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Mexican Peso builds winning streak as USD/MXN drifts toward 18.00
The Mexican Peso posted back-to-back bullish days as USD/MXN edged lower by about 0.34% amid softer-than-expected US data and a mediocre Nonfarm Payrolls report last Friday. The exotic pair trades at 18.08 after peaking near 18.26.
Fxstreet
Mon, Oct 5
Japanese Yen weakens as wide yield gap supports US Dollar
The Japanese Yen (JPY) remains on the back foot against the US Dollar (USD) on Monday as the wide yield differential continues to favour the Greenback, while broader structural headwinds weigh on the Japanese currency. At the time of writing, USD/JPY trades around 158.10, up 0.17% on the day.
Fxstreet
Mon, Oct 5
British Pound slides as France fiscal shock lifts the US Dollar
The Pound Sterling dives by over 0.19% against the US Dollar at the beginning of the week, despite a dip in US services sector activity and elevated US Treasury yields. underpins the Greenback. The GBP/USD trades at 1.3218 at the time of writing.
Fxstreet
Mon, Oct 5
Australian Dollar edges higher even as robust US services, firm Dollar cap gains
AUD/USD advances on Monday, trading around 0.6970 at the time of writing, up 0.34% on the day. The pair manages to gain ground despite persistent strength in the US Dollar (USD), which remains supported by elevated Treasury yields and weakness in the Euro (EUR).
Fxstreet
Mon, Oct 5
Euro: Fiscal stress and fewer ECB hikes weigh against US Dollar – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports the Euro (EUR) is underperforming major currencies, with EUR/USD briefly hitting 1.1161, its lowest since May 2025. Elias Haddad flags France’s budget crisis spilling into wider Eurozone bond markets and complicating potential European Central Bank (ECB) Transmission Protection Instrument activation, leaving the Euro pressured by rising fiscal risk and expectations of a shallower ECB hiking cycle.Fxstreet
Mon, Oct 5
South Korean Won: Strong exports and policy support KRW – Commerzbank
Commerzbank’s Moses Lim notes that USD/KRW declined on Friday and over the week as robust South Korean exports and supportive policy actions bolstered the Korean Won. Elevated but easing inflation allows the Bank of Korea to stay hawkish while likely holding rates in October.Fxstreet
Mon, Oct 5
Euro falls back below 1.1200 as US Dollar dominates despite weaker ISM Services PMI
EUR/USD falls 0.60% on Monday and trades around 1.1190 at the time of writing. The pair remains under pressure as the US Dollar (USD) maintains positive momentum, supported in part by elevated US Treasury yields, while political and fiscal concerns in Europe weigh on the Euro (EUR).Fxstreet
Mon, Oct 5
Euro: Debt contagion fears weigh on EUR against US Dollar – Societe Generale
Societe Generale strategists highlight renewed Euro (EUR) weakness as widening European spreads and US Dollar (USD) demand push EUR/USD below 1.12, far from the European Central Bank's (ECB) technical assumption of 1.16 for 2026-28.Fxstreet
Mon, Oct 5
New Zealand Dollar slides toward one-year low as US Dollar regains strength
NZD/USD extends its decline on Monday and trades around 0.5582 at the time of writing, down 0.70% on the day. The pair is flirting with the November 2025 low at 0.5580 after posting six consecutive weeks of losses. NZD/USD is therefore trading close to an important area between 0.5580 and 0.5470.
Fxstreet
Mon, Oct 5
Euro extends decline against British Pound on France debt concerns
EUR/GBP extends its decline on Monday, sliding to its lowest level since mid-July as political turmoil and mounting concerns over Europe’s public finances weigh on the Euro (EUR). At the time of writing, the cross trades around 0.8478, down 0.24% on the day, after touching an intraday low of 0.8458.
Fxstreet
Mon, Oct 5
Canadian Dollar bounces up as US Dollar loses steam with services PMIs in focus
The Canadian Dollar (CAD) pares previous daily losses on Monday, as the US Dollar (USD) pulls back from multi-month highs against most peers, with market concerns about higher global debt yields keeping investors away from risk.Fxstreet
Mon, Oct 5
British Pound recovers some losses against US Dollar, ISM Services PMI eyed
The British Pound (GBP) claws back some of its early losses against the US Dollar (USD), but is still 0.15% down to near 1.3220 during the European trading session on Monday. The GBP/USD pair recovers slightly as the US Dollar Index retreats after hitting a fresh annual high near 102.53.Fxstreet
Mon, Oct 5
Euro: Pressured yet systemic risk contained – DBS
DBS strategist Philip Wee explains that EUR/USD’s four-week decline reflects shifting risk balances, with renewed Federal Reserve (Fed) tightening overshadowing the European Central Bank (ECB) and France’s fiscal issues overshadowing US concerns.Fxstreet
Mon, Oct 5
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