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AUD/USD: Chance for AUD to test 0.6440 – UOB Group
Australian Dollar (AUD) is likely to range-trade between 0.6460 and 0.6520. In the longer run, further declines in AUD still appear likely; the next level to watch is 0.6440, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Oct 15
Norway proposes widening EV tax to include mass-market Tesla models
Norway plans to phase out EV tax exemptions by 2027Finance Minister Stoltenberg cites achievement of EV sales goalParliamentary negotiations needed for budget's approvalPro-EV lobby group wants staggered phase-outBy Terje Solsvik and Nora Buli OSLO, Oct 15 (Reuters) - Norway plans to eliminat...Reuters
Wed, Oct 15
INDIA RUPEE-Rupee climbs the most in four months on firm central bank intervention
By Jaspreet Kalra MUMBAI, Oct 15 (Reuters) - The Indian rupee soared to post its best one-day gain in nearly four months on Wednesday, powered by firm central bank intervention supporting the currency while traders also cited unwinding of bearish wagers on the currency. The rupee INR=IN closed at...Reuters
Wed, Oct 15
Sterling strengthens against weaker dollar, Reeves' budget plans in focus
LONDON, Oct 15 (Reuters) - The pound firmed against a broadly weaker dollar on Wednesday, as Britain's finance minister Rachel Reeves confirmed tax rises and spending cuts are on the horizon, and market focus stays on the Bank of England's rate path.The pound was up 0.2% against the dollar G...Reuters
Wed, Oct 15
Kremlin rejects Trump's assertion that BRICS targets the dollar
MOSCOW, Oct 15 (Reuters) - The Kremlin said on Wednesday that the BRICS group of nations has never targeted third countries or their currencies, rejecting U.S. President Donald Trump's assertion that the bloc was designed to undermine the dollar.Trump on Tuesday described BRICS as "an attack...Reuters
Wed, Oct 15
RPT-COLUMN-The 'phoney trade war' may be ending: Mike Dolan
By Mike Dolan LONDON, Oct 15 (Reuters) - After a period of relative calm through the Northern summer, businesses are bracing for a nervier winter, a return of trade and economic uncertainty, and higher financial market volatility to boot.In some respects, the last few months may have been a bit o...Reuters
Wed, Oct 15
GBP/USD: Likely to trade in a range between 1.3290 and 1.3365 – UOB Group
Pound Sterling (GBP) is likely to trade in a range between 1.3290 and 1.3365. In the longer run, downward momentum has slowed somewhat, but there is still a chance for GBP to decline to 1.3200, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Wed, Oct 15
USD/JPY slumps to near 151.00 as US Dollar underperforms on Fed dovish bets
The USD/JPY pair is down 0.45% to near 151.00 during the European trading session on Wednesday. The pair faces selling pressure as the US Dollar (USD) underperforms its peers, with traders remaining confident of two more interest rate cuts by the Federal Reserve (Fed) this year.
Fxstreet
Wed, Oct 15
USD/MXN tests resistance as momentum turns positive – Société Générale
USD/MXN has rebounded from its 18.20 low but continues to face resistance at the 50-DMA. A break above 18.65 is needed to confirm an extended recovery, while failure to clear it could invite renewed downside pressure, Société Générale's FX analysts note.
Fxstreet
Wed, Oct 15
