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Australian Dollar defies rising yields as AUD/USD closes in on 0.70
The Aussie Dollar registers back-to-back days of gains on Monday, even though US Treasury yields edged higher, underpinning the US Dollar, which appreciated against a basket of six currencies but not versus the Australian Dollar. The AUD/USD trades at 0.6972, up 0.37%.
The New Zealand Dollar holds near its lows while business confidence jumps
New Zealand's firms are more upbeat and raising fewer prices, and the second half of that matters more for the Kiwi. NZD/USD trades just above 0.5600 after a fresh low beneath it, back near its November 2025 low.
US Treasury yields scale multi-year highs as inflation fears return
US Treasury yields edged up at the beginning of the week, with the 30- and 10-year yields reaching multi-year highs as inflation expectations rose, as shown in a US Institute for Supply Management (ISM) survey indicating that business activity in the services sector slowed while input prices surged.
The Euro breaks to a fresh low, then bounces, as Spain calls a snap vote
Reports that Spain's government was preparing an early election pushed EUR/USD to its lowest since May 2025, and hedge-fund selling in Asia set off option barriers that deepened the fall, traders said. The pair has since recovered more than half of that drop and trades back above 1.1200.
The Pound flatlines as Treasury yields climb to another high
The odds of an October Fed hike have fallen from about two in three in late September to roughly one in five, and GBP/USD hasn't left the range it has traded in since September 24. Monday's range is entirely inside Friday's, and the pair trades just above 1.3200.
South Korea FX Reserves down to 440.56B in September from previous 442.28B
South Korea FX Reserves down to 440.56B in September from previous 442.28B
Mexican Peso builds winning streak as USD/MXN drifts toward 18.00
The Mexican Peso (MXN) posted back-to-back bullish days as USD/MXN edges lower by about 0.34% on Monday amid softer-than-expected US data and a mediocre Nonfarm Payrolls report last Friday. The exotic pair trades at 18.08 after peaking near 18.26.
New Zealand NZIER Business Confidence (QoQ) climbed from previous 8% to 43% in 3Q
New Zealand NZIER Business Confidence (QoQ) climbed from previous 8% to 43% in 3Q
Singapore Dollar: MAS seen very slightly tightening – Standard Chartered
Standard Chartered’s Edward Lee expects the Monetary Authority of Singapore (MAS) to deliver another very slight tightening in October, raising the SGD NEER slope to 1.5% from 1.25% while keeping the band parameters unchanged.
Chinese Yuan: Sideways with firmer bias against US Dollar - UOB
United Overseas Bank (UOB) strategist Quek Ser Leang reports USD/CNH slipped to 6.7008 before closing at 6.7041, with intraday price action expected to stay between 6.7000 and 6.7105. For the coming 1–3 weeks, he continues to see the pair confined to a 6.6950–6.7270 range.
Markets just priced out rate hikes on financial stress. This chart shows why 2022-23 says they’ll be wrong
Traders have taken about one quarter-point hike out of their European Central Bank (ECB) forecasts since mid-September, betting the ECB will stop raising rates because of a French debt selloff.
United States: Domestic rare earth production push – ING
ING’s report by Coco Zhang and Ewa Manthey explains how the United States is enhancing domestic Rare earth production. Federal support now includes grants, loans, equity stakes, purchase agreements and price floors for key products like NdPr oxide and magnets.
British Pound slides as France fiscal shock lifts the US Dollar
The Pound Sterling (GBP) dives more than 0.19% against the US Dollar (USD) at the beginning of the week, despite a dip in US services sector activity and elevated US Treasury yields. The GBP/USD trades at 1.3218 at the time of writing.