New wave of bomb threats hits passenger flights across Europe
Several flights across Europe received bomb threats Tuesday, causing searches and diversions
FX Desk
Swedish Krona: Riksbank path shifts focus to February – Commerzbank
Antje Praefcke at Commerzbank reports that the Riksbank raised its policy rate from 1.75% to 2.00% as expected and remains in restrictive mode, but the statement weakens the case for a December hike. …
Gold extends recovery amid post-election volatility, US jobs data in focus
Gold (XAU/USD) extends gains on Thursday, moving further away from the year-to-date low of $3,870 touched last week. The metal attracts buyers as the US midterm election results fuel volatility across…
Midterm Political Shifts and Central Bank Moves Drain Dollar Liquidity Across London Matching Engines
A Democratic victory in the US midterm elections has jeopardised Republican policy continuations, sending US Treasury yields lower and triggering a broad dollar retreat across major currency pairs. Th…
US Dollar: Weaker as Brent slides on US-Iran hopes – MUFG
MUFG’s Lee Hardman notes that the US Dollar (USD) has extended its post-US mid-term election decline, with the US Dollar Index (DXY) down and US yields softer as Brent Oil drops back towards its 200-d…
Sterling today: Pound flat as BoE hikes 25 bps, dollar steadies before payrolls
GBP/USD trades at 1.3240 late Friday morning in New York, up 0.09% on the session after reaching 1.3250 in European dealing. The pair closed last Friday at 1.3240. Five sessions, a Federal Reserve gov…
Australian Dollar steadies above 0.7000 on strong trade surplus, subdued USD
AUD/USD continues to consolidate above the 0.7000 level on Thursday, trading around 0.7010 at the time of writing, up a modest 0.04% on the day. The Australian Dollar (AUD) benefits from persistent we…
Euro: Positive outlook hinges on 1.1280 against US Dollar - UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD rallied to 1.1272 before closing at 1.1227 as the US Dollar (USD) weakened on lower US yields. They see the pair in a…
WTI Price Forecast: Clinging to a key support at the 200-day SMA near $86.00
Oil prices are showing their sharpest weekly decline in months, as the landslide Democratic victory in the US midterm elections has boosted hopes of an end to the war against Iran. The US benchmark We…
WTI slumps below $86.50 as midterm elections fuel hope for an end to Iran war
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $86.40 during the early European trading hours on Thursday. WTI falls after President Donald Trump's Republican Party lost …
Indonesian Rupiah gains as Q3 GDP beats expectations
USD/IDR remains subdued for the second successive day, trading around 18,110 during Asian hours Thursday. The Indonesian Rupiah (IDR) holds gains against the US Dollar (USD) following the release of G…
British Pound: Recovery extends toward range highs – Societe Generale
Societe Generale strategists highlight that GBP/USD has rebounded from the lower boundary of its multi‑month range and reclaimed its 200‑DMA, suggesting scope for further recovery. The bank sees resis…
US Dollar Downturn Lacks the Rate Ingredient
The post-midterm dollar correction requires a worsening of USD rate differentials to turn into a downturn. But as oil prices fall, other central banks are facing similar or even larger dovish repricin…
BoE set to hike interest rate for the first time this year
The Bank of England (BoE) announced on Thursday that it raised the policy rate by 25 basis points (bps) to 4% following the November meeting. This decision came in line with the market expectation. Ei…
Indian Rupee extends advance on weak US Dollar, lower oil prices
The Indian Rupee (INR) extends its winning streak against the US Dollar (USD) for the sixth trading day on Thursday. The USD/INR pair falls to a two-month low of 94.32 as the US Dollar faces significa…
Swiss Franc strengthens on weaker US Dollar, inflationary pressure
USD/CHF extends its losses for the second consecutive day, trading around 0.8140 during Asian hours on Thursday. The pair depreciates as the US Dollar declines following a Democratic sweep in the US m…
USD/JPY Price Forecast: Remains close to 20-day EMA
The Japanese Yen (JPY) trades higher against the US Dollar (USD) on Thursday. In the European trade, the USD/JPY pair is down 0.3% to near 157.90. The pair faces selling pressure as the US Dollar unde…
GBP/USD Price Forecast: Holds a bullish bias above key support ahead of BoE decision
The GBP/USD pair trades in positive territory near 1.3490 during the early European trading hours on Thursday. The US Dollar (USD) softens against the British Pound (GBP) after the Democrats take cont…
Expedia’s downbeat revenue forecast dims strong quarter on steady travel demand
Nov 4 (Reuters) - Online travel firm Expedia Group forecast fourth-quarter revenue largely below Wall Street expectations, as the industry struggles with the Middle East conflict and unrest in Europe,…
Mexican Peso climbs on Democratic sweep ahead of Banxico call
The Mexican Peso rallies against the US Dollar following the Democratic blue sweep in the US midterm elections, with Democrats set to control the US Senate and the House of Representatives starting in…
Aussie Dollar reclaims 0.7000 as blue wave sweep tumbles the US Dollar
The Democratic blue sweep in the US midterm elections weighed on the US Dollar and boosted the Australian Dollar, which has bounced from a 12-day low of 0.6954 and reclaimed 0.7000, gaining over 0.59%…
Chinese Yuan: PBoC slows Yuan gains – MUFG
MUFG notes that the People's Bank of China (PBoC) raised the FX reserve requirement ratio to 6% from 4% after USD/CNY moved toward 6.65, effective 15 November. The measure is seen as locking up about …
Qualcomm shares slide as smartphone weakness clouds growth push
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Singapore Dollar: Holds tight range as PMI supports growth – Commerzbank
Commerzbank analysts note Singapore’s October manufacturing PMI eased slightly but stayed in expansion for a 15th month, with electronics supported by AI-related demand. They argue this points to resi…