FX Rate Updates 
EUR/USD edges slightly higher to around 1.1235 in Thursday’s early Asian session. Widespread anti-government protests in France, coupled with a deteriorating fiscal outlook, may place downward pressure on the Euro. Markets are currently reflecting a modest probability of an interest rate increase in the upcoming week. The EUR/USD pair is experiencing modest gains, hovering around … Read more
In September, housing starts in the United States experienced a decline, while pending home sales reached unprecedented lows, contributing to a depreciation of the US Dollar. Drone attacks in the Middle East and Ukraine have contributed to an increase in oil prices, thereby exacerbating inflationary pressures and influencing expectations for a rate hike by the … Read more
Increased crude oil prices have strengthened the Canadian Dollar, resulting in downward pressure on the USD/CAD pair. Drone attacks targeting Saudi and Russian oil infrastructure have intensified market anxieties regarding potential disruptions in energy supply. Geopolitical risks and uncertainty surrounding Federal Reserve interest-rate policy persist in influencing overall market sentiment. USD/CAD extends its losing streak … Read more
AUD/USD softens to near 0.7015 in Thursday’s early Asian session. RBA’s Hauser indicates that the inflation outlook has significantly deteriorated compared to the bank’s previous forecasts, increasing the likelihood of an additional rate hike as early as November. The forthcoming trajectory of the Federal Reserve’s policy continues to serve as a significant driver of market … Read more
Japan’s trade deficit for September amounted to JPY 536.6 billion, reflecting a deceleration in both export and import growth. Japan’s Finance Minister Katayama affirmed the importance of close coordination with the Bank of Japan, emphasising a focus on enhancing supply capacity growth while avoiding inflationary pressures. Markets are assessing US inflation data in conjunction with … Read more
EUR/USD has decreased to approximately 1.1225 during the early Asian session on Wednesday. Traders exhibited caution regarding the Euro amid widespread protests and fiscal uncertainties in France. The Fed is expected to hold rates steady this month before potentially resuming tightening later in the year. The EUR/USD pair experiences a decline, approaching 1.1225 in the … Read more
USD/CAD remains steady amid rising crude oil prices, providing support for both currencies. Geopolitical tensions and disruptions in shipping through the Strait of Hormuz have resulted in an increase of over 10% in oil prices this month. Ongoing US-Iran peace negotiations and Fed Chair Warsh’s perspective on the neutral rate maintain a sense of caution … Read more
GBP/USD experiences a decline, approaching the 1.3375 mark during the early hours of Wednesday’s Asian session. UK labour market data indicated a robust job market. Fed Chair Warsh provides no indication regarding the trajectory of interest rates. The GBP/USD pair experiences a decline to approximately 1.3375 during the early hours of trading in Asia on … Read more
GBP/USD increases as the US Dollar declines, reflecting market expectations of a rate pause from the Federal Reserve in October. The British Pound appreciates in response to anticipations of as many as four rate hikes from the Bank of England by July 2027. Investors are closely observing the forthcoming UK budget, wagering that fiscal discipline … Read more
The USD/CHF experiences a decline as the US Dollar softens, reflecting market anticipations that the Federal Reserve will maintain interest rates at their current levels in October. CME FedWatch indicates that traders anticipate the Federal Reserve will maintain current interest rates in October, with a 93.5% likelihood of an increase in December. Low borrowing costs … Read more
