Dollar Slips and Oil Falls as Markets Reprice Fed and Iran Risks
United States. The US dollar is strengthening against the Japanese yen today while posting moderate losses against the euro and the British pound.
Markets
28
October
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By Sagar Dua - 428
The AUD/USD pair is trading around 0.6565 amid expectations surrounding the upcoming meeting between Donald Trump and Xi Jinping in South Korea later this week, where the two leaders are expected to reach new agreements and potentially sign a deal.
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By Sagar Dua
- 488
The FTSE 100 index shows a short-term upward trend, trading around 9655.0 amid a correction in the bond market.
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By Sagar Dua
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EUR/USD. The euro is strengthening against the U.S. dollar, holding near 1.1665 as investors and forex traders refrain from opening new positions ahead of the U.S. Federal Reserve and European Central Bank meetings scheduled for Wednesday at 20:00 (GMT+2) and Thursday at 15:15 (GMT+2), respectively.
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By Sagar Dua
- 410
During the morning session, the USD/CAD pair remains near 1.3990 as investors refrain from opening new positions ahead of the upcoming monetary policy meetings of the Bank of Canada and the U.S. Federal Reserve, scheduled for tomorrow at 15:45 (GMT+2) and 20:00 (GMT+2), respectively. Both regulators are expected to cut interest rates by 25 basis points — to 2.25% in Canada and 4.00% in the U.S. Traders will focus on policymakers’ comments regarding future actions: U.S. officials may lower borrowing costs once more by year-end, while their Canadian counterparts are likely nearing the end of their easing cycle.
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By John Isige - 299
The British pound is gaining strength against the U.S. dollar, extending a modest bullish momentum formed earlier. The GBP/USD pair is testing the 1.3360 level for a potential breakout, while traders await fresh market catalysts.
27
October
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By Sagar Dua
- 316
The USD/CHF pair trades around 0.7966, showing readiness for a potential decline as the Swiss franc maintains its stability amid persistent safe-haven demand.
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By Sagar Dua
- 349
The USD/CAD pair is correcting around 1.3991, maintaining a generally stable trend amid positive macroeconomic data from Canada.
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By Sagar Dua
- 360
The U.S. dollar continues to strengthen against the Japanese yen, extending its bullish trend in the short term and trading near local February highs. The greenback remains in high demand even though most analysts expect the Federal Reserve to cut interest rates at Wednesday’s meeting. Moreover, following last week’s inflation data, the likelihood of more aggressive monetary easing—either this month or in December—has increased. However, the regulator currently lacks updated labor market data due to the ongoing government shutdown.
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By Sagar Dua
- 426
The XAU/USD pair is consolidating around the 4075.00 mark, awaiting new market drivers. Investors are focused on the upcoming U.S. Federal Reserve meeting scheduled for Wednesday, October 29.
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By Sagar Dua
- 310
EUR/USD. The euro shows mixed performance against the U.S. dollar, testing the 1.1620 level for a downward breakout as traders remain cautious ahead of the release of Germany’s October IFO business climate data at 11:00 (GMT+2).
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By Sagar Dua
- 431
The Australian dollar is gaining value against the U.S. dollar, testing the 0.6530 level for an upward breakout, while overall market activity remains restrained as traders await new movement drivers.
24
October
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By Sagar Dua
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United States. The U.S. dollar weakens against the euro and the pound while showing mixed performance against the yen.
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