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.
United States of America. The US dollar is strengthening against the euro and the pound, while showing mixed dynamics versus the yen.
The so-called “Shocktober” shook Bitcoin, Ethereum, and other cryptocurrencies hard. Here’s what investors need to know to stay prepared.
EUR/USD. The euro shows slight growth against the U.S. dollar, testing the 1.1670 level for an upside breakout. Forex investors are focused on September data from Germany, where the Producer Price Index slowed its annual decline from –2.2% to –1.7% and the monthly rate from –0.5% to –0.1%, while markets had expected a 0.1% increase.
United States. The U.S. dollar shows mixed performance against the yen, pound, and euro.
The leading U.S. equity benchmark, the S&P 500 index, is trading near 6584.0.
After reaching 153.23 last week, the USD/JPY pair entered a downward correction amid the third consecutive week of the U.S. government shutdown. The absence of updated economic data prevents officials from assessing the impact of consumer and wholesale inflation, GDP, and other key indicators—complicating monetary policy decisions.
Shares of graphics processor manufacturer Nvidia Corp. are trading in a corrective trend around the 182.00 level.
EUR/USD. The European currency is gaining value in the EUR/USD pair, attempting to consolidate above 1.1715. The instrument received a bullish impulse in the forex market after the positive outcome of two parliamentary votes in France.
United States. The U.S. dollar is losing value against the euro and the pound but shows mixed dynamics versus the yen.
The USD/JPY pair is consolidating near 151.15 in a sideways trend as the yen returns to neutral momentum after last week’s decline. The correction follows the victory of Japan’s Liberal Democratic Party in parliamentary elections, which nominated Sanae Takaichi as prime minister. Known for her dovish stance and continuity with former leader Shinzo Abe, her appointment signals that any monetary tightening by the Bank of Japan could once again be postponed.
EUR/USD. The euro resumed its upward movement this week and is currently trading near 1.1660, supported by expectations of further monetary easing voiced by several Federal Reserve officials over the past few days.
GBP/USD. The pound is strengthening against the U.S. dollar, holding near the local highs reached on October 7, as investors focus on UK macroeconomic data. The country’s GDP rose by 0.1% in August, as expected, after a decline of –0.1% in the previous month. Industrial production increased by 0.4% m/m after a 0.4% fall earlier, while the annual figure corrected to –0.7% from –0.1%. The services activity index remained stable at 0.4%.
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