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: 2025.10.07
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EUR is soft and trading defensively - Scotiabank
Breaking news
EUR is soft and trading defensively - Scotiabank
New
2025.10.07 21:01
2025.10.07 21:01
2025.10.07 21:01
The Euro (EUR) is down 0.3% against the US Dollar (USD) and showing signs of renewed weakness as it pushes back toward Monday's lows in the mid-1.16s, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Political uncertainty in France continues
"Focus remains on France as market participants assess President Macron's latest attempt to build a governing coalition by asking outgoing PM Lecornu to continue talks through Wednesday."
"France-Germany yield spreads have widened marginally but remain within the extended wides observed in late 2024. Fundamentally, Germany-US spreads remain supportive for the EUR, but measures of sentiment are turning bearish with a notable shift in risk reversals fading a good portion of the premium for protection against EUR upside."
"EUR/USD is extending its latest break below the 50 day MA (1.1683) and is also pushing below the descending trend line drawn from the July highs. We see no major support levels between the mid-1.16s and 1.15, and note the RSI's push below 50--suggesting an acceleration of bearish momentum. We look to a near-term range bound between 1.1650 and 1.1750."
Last updated
: 2025.10.07
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AUD/USD Price Forecast: Slips below 0.66 on US Dollar strength
The AUD/USD ended Thursday session with losses of 0.31%, beneath the 0.6600 figure after reaching a two-week high of 0.6617 following a red-hot inflation report two days ago that increased the chances that the Reserve Bank of Australia (RBA) would likely keep rates unchanged.
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2025.10.31 08:04EUR/USD sinks below 1.16 as Fed's hawkish cut and ECB hold weigh on Euro
EUR/USD retreats on Thursday as the European Central Bank (ECB) decided to hold rates unchanged, but traders, still digesting the 'hawkish' cut by the Federal Reserve (Fed) on Wednesday, kept the shared currency below the 1.1600 figure. The pair trades at 1.1565, down 0.30%.
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2025.10.31 06:00FX Today: Inflation data in Japan and the Euroland gather all the attention
The US Dollar (USD) added to Wednesday's post-Fed strong rebound and climbed to fresh two-month highs as market participants continued to assess the Fed's rate cut, the cautious approach from Chief Powell, and the lack of progress over a deal to end the federal government shutdown.
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2025.10.31 03:59USD/CHF steady near two-week high amid Fed caution and dovish SNB remarks
The Swiss Franc (CHF) weakens against the US Dollar (USD) on Thursday, with USD/CHF extending its advance to a two-week high around 0.8026, as the Greenback strengthens broadly following the Federal Reserve's (Fed) latest interest rate decision and renewed optimism over a US-China trade truce.
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The Dow Jones Industrial Average (DJIA) held in place on Thursday, churning chart paper near record highs as investors reconsidered their stance following the Federal Reserve's (Fed) latest appearance.
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2025.10.31 03:04Gold jumps as Fed cut offsets Powell's hawkish tone
Gold price rallies over than 1.50% on Thursday after the Federal Reserve (Fed) reduced rates as expected despite Chair Jerome Powell's hawkish comments at the press conference. Falling US Treasury yields and geopolitics boosted the yellow metal, which trades at $3,995 at the time of writing.
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2025.10.31 02:50New Zealand Dollar retreats as USD strength overshadows ANZ sentiment gains
NZD/USD trades around 0.5740 on Thursday at the time of writing, down 0.37% on the day, after briefly approaching a key resistance area at 0.5800 on Wednesday.
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2025.10.31 02:46USD/JPY extends rally to February highs, focus shifts to Japan CPI and retail data
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2025.10.31 01:39AUD/USD weakens as US Dollar gains on trade truce, hawkish Fed comments
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