Market News
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Gold gains on geopolitics as Fed hike bets shift to December
Gold (XAU/USD) price edges higher on Thursday, underpinned by lower US Treasury yields and a weaker US Dollar, even as Federal Reserve (Fed) officials support further tightening by the US central bank. At the time of writing, XAU/USD trades at $4,130, up 0.48%, after bottoming near $4,103.
Chinese Yuan: Upside bias within defined band against US Dollar â UOB
UOB strategists Quek Ser Leang and Lee Sue Ann describe USD/CNH as holding largely unchanged, but with a slight increase in downward momentum. Intraday, they see the bias tilted lower toward 6.6950, with resistance at 6.7055 and 6.7100 and a clear break below 6.6950 deemed unlikely. Over 1â3 weeks, they expect USD/CNH to trade between 6.6950 and 6.7270, while over 1â3 months they anticipate gradual downside as long as it stays below the cloud near 6.7815.
Mexican Peso dives on solid US data despite rising inflation
The Mexican Peso (MXN) depreciates about 0.91% against the US Dollar (USD) on Thursday amid positive US data, while Bank of Mexico (Banxico) minutes from last meeting indicated inflation edging higher, a trend confirmed by the September print.
Taiwan Dollar: Trade boom contrasts FX stability â ING
INGâs Lynn Song highlights Taiwanâs record trade performance, with the September surplus hitting US$23.6bn on a 60.9% year-on-year export surge, largely driven by tech-related machinery and electrical equipment. Despite strong exports, equities and foreign inflows, the Taiwan Dollar has remained relatively subdued, reflecting outward corporate investment, capital outflows due to yield differentials, and active FX stability measures by Taiwanâs central bank.
Forex Today: US flash Consumer Sentiment and Canadian jobs in the limelight
A sudden bout of selling pressure has weighed on the US Dollar (USD) on Thursday, motivating it to abandon the area of recent tops, all in response to comments from President Donald Trump and the subsequent pullback in crude Oil prices.
Malaysian Ringgit: Fiscal anchor case â MUFG
MUFGâs Lloyd Chan previews Malaysiaâs Budget 2027, highlighting that prior fiscal reforms and subsidy rationalization provide a buffer against higher Oil prices.
Fed's Musalem signals more tightening as inflation stays elevated
St. Louis Federal Reserve (Fed) President Alberto Musalem said on Thursday that inflation is elevated and that to bring it back to the 2% goal, âmore monetary policy firming will be required.â
Japanese Yen finds relief as Trump rules out Iran strikes before midterms
USD/JPY edges lower on Thursday as a pullback in US Treasury yields pauses the Greenbackâs advance, giving the Japanese Yen (JPY) some breathing room. Traders assess fresh Middle East developments and central bank signals. At the time of writing, the pair trades around 157.71, down 0.24% on the day.
Singapore Dollar: Further weakness possible against US Dollar â UOB
UOB strategists Quek Ser Leang and Lee Sue Ann note that USD/SGD rebounded to 1.2810 before closing at 1.2797. While upward momentum is rebuilding, it remains insufficient to signal a sustained advance. The pair could edge above 1.2810, but the major resistance at 1.2835 is unlikely to be reached.
United States 30-Year Bond Auction increased to 5.62% from previous 5.308%
United States 30-Year Bond Auction increased to 5.62% from previous 5.308%
US President Trump rules out Iran strike before midterms, talks resume
US President Donald Trump posted on his Truth Social account that discussions with Iran continue and that the US will not attack Iran at any time prior to the midterm elections, held on November 3.
Dollar Index flatlines as Fed Governor Waller puts no date on more hikes
102.50 has stopped the Dollar Index on Monday, Wednesday and Thursday, and a call for more rate hikes from Fed Governor Waller on Thursday didn't get it any further. The index trades near 102.30, inside the range it has held since October 1.
Crude Oil grinds higher on record tanker attacks and Houthi missiles
Gulf Crude Oil exports got back to their pre-war level in September by two routes, a tanker shuttle across the Strait of Hormuz and a detour around it, and both have come under attack since September. Crude Oil trades just above $92.00, on track for its biggest one-day rise since September 10.