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Eurozone Retail Sales (MoM) below expectations (0.2%) in August: Actual (0.1%)
Eurozone Retail Sales (MoM) below expectations (0.2%) in August: Actual (0.1%)
Australian Dollar: Oversold conditions limit losses against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that AUD/USD outperformed on Monday, closing near 0.6970 after a modest rebound. Intraday, they see scope for slight gains but expect the pair to stay capped below 0.6985.
British Pound bounces off 1.3200 amid modest USD pullback; lacks bullish conviction
The GBP/USD pair attracts some dip-buyers near the 1.3200 mark on Tuesday and hits a fresh daily high during the first half of the European session.
Brazilian Real: Bolsonaro boost faces parliamentary constraints – Commerzbank
Commerzbank’s Norman Liebke notes the Brazilian Real (BRL) strengthened about 4% as USD/BRL fell from 5.2 to 5 on F. Bolsonaro’s election lead. He cautions that despite gains by Partido Liberal and other conservatives, Bolsonaro would still lack outright majorities and remain reliant on alliances.
United Kingdom S&P Global Construction PMI came in at 46.1, above forecasts (45.4) in September
United Kingdom S&P Global Construction PMI came in at 46.1, above forecasts (45.4) in September
ECB’s Rehn: High long-term rates contributing to a slowdown in growth
The comments from European Central Bank (ECB) official and Finnish Central Bank Governor Olli Rehn released during the European trading session on Tuesday signal economic warnings due to higher long-term interest rates.
Japanese Yen: Pares gains against US Dollar but BoJ outlook supportive - MUFG
MUFG’s Lee Hardman notes that the Japanese Yen has softened after a Bloomberg report on the GPIF’s September meeting, lifting USD/JPY back above 158.00.
Euro: Downside risks with 1.1100 in sight against US Dollar – ING
Francesco Pesole at ING highlights that the Euro (EUR) is under pressure from French bond market turbulence, which is adding a fiscal risk premium and driving a repricing lower in European Central Bank (ECB) rate expectations.
Indonesian Rupiah moves little as US Dollar (USD) remains steady amid safe-haven demand
USD/IDR remains steady after registering minor gains in the previous day, trading around 17,930 during the European hours on Tuesday.
Swiss Franc weakens as US Dollar (USD) gains on escalating geopolitical conflicts
USD/CHF extends its gains for the second successive day, trading around 0.8320 during European hours on Tuesday. The pair is moving higher as the US Dollar (USD) gains momentum, largely driven by a surge in safe-haven demand amidst escalating geopolitical conflicts.
Forex Today: US Dollar clings to bullish stance ahead of mid-tier data releases
Here is what you need to know on Tuesday, October 6:
Swiss Franc: Range-bound within 0.8245–0.8365 band against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann describe USD/CHF as consolidating after failing to extend lower, with Monday’s session confined to a narrow range around 0.8310. Intraday, they expect further sideways trading between nearby support and resistance.
Switzerland Unemployment Rate s.a (MoM) came in at 3.1%, above expectations (0%) in September
Switzerland Unemployment Rate s.a (MoM) came in at 3.1%, above expectations (0%) in September