News
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POLL-Dollar faces prolonged weakness amid Fed rate cuts
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=EUR= poll dataBy Hari Kishan BENGALURU, October 1 (Reuters) - The U.S. dollar, under pressure since the start of the year, may struggle to find its footing against most major currencies over the coming 12 months, according to a R...Reuters
Wed, Oct 1
GBP/USD surges to one-week high as weak ADP data and US government shutdown dent US Dollar
The British Pound (GBP) advances sharply against the US Dollar (USD) on Wednesday, with GBP/USD climbing to a one-week high, reaching its strongest level since September 24, as the Greenback remains under broad pressure amid a weaker-than-expected ADP Employment Change report, the ongoing United Sta
Fxstreet
Wed, Oct 1
Yuan and Aussie dollar gain share in global reserves as dollar dips, IMF data shows
IMF adjusts data for currency swings after big dollar moves Yuan, Aussie dollar gain 0.03 percentage points in share in Q2Dollar sees dip in reserves' share, adjusted for FX swingsBy Karin Strohecker and Dhara RanasingheLONDON, Oct 1 (Reuters) - The Chinese yuan and Australian dollar increased t...Reuters
Wed, Oct 1
BREAKINGVIEWS-Crypto-hoarder deal buys market magic with bitcoin
By Jonathan GuilfordNEW YORK, Sept 30 (Reuters Breakingviews) - Is crypto hoarding about the crypto or the hoarding? Among the stampede of companies refashioning their business models to become digital-coin collectors, Strive ASST.O has emerged to pick up any that fail to generate sufficiently bubb...Reuters
Wed, Oct 1
EUR/JPY tumbles to near 172.50 as Japanese Yen outperforms across the board
The EUR/JPY pair trades 0.6% lower to near 172.50 during the European trading session on Wednesday. The cross faces a sharp selling pressure as the Japanese Yen (JPY) continues to outperform its peers from the past few trading days.
Fxstreet
Wed, Oct 1
JPY outperforming on reassertion of haven role amid US shutdown – Scotiabank
The Japanese Yen (JPY) is strong, up 0.5% against the US Dollar (USD) and once again outperforming all of the G10 currencies on a combination of both sentiment and fundamentals as market participants eye the US government shutdown as well as the outlook for the BoJ, Scotiabank's Chief FX Strategists
Fxstreet
Wed, Oct 1
GBP a relative performer on neutral comments from BoE’s Mann – Scotiabank
The Pound Sterling (GBP) is up a modest 0.2% against the US Dollar (USD) and outperforming most of the G10 currencies into Wednesday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Wed, Oct 1
CAD fails to benefit from the mostly softer USD – Scotiabank
The Canadian Dollar (CAD) picked up a little ground in overnight trade on the news out of Washington DC but is currently trading close to the overnight low seen earlier against the big dollar and near yesterday’s session low, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Wed, Oct 1
USD/JPY hits six-week lows sub 147.00 as of BoJ tightening bets rise
The US Dollar is heading lower for the fourth consecutive day against the Japanese Yen on Wednesday, testing six-week lows near the 147.00 level, hammered by a combination of market concerns about the US government closure and a hawkishly tilted Bank of Japan’s monetary policy minutes.The BoJ’s SummFxstreet
Wed, Oct 1
FOREX-Dollar eases to week low as US government shutdown raises uncertainty
US government funding expired at 0400 GMT on WednesdayShutdown may delay key monthly jobs reportYen gets biggest boostBy Amanda Cooper LONDON, Oct 1 (Reuters) - The dollar skimmed one-week lows against major currencies on Wednesday as a U.S. government shutdown unsettled markets and threatened to...Reuters
Wed, Oct 1
AUD/USD trades firmly above 0.6600 on US government shutdown
The AUD/USD pair holds onto gains near 0.6620 during the European trading session on Wednesday. The Aussie pair demonstrates strength as the US Dollar (USD) continues to face selling pressure, with Washington entering a shutdown.
Fxstreet
Wed, Oct 1
NZD/USD: Likely to consolidate within a range of 0.5775/0.5810 – UOB Group
New Zealand Dollar (NZD) is likely to consolidate within a range of 0.5775/0.5810. In the longer run, unless there is a meaningful decline soon, a break above 0.5815 would suggest NZD has moved into a range-trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Oct 1
AUD/USD: Likely to consolidate between 0.6590 and 0.6630 – UOB Group
Instead of continuing to advance, Australian Dollar (AUD) is more likely to consolidate between 0.6590 and 0.6630. In the longer run, 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
Wed, Oct 1
RPT-COLUMN-If AI is a bubble, the economy will pop with it: Mike Dolan
By Mike Dolan LONDON, Oct 1 (Reuters) - The old truism that the stock market is not the economy risks underplaying how much today's powerful investment trends could impact the prosperity and lives of the whole country.Artificial intelligence is obviously the megatrend of the moment. Scale is ...Reuters
Wed, Oct 1
