Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
The Pound climbs against the Japanese Yen as the BoJ gives no hike signal
210.00 has capped GBP/JPY three times since September 24, give or take a few pips, the latest on Tuesday. The cross trades just under it, in the upper part of a band that has contained it since early September.
Gold rises above $4,150 as bond yields turn lower, traders await FOMC Minutes
Gold price (XAU/USD) rises to near $4,165 during the early Asian session on Wednesday. The precious metal rebounds as long-dated Treasury yields eased from Monday’s multi-decade highs and oil prices fell.
Australian Dollar eyes 0.70 as three-day rally meets Fed minutes
The Australian Dollar extends its rally to three consecutive days, up 0.14% on Tuesday, as the US Dollar behaves erratically ahead of the release of the Federal Reserve’s September meeting minutes on October 7. The AUD/USD trades at 0.6981, after hitting a low of 0.6961.
The Australian Dollar slips against the New Zealand Dollar as confidence sinks
Australian consumer sentiment fell 4.7% to 80.4 in October, and the Reserve Bank of Australia (RBA) hike on September 29 did most of the damage. AUD/NZD trades just above 1.2400 on its first down day after a three-session climb from near 1.2300.
Mexican Peso post gains as lower US yields revive the carry trade
The Mexican Peso stages a comeback against the US Dollar on Tuesday as the latter weakens amid profit-taking and lower US Treasury yields, with traders awaiting the release of the minutes of the Federal Reserve’s last meeting. The USD/MXN trades at 17.97, down 0.55%.
The Japanese Yen flatlines through a BoJ speech that changed nothing
On Tuesday, Bank of Japan (BoJ) Governor Ueda gave his first major speech since the September 18 hike, and USD/JPY's whole range stayed inside Monday's. The pair trades just above 158.00, with futures still pricing about a 25% chance of a hike at the October 29-30 meeting.
The New Zealand Dollar edges off its low as the US Dollar slips
Traders give the Reserve Bank of New Zealand (RBNZ) about a 58% chance of raising its Official Cash Rate (OCR) to 3% on October 28, down from about 80% in late September, and NZD/USD has fallen with those odds.
The Euro wins back its slide to a fresh low as France files its budget
EUR/USD has won back all of Monday's drop to its lowest level since May 2025. The pair trades just above 1.1250, back at Monday's opening level, as French bonds steadied and the Dollar eased across the board.
The Pound climbs back to the top of its range as bond yields ease
Tuesday's rise in GBP/USD came from the Dollar side. The pair was flat through Bank of England (BoE) external member Mann's warning on inflation, then gained at the same two points in the session as EUR/USD, leaving EUR/GBP close to unchanged.
United States API Weekly Crude Oil Stock fell from previous 1.019M to -2.1M in October 2
United States API Weekly Crude Oil Stock fell from previous 1.019M to -2.1M in October 2
Chinese Yuan: Gradual upside within defined bands – UOB
United Overseas Bank strategists Quek Ser Leang and Lee Sue Ann expect USD/CNH to edge lower intraday while staying confined to a narrow 6.7000–6.7100 band. Over the coming one to three weeks, they maintain a range-trading view between 6.6950 and 6.7270. On a one to three month basis, they see USD/CNH continuing to drift lower as long as it remains below the cloud resistance near 6.7815.
Singapore Dollar: Range trade against US Dollar with MAS in focus – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong observe USD/SGD consolidating near recent highs, with bullish daily momentum showing signs of fading and RSI near overbought.
Brazil Trade Balance came in at 7.74B, above forecasts (7.19B) in September
Brazil Trade Balance came in at 7.74B, above forecasts (7.19B) in September