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Canadian Dollar holds gains against subdued US Dollar as Fed pause expectations rise
USD/CAD inches higher after opening at a bearish gap, remaining in negative territory, trading around 1.4120 during Asian hours on Monday. The currency pair remains subdued as the US Dollar (USD) struggles under fading expectations for a Federal Reserve (Fed) rate hike in October.
Australian Dollar holds gains above 0.6950 as Fed hike bets fade, Chinese data loom
The AUD/USD pair gathers strength to near 0.6970 during the early Asian session on Monday. Fading expectations for a Federal Reserve (Fed) rate hike weigh on the US Dollar (USD) against the Australian Dollar (AUD).
Fxstreet
Mon, Oct 19
Euro attracts some sellers to near 1.1200 on French political turmoil, fiscal risks
The EUR/USD pair faces some selling pressure to near 1.1215 during the early Asian trading hours on Monday. The Euro (EUR) weakens against the US Dollar (USD) amid fiscal risks in France after the French debt risk premium jumped in early October.
Fxstreet
Sun, Oct 18
The Kiwi defies hot US inflation as Fed pause bets weaken the USD
The New Zealand Dollar ended the week on a higher note against the US Dollar, up 0.55% to 0.5652, as the Greenback weakened amid investors' skepticism about a Fed hike in October despite the US docket featuring red-hot inflation.
Fxstreet
Fri, Oct 16
EUR/USD Price Forecast: Recovery remains fragile below key moving averages
EUR/USD struggles to extend its gains on Friday as the US Dollar (USD) steadies after coming under heavy pressure on Thursday. At the time of writing, the pair trades around 1.1230, below an intraday high of 1.1269, but remains on track for its first weekly gain in six weeks.
Fxstreet
Fri, Oct 16
British Pound: Weekly outside reversal eyes 1.3650 against US Dollar – Scotiabank
Scotiabank analysts highlight that Bank of England Governor Bailey sees little evidence of second-round inflation effects and a more resilient UK economy, with markets still pricing a 25bp hike next month.Fxstreet
Fri, Oct 16
British Pound breaks 1.3350 as Warsh stays vague, BoE hike bets build
The Pound Sterling advanced against the US Dollar on Friday after Fed Chair Kevin Warsh didn’t provide forward guidance on interest rates, while expectations that the Bank of England would hike rates in November supported GBP/USD, pushing it above 1.3350 and registering gains of over 0.61%.Fxstreet
Fri, Oct 16
Euro: Bullish reversal builds above support – Scotiabank
Scotiabank’s Global FX Strategy team notes EUR/USD is supported by modest narrowing in front-end Eurozone–US spreads following dovish-leaning comments from Fed Chair Warsh. French OAT/Bund spreads remain wide but are seen as a limited driver for the Euro.Fxstreet
Fri, Oct 16
Euro gains ground as AI jitters overshadow Fed rate hike bets
EUR/USD extends its recovery on Friday, trading around 1.1255 at the time of writing, up 0.32% on the day. The Euro (EUR) continues to strengthen against the US Dollar (USD), rebounding from a 16-month low of 1.1113 reached on Wednesday.Fxstreet
Fri, Oct 16
Canadian Dollar: Bullish turn targets 1.40 against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret report the Canadian Dollar (CAD) modestly stronger versus the US Dollar, helped by firmer Bank of Canada rate expectations and narrowing US–Canada yield spreads. Fair value for USD/CAD is estimated close to spot around 1.4140.Fxstreet
Fri, Oct 16
Brazilian Real: Election-driven support with downside risks – Commerzbank
Norman Liebke at Commerzbank highlights that Brazil’s presidential run-off on 25 October between Lula da Silva and Flavio Bolsonaro is closely watched by markets. A Bolsonaro victory would likely bring more market-friendly, fiscally conservative policies and closer ties to the United States.Fxstreet
Fri, Oct 16
GBP/JPY Price Forecast: Bulls test recovery momentum below key moving averages
GBP/JPY trades on the front foot on Friday, gaining around 0.50% as broad US Dollar weakness favours the higher-yielding British Pound (GBP) against the lower-yielding Japanese Yen (JPY), which underperforms all its major peers except the Greenback.
Fxstreet
Fri, Oct 16
British Pound: UK resilience supports Sterling against Euro - Commerzbank
Thu Lan Nguyen at Commerzbank highlights that resilient United Kingdom (UK) Gross Domestic Product (GDP) data for August, beating expectations for a fourth month, give the Bank of England more room to raise rates and ease pressure on the Chancellor’s deficit-reduction plans.
Japanese Yen struggles to gain ground despite softer US Dollar
USD/JPY is little changed on Friday but heads for its first weekly loss in five weeks amid a sharp decline in the US Dollar (USD). However, the Japanese Yen (JPY) finds only limited support as its fundamental backdrop remains fragile.
Fxstreet
Fri, Oct 16
British Pound hits three-week highs near 1.3350 as the US Dollar tumbles
The British Pound (GBP) appreciates against a weak US Dollar (USD) on Friday as risk appetite improves, with global yields pulling back from highs, and investors reprice Federal Reserve’s (Fed) monetary tightening bets.Fxstreet
Fri, Oct 16
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