EUR/USD trades close to a fresh 11-week low near the round-level support of 1.0800 in Tuesday’s North American session.

USD/CHF offers its gains from the previous session, trading around 0.8650 during the early European hours on Tuesday.

The US Dollar (USD) slightly retraces on Tuesday following a small sprint higher on Monday that drove the US Dollar Index (DXY), which gauges Greenback’s value against six major currencies, to a fresh 11-week high after US equities retreated from their all-time highs.

The USD/CAD pair consolidates in a tight range above the round-level support of 1.3800 in Tuesday’s European session.

The US Dollar (usd) is trading flatter against its major currency peers as DXY gains show some—tentative—signs of stalling around the 104 area (which was the upper end of the range I suggested the DXY could reach at the start of the month as the index started to show signs of gaining momentum), Scotiabank’s Chief FX Strategist Shaun Osborne notes.

AUD/JPY continues to gain ground for the second successive session, hovering around 100.90 during the European trading hours on Tuesday.

Crude Oil tries to hold ground and orbits around the $70.00 level on Tuesday. The pressure on Oil’s price comes from markets repricing the US Federal Reserve (Fed) interest rate cut projections in the near future. With decreasing odds of an aggressive

Here is what you need to know on Tuesday, October 22: Following a quiet start to the week, the US Dollar (USD) gathered strength in the American trading hours on Monday, with the USD Index reaching its highest level since early August above 104.00.

:The U.S. dollar was just off a 2-1/2 month high on Tuesday on expectations the Federal Reserve will take a measured approach in easing its policy, while a too-close-to-call U.S. election campaign kept investors on edge.The dollar's strength, boosted by rising Treasury yields, kept pressure on the yen, euro a

The EUR/USD pair enters a bearish consolidation phase during the Asian session on Tuesday and oscillates in a range around the 1.0820 region, just above its lowest level since early August touched the previous day.

Gold price (XAU/USD) attracts some dip-buying during the Asian session on Tuesday and remains within the striking distance of a fresh record peak, around the $2,740-2,741 area touched the previous day.

The US Treasury selloff is adding fuel to the US Dollar (USD) rally, ING’s FX analyst Francesco Pesole notes.

China cut the 1Y and 5Y LPR by 25bps on Monday to 3.10% and 3.60% respectively.

The AUD/USD pair rebounds strongly from the key support of 0.6650 in Tuesday’s European session.

Stocks slumped Tuesday amid rising bond yields. Investors are adjusting outlooks for interest rate cuts from the Fed. On the earnings front, Tesla, UPS,

The USD/CAD pair oscillates in a narrow band around the 1.3830 region during the Asian session on Tuesday and remains well within the striking distance of its highest level since August 6 touched the previous day.

The Japanese Yen (JPY) edges higher against its American counterpart during the Asian session on Tuesday and reverses a part of the previous day's slide to the lowest level since late July.

NZD/USD may face challenges due to dovish sentiment surrounding the RBNZ’s policy outlook.

The Australian Dollar (AUD) retraces its recent losses against the US Dollar (USD) on Tuesday.

The S&P 500 slipped 0.2% on Monday, Oct. 21, as investors geared up for a rush of weekly earnings reports.

The AUD/USD pair has declined in the Monday session, following consistent gains in the US Dollar.

The US Dollar accelerated its uptrend and traded at shouting distance from the area of three-month highs on the back of higher yields and the resumption of the “Trump trade” among market participants.

The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, is slightly higher at the start of the week, supported by safe-haven flows amid geopolitical tensions.

The Dow Jones Industrial Average (DJIA) backslid on Monday, tumbling 300 points and shedding seven-tenths of one percent as equity markets ease back from recent record highs.

EUR/JPY is trading at the top of a ten-week range in the upper 162.00s on Monday as the Euro (EUR) retains strength after comments from a European Central Bank (ECB) official suggested policymakers may not be in such a rush to lower interest rates whilst the Japanese Yen (JPY) remains under pressure following the release of lower-than-expected inflation data last week.

The USD/CHF pair drops to near 0.8630 from the two-month high of 0.8370 in Monday’s North American session.

The AUD/JPY pair continues to edge lower for the second consecutive session, trading near 100.20 during European trading hours on Monday.

The AUD/USD pair extends its recovery to near 0.6715 during the early Asian session on Monday.

The Australian Dollar (AUD) offered its intraday gains and edged lower against the US Dollar (USD) on Monday.

Asian equities were mixed overnight as Mainland China outperformed and the US dollar strengthened.

European Central Bank (ECB) policymaker and Slovakian central bank Governor Peter Kazimir said on Monday that they will be in a "strong and comfortable position" to continue the policy-easing cycle if the accelerated pace in disinflation is confirmed, per Reuters.

European Central Bank (ECB) Governing Council member Gediminas Šimkus said on Monday, “if disinflation gets entrenched, rates could get lower than the natural level.” Additional quotes The disinflation trend is on a stable track.

The EUR/JPY cross attracts some sellers to around 162.15 during the early European session on Monday.

EUR/USD struggles to extend Friday’s recovery above the immediate resistance of 1.0870 in Monday’s North American session.

The US Dollar (USD) remains firm, supported by softer risk appetite and rising US Treasury yields, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

The GBP/USD pair struggles to capitalize on a two-day-old recovery move from the 1.2975 area, or a nearly two-month trough touched last Thursday and kicks off the new week on a softer note.

The GBP/USD pair struggles to capitalize on modest recovery gains registered over the past two days and oscillates in a narrow range, around the 1.3050-1.3045 region during the Asian session on Monday.

Gold price (XAU/USD) builds on Friday's breakout momentum above the $2,700 mark and gains some follow-through traction for the fifth successive day at the start of a new week.

The Japanese Yen (JPY) kicks off the new week on a slightly positive note against its American counterpart and looks to build on Friday's modest recovery from the vicinity of the lowest level since early August.

The NZD/USD pair trades in positive territory near 0.6075 during the early Asian session on Monday.

GBP/USD stays under modest bearish pressure and declines toward 1.3000 to start the new week, after posting daily gains on Thursday and Friday.

The Pound Sterling (GBP) fell for the third consecutive week against the US Dollar (USD), as the GBP/USD pair tested levels below the 1.3000 round level for the first time since mid-August before staging a late recovery.

Reserve Bank of Australia (RBA) Deputy Governor Hauser spoke at the CBA 2024 Global Markets Conference in Sydney on Monday.

The USD/CAD pair extends its winning spree for the third trading session on Monday.

USD/CAD continues to gain ground as the Canadian Dollar (CAD) receives downward pressure ahead of the Bank of Canada (BoC) interest rate decision scheduled for Wednesday.

The USD/CHF pair trades on a firmer note near 0.8655 on Monday during the early European trading hours.

West Texas Intermediate (WTI), futures on NYMEX, bounces back to near $70.00 in Monday’s European session.