FX

Euro Rises vs CAD on German Data and Lower Oil Prices  TradingPedia

DBS Group Research economist Philip Wee notes that the Dollar Index slipped back below 102 following the October 28 FOMC meeting, with US GDP and PCE data failing to revive USD momentum.

Euro Advances Toward Key Ceiling as EUR/GBP Rebounds  TradingPedia

AUD/USD trades on the back foot on Monday as the Australian Dollar (AUD) underperforms all its major peers. Traders are likely trimming exposure before the Reserve Bank of Australia’s (RBA) monetary policy announcement on Tuesday, weighing on the Aussie despite a softer US Dollar (USD).

The Estée Lauder Companies Reports Fiscal 2027 First Quarter Results  The Estée Lauder Companies Inc.

TD Securities’ Ryan McKay and Bart Melek note that Gold has found its footing as the tech sector selloff eases, although the recovery remains modest.

News by CNBC TV18 on TradingView, 2026-11-02 — cnbctv:8a8db49d9094b:0  TradingView

Rabobank’s Senior FX Strategist Jane Foley notes that the Reserve Bank of New Zealand’s (RBNZ) unexpected decision to keep rates unchanged surprised markets positioned for a hike.

Societe Generale’s Anatoli Annenkov expects French fiscal uncertainty to sustain bond-market volatility beyond the 2027 elections. He explains why ECB intervention remains unlikely for now and how TPI and OMT could provide conditional support if fragmentation threatens monetary policy transmission.

HSBC’s FX Viewpoint, dated 2 November 2026, reviews the latest FOMC decision and its implications for the Dollar. The Federal Reserve kept rates at 3.75-4.00% but signalled that a December hike remains possible as US economic activity is described as strong and inflation elevated. HSBC maintains its strong USD view into 2027, while warning that the path may be volatile.

The Euro (EUR) holds a positive tone against the US Dollar (USD) on Monday, favoured by positive Eurozone factory activity data and concerns about US elections.

OCBC strategists Sim Moh Siong and Christopher Wong expect the US Dollar (USD) to stay broadly supported into 1H27, with EUR/USD potentially dipping below 1.10 as AI-related uncertainty and elevated energy prices sustain US growth and inflation premia.

ING’s Chris Turner says Sterling is trading relatively well as markets fully price a 25bp Bank of England (BoE) rate hike to 4.00% on Thursday.

The US Dollar (USD) has retraced most of its previous losses on Monday, but remains on the defensive with investors wary of holding large US Dollar longs ahead of the US midterm elections, while growing concerns about an AI bubble pose an additional threat.

Rabobank expects the Reserve Bank of Australia (RBA) to raise interest rates at its upcoming meeting, supported by stronger-than-expected inflation data and hawkish policymaker comments.

GBP/JPY edges higher on Monday as the Japanese Yen (JPY) struggles despite the Bank of Japan’s (BoJ) hawkish signals.

HSBC’s Willem Sels and Lucia Ku highlight that global equities remain supported by AI-driven earnings and strategic government priorities. They keep an Overweight stance on global and US stocks, favouring Technology and broader AI ecosystem plays, while staying Neutral on Europe ex-UK and Emerging Markets. Japan and Asia ex-Japan are preferred for AI exposure, with selectivity across sectors and regions stressed.

Societe Generale highlights that Czech GDP and wage growth have fallen short of the central bank’s August projections, while inflation has surprised on the upside.

Chris Turner at ING highlights Fitch’s unscheduled shift of France’s sovereign outlook to negative, which may weigh on French bonds and the Euro (EUR).

MUFG’s Lee Hardman highlights US mid-term election risks, with a potential Republican loss of Congress seen as dampening Dollar strength. A less hawkish Fed, lower US Treasury yields and pressure on US AI-related equities add downside risks for the Dollar.

The Euro (EUR) shows a significant recovery against the British Pound (GBP) on Monday, supported by the reversal in Oil prices and positive Eurozone manufacturing activity figures.

The New Zealand Dollar (NZD) trades lower against the US Dollar (USD) at around 0.5620 during the European trading session on Monday.

OCBC strategists Sim Moh Siong and Christopher Wong note they raise their Brent forecasts, projecting USD100/bbl at end-2026 and USD85/bbl at end-2027 as months of Middle East disruption erode market buffers. Despite recovering Gulf exports, depleted inventories, stretched logistics and persistent shipping risks point to transportation bottlenecks and higher freight costs, reinforcing a higher-for-longer Oil price environment and wider Brent–WTI spreads.

Gold (XAU/USD) extends its recovery during American trading hours on Monday, supported by falling Oil prices following positive headlines on US-Iran talks. The metal regains ground after hitting a fresh yearly low of $3,870 on Friday and ending October down 6.87%.

The British Pound (GBP) holds moderate gains against the US Dollar (USD) on Monday but has eased from the two-week highs hit earlier in the day, despite the confirmation of solid UK manufacturing activity in October.

Swiss Franc Holds Firm as Robust PMI Weighs on USD/CHF  TradingPedia

British Pound opens BoE policy week on a positive note  www.tmgm.com

Catching the repricing wave: insights from daily online supermarket prices  European Central Bank

ING strategists Warren Patterson and Ewa Manthey note that Gold fell to a one-year low late last week as surging Oil prices fueled inflation concerns and expectations of higher-for-longer interest rates.

FX weekly forecast: US mid-term elections to trigger fresh weakness in the US dollar?  TorFX News

Societe Generale strategists note that AUD/USD has rebounded from a multi-month ascending trend line near 0.6900 and is holding above 0.7000 ahead of the Reserve Bank of Australia’s (RBA) policy decision.

The Japanese Yen (JPY ) keeps looking for direction, unable to take advantage of a moderate US Dollar (USD) weakness on Monday, as markets brace for the US midterm elections.

EUR/CAD gains over 0.5% after registering modest gains the previous day, trading around 1.5680 during Asian hours on Monday. The currency cross rises as the Euro (EUR) remains stronger following the release of German economic data.

Silver prices (XAG/USD) rose on Monday, according to FXStreet data. Silver trades at $50.38 per troy ounce, up 2.54% from the $49.13 it cost on Friday.

US dollar faces headwinds as US mid-term elections loom  TorFX News

OCBC strategists Sim Moh Siong and Christopher Wong see British Pound (GBP) resilience extending into early 2027, supported by fiscal discipline, upgraded UK growth forecasts and greater political stability.

European Central Bank (ECB) Governing Council member and Governor of the National Bank of Slovakia (NBS), Peter Kazimir, said during the European trading session on Monday that the focus is more on how much further monetary policy tightening is needed.

United Overseas Bank strategists Quek Ser Leang and Lee Sue Ann describe USD/JPY as remaining in a range-trading phase, with intraday levels and a broader 157.00–158.60 band guiding price action. While near-term momentum is not decisively bearish, their 1–3 month view highlights a rapid increase in downward momentum, pointing to further Dollar weakness against the Japanese Yen.

Integrated, open and resilient: Europe’s strengths in a fragmenting world  European Central Bank

Rupee Strengthens as Oil Slide and U.S. Politics Pressure the Dollar  TradingPedia

[Closing Market] KOSPI Settles Above 5,800 on Institutional Buying  Businesskorea

Pound Holds Firm Near 1.34 Ahead of BoE, US Jobs Data  TradingPedia

Dollar Advances vs Yen as BoJ Doubts Cap Warning Impact  TradingPedia

Rupee falls 21 paise to 94.97 against US dollar in early trade  Daily Pioneer

PBOC Marginally Lifts Daily Yuan Fix Against the Dollar  TradingPedia

Taiwan said to ease exporter FX rule after record stocks exodus  The Business Times

The Indian Rupee (INR) extends previous trading day’s gains against the US Dollar (USD) on Monday on the back of a sharp correction in oil prices. As of writing, the USD/INR pair is down 0.23% to near 94.72.

EU open to flexibility on euro and Schengen if UK tries to rejoin  Reddit

Japan ready to respond to speculative currency market fluctuations — The Japan Times  UA.NEWS

Japan ready to respond to disorderly movements in FX market, Katayama says  The Japan Times

Forex trading explained: what moves the Aussie dollar and what to check in a forex broker  Times News Group

British Pound steadies near 1.3400 amid BoE rate hike expectations  FXStreet

Euro edges higher as Iran diplomacy hopes weigh on the USD; French debt worries cap gains  FXStreet

Japan’s Katayama says US-Japan FX statement ‘alive’, warns on disorderly yen moves  investingLive

Yen Trading Range Shrinks to 4.5-Year Low as Hedge Funds Slash Short Bets  Businesskorea