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CAD steadier but underperforms versus majors - Scotiabank
The Canadian Dollar (CAD) has picked up a little ground in quiet trade to move back through the low 1.39s but its broader underperformance is extending and the chances of a significant rebound on its own merits look limited at this point, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theo
NZD/USD appears to have entered a consolidation phase between 0.5760 and 0.5790 - UOB Group
New Zealand Dollar (NZD) appears to have entered a consolidation phase between 0.5760 and 0.5790. In the longer run, the outlook for NZD remains negative; the next level to watch is 0.5730, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/JPY Price Forecast: Slides to near 148.60 as Yen's safe-haven demand improves
The USD/JPY pair extends its correction to near 148.60 during the European trading session on Monday, which it started on Friday after failing to gain further above the psychological level of 150.00.
AUD/USD eases from 0.6573 with RBA's monetary policy on focus
The Aussie Dollar is trimming some gains ahead of the US Session opening on Monday.
USD softer, Gold makes new record high - Scotiabank
The US Dollar (USD) is tracking lower overall against the major currencies as last week's bid tone fades and traders look ahead to this week's risk events, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
AUD/USD has room to test 0.6565 - UOB Group
Recovery in Australian Dollar (AUD) has room to test 0.6565; a continued rise above this level is unlikely. In the longer run, the price action continues to suggest AUD weakness, likely toward 0.6500, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EUR/GBP Price Forecasts: Showing signs of topping at 0.8750
The Euro is trading with marginal losses for the second consecutive day on Monday.
GBP/JPY slumps to near 199.50 as Japanese Yen outperforms across the board
The GBP/JPY pair trades 0.4% down to near 199.50 during the European trading session on Monday. The pair falls sharply as weakness in the US Dollar (USD) due to mounting United States (US) government shutdown risks has increased the safe-haven appeal of the Japanese Yen (JPY).
TRY: Political rulings extend uncertainty - Commerzbank
Istanbul's 45th civil court last week ruled that a scheduled extraordinary congress to be held by CHP on 24 September could not be legally held. After appeals by CHP, YSK - which is supposed to have the final word on election matters - re-convened and re-authorised the congress.
GBP/USD: Likely to trade in a range between 1.3375 and 1.3430 - UOB Group
Pound Sterling (GBP) is likely to trade in a range between 1.3375 and 1.3430. In the longer run, downward momentum is starting to slow, but only a breach of 1.3445 would indicate that the weakness in GBP has stabilised, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/JPY retreats from 150.00 - BBH
USD/JPY slipped to 148.50 after failing to hold above the 150.00 mark, as hawkish BOJ signals reinforced expectations of a rate hike at the October 30 meeting, BBH FX analysts report.
Australian central bank likely to wait and see tomorrow - Commerzbank
Tomorrow morning, the Australian central bank will hold its regular meeting, bringing this nerve-wracking month of nine G10 central bank meetings to a close.
GBP: Focus on the UK Labour Party conference - ING
Pound Sterling (GBP) has been underperforming since around the middle of September, with plenty of focus on whether the UK is 'going bust' or will require an IMF bail-out - neither of which is likely, ING's FX analyst Chris Turner notes.
USD/CHF ticks up from 0.7950 amid risks of a US government shutdown
The US Dollar is trimming some losses during Monday's European session.
USD slips as shutdown risks weigh on Fed outlook - BBH
US Dollar (USD) slips across the board, BBH FX analysts report.
EUR: Spain leads the way - ING
While Germany continues its soul-searching on the future path for growth and France remains mired in budget uncertainty, Spain is doing very well, ING's FX analyst Chris Turner notes.
USD: A follow-up to performance since Trump's election - Commerzbank
In the months leading up to and following the November 2024 election, the USD performed similarly to how it did in 2016/17, i.e. before and after Donald Trump's first election as US President.
USD/JPY holds above 50-DMA, eyes 151.20 resistance - Société Générale
USD/JPY is consolidating after rebounding from key trend line support and reclaiming the 50-day moving average, with focus now on the 150.90/151.20 resistance zone, Société Générale's FX analysts note.
EUR/USD: Likely to trade in a higher range of 1.1685/1.1735 - UOB Group
The firmer underlying tone suggests Euro (EUR) is likely to trade in a higher range of 1.1685/1.1735.
ECB's Makhlouf: We are near the bottom of the easing cycle
"We are near the bottom of the easing cycle," European Central Bank (ECB) Governing Council member and Central Bank of Ireland Governor Gabriel Makhlouf said on Monday.
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