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USD/CAD Price Forecast: Bulls take a breather near 1.3800 ahead of BoC rate decision
The USD/CAD pair attracts some dip-buyers following the previous day's modest slide and sticks to its positive bias around the 1.3825 region through the first half of the European session on Wednesday.
EUR: ECB hawks fly low - ING
EUR/USD briefly printed below 1.0800 overnight. Markets could see the pair stabilise around current levels for a bit longer, but the chances of a sustainable rebound remain slim as the USD:EUR two-year swap rate gap is now at its widest since May (145bp) and it's hard to pinpoint any clear driver for a retightening in the near term, ING's FX Francesco Pesole notes.
USD momentum and FX volatility concerns - DBS
The DXY had firmed slightly above 104, but the US Dollar's (USD) momentum could be tapering off already, DBS' FX & Credit Strategist Chang Wei Liang notes.
GBP/USD: Can dip towards 1.2940 - UOB Group
The Pound Sterling (GBP) could dip towards 1.2940 again before a more sustained rebound is likely.
USD: Still upside risks into the election - ING
The US Dollar (USD) continues to benefit from a wide range of supporting factors.
EUR/USD: Under mild downward pressure - UOB Group
The Euro (EUR) is under mild downward pressure; it is likely to edge lower but is unlikely to break the major support at 1.0770.
Mexican Peso trades in a range ahead of Retail Sales, with weak growth outlook a headwind
The Mexican Peso (MXN) trades range bound in its key pairs on Wednesday, continuing the theme of the week so far.
EUR/GBP depreciates toward 0.8300 due to rising likelihood of another rate cut by the ECB
EUR/GBP remains subdued near 0.8310 during European trading hours on Wednesday, following losses in the previous session.
BoC looks set for another interest rate cut, with markets tilting toward 50 basis points trim
Bank of Canada (BoC) is expected to cut its policy rate by 50 bps.
USD/CHF edges higher to near 0.8700 due to solid US Dollar
USD/CHF appreciates and trades around 0.8680 during the early European hours on Wednesday.
EUR/USD weakens further as ECB officials support more rate cuts
EUR/USD slides slightly below 1.0800 in Wednesday's European session.
Forex Today: Choppy action continues ahead of BoC rate decision, more central bank speak
Here is what you need to know on Wednesday, October 23: The action in financial markets remain choppy early Wednesday following a relatively quiet Tuesday.
GBP/USD tests 1.3000, faces headwinds due to dovish sentiment surrounding the BoE
The GBP/USD pair edges higher toward 1.3000 during Asian trading on Wednesday.
FX option expiries for Oct 23 NY cut
FX option expiries for Oct 23 NY cut at 10:00 Eastern Time, via DTCC, can be found below.
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