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FOMC deeply divided over timing of December rate cut – Commerzbank
Fed Chair Jay Powell had already indicated in the last meeting: The Federal Open Market Committee (FOMC) is currently deeply divided in terms of the timing of further rate cuts. This has become more than clear through the recent statements of various members.
AUD/USD hits lows below 0.6450 with the China-Japan tensions weighing
The Australian Dollar is failing to draw any significant support from the positive market sentiment on Monday.
USD: Markets eye Ukraine peace talks amid thanksgiving-thinned week – ING
The US Dollar (USD) faces downside risks this week as cautiously optimistic Ukraine peace talks and the Fed’s Beige Book could temper USD strength, keeping Dollar Index (DXY) near key resistance, ING's FX analyst Chris Turner notes.
EUR/USD: Major support at 1.1470 is unlikely under threat – UOB Group
Euro (EUR) could test the 1.1490 level again; the major support at 1.1470 is unlikely to come under threat.
EUR/USD holds above key 1.1500 support – BBH
EUR/USD remains above 1.1500 as Eurozone economic activity shows resilience and the ECB is expected to stay on hold, limiting downside against a still-restrictive Fed, BBH FX analysts report.
USD: Dollar Index holds above 200-DMA – MUFG
The major foreign exchange rates have remained relatively stable overnight at the start of the holiday shortened week with Thanksgiving falling on Thursday, MUFG's FX analyst Lee Hardman reports.
EUR/JPY advances on Yen weakness driven by fiscal risks, low rate outlook
EUR/JPY trades around 180.70, up 0.35% on Monday at the time of writing. The cross benefits from renewed selling pressure on the Japanese Yen (JPY), weakened by persistent concerns over Japan’s fiscal trajectory and doubts over an imminent rate hike by the Bank of Japan (BoJ).
USD consolidates as risk assets extend Friday bounce – BBH
The US Dollar (USD) consolidates after last week’s gains as New York Fed President John Williams’ dovish remarks raise bets on a December rate cut, supporting equities and stabilizing bonds, BBH FX analysts report, BBH FX analysts report.
GBP/JPY steadies above 205.00 with all eyes on UK budget
The Pound has ticked up from Friday’s lows at 204.30, but it is struggling to find significant acceptance above the 205.00 level on Monday, despite the positive risk sentiment.
GBP: Holding steady into the budget – ING
EUR/GBP is holding support near 0.8760–0.8770 ahead of the UK budget, with sterling’s upside constrained and some downside risk if the 2026 BoE easing cycle is under-priced, ING's FX analyst Chris Turner notes.
Oil: Brent slips to month-low amid Russia-Ukraine peace talks – ING
Oil prices ended last week on a weak footing, with ICE Brent down more than 2.8%. This downward pressure continued in early morning today, with Brent trading at its lowest level in over a month. Ongoing talks to reach a Russia-Ukraine peace deal are weighing on the market.
Japanese Yen remains depressed as BoJ rate-hike uncertainty persists amid fiscal concerns
The Japanese Yen (JPY) remains on the back foot against a broadly firmer US Dollar (USD) through the Asian session on Monday and seems vulnerable to slide further amid concerns about Japan's ailing fiscal position.
Australian Dollar remains steady due to cautious RBA sentiment
The Australian Dollar (AUD) holds ground against the US Dollar (USD) on Monday ahead of the looming key inflation update this week.
US Dollar Index holds near 100.00 as December Fed rate cut bets rise
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is halting its five-day winning streak and trading around 100.20 during the Asian hours on Monday. Traders will likely observe the US September Producer Price Index (PPI) report due on Tuesday.
Silver Price Analysis: XAG/USD trades below $50.00, seems vulnerable to slide further
Silver (XAG/USD) struggles to capitalize on Friday's modest recovery from the $48.65-$48.60 region, or a nearly two-week low, and attracts fresh sellers on the first day of a new week.
USD/CAD remains below 1.4100 amid renewed expectations of Fed rate cuts
USD/CAD remains subdued for the second successive session, trading around 1.4090 during the Asian hours on Monday. The pair depreciates as the US Dollar (USD) loses ground amid renewed expectations of a Fed rate cut in December.
WTI declines below $58.00 on Ukraine-Russia peace talks
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $57.85 during the Asian trading hours on Monday. The WTI edges lower as the United States (US) pushes for a Russia-Ukraine peace deal.
NZD/USD softens to near 0.5600 as RBNZ rate cut looms
The NZD/USD pair loses ground to near 0.5605 during the early Asia session on Monday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) amid expectations that the Reserve Bank of New Zealand (RBNZ) will deliver a rate cut at the November meeting on Wednesday.
PBOC sets USD/CNY reference rate at 7.0847 vs. 7.0875 previous
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0847 compared to Friday's fix of 7.0875 and 7.1162 Reuters estimate.
EUR/USD slips near 1.1500 despite cautious ECB tone
EUR/USD extends its losses for the second successive session, trading around 1.1510 during the Asian hours on Monday.
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