News
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TRY: Fading base-effects one reason why inflation surprised upward – Commerzbank
For the release of Turkish CPI data for September, markets expected to register 32.5%y/y inflation (which would translate to 2.5% month-on-month, after seasonally-adjustment).' The outcome on the day surprised noticeably to the upside, with the month-on-month increase working out to 3.1%m/m instead
Fxstreet
Tue, Oct 7
Pound Sterling weakens against US Dollar amid political jolts in Japan and France
The Pound Sterling (GBP) declines 0.3% to near 1.3440 against the US Dollar (USD) during the European trading session on Tuesday. The GBP/USD pair slumps as the safe-haven demand of the US Dollar increases due to political jolts in Japan and France.Fxstreet
Tue, Oct 7
EUR: Every day brings French risk – Commerzbank
France's short-lived prime minister, Sebastian Lecornu, resigned unexpectedly yesterday morning. His time in office was even shorter than that of Liz Truss, the former British Prime Minister, who was forced to resign after seven weeks due to her ill-fated financial plan for Britain.Fxstreet
Tue, Oct 7
USD/CHF rallies to 0.7975 area as markets turn cautious
The US Dollar has accelerated its rebound from Monday’s lows at the 0.7940 area, reaching intra-day highs at 0.7975 so far. However, the pair remains trapped within the horizontal range of the last six weeks, below the 0.8000 psychological level.
Fxstreet
Tue, Oct 7
NZD/USD pulls back to levels near 0.5800 with the RBNZ decision eyed
The New Zealand Dollar’s rally met sellers at the 0.5845 area on Monday, and the pair is trading lower on Tuesday. The Kiwi has retraced the previous day’s gains and approaches the 0.5800 line as investors turn their focus to the RBNZ’s monetary policy decision, due on Wednesday.Fxstreet
Tue, Oct 7
EUR/USD extends decline as France political uncertainty weighs
EUR/USD is heading south for the second consecutive day on Tuesday. The pair trades near 1.1690 at the time of writing, as France's political and fiscal crisis is keeping investors away from the common currency and prompting the European Central Bank (ECB) to adopt a slightly more dovish tone.Fxstreet
Tue, Oct 7
USD/CAD Price Forecast: Consolidates around 1.3950 ahead of Fed speaks
The USD/CAD pair trades in a tight range around 1.3950 during the early European trading session on Tuesday. The Loonie pair consolidates as investors await speeches from a slew of Federal Reserve (Fed) officials scheduled in the North American.
Fxstreet
Tue, Oct 7
AUD/JPY Price Forecast: Key upside barrier emerges near 100.00, eyes on overbought RSI
The AUD/JPY cross trades on a negative note near 99.45 during the early European session on Tuesday. The Japanese Yen (JPY) recovers slightly against the Australian Dollar (AUD) after reaching its lowest since November 2024.
Fxstreet
Tue, Oct 7
EUR/JPY trades firmly near 176.00 amid Japan-France political jolts
The EUR/JPY pair demonstrates strength near the all-time high around 176.00 during Tuesday’s late Asian session, posted on Monday. The pair strengthens as the Japanese Yen (JPY) underperforms across the board since Sanae Takaichi has been elected as Prime Minister by Japan’s ruling party.
Fxstreet
Tue, Oct 7
GBP/JPY struggles to find acceptance above 203.00 and retreats slightly from YTD top
The GBP/JPY cross struggles to capitalize on its modest Asian session uptick and retreats from a fresh year-to-date peak – levels just above the 203.00 mark – touched earlier this Tuesday. `Spot prices, however, lack bearish conviction and currently trade just above mid-202.00s, down less than 0.10%
Fxstreet
Tue, Oct 7
EUR/USD weakens to near 1.1700 on fears of French political crisis
The EUR/USD pair loses ground around 1.1705 during the Asian trading hours on Tuesday. The Euro (EUR) softens against the US Dollar (USD) after France's new Prime Minister Sebastien Lecornu and his government resigned on Monday, hours after announcing his cabinet line-up.Fxstreet
Tue, Oct 7
