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US President Donald Trump says he met with Swiss officials, signals progress on tariff dispute
US President Donald Trump said that he met with Swiss officials to discuss trade and other issues and announced additional trade talks, as the European nation seeks to reduce a tariff rate that ranks higher than any other developed nation, Bloomberg reported on Tuesday.

NZD/USD slumps below 0.5650 as New Zealand Unemployment Rate hits nine-year high
The NZD/USD pair tumbles to near 0.5640, the lowest since April 10, during the early Asian session on Wednesday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) after New Zealand's jobless rate rose to the highest in nine years in the third quarter (Q3).

GBP/USD plunges into new lows as losses accelerate
GBP/USD fell further on Tuesday, making a clean downside break of the 1.3100 handle and shedding around 0.9% over a single day as Cable losses continue to pile on.

BoJ Minutes: Current real interest rates are very low, will hike if data indicates
The Bank of Japan (BoJ) board members shared their views on the monetary policy outlook on Wednesday, per the BoJ Minutes of the September meeting.

US President Donald formalizes fentanyl, reciprocal tariff cuts in US-China deal
US President Donald Trump announced a cut to fentanyl-related tariffs on imports from China, lowering the rate from 20% to 10%, and the continued freeze of some of his reciprocal levies on Chinese goods, Bloomberg reported on late Tuesday.

USD/JPY declines to near 153.50 on growing concerns over US government shutdown
The USD/JPY pair attracts some sellers to near 153.65 during the early Asian session on Wednesday. The US Dollar (USD) edges lower against the Japanese Yen (JPY) amid growing concerns over the ongoing US government shutdown.

New Zealand's Unemployment Rate rises to 5.3% in Q3 vs. 5.3% expected
New Zealand's Unemployment Rate rose to 5.3% in the third quarter (Q3) from 5.2% in the second quarter, according to the official data released by Statistics New Zealand on Wednesday. The figure came in line with the market consensus of 5.3%.

FX Today: Focus shifts to US ISM Services PMI, US shutdown nears a record
The US Dollar (USD) kept pushing higher on Tuesday, flirting with six-month highs as traders continued to weigh the Fed's next move after last week's meeting. Growing expectations that the Committee might stay on hold in December are keeping the Dollar well bid.

EUR/USD extends losing streak as focus turns to ADP, ISM, and Eurozone data
The Euro (EUR) weakens further against the US Dollar (USD) as renewed demand for the Greenback keeps pressure on the pair. At the time of writing, EUR/USD is trading around 1.1481, extending losses for the fifth consecutive day.

EUR/JPY drops as Yen strengthens on BoJ rate hike signals, ECB pause
EUR/JPY trades around 176.30 on Tuesday at the time of writing, down 0.70% for the day. The pair extends its decline as the Japanese Yen (JPY) benefits from recent remarks by Bank of Japan (BoJ) Governor Kazuo Ueda, who hinted at a possible rate hike as early as December or January.

USD/JPY declines as Yen strengthens on safe-haven demand, BoJ hawkish tone
The USD/JPY pair declines on Tuesday to around 153.50 at the time of writing, down 0.40% on the day, as the Japanese Yen (JPY) attracts fresh safe-haven flows amid renewed global risk aversion.

AUD/USD falls as RBA maintains rate pause, US Dollar strengthens
AUD/USD falls on Tuesday, trading around 0.6500 at the time of writing, down 0.60% on the day. The Australian Dollar (AUD) extends losses after the Reserve Bank of Australia (RBA) decided to keep its Official Cash Rate (OCR) steady at 3.6%, as widely expected by markets.

GBP/USD hits seven-month low as UK fiscal concerns deepen ahead of BoE decision
The British Pound (GBP) remains under pressure against the US Dollar (USD) on Tuesday, with GBP/USD falling to its lowest level since April 11 amid broad-based Greenback strength and growing fiscal concerns in the United Kingdom (UK).

EUR/GBP Price Forecast: Pound weakens ahead of BoE decision, holds near 0.8800
EUR/GBP trades around 0.8800 on Tuesday at the time of writing, up 0.40% on the day, supported by Pound Sterling (GBP) weakness ahead of Thursday's Bank of England (BoE) policy meeting.

WTI Price Forecast: Bearish bias intact below 50 and 100-day SMAs
West Texas Intermediate (WTI) trades on the back foot on Tuesday as traders digest the latest OPEC+ decision to pause planned supply increases, with lingering oversupply concerns capping upside momentum.

JPY is outperforming on broader market tone - Scotiabank
The Japanese Yen (JPY) is strong, up 0.5% against the US Dollar (USD) and outperforming all of the G10 currencies in an environment broad-based USD strength and risk aversion, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

GBP weak, underperforming with pro-risk currencies - Scotiabank
The Pound Sterling (GBP) is weak, down 0.6% against the US Dollar (USD) and underperforming most of the G10 currencies in an environment of broad-based USD strength, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

EUR soft and hitting fresh local lows around 1.15 - Scotiabank
The Euro (EUR) is soft, down a modest 0.2% against the US Dollar (USD) and a mid-performer against all of the G10 currencies, hitting fresh local lows around 1.15 in an environment of renewed USD strength.

CAD softer amid weak risk appetite - Scotiabank
Weak risk appetite is just another reason for markets to nudge the Canadian Dollar (CAD) lower this morning, although CAD losses are at least more moderate than other high beta/ commodity currencies, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

USD: Markets start to worry about frothy tech stocks - Scotiabank
The US Dollar (USD) is extending gains for a fifth day, driving the Dollar Index (DXY) to test the 100 area on the back of weaker equity market risk sentiment, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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