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USD firms as Fed signals slower pace of easing - BBH
US Dollar (USD) and Treasury yields are consolidating their post FOMC meeting gains. The US and China agreed to a one year trade truce. Under the deal, both countries plan to cancel some tariffs, roll back export controls and reduce other trade barriers.

EUR/GBP hits two-year high as Eurozone GDP surprises, Pound under pressure
The EUR/GBP pair trades around 0.8810 on Thursday at the time of writing, up 0.20% on the day and hovering near its highest level in more than two years, as traders brace for the European Central Bank (ECB) monetary policy announcement later in the day.

AUD/USD gives up early gains as US Dollar rebounds after Trump-Xi meeting
The AUD/USD pair gives back its early gains and ticks down to near 0.6570 during the European trading session on Thursday.

USD/CAD picks up to 1.3950 amid a firmer US Dollar
The US Dollar is regaining lost ground against the Loonie, amid broader Greenback strength as markets ponder the scope of the Sino-US trade deal.

AUD/USD: Likely to trade between 0.6550 and 0.6605 - UOB Group
The current price movements are likely part of a range-trading phase between 0.6550 and 0.6605. In the longer run, the price action continues to suggest AUD strength; the next level to watch is 0.6630, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

GBP/USD: Likely to consolidate between 1.3140 and 1.3245 - UOB Group
Pound Sterling (GBP) is likely to consolidate between 1.3140 and 1.3245. In the longer run, GBP is still negative, but it remains to be seen if 1.3100 is within reach during this phase of weakness, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Euro area: Inflation model predicts no surprise - Standard Chartered
Standard Chartered's inflation model uses surprise vs consensus for Spain core inflation to predict region-wide surprises. It predicts that euro-area core HICP inflation for October will be in line with consensus' 2.3% y/y number.

USD: Fed discord makes the dollar a tougher sell - ING
The US Dollar (USD) is broadly, albeit modestly, stronger after last night's FOMC statement and press conference. The statement was largely as expected, but the press conference turned into a kind of 'rate protest' from the Federal Reserve.

EUR/USD picks up from lows as the focus turns to the ECB
EUR/USD is going through a mild recovery on Thursday, trading around 1.1620 at the time of writing, after having hit lows at 1.1580 on Wednesday.

Copper hits record high - ING
Copper hit a record on the LME yesterday, topping its previous high of $11,104.50/t set in May 2024. A supportive macro backdrop, falling US Dollar (USD), rate cuts and low inventories have lifted industrial metals prices recently, ING's commodity experts Ewa Manthey and Warren Patterson note.

EUR/JPY Price Forecast: Trades near record highs above 178.00 as bullish bias persists
EUR/JPY gains ground after remaining flat in the previous session, trading around 178.50, near record highs, during the European hours on Thursday.

JPY: Policy rate unchanged - Commerzbank
As expected, the Bank of Japan (BoJ) left its key interest rate unchanged at 0.5% at its monetary policy meeting this morning.

Funds trim TTF Gas longs amid fresh short positions - ING
Investment funds reduced their net long exposure in TTF natural Gas by 14.3TWh to 46.2TWh last week, mainly due to new short positions. Despite storage levels slipping to just under 83%--below the five-year average--European Gas prices remain range-bound.

USD: Not much news out of South Korea - Commerzbank
Not long ago, the long anticipated meeting between Donald Trump and Xi Jinping came to an end, but just from looking at the fx markets you might have missed it.

EUR/USD: Likely to trade in a range between 1.1575 and 1.1635 - UOB Group
Euro (EUR) is likely to trade in a range between 1.1575 and 1.1635. In the longer run, EUR is under mild downward pressure; it may edge lower but is unlikely to threaten the support at 1.1540, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

GBP: Don't chase the sterling sell-off - ING
On Wednesday, the Pound Sterling had a sell-off and Gilt yields were falling, ING's FX analyst Chris Turner notes.

USD: Who let the hawks out? - Commerzbank
The Fed's monetary policy decision-making body, the FOMC, is deeply divided. That was probably the most important message from yesterday's meeting and press conference with Fed Chair Jay Powell. According to the Fed Chair, opinions on how to proceed differ significantly.

EUR: Focus on 3Q GDP releases - ING
It could have been worse for EUR/USD. Consensus and ING's view for a rally in EUR/USD towards 1.20 into year-end largely depends on a dovish Fed. It is not as though we are particularly bullish on the euro.

USD/CAD rebounds to near 1.3950 following Trump-Xi meeting
USD/CAD pared its daily losses and is hovering around 1.3950 during the European trading hours on Thursday. The pair gains ground following the meeting between US President Donald Trump and China's President Xi Jinping in South Korea.

Australia: RBA likely to hold off easing for the remainder of this year - UOB Group
Australia's consumer price index (CPI) climbed to 1.3% q/q in 3Q25, rising from the 0.7% q/q reading in 2Q25, and coming in stronger than consensus estimate of 1.1%. The latest reading marked the highest quarterly rise since Mar 2023.
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