UOB’s Quek Ser Leang and Lee Sue Ann analysts report that EUR/USD was little changed around 1.1620 on Monday, but note a slight pickup in upward momentum.

EUR/GBP rebounds on Tuesday after slipping to a six-day low earlier in the day. The recovery comes as the British Pound (GBP) weakens against most of its major peers following cautious remarks from Bank of England (BoE) Governor Andrew Bailey.

Brown Brothers Harriman’s (BBH) Elias Haddad highlights that USD/JPY briefly hit a seven‑month low near 152.89 before rebounding above 154.00, with support around 152.00 and resistance at 155.00.

Scotiabank strategists Shaun Osborne and Eric Theoret describe GBP/USD as slightly softer but supported by expectations of further Bank of England (BoE) tightening into year-end.

USD/JPY holds just below 154.50, unchanged on the day after a 153-pip round trip. The pair traded well over a Yen lower on the strongest Japanese pay data since 1997 and has bought back all of it. Nothing about the wage number disappointed, and everything about it was already in the price.

USD/CAD rebounds on Tuesday after hitting an intraday low of 1.3760 and trades around 1.3790 at the time of writing, down 0.18% on the day.

EUR/USD holds above 1.1600 after a session that has covered 28 pips and left the pair half a pip from where it opened. European gas hit a three-year high on the same clock, and the European Central Bank (ECB) is expected to raise the deposit rate on Thursday. The pair has priced both at nothing.

The Pound Sterling registers modest gains of over 0.08% as Bank of England (BoE) policymakers testify before the UK Treasury Select Committee, while a light economic docket in the US keeps the Greenback with a negative tone. The GBP/USD trades at 1.3548 after bouncing off the daily low of 1.3521.

AUD/USD holds firm on Tuesday as the US Dollar (USD) struggles to gain traction, while the Reserve Bank of Australia’s (RBA) hawkish stance further supports the Australian Dollar (AUD).

Scotiabank strategists Shaun Osborne and Eric Theoret note that the Canadian Dollar (CAD) is trading close to its fundamental equilibrium, with USD/CAD hovering near fair value around 1.38.

Societe Generale’s Kenneth Broux highlights a sharp USD/JPY pullback, with the pair breaking key graphical support at 155 and trading below its 200-day moving average. The bank flags resistance near 156.25 and downside objectives at 152.00/151.60 and 149.50.

TD Securities remains constructive on South African Rand (ZAR), noting that domestic headwinds have failed to generate sustained weakness and that USD/ZAR’s downtrend remains intact.

Scotiabank strategists Shaun Osborne and Eric Theoret report that the Euro (EUR) is little changed near the low 1.16s as markets await Thursday’s European Central Bank (ECB) meeting, where a 25 bps hike and a hawkish tone are anticipated.

NZD/USD declines 0.37% on Tuesday, trading around 0.5855 at the time of writing. The New Zealand Dollar (NZD) remains under pressure following the release of mixed trade data from China, New Zealand’s largest trading partner.

DBS Group Research economist Philip Wee notes that the Japanese Yen (JPY) has become the best-performing US Dollar Index (DXY) currency in 2026, with USD/JPY falling below its end-2025 level of 156.70.

National Bank of Canada's (NBC) Marion and Dahms highlight a strong Canadian Dollar (CAD) rally in Q3, driven by positive data and higher Oil and Gold prices, which pushed USD/CAD briefly below 1.38. They warn that new U.S. tariffs and trade uncertainty raise downside risks to Canadian growth.

TD Securities highlights that BRL faces elevated election-related risks, with USD/BRL having tested its 200-day SMA resistance over the past month. Drawing parallels with 2014, the bank sees risks skewed toward higher USD/BRL as markets remain concerned about Brazil’s fiscal outlook.

EUR/USD trades virtually flat near 1.1623 during American trading hours on Tuesday. The US Dollar (USD) struggles to hold its earlier gains, helping the Euro (EUR) recover from its intraday low.

TD Securities argues Canadian Dollar (CAD) is set to gain prominence as a global carry funding currency, with its carry/vol profile already comparable to Japanese Yen (JPY).

USD/JPY has suffered a sharp technical breakdown below the key 155.00 psychological threshold, extending losses toward 153.00 amid thin holiday liquidity, unwinding carry trade positions, and renewed political focus on Japan's monetary framework.

GBP/JPY rebounds on Tuesday as the Japanese Yen (JPY) loses momentum following its sharp rise since the start of the month. At the time of writing, the cross trades around 208.90 after briefly falling to 207.10, its lowest level since December 2025.

The Canadian Dollar (CAD) is giving back previous daily gains against the US Dollar (USD) on Tuesday, as the risk-off mood amid escalating tensions in the Middle East offsets the positive impact of higher Crude prices on the commodity-sensitive Loonie.

Brown Brothers Harriman’s (BBH) Elias Haddad notes AUD/USD is holding above 0.7200 as Australian sentiment softens but inflation keeps the Reserve Bank of Australia (RBA) on alert.

ING strategists Francesco Pesole, Frantisek Taborsky and Chris Turner argue that the recent Japanese Yen rally against the Dollar has been driven by optimistic expectations on Bank of Japan tightening and GPIF flows, amplified by thin US holiday liquidity.

The Euro (EUR) is down 0.1% at around 1.1610 against the US Dollar (USD) during the European trading session on Tuesday. The major currency pair trades lower as the US Dollar turns positive after a weak start.

MUFG’s Teppei Ino notes that USD/JPY has fallen below the bank’s 155 forecast floor, briefly trading under 154.50 and testing key Fibonacci retracement levels.

Michael Pfister at Commerzbank highlights that the Mexican Peso has strengthened, with USD/MXN back below 17, helped by a weaker Dollar and Mexico’s strong performance among major currencies.

The Australian Dollar (AUD) is down 0.13% to near 0.7210 against the US Dollar (USD) during the European trading session on Tuesday. The Aussie pair comes under pressure as the US Dollar turns positive after a weak start.

The GBP/JPY cross continues to lose ground for the second straight day – also marking the fourth day of a fall in the previous five – and drops to the 207.00 neighborhood, or a fresh year-to-date (YTD) low earlier this Tuesday.

The New Zealand Dollar extends losses against the US Dollar (USD) on Tuesday, weighed by the risk-off mood amid escalating tensions in the Middle East and rising Oil prices.