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Canadian Dollar: Consolidation near 1.42s against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret highlight that USD/CAD around 1.4269 shows signs of consolidation after a sharp Canadian Dollar (CAD) weakening since early September. Price action is closely tracking the 2-year US–Canada spread, with Oil offering some support to CAD.
European Central Bank: Neutral communication with upside inflation risks – Nordea
Nordea’s Chief Analyst Jan von Gerich interprets the ECB’s September monetary policy account as supporting further rate hikes, likely in December and March. The Governing Council remains focused on upside inflation risks, especially from persistent energy shocks and resilient growth.
Federal Reserve: More hikes ahead after October pause - UOB
UOB’s Alvin Liew analyzes the September 2026 FOMC minutes, highlighting unanimous support for a 25bp hike to 3.75–4.00% as inflation stays elevated and growth remains solid.
Russia Central Bank Reserves $ came in at $733.2B, above forecasts ($0B)
Russia Central Bank Reserves $ came in at $733.2B, above forecasts ($0B)
BoE’s Bailey calls for stronger financial markets to absorb future shocks
Bank of England (BoE) Governor Andrew Bailey said on Thursday that financial markets need to be better prepared for future shocks and monetary policy must stay focused on bringing inflation back to target.
Euro: French debt risk weighs on EUR against US Dollar – ING
Chris Turner at ING highlights that EUR/USD remains fragile as French sovereign debt volatility drives the pair. A report suggesting the French Treasury may shorten issuance duration unsettled investors, who fear reduced pressure on politicians to deliver fiscal consolidation. ING continues to favor a dip in EUR/USD towards the 1.1100/1.1120 area, where stronger technical support may emerge, with French fiscal debates only starting mid-October.
ECB expected to pause in October before hiking rates in December – Reuters poll
The European Central Bank (ECB) is expected to leave interest rates unchanged in October before delivering another increase in December, according to a Reuters poll conducted October 5-8.
US Initial Jobless Claims dropped to 197K last week
According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance decreased to 197K for the week ending October 3.
United States Continuing Jobless Claims came in at 1.716M, above expectations (1.71M) in September 25
United States Continuing Jobless Claims came in at 1.716M, above expectations (1.71M) in September 25
United States Initial Jobless Claims 4-week average: 198K (October 2) vs previous 200K
United States Initial Jobless Claims 4-week average: 198K (October 2) vs previous 200K
United States Initial Jobless Claims registered at 197K, below expectations (200K) in October 2
United States Initial Jobless Claims registered at 197K, below expectations (200K) in October 2
Europe: Sovereign stress and China trade tensions – Rabobank
Rabobank’s RaboResearch Global Economics & Markets team underscores renewed pressure in European sovereign yields and rising political-economic tensions with China. The report notes sharp moves in French, Italian and Greek bonds and discusses Europe’s struggle with Chinese hybrid vehicle imports.
Euro slips against British Pound on France’s fiscal concerns, central bank signals
EUR/GBP struggles to attract buyers and edges lower on Thursday, remaining on the back foot for a tenth consecutive day as France’s political and budget concerns keep the Euro (EUR) under pressure against major currencies. Traders also assess central bank remarks from both sides of the Channel.