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.
United States. The US dollar is strengthening against the Japanese yen today while posting moderate losses against the euro and the British pound.
EUR/USD. The euro is gaining value against the U.S. dollar, correcting after a short-term downtrend that has persisted since the start of the week. The pair is testing the 1.1600 level for an upward breakout as traders await new market catalysts.
EUR/USD. The European currency is gaining value in the EUR/USD pair, correcting after a short-term downward trend that has persisted since the start of the week. The instrument is testing the 1.1600 level for an upward breakout as traders await new market drivers.
The New Zealand dollar is showing mixed dynamics against the U.S. dollar, consolidating near highs from October 16. The pair is testing the 0.5750 level for an upward breakout as traders assess the latest macroeconomic data from New Zealand.
The British pound shows a slight decline against the US dollar, testing the 1.3370 level for a downside breakout. The pair is maintaining a firm short-term bearish trend, retreating from local highs seen on October 7 and earlier this week.
Bank of America Corp. shares, one of the largest banking and analytical institutions in the U.S., are trading at 52.00.
United States. The U.S. dollar is gaining value against major competitors — the euro, yen, and pound.
The USD/CAD pair has consolidated above the May high near 1.4015 amid continued oil price declines and rising U.S. tariff revenues.
The NZD/USD pair is consolidating around 0.5728 following the Reserve Bank of New Zealand’s (RBNZ) decision to cut the key interest rate by 50 basis points amid rising inflation in Q3.
During the morning session, Brent Crude Oil prices are attempting to recover from the May 6 lows updated the previous day, trading below the 60.00 mark. However, there are still few drivers for a sustained upward move.
The Australian dollar shows a modest decline in the AUD/USD pair, correcting after the upward momentum seen earlier: the instrument is testing the 0.6500 mark for a downside breakout, while investors are in no hurry to open new positions until fresh market drivers emerge. In Australia, October business activity data will be released on Friday at 00:00 (GMT+2), followed by a speech by Reserve Bank of Australia (RBA) Governor Michele Bullock at 02:05 (GMT+2).
The U.S. dollar is gaining in the USD/JPY pair, extending its short-term bullish trend as the instrument tests the 151.20 mark for an upside breakout.
EUR/USD. The euro is showing a modest decline in EUR/USD, testing 1.1620 for a downside breakout as market activity remains muted. Yesterday, forex investors and traders focused on Germany’s September producer inflation: the annual drop in the Producer Price Index slowed from –2.2% to –1.7% versus a –2.0% forecast, and the monthly print improved from –0.5% to –0.1% versus expectations for 0.1%, reflecting stable dynamics.
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