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AUD/USD: RBA opts for unchanged – Commerzbank
As expected, the Reserve Bank of Australia left its Cash Rate unchanged this morning at 3.6%. Until recently, most economists, including myself, had expected a cut in November. However, last week's inflation figures showed that the inflation problem is more serious than expected.Fxstreet
Tue, Nov 4
UK Chancellor Reeves: Will focus on lowering inflation in budget
United Kingdom (UK) Chancellor of the Exchequer Rachel Reeves expresses concerns during the European trading session over the rising cost of borrowing. Reeves added that progress in inflation towards normalization has remained slow.Fxstreet
Tue, Nov 4
USD/CAD Price Forecast: Tests seven-month highs near 1.4100
USD/CAD extends its gains for the fourth successive session, trading around 1.4060 during the European hours on Tuesday. The technical analysis of the daily chart indicates a prevailing bullish bias, with the pair moving upwards within the ascending channel pattern.Fxstreet
Tue, Nov 4
USD/INR declines on possible RBI’s intervention into local spot market
The Indian Rupee (INR) jumps to near 88.50 in the opening session against the US Dollar (USD) on Tuesday. The USD/INR pair faces a sharp selling pressure as the Indian Rupee strengthens on hopes that the Reserve Bank of India (RBI) has intervened in the currency market to support the Indian Rupee.Fxstreet
Tue, Nov 4
AUD/JPY faces selling pressure as RBA keeps interest rates steady at 3.6%, as expected
The AUD/JPY pair slumps to near 100.40 during the Asian trading session on Tuesday as the Reserve Bank of Australia (RBA) has held its Official Cash Rate (OCR) steady at 3.6%. This is the second straight meeting when the RBA has maintained a status quo.
Fxstreet
Tue, Nov 4
USD/CHF climbs to over two-month high; bulls await move beyond 0.8100 amid firmer USD
The USD/CHF pair attracts buyers for the fifth consecutive day and climbs to its highest level since August 22 during the Asian session on Tuesday. The momentum lifts spot prices to the 0.8100 neighborhood and is sponsored by sustained US Dollar (USD) buying.
Fxstreet
Tue, Nov 4
AUD/NZD sticks to gains near its highest level since September 2022, eyes 1.1500 after RBA
The AUD/NZD cross retreats a few pips from the vicinity of the 1.1500 mark, or the highest level since September 2022, touched during the Asian session, after the Reserve Bank of Australia (RBA) announced its policy decision.
Fxstreet
Tue, Nov 4
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