AUD/USD edges lower as US Dollar gains ground ahead of US key data
The AUD/USD pair exhibits a subdued performance near the crucial support of 0.6900 in Tuesday’s European session.
NZD/USD drops toward 0.6300 ahead of US manufacturing data
NZD/USD trades around 0.6310 during the European hours on Tuesday, breaking its three-day winning streak.
EUR/JPY pressured lower after cooling inflation weighs on single currency
EUR/JPY trades just over a third of a percent lower on Tuesday, in the 159.30s.
USD recovery helped by supportive spreads – Scotiabank
Softer than expected US PCE data Friday undercut the US Dollar (USD) broadly at the start of the week but the USD has recovered this morning to trade higher overall against its major currency peers, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
USD/CAD consolidates above 1.3500 ahead of busy US data week
The USD/CAD pair trades in a tight range above the psychological support of 1.3500 in Tuesday’s European session.
NZD/USD Price Forecast: Declines to near 0.6300 as US data takes centre stage
The NZD/USD pair tumbles to near the crucial support of 0.6300 in Tuesday’s New York session after facing selling pressure above the key resistance of 0.6350.
EUR/GBP trades flat above 0.8300 as traders await the Eurozone inflation data
The EUR/GBP cross trades on a flat note around 0.8330 on Tuesday during the early European session.
EUR/USD tumbles as Eurozone HICP softens, US Dollar recovers
EUR/USD remains under pressure as the US Dollar (USD) bounces back after traders pare Federal Reserve (Fed) large rate cut bets for November.
Pound Sterling Price News and Forecast: GBP falls vertically to near 1.3300 as traders brace for US data
The Pound Sterling (GBP) drops to near 1.3300 after facing selling pressure near the crucial resistance of 1.3400 against the US Dollar (USD) in Tuesday’s London session.
USD/JPY strives to reclaim 145.00 as traders pare Fed large rate cut bets
The USD/JPY pair gathers strength to extend its upside towards the crucial resistance of 145.00 in Tuesday’s European session.
USD/CHF rises above 0.8450 despite improved Swiss Real Retail Sales
USD/CHF extends its gains for the second successive day, trading around 0.8470 during the early European hours on Tuesday.
Pound Sterling slides as Fed Powell pushes back large rate cut bets
The Pound Sterling (GBP) drops to near 1.3300 after facing selling pressure near the crucial resistance of 1.3400 against the US Dollar (USD) in Tuesday’s North American session.
Euro zone inflation under 2% for first time since 2021
The euro zone's annual inflation rate fell to its lowest level in three and a half years in September, dropping below the European Central Bank's 2% target and fuelling expectations of a rate cut.
EUR/USD flat lines below mid-1.1100s ahead of Eurozone CPI, US macro data
The EUR/USD pair struggles to gain any meaningful traction following the previous day's pullback from the vicinity of the 14-month peak – levels just above the 1.1200 mark and oscillates in a narrow band during the Asian session on Tuesday.
Forex Today: Focus shifts to Eurozone inflation figures and key US data as Q4 gets underway
Here is what you need to know on Tuesday, October 1: Following Monday's choppy action in financial markets, investors shift their attention to key macroeconomic data releases as the fourth quarter gets underway.
Eurozone inflation falls under 2% for first time since 2021
The eurozone's annual inflation rate fell to its lowest level in three-and-a-half years in September, official data showed Tuesday, dropping below the European Central Bank's two-percent target and fuelling expectations of a rate cut. The slowdown in inflation comes after energy prices fell sharply by 6.0 percent in September, compared with a drop of 3.0 percent in August, Eurostat data showed.
Dollar’s losing streak keeps traders wary as Fed cuts rates
The dollar index has fallen roughly 3.6% since late June as market participants grew more confident that Fed officials would soon start lowering borrowing costs.
US Dollar Index rises to near 101.00 following Fed Powell remarks to lower rates gradually
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against other six major currencies, extends its gains for the second successive day.
US Dollar rolls through markets in search of a fresh 7-day high
The US Dollar (USD) starts to pick up speed and rallies on Tuesday ahead of the Manufacturing Purchasing Managers Index (PMI) numbers from the Institute for Supply Management (ISM). The positive turnaround for the Greenback took place after
Euro zone inflation falls to 1.8% in September, below the European Central Bank's 2% target
Euro zone inflation fell to 1.8%, below the European Central Bank's target rate, in September, flash data from statistics agency Eurostat showed Tuesday.
Asian markets mixed; Japanese stocks rebound from Monday's slump
Asian shares were mixed on Tuesday, with Japan’s Nikkei 225 index regaining some of its sharp losses from a day earlier. A quarterly “tankan” survey by the Bank of Japan showed business confidence among large manufacturers remained steady at 13, indicating an improved outlook for business conditions. A positive number…
Dollar gains as Powell pushes back on jumbo rate-cut bets
LONDON/TOKYO :The dollar rose broadly on Tuesday after Federal Reserve Chair Jerome Powell pushed back against bets on more supersized interest rate cuts.The yen steadied close to the middle of its range against the dollar over the past month, after a volatile two days as traders sized up Japan's incoming pri
EUR/JPY attracts some buyers above 160.50 ahead of Eurozone inflation data
The EUR/JPY cross extends the rally to near 160.70 during the early European session on Tuesday.
Eurozone inflation falls below 2% in Sept, boosting rate cut hopes
Eurozone inflation fell below the European Central Bank's 2% target for the first time since 2021, boosting hopes of further interest rate cuts in the single currency bloc.
Dollar firm after Powell pushes back on aggressive easing bets
LONDON/TOKYO : The U.S. dollar rallied broadly on Tuesday after Federal Reserve Chair Jerome Powell pushed back against bets on more supersized interest rate cuts.The yen steadied close to the middle of its range against the dollar over the past month, after a volatile two days as traders sized up Japan's
DXY: Short squeeze – OCBC
The US Dollar (USD) gets a bump up as market took cues from NABE speech from Fed Chair Powell to take profit on USD shorts.
Pound Sterling Price News and Forecast: GBP/USD trades with mild negative bias near 1.3370
The GBP/USD pair struggles to gain ground around 1.3370 during the Asian session on Tuesday.
Eurozone inflation falls under 2% for first time since 2021
The eurozone's annual inflation rate fell to its lowest level in three-and-a-half years in September, official data showed Tuesday, dropping below the European Central Bank's two-percent target and fuelling expectations of a rate cut. The slowdown in inflation comes after energy prices fell sharply by 6.0 percent in September, compared with a drop of 3.0 percent in August, Eurostat data showed.
GBP/USD trades with mild losses below 1.3400 ahead of US PMI data
The GBP/USD pair struggles to gain ground around 1.3370 during the Asian session on Tuesday.
Dollar sturdy after Powell pushes back on aggressive easing bets
TOKYO : The U.S. dollar firmed against its major peers on Tuesday after Federal Reserve Chair Jerome Powell pushed back against bets on more supersized interest rate cuts.The yen steadied close to the middle of its range against the dollar over the past month, after a volatile two days as traders sized up
Shop prices continue moving into deflation in September
Shop prices continued to move into deflation in September, with a year-on-year decline of 0.6%, according to the British Retail Consortium-NielsenIQ Shop Price Index on Tuesday.
Eurozone inflation falls below 2% target boosting hopes of an interest rate cut
Oct. 1 (UPI) -- Inflation in the 20 European Union economies that use the euro slowed by 0.4% to 1.8% in September as an energy prices plunge that began in August gathered pace, according to official figures published Tuesday.
Pakistan's annual consumer price inflation slows to 6.9% in September
ISLAMABAD : Pakistan's annual consumer price inflation slowed to 6.9 per cent in September, data showed on Tuesday, the lowest in more than three years, as the government seeks to implement IMF conditions that many households fear will hit them hard financially.Annual inflation had slowed the previous mon
Japanese Yen holds losses as US Dollar remains solid ahead of ISM Manufacturing PMI
The Japanese Yen (JPY) continues to lose ground for the second successive day following the release of the Bank of Japan's (BoJ) Summary of Opinions from September’s Monetary Policy Meeting, along with mixed economic data on Tuesday.
Indonesian inflation at 1.84% in September, lowest rate since 2021
JAKARTA :Indonesian prices rose at their slowest rate in almost three years in September as the pace of food-price inflation eased, giving the central bank ample room to loosen monetary policy to stimulate economic growth.Annual inflation reached 1.84 per cent, Statistics Indonesia said on Tuesday. That was t
EUR: Can trade back below 1.110 – ING
The two-year EUR:USD swap rate continued to widen in favour of the dollar yesterday, and is now around -110bp, some 25bp below the -85bp mid-September levels, ING’s FX strategist Francesco Pesole notes.
Indonesian inflation at 1.84% in September, lowest rate since 2021
JAKARTA :Indonesian prices rose at their slowest rate in almost three years in September as the pace of food-price inflation eased, giving the central bank ample room to loosen monetary policy to stimulate economic growth.Annual inflation reached 1.84 per cent, Statistics Indonesia said on Tuesday. That was t
Gold price bulls have the upper hand; looks to US macro data for fresh impetus
Gold price (XAU/USD) ended in the red for the second straight day on Monday amid optimism over China's stimulus and the Federal Reserve (Fed) Chair Jerome Powell's relatively hawkish remarks.
USD/INR remains strong, Indian Manufacturing PMI eases to 56.5 in September
The Indian Rupee (INR) trades in negative territory for the third consecutive day on Tuesday.
BoJ Tankan: Large Manufacturing Index Unchanged In Q3
(RTTNews) - Large manufacturing in Japan was steady in the third quarter of 2024, the Bank of Japan's quarterly Tankan Survey of business sentimen...
Australian Dollar appreciates despite a stable US Dollar, ISM Manufacturing PMI eyed
The Australian Dollar (AUD) holds gains against the US Dollar (USD) on Tuesday, following better-than-expected Retail Sales data.
USD/JPY bulls look to seize control above 144.00, focus remains on key US macro data
The USD/JPY pair is seen building on the overnight goodish bounce from the 141.65 area, or a nearly two-week low and gaining traction for the second straight day on Tuesday.
NZD/USD weakens below 0.6350 on US Dollar recovery, eyes on US PMI data
The NZD/USD pair trades on a softer note around 0.6340, snapping the three-day winning streak during the early Asian session on Tuesday.
Headline inflation dips to 6.9% in September, lowest since 2021
Pakistan's Consumer Price Index inflation slumped to 6.9% year-on-year in September, its lowest since January 2021 and down from 9.6% in August, data from the Pakistan Bureau of Statistics showed...
Indonesia's Inflation Hits Three-Year Low, Boosts Rate Cut Bets
(Bloomberg) — Indonesia’s consumer prices rose at their slowest pace in nearly three years, making it likely the central bank could consider more easing this month amid easing food and fuel costs and growing concerns about tepid consumer demand.
Japan's Large Manufacturing Index remains unchanged at 13.0 in the third quarter (Q3) of 2024 – Tankan survey
Business confidence at large manufacturers in Japan remained steady in the third quarter (Q3) of 2024, according to the Bank of Japan's quarterly Tankan survey on Tuesday.
Asia-Pacific markets mixed after Powell signals smaller rate cuts; China markets closed for holiday
South Korea, Hong Kong and mainland Chinese markets are closed for a public holiday Tuesday.
EUR/USD churns in familiar territory ahead of EU inflation print
EUR/USD cycled familiar territory to kick off the new trading, holding north of the 1.1100 handle but failing to find any new territory on the high end.
USD/CAD trades stronger above 1.3500 as Fed’s Powell signals a slow approach to rate cuts
The USD/CAD pair gathers strength to near 1.3525 during the early Asian session on Tuesday.
GBP/USD grapples with 1.34 as markets weigh data outlook
GBP/USD cycled just south of the 1.3400 handle to kick off the new trading week, but intraday price action flubbed the key price level, closing back below the round figure barrier after cautionary statements from Federal Reserve (Fed) Chair Jerome Powell trimmed rate cut expectations and bolstered the Greenback.
last updated on 1 Oct 15:47