Saturday, 31 October 2026
News, business, world affairs and market coverage
Home / Markets
The Indian Rupee (INR) gains against the US Dollar (USD) at the start of the week. The USD/INR pair drops to near 94.38 as the significant increase in forex reserves due to overwhelming response by Non-Residents to Rese…
West Texas Intermediate (WTI) gains ground after registering losses in the previous trading day, hovering around $90.00 per barrel during Asian hours on Monday. Crude oil prices climb following a fresh escalation of mil…
USD/CAD remains steady after registering modest gains in the previous day, trading around 1.3830 during Asian hours on Monday. However, the pair could face downside pressure as the commodity-linked Canadian Dollar (CAD)…
The NZD/USD pair attracts some sellers during the Asian session on Monday and currently trades near the 0.5870 region, down around 0.15% for the day. Spot prices, however, remain confined within Friday's broader range, …
The EUR/USD pair posts modest gains near 1.1615 during the early Asian session on Monday. However, the potential upside for the major pair might be limited amid a stronger-than-expected U.S. August Nonfarm Payrolls (NFP…
The USD/JPY pair struggles to capitalize on Friday's modest bounce from the vicinity of early August lows and kicks off the new week on a softer note. Spot prices currently trade just below the 156.00 mark, though the d…
The Japanese yen is close to its lowest level in 40 years and has been the weakest currency in the FX market for several years. However, since the end of January 2026, it has shown a bullish impulse that could mark the …
OpenAI has published an official statement on the German wiki case, the site where some of its agents left roughly 18,000 messages between May and June. In the same piece, the company links that episode to July's Huggin…
The Mexican Peso appreciates against the US Dollar, testing two-year highs near 16.85 as the USD/MXN sets aside a strong US Nonfarm Payrolls report, which was ignored by the Peso’s bears. At the time of writing, the eme…
Commerzbank says China’s August Services PMI rebound highlights some resilience in private-sector activity, but weak retail sales, soft inflation and higher unemployment still point to fragile domestic demand. The stron…
The USD/CHF registers modest gains of over 0.30% as the Greenback is boosted by a solid US Nonfarm Payrolls report, pushing the pair above the 50-day Simple Moving Average (SMA) to reach a daily high of 0.8126. At the t…
DBS Group Research economist Chua Han Teng notes that Bank Negara Malaysia (BNM) held the Overnight Policy Rate at 2.75% while dropping language that the current level is appropriate. DBS expects rates to remain unchang…
ING’s Muhammet Mercan notes the Central Bank of the Republic of Türkiye (CBRT) has normalised liquidity via weekly repo auctions, bringing effective funding costs down to the 37% policy rate. ING expects the CBRT to hol…
AUD/USD resumes its advance on Friday after a brief bout of weakness following a stronger-than-expected United States (US) employment report. The pair initially fell to 0.7173 before reversing as the US Dollar (USD) str…
International precious metals markets staged a powerful rally on September 3, with gold futures briefly approaching the historic $4,500 per ounce threshold and spot silver reclaiming the $66 level. The surge unfolded ag…
OCBC’s Christopher Wong notes that USD/IDR has pulled back as a softer Dollar and lower UST yields support the Indonesian Rupiah. He highlights Bank Indonesia Governor Destry Damayanti’s emphasis on a stability-first ap…
Risk sentiment recovered and the Dollar eases starting the week after Friday’s fly-to-quality, as breaking geopolitical headlines triggered fresh market optimism. President Trump stated that both Iran and Israel are loo…
OCBC’s Christopher Wong notes that strong foreign-currency inflows linked to the RBI’s special measures have bolstered the Indian Rupee (INR) and strengthened the central bank’s FX buffer. However, with the FCNR(B) wind…
Nordea expects Eurozone inflation dynamics to stay persistent, with headline inflation projected above the ECB’s target at least until spring 2027. They see recent data as slightly weaker than the ECB’s June projections…
The Pound Sterling retreats some 0.09% against the US Dollar as the latest US inflation report reaffirmed what Fed Chair Warsh said that the labour market is “consistent with full employment.” GBP/USD trades near Friday…
Societe Generale reports that USD/MXN has moved back below 17.00 as Mexican officials engage with US counterparts on trade issues following a widening US-Canada rift. The bank highlights a sharp drop in Mexico’s car imp…
West Texas Intermediate (WTI) US Oil declines 1.21% on Friday and trades around $88.55 per barrel at the time of writing. The Crude Oil remains close to its recent highs and is still heading for a strong weekly gain as …
MUFG’s Michael Wan highlights a sharp strengthening in the Japanese Yen, with USD/JPY dropping from 160 to around 155.30 as the Dollar broadly weakened and Asian FX gained. The report notes uncertainty over any Bank of …
DBS Group Research expects the European Central Bank (ECB) to raise the deposit facility rate to 2.50%, citing a resilient inflation-growth mix in the Eurozone. The report notes headline inflation has moved further abov…
We use cookies to improve your experience and analyse site traffic. By continuing to browse, you agree to our use of cookies.