Monday, 2 November 2026
Independent coverage of global markets, trade and finance
The EUR/USD pair faces some selling pressure to near 1.1215 during the early Asian trading hours on Monday. The Euro (EUR) weakens against the US Dollar (USD) amid fiscal risks in France after the French debt risk premi…
US President Donald Trump said he cut a diesel export deal with Russia and blocked numerous sanctions because he doesn’t want to drive Vladimir Putin away from peace talks with Ukraine, Bloomberg reported on Sunday.
AUD/USD extends its gains for the second successive day, trading around 0.6970 during Asian hours on Monday. The pair remains stronger as the Australian Dollar (AUD) holds ground following the release of key economic da…
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Bentley has unveiled its first fully electric car as the British luxury manufacturer looks to take on established rivals in the premium SUV market.
California keeps America in the global EV race as Trump surrenders U.S. innovation to China
The US dollar fell 0.25 per cent to 101.77 on Friday. The drop puts the greenback on course for a 0.45 per cent weekly decline as debt strains across the tech sector rattled global markets.
GBP/USD is trading at 1.3366, up 0.69% on the day. Other quotes put the pair at 1.3369, up 0.70%, or 93 pips. The pound has moved steadily higher through the European session. At 6:15 a.m. ET it was at 1.3341, up 0.51%.…
The New Zealand Dollar ended the week on a higher note against the US Dollar, up 0.55% to 0.5652, as the Greenback weakened amid investors' skepticism about a Fed hike in October despite the US docket featuring red-hot …
The dollar starts the final week of September regaining ground against the yen. USD/JPY trades at 157.746, up 0.4985 or 0.32% on the session, after bouncing from a Monday low of 156.95. The pair printed 157.79 during As…
EUR/USD struggles to extend its gains on Friday as the US Dollar (USD) steadies after coming under heavy pressure on Thursday. At the time of writing, the pair trades around 1.1230, below an intraday high of 1.1269, but…
Royal Bank of Canada economists Claire Fan and Abbey Xu assess upcoming Canadian inflation data and the Bank of Canada’s Q3 Business Outlook Survey ahead of the Oct. 28 policy decision. They highlight persistent energy-…
The Mexican Peso (MXN) losses ground against the Greenback on Friday amid broader US Dollar (USD) weakness, as Mexico’s economic docket is absent, leaving traders leaning into US dynamics. At the time of writing, USD/MX…
Royal Bank of Canada (RBC) strategis Claire Fan and Abbey Xu expect Canada’s headline Consumer Price Index to remain at 3% year-over-year in September, supported by higher gasoline and furnace Oil prices. They see moder…
Scotiabank’s Global FX Strategy team notes EUR/USD is supported by modest narrowing in front-end Eurozone–US spreads following dovish-leaning comments from Fed Chair Warsh. French OAT/Bund spreads remain wide but are se…
Fed Chair Warsh's last word before the quiet period was that he doesn't prejudge meetings, and the Dollar Index is lower on it, though the drop stalled near 101.60 twice. It fell from just above 102.00 to about 101.85 i…
OCBC strategists Sim Moh Siong and Christopher Wong highlight that Taiwan Dollar (TWD) has extended losses on heavy foreign equity outflows, partly retracing into the Asian close amid talk of CBC leaning against depreci…
Standard Chartered’s Chong Hoon Park expects the Bank of Korea to keep its base rate at 3.00% through October and November, despite a less favourable inflation-growth mix. The report highlights sticky underlying inflati…
Nordea’s research team keeps its Federal Reserve outlook unchanged, expecting one more rate hike this year and another in 2027 as US inflation remains above the 2% target and growth stays strong. The bank argues that el…
The Pound Sterling (GBP) advances against the US Dollar (USD) on Friday after Federal Reserve (Fed) Chair Kevin Warsh didn’t provide forward guidance on interest rates, while expectations that the Bank of England (BoE) …
EUR/USD extends its recovery on Friday, trading around 1.1255 at the time of writing, up 0.32% on the day. The Euro (EUR) continues to strengthen against the US Dollar (USD), rebounding from a 16-month low of 1.1113 rea…
Commerzbank economists Dr. Jörg Krämer, Dr. Vincent Stamer and colleagues argue that Middle East crude exports have nearly returned to pre-war levels thanks to dark transits through the Strait of Hormuz. They expect hig…
USD/CAD extends its decline on Friday as broad US Dollar (USD) weakness lifts the Canadian Dollar (CAD) to its highest level in more than two weeks. At the time of writing, the pair trades around 1.4138, after reaching …
Nordea strategists concede their long‑standing positive view on the Swedish Krona (SEK) has not materialized and now adopt an agnostic stance. SEK has been hurt by Middle East‑related risk‑off flows, US tech outperforma…