Dhiraj Relli, MD and CEO, HDFC Securities said while they do not expect the RBI to start its rate cut cycle, the possibility of a change in stance to neutral is on the table

EUR/USD held steady on Tuesday, failing to recapture the 1.1000 handle but arresting Fiber’s recent backslide from the 1.1200 region.

The NZD/USD pair hits the monthly low near the round-level support of 0.6100 in Tuesday’s North American session.

The AUD/USD pair extends its losing streak for the fourth trading day on Tuesday.

The Reserve Bank of New Zealand (RBNZ) announces monetary policy overnight (0200 BST), and both markets and consensus are leaning in favour of a 50bp rate cut.

The European Central Bank (ECB) policymaker Martins Kazaks said on Tuesday, “data points to October interest rate cut.” Additional quotes Rates will fall and that will support the economy.

The EUR/USD pair extends its recovery to around 1.0985 on Tuesday during the early European trading hours.

The Reserve Bank of Australia (RBA) published the Minutes of its September monetary policy meeting on Tuesday, highlighting that the board members discussed scenarios for lowering and raising interest rates in the future.

EUR/USD continued its fall below 1.10 but the EUR’s undertone looks soft, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

The NZD/USD pair extends its losing spree for the fifth trading session on Monday.

Speculation has grown about the possibility of a rate cut or a shift in monetary policy, especially after the US Federal Reserve delivered an unexpected 50-basis-point cut in September 2024.

The 3-day Monetary Policy Committee (MPC) meeting will conclude on October 9. The outcome of the meeting is eagerly awaited as the RBI has kept the repo rate steady for the last nine consecutive months.