News

PBOC sets USD/CNY reference rate at 7.1013 vs. 7.1027 previous

On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1013 compared to the previous day's fix of 7.1027 and 7.1021 Reuters estimate.

Source  Fxstreet1758071731
USD/JPY tumbles below 146.50, all eyes on Fed rate decision

The USD/JPY pair remains under some selling pressure around 146.45 during the early Asian session on Wednesday. The US Dollar (USD) weakens against the Japanese Yen (JPY) as investors continue to assess the likelihood of extra interest rate cuts by the Federal Reserve (Fed) in the next few months.

Source  Fxstreet1758063344
NZD/USD breaks higher, inches toward 0.60

NZD/USD climbed through key technical resistance on Tuesday, chalking in another bullish candle and grinding closer toward the 0.6000 handle as the Greenback tumbles across the board.

Source  Fxstreet1758062623
EUR/USD surges to 1.1878, highest since 2021, as Fed cut bets sink Dollar

The EUR/USD rallied to a four-year high of 1.1878 on Tuesday as investors ditched the Dollar on increased bets that the Federal Reserve will resume its easing cycle this week. The pair trades at 1.1865, up almost 0.90% at the time of writing.

Source  Fxstreet1758061923
EUR/JPY rallies for second day as bullish setup targets 178.00

The EUR/JPY trends higher for the second straight day, hits a six-day high of 173.83 as the technical picture, suggests that further upside is seen. At the time of writing, the cross-pair trades at 173.80, up 0.25%.

Source  Fxstreet1758061874
European Commission President Ursula von der Leyen agrees to pressure Russia

European Commission (EC) President Ursula von der Leyen acknowledged she communicated with United States (US) President Donald Trump, and will instruct the EC to accelerate proposals to clamp down on Russian market access in retaliation for failing to reach a peacefire agreement with Ukraine.

Source  Fxstreet1758058042
AUD/USD continues bullish climb, taps 47-week high

AUD/USD extended into another bullish candle on Tuesday, extending the Australian Dollar’s (AUD) recent bull run against a broad-market Greenback selloff.

Source  Fxstreet1758057842
Canadian Dollar extends gains as Greenback falters

The Canadian Dollar (CAD) stepped into a second straight day of firm gains against the US Dollar (USD) on Tuesday.

Source  Fxstreet1758046704
USD/CHF plunges to 14-year low as Fed easing bets hammer the US Dollar

The Swiss franc (CHF) surges to multi-year highs against the US Dollar (USD) on Tuesday as the Greenback faces intense selling pressure. The USD/CHF pair is trading around 0.7862 at the time of writing, down nearly 1.0% on the day and marking its lowest level since September 2011.

Source  Fxstreet1758045772
Forex Today: It’s all about the Federal Reserve

The US Dollar (USD) accelerated its decline on Tuesday, hitting levels last seen in early July as investors continued to assess the likelihood of extra interest rate cuts by the Federal Reserve in the next few months.

Source  Fxstreet1758045458
GBP/USD jumps past 1.3640 as Dollar hits 10-week low ahead of Fed

The Pound Sterling advances over 0.30% as the Greenback drops to a ten-week low, according to the US Dollar Index (DXY). The two-day meeting by the Federal Open Market Committee (FOMC) begins on Tuesday, at which the Fed is expected to reduce interest rates.

Source  Fxstreet1758037126
USD/JPY sinks to one-week low ahead of Fed interest rate decision, BoJ in focus

The Japanese Yen (JPY) is extending its advance against the US Dollar (USD) on Tuesday, with the USD/JPY pair falling for a second consecutive day. At the time of writing, USD/JPY is trading around 146.56, down nearly 0.55% on the day and marking its lowest level since September 9.

Source  Fxstreet1758037053
USD/CAD weakens as soft Canada CPI cements BoC rate cut bets

The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on Tuesday, with USD/CAD extending losses for the second straight day and dropping to its lowest level since September 1.

Source  Fxstreet1758031566
U.S. Stocks Thrive on a Weak Dollar: Deutsche Bank Highlights Dollar-Hedged ETFs

TradingKey - After U.S. tariffs sparked a wave of “de-dollarization,” the dollar has remained weak while U.S. stocks continue to hit record highs — a divergence that has drawn attention. On Tuesday, a

Source  Tradingkey1758029864
EUR/USD holds firm above 1.1800 as strong US Retail Sales limits Dollar downside

The Euro (EUR) came under mild pressure against the US Dollar (USD) during the American session on Tuesday, as upbeat US economic data tempers risk appetite and lifts the Greenback modestly off recent lows.

Source  Fxstreet1758028220
EUR is outperforming on ZEW surprise – Scotiabank

The Euro (EUR) is strong, up 0.4% against the US Dollar (USD) and outperforming all of the G10 currencies on the back of a better than expected ZEW investor sentiment survey.

Source  Fxstreet1758025533
CAD up marginally into CPI – Scotiabank

The Canadian Dollar (CAD) is entering Tuesday’s NA session with a modest gain as it seeks to extend Monday’s rally, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.

Source  Fxstreet1758025189
AUD/USD holds onto gains near 0.6670 as US Dollar declines further

The AUD/USD trades firmly near its Monday’s high around 0.6670 during the European trading session on Tuesday.

Source  Fxstreet1758023007
GBP/USD edges higher on USD weakness – BBH

Pound Sterling (GBP) gained modestly against the dollar but underperformed the euro as stagnant productivity, soft labor demand, and sticky wage growth underscore the UK’s stagflation risk, BBH FX analysts report.

Source  Fxstreet1758019451
EUR/USD targets July high at 1.1829 – BBH

EUR/USD is firming toward its July high as resilient Eurozone data and a steady ECB policy stance underpin the uptrend, while relative Fed dovishness continues to favor the euro, BBH FX analysts report, BBH FX analysts report.

Source  Fxstreet1758018865
USD/CAD languishes below 1.3780 ahead of Canadian and US data releases

The US Dollar extends losses on Tuesday after a nearly 0.5% decline on Monday. Bears are focusing on 10-day lows, at 1.3760, with upside attempts capped below 1.3780 as the market awaits Canadian CPI and US Retail sales to frame interest rate decisions later this week.

Source  Fxstreet1758017871
USD/JPY: Likely to trade in a range between 147.00 and 147.60 – UOB Group

US Dollar (USD) is likely to trade in a range between 147.00 and 147.60. In the longer run, a narrower range of 146.20/148.50 is likely enough to contain the price movements for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Source  Fxstreet1758017548
NZD/USD might break above 0.5990 – UOB Group

Firmer underlying tone is likely to lead to New Zealand Dollar (NZD) trading in a higher range of 0.5955/0.5980. In the longer run, NZD could break above 0.5990; the scope for further advance may be limited, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Source  Fxstreet1758016426

Germany 5-y Note Auction down to 2.29% from previous 2.32%

Source  Fxstreet1758015836
GBP: Jobs data won't dent hawkish BoE – ING

We've just seen the release of UK jobs data for August. Unlike in the US, where the 'solid' labour market crumbled this summer, payrolled job losses were only a modest 8k in August.

Source  Fxstreet1758014007
AUD/USD: Unlikely to reach 0.6700 – UOB Group

Australian Dollar (AUD) is likely to continue to edge higher, but it is unlikely to reach 0.6700. In the longer run, the price action continues to suggest a higher AUD; the next level to watch is 0.6700, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Source  Fxstreet1758013392

Eurozone Industrial Production w.d.a. (YoY) came in at 1.8%, above forecasts (1.7%) in July

Source  Fxstreet1758013299

Eurozone Industrial Production s.a. (MoM) below forecasts (0.4%) in July: Actual (0.3%)

Source  Fxstreet1758013297

Eurozone ZEW Survey – Economic Sentiment above forecasts (20.3) in September: Actual (26.1)

Source  Fxstreet1758013273

Germany ZEW Survey – Economic Sentiment registered at 37.3 above expectations (27.3) in September

Source  Fxstreet1758013267
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