The US Dollar (USD) is staying relatively bid as the market digests the factors that have driven it 2% higher this month.

ECB VP Villeroy said the central bank will very probably lower rates at next week’s policy decision, in keeping with his and other policymakers’ comments that have made a 25bps cut all but certain (and all but priced in) for the 17th, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

The GBP/USD pair struggles to capitalize on the previous day's modest recovery gains and meets with a fresh supply during the Asian session on Wednesday.

The GBP/USD pair struggles to capitalize on the previous day's modest recovery gains and meets with a fresh supply during the Asian session on Wednesday.

European Central Bank (ECB) Governing Council member and Bank of France President, François Villeroy de Galhau, commented on the central bank’s next policy move on Wednesday.

EUR/USD is showing no inclination to trade back above 1.10, ING’s FX analyst Chris Turner notes.

The Euro (EUR) has nudged higher to near 1.10 this morning despite signs that even relative hawks on the ECB governing council may not oppose a rate cut late this month, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

With the USD weakening on concerns about the US economy, USD/CAD has naturally trended lower again.

The Pound Sterling (GBP) outperforms its major peers on Tuesday, with investors focusing on Middle East tensions driving market sentiment.

Frank Elderson, Vice-Chair of the Supervisory Board, European Central Bank (ECB) warned of economic growth risks materializing, in an interview with the Slovenian daily, Delo, on Tuesday.

Markets are virtually fully pricing in an ECB rate cut next week (23bp), but our economics team discusses here how the decision may well be much closer than the rates market suggests, ING’s FX analyst Francesco Pesole.

The Japanese Yen (JPY) remains on the front foot against its American counterpart for the second successive day on Tuesday and drags the USD/JPY pair away from its highest level since August 16 touched the previous day.

The Pound Sterling (GBP) outperforms its major peers on Tuesday, with investors focusing on Middle East tensions driving market sentiment.

Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser is speaking at the Walkley Foundation, in Sydney.

The start of the week has been quite mixed in FX, with the low-yielding JPY and CHF rising and the high-beta AUD and NZD under additional pressure, ING’s FX analyst Francesco Pesole notes.