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UAE, Turkey sign $4.90 billion currency swap agreement, UAE central bank says
DUBAI, Oct 2 (Reuters) - The central banks of the United Arab Emirates and Turkey signed a bilateral currency swap agreement of a nominal size of 18 billion UAE dirham ($4.90 billion) and 198 billion Turkish lira, the UAE central bank said on Thursday.($1 = 3.6728 UAE dirham)Reuters
Thu, Oct 2
USD/JPY: Sharp declines appear excessive – UOB Group
US Dollar (USD) is likely to trade in a range between 146.70 and 148.00. In the longer run, sharp declines appear excessive, but USD could drop to 146.30. The odds for a continued decline below this level are not high, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Thu, Oct 2
USD/CHF drifts away from 0.7975 highs despite soft Swiss inflation data
The US Dollar is trimming Wednesday gains on Thursday, pulling back to session lows near 0.7950. The generalised US Dollar weakness has offset the negative impact on the Swiss Franc from softer-than-expected inflation data.
Fxstreet
Thu, Oct 2
RPT-COLUMN-Sign of the times as Swiss buy euros not dollars: Mike Dolan
By Mike Dolan LONDON, Oct 2 (Reuters) - The Swiss National Bank may be a special case, but if you were looking for a switch in the behavior of central bank reserve managers in their currency preference, then the Swiss case is a curious vignette. The dollar is off the menu.The SNB's longstandi...Reuters
Thu, Oct 2
REFILE-EMERGING MARKETS-EM stocks surge on Fed rate cut hopes, currencies flat amid US shutdown jitters
EM stocks up 1.25%, FX flatRomania producer prices rise 3.21% year-on-year Romania's unemployment rate rises to 5.9% in AugustCCC slips after reporting Q2 resultsBy Nikhil Sharma Oct 2 (Reuters) - Emerging market stocks hit a more than four-year high on Thursday, buoyed by expectations of a F...Reuters
Thu, Oct 2
FOREX-Dollar falls as traders assess US government shutdown, poor jobs data
Traders weigh impact of US government shutdown ADP jobs and PMI data solidify rate cut betsFed Governor Cook to stay in her post until JanuaryEuro inflation reinforces bets on ECB keeping rates on holdBy Joice Alves LONDON, Oct 2 (Reuters) - The dollar fell to near a one-week low on Thursday as t...Reuters
Thu, Oct 2
NZD/USD: Likely to test 0.5840 before the risk of a pullback increases – UOB Group
There is a chance for New Zealand Dollar (NZD) to test 0.5840 before the risk of a pullback increases. In the longer run, NZD has likely moved into a 0.5770/0.5865 range-trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Thu, Oct 2
USD/CHF eyes inverse H&S breakout – Société Générale
USD/CHF is consolidating after rebounding from its July low, with price action forming an Inverse Head and Shoulders pattern. A clear break above the neckline at 0.8020 is needed to unlock further upside, while the 0.7870/25 zone remains pivotal support, Société Générale's FX analysts note.Fxstreet
Thu, Oct 2
AUD/USD is neutral for now – UOB Group
Further consolidation appears likely; softer underlying tone suggests a lower range of 0.6585/0.6625. In the longer run, Australian Dollar (AUD) is neutral now, and it is likely to trade between 0.6545 and 0.6655 for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Thu, Oct 2
CORRECTED-ADVISORY-No technical reports from Wang Tao October 3 to 10
Oct 2 (Reuters) - There will be no daily reports from Reuters markets analyst Wang Tao from October 3 to October 10. Routine reports will resume on Oct. 13. The fourth quarter reports will be provided in the week of October 13 to October 17.Reuters
Thu, Oct 2
GBP/USD: Likely to consolidate in a range of 1.3455/1.3525 – UOB Group
Pound Sterling (GBP) is likely to consolidate in a range of 1.3455/1.3525. In the longer run, GBP is likely to trade in a range between 1.3360 and 1.3525, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Oct 2
NZD/USD Price Forecast: Rises to near 0.5850 after breaking above nine-day EMA
NZD/USD extends its gains for the third successive session, trading around 0.5840 during the European hours on Thursday. The daily chart’s technical analysis shows that short-term price momentum has strengthened as the pair trades above the nine-day Exponential Moving Average (EMA).Fxstreet
Thu, Oct 2
