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NZD/USD pulls back toward 0.5800 ahead of RBNZ decision
NZD/USD retreats on Tuesday, extending consolidation below 0.5840 to trade near 0.5810 at the time of writing. Market participants turn their attention to the Reserve Bank of New Zealand’s (RBNZ) monetary policy decision due on Wednesday.
Fxstreet
Tue, Oct 7
Euro under pressure as French political turmoil drives safe-haven flows into US Dollar
The Euro (EUR) remains under pressure on Tuesday, slipping toward a one-month low against the US Dollar (USD) as deepening political turmoil in France fuels risk-off sentiment in European markets. At the time of writing, EUR/USD is trading around 1.1672, stabilizing somewhat after earlier losses.Fxstreet
Tue, Oct 7
USD/CAD ticks up near 1.3960 amid US-Canada trade talks
The USD/CAD pair edges higher to near 1.3960 during the European trading session on Tuesday. The Loonie pair ticks up as the US Dollar (USD) gains significantly amid increase in its safe-haven demand in times when the French economy is going through political crisis.Fxstreet
Tue, Oct 7
GBP/JPY is looking for direction near 202.50 after rejection at 203.00
The British Pound consolidates in the mid-range of the 202.00s on Tuesday, following a rejection from all-time highs at multi-year highs near 203.00, following comments from Japanese Finance Minister Katsunobu Kato, who affirmed that he will closely monitor foreign exchange markets.The Yen plummeted
Fxstreet
Tue, Oct 7
AUD/USD declines within a horizontal consolidation range amid disappointing Australian economic data
AUD/USD is falling 0.4% for the day at the time of writing on Tuesday, with the Australian Dollar (AUD) being weighed down by deteriorating household sentiment and weaker labor market conditions in Australia.Fxstreet
Tue, Oct 7
USD/JPY: Might test the significant resistance zone of 150.90/151.20 – UOB Group
US Dollar (USD) could continue to rise; any advance is likely part of a higher range of 149.70/150.70. In the longer run, the price action suggests USD could continue to rise and test the significant resistance zone of 150.90/151.20, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, Oct 7
NZD/USD is trading in a higher range of 0.5810/0.5850 – UOB Group
The slight increase in upward momentum is likely to lead to New Zealand Dolla (NZD) trading in a higher range of 0.5810/0.5850. 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
Tue, Oct 7
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