Monday, 2 November 2026
Independent coverage of global markets, trade and finance
EUR/CHF holds modest losses on Monday as growing fiscal concerns in France weigh on the Euro (EUR). However, the cross has reversed most of its intraday decline as buying interest in the Swiss Franc (CHF) remains limite…
Spain has now added another political log to the fire with snap elections scheduled for late November. On its own, Spain probably would not have been enough to knock the euro lower, but markets already have one eye on F…
The Pound Sterling dives by over 0.19% against the US Dollar at the beginning of the week, despite a dip in US services sector activity and elevated US Treasury yields. underpins the Greenback. The GBP/USD trades at 1.3…
Brown Brothers Harriman’s (BBH) Elias Haddad reports the Euro (EUR) is underperforming major currencies, with EUR/USD briefly hitting 1.1161, its lowest since May 2025. Elias Haddad flags France’s budget crisis spilling…
USD/CAD reverses its earlier gains on Monday as the Canadian Dollar (CAD) outperforms its major peers, while the US Dollar (USD) consolidates after mixed US business activity data. At the time of writing, the pair trade…
DBS strategist Philip Wee explains that EUR/USD’s four-week decline reflects shifting risk balances, with renewed Federal Reserve (Fed) tightening overshadowing the European Central Bank (ECB) and France’s fiscal issues…
France's government owes close to 120% of what its economy produces in a year. The gap between what France and Germany pay to borrow for 10 years reached about 1.5 percentage points on Friday, the widest since 2011. Eur…
Gold (XAU/USD) starts the week with a mild positive bias but remains rangebound, caught between easing Federal Reserve (Fed) interest rate hike bets and a stronger US Dollar (USD). US Treasury yields also remain elevate…
The Swiss Franc (CHF) has retraced previous losses on Monday and trades practically flat against the US Dollar (USD), hardly affected by the bond market turmoil that has crushed investors’ appètite for risk.
The British Pound (GBP) claws back some of its early losses against the US Dollar (USD), but is still 0.15% down to near 1.3220 during the European trading session on Monday. The GBP/USD pair recovers slightly as the US…
The Indian Rupee (INR) trades marginally higher against the US Dollar (USD) after an extended weekend. Indian markets were closed on Friday due to Mahatma Gandhi Jayanti.
The Japanese Yen (JPY) nurses marginal losses against the US Dollar (USD) on Monday but remains trading within previous ranges, with downside attempts limited as Japanese Prime Minister Sanae Takaichi pledged to keep pu…
The Euro has fallen to its weakest level in over seven months against the US dollar, slipping below 1.1440 on Friday amid fresh escalations in the US-Israel-Iran conflict, sending energy markets into turmoil. Brent crud…
France is no longer being treated by markets as an unquestionably "core" European sovereign. The clearest warning is coming from government bonds: investors are demanding a larger premium to lend to France than to Italy…
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts sellers for the second straight day on Monday and sticks to its intraday losses around the $89.00 mark through the early European session. The …
ING’s Warren Patterson notes that ICE Brent has repeatedly dipped below $100/bbl but continues to settle above this level as the market weighs conflicting supply and geopolitical factors. Higher oil flows through the St…
The EUR/GBP cross attracts some sellers to around 0.8475 during the early European trading hours on Monday. The Euro (EUR) softens against the British Pound (GBP) as fiscal concerns in France in the wake of a steep bond…
The Organization of Petroleum Exporting Countries and its allies (OPEC+) agreed on Sunday to keep oil production targets steady for November. This move came in line with expectations that further output policy adjustme…
The AUD/USD pair edges higher to around 0.6955 during the earlyAsian session on Monday. Weaker-than-expected US jobs data weighs on the US Dollar (USD) against the Australian Dollar (AUD). Traders await the release of t…
Bank of Japan (BoJ) Deputy Governor Shinichi Uchida said on Monday that Artificial Intelligence (AI) has become a major focus among central banks, including at BoJ monetary policy meetings.
Russian Defense Ministry said that it would intensify attacks on Ukraine’s military and industrial facilities following a vow from President Volodymyr Zelenskyy to double down on strikes against oil refineries, Bloomber…
WASHINGTON, Sept 23 (Reuters) - FBI data allegedly stolen by the hacking group ShinyHunters carries granular detail about scores of bureau officials’ job assignments, including sensitive work against Chinese spies, Russ…
Iran's rial fell to new record lows on Saturday, with the euro crossing 3 million rials for the first time and the US dollar hovering around 2.7 million rials on the open market.
The stock market under President Trump gained more than 37% from the 2024 election through September 25, 2026, as corporate earnings growth supported stock prices.