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British Pound recovers slight losses against US Dollar, JOLTS data eyed
The British Pound (GBP) claws back some of its early losses, but is still 0.14% down at around 1.3235 against the US Dollar (USD) during the European trading session on Tuesday.
New Zealand Dollar falls toward 0.5650 despite rising RBNZ rate hike bets
NZD/USD declines to around 0.5650 at the time of writing on Tuesday, down 0.25% on the day, and remains close to its lowest level since late June.
Brazil Inflation Index/IGP-M rose from previous -0.22%Â to 1.57% in September
Brazil Inflation Index/IGP-M rose from previous -0.22%Â to 1.57% in September
Gold steadies after sharp drop as traders assess Fed outlook, Middle East risks
Gold (XAU/USD) holds firm on Tuesday after suffering a sharp sell-off at the start of the week. The move appears to be a corrective bounce, as the broader narrative remains tied to expectations of further Federal Reserve (Fed) interest rate hikes.
Euro approaches yearly lows at 1.1324 against an unstoppable US Dollar
The Euro (EUR) keeps heading lower on Tuesday as a mix of high US Treasury yields, strong US macroeconomic data, and hopes of further Federal Reserve (Fed) rate hikes underpins speculative support for the US Dollar.
US Dollar: DXY approaches June high – BBH
Brown Brothers Harriman’s Elias Haddad notes the Dollar is edging higher against major currencies, with the DXY index approaching its June 24 high near 101.80.
Mexican Peso: USD/MXN rally nears forecast zone – Societe Generale
Societe Generale’s Latam strategy notes the Mexican Peso (MXN) is heading for its worst month since August 2024, with losses nearing 5% versus the Dollar as higher US yields weigh on risk sentiment.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $60.83 per troy ounce, down 0.24% from the $60.98 it cost on Monday.
RBA seen on extended hold – Standard Chartered
Standard Chartered Global Research discusses the Reserve Bank of Australia’s decision to raise the cash rate to 4.60% in a unanimous move, noting a dovish tone from Governor Bullock.
AUD/USD Price Forecast: Breaks below 61.8% Fibo retracement at 0.7010
The Australian Dollar (AUD) underperforms its major currency peers during the European trading session on Tuesday. The antipodean is down almost 0.4% below 0.7000 against the US Dollar (USD).
AUD/NZD: Underperformance bias with no further RBA hikes expected this year – TD Securities
TD Securities' Macro Research maintains a negative stance on the Australian Dollar relative to the New Zealand Dollar following the Reserve Bank of Australia’s September decision. With the cash rate at 4.60% and no further hikes expected this year, they see AUD underperformance persisting.
Japanese Yen steadies as intervention risks keep traders cautious
USD/JPY trades around 157.40 on Tuesday at the time of writing, virtually unchanged on the day.
RBA delivered a risk management hike – TD Securities
TD Securities Macro Research’s Reserve Bank of Australia (RBA) note argues that the September 25bps hike to 4.60% was a risk-management move rather than the start of a new tightening cycle. The team expects no further RBA hikes in 2026 and for policy to remain on hold through 2027.