FX

US Dollar retreated after posting solid gains in recent weeks. Nonfarm Payrolls increased by 12,000 in October, falling short of market expectations. Markets remain almost fully pricing in a 25 bps cut by the Fed next week. The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies,

Mexican Peso tanks as USD/MXN rises over 1.50% weekly, reaching new yearly highs. US Dollar Index climbs as Treasury yields jump, boosting Greenback strength. Mexican economic data shows resilience, but US elections add uncertainty for emerging market currencies. The Mexican Peso depreciated sharply against the Greenback on Friday and recorded new yearly highs of 20.29,

USD/CAD falls slightly to near 1.3900 after the US NFP report for October. Labor growth was significantly lower due to hurricanes that affected various regions. The US Manufacturing PMI surprisingly declined at a faster pace. The USD/CAD pair corrects mildly to near the round-level support of 1.3900 in Friday’s New York session. The Loonie asset

The US Dollar recovered modestly after a discouraging Nonfarm Payrolls report sent it sub-104.00.  The steady unemployment rate and the uptick in hourly wages have tempered the negative reaction on the USD. The index bounced from an intraday low of 103.68, with technical indicators showing a growing bearish momentum. The US Dollar Index (DXY) has regained

EUR/USD has drifted a little lower over the course of the session so far, Scotiabank’s Chief FX Strategist Shaun Osborne notes. EUR rebound momentum stalls “Market participation has perhaps weakened ahead of the US jobs data, the weekend and the US election Tuesday, with no major data from the Eurozone to drive sentiment. More to

Gold dips from all-time high amid strong US jobs data and steady core inflation. Investors remain risk-averse ahead of November 5 US election, polls show a narrow race between Trump and Harris. Nonfarm Payrolls and Fed’s upcoming rate decision keep traders cautious. Gold price retreated from all-time high on Thursday as traders failed to capitalize

The Mexican economy grew surprisingly strongly in the third quarter, according to the first estimate. Instead of 0.6%, according to the Bloomberg median, it grew by almost 1% quarter-on-quarter, the highest rate in a year, Commerzbank’s FX analyst Michael Pfister note. Risk of Trump becoming president weighs on peso “This was probably mainly due to

EUR/USD edges higher to around 1.0855 in Thursday’s early Asian session.  Private sector employment increased by 233,000 jobs in October.  The Eurozone HICP and the US PCE inflation data will be in the spotlight on Thursday.  The EUR/USD pair attracts some buyers to near 1.0855 during the early Asian session on Thursday. The weakening of

The United States Gross Domestic Product is expected to grow at an annualised rate of 3.0% in Q3. The US economy continues to outperform its G10 peers.  Investors anticipate the Federal Reserve will reduce interest rates by 25 bps in November. The US Bureau of Economic Analysis (BEA) is scheduled to release the preliminary estimate

The Australian Monthly Consumer Price Index is foreseen at 2.3% in September.  Quarterly CPI inflation expected below 3%, but core figures are still seen as too high. The Reserve Bank of Australia will meet in early November to decide on monetary policy. The Australian Dollar could find some near-term demand on higher-than-anticipated CPI readings.  Australia

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EUR/USD trades flat near 1.0810 in Tuesday’s early Asian session.  The rising bets that the Fed might not opt into aggressive easing might boost the USD.  ECB’s Wunsch said there is no urgency for the ECB to speed up policy easing.  The EUR/USD pair holds steady around 1.0810 on the consolidation of the US Dollar

The Australian Dollar (AUD) could decline further; the significant support level at 0.6585 might not be easy to break. In the longer run, AUD is expected to continue to decline; the level to watch is a significant support at 0.6585, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note. Level to watch

AUD/USD trades with mild losses around 0.6605 in Monday’s early Asian session.  The US Michigan Consumer Sentiment Index was stronger than expected, rising to 70.5 in October vs. 68.9 prior.  The hawkish RBA might cap the Aussie’s downside.  The AUD/USD pair remains on the defensive near 0.6605 during the early Asian session on Monday. The

EUR/USD returned to its bearish ways on Friday. A broad upswing in the Dollar Index continues to pummel the Euro. Coming up next week: DST, EU CPI, US PCEPI, and another NFP print. EUR/USD trimmed a near-term rebound on Friday, slamming the door on a clean bullish recovery and keeping bids trapped near the 1.0800

US Dollar holds its ground at the end of the week, remains in consolidation mode. Fed officials remain cautious on inflation, as Durable Goods Orders miss market expectations. Markets continue to see two cuts by year-end. The US economy remains robust with GDPNow tracking third-quarter growth at 3.4%. The strong economic outlook might push the

UK Chancellor Reeves is walking a thin line as she seeks to find a balance between finding the funds to invest for growth while also maintaining the air of budgetary prudence, Rabobank’s FX analyst Jane Foley notes. GBP is holding up well so far “To avoid shocking gilt investors too much by the October 30

GBP/USD Price Forecast: Climbs to three-day peak, approaches 1.3000 The Pound Sterling recovered some ground and traded at around three-day highs of 1.2998 yet remained unable to crack the 1.3000 figure at the time of writing. Market mood has improved slightly, a headwind for Greenback, which, despite that, is headed to sustain weekly gains of more