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Forex Today: US Dollar holds near multi-month highs, eyes on central bank speak
Here is what you need to know on Tuesday, October 22: Following a quiet start to the week, the US Dollar (USD) gathered strength in the American trading hours on Monday, with the USD Index reaching its highest level since early August above 104.00.
GBP/USD Price Forecast: Holds position around 1.3000 within descending channel
GBP/USD retraces its recent losses, trading around 1.3000 during the Asian hours on Tuesday.
FX option expiries for Oct 22 NY cut
FX option expiries for Oct 22 NY cut at 10:00 Eastern Time, via DTCC, can be found below.
EUR/USD oscillates in a range above 1.0800, not out of the woods yet
The EUR/USD pair enters a bearish consolidation phase during the Asian session on Tuesday and oscillates in a range around the 1.0820 region, just above its lowest level since early August touched the previous day.
BoJ's Kato: Not targeting FX levels but are carefully looking at upside risks from rising import prices
Bank of Japan (BoJ) Executive Director Takashi Kato said on Tuesday that "we are not targeting FX levels but are carefully looking at upside risks from rising import prices." developing story ....
Gold price hovers near record high, bulls seem unaffected by elevated US bond yields
Gold price (XAU/USD) attracts some dip-buying during the Asian session on Tuesday and remains within the striking distance of a fresh record peak, around the $2,740-2,741 area touched the previous day.
Silver Price Forecast: XAG/USD rises above $34.00 due to safe-haven flows
Silver price (XAG/USD) continues its winning streak for the sixth consecutive day, trading around $34.10 per troy ounce during the Asian session on Tuesday.
Japan's Aoki: No comment on FX moves
Japan's Deputy Chief Cabinet Secretary Kazuhiko Aoki declined to comment on FX moves in his statement on Tuesday.
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Tuesday, according to data compiled by FXStreet.
USD/INR holds position due to foreign outflows from India, 16th BRICS Summit eyed
The Indian Rupee (INR) holds steady against the US Dollar (USD) on Tuesday, bolstered by the potential for market interventions from the Reserve Bank of India (RBI) that have helped the INR weather equity outflows and the dollar's strength.
WTI flat lines below $70.00 mark; demand concerns continue to cap the upside
West Texas Intermediate (WTI) US Crude Oil prices struggle to capitalize on the previous day's modest gains and oscillate in a narrow band, around the $69.70-$69.75 area during the Asian session on Tuesday.
USD/CAD consolidates below mid-1.3800s, bullish potential seems intact
The USD/CAD pair oscillates in a narrow band around the 1.3830 region during the Asian session on Tuesday and remains well within the striking distance of its highest level since August 6 touched the previous day.
Japanese Yen seems vulnerable near its lowest level since late July against USD
The Japanese Yen (JPY) edges higher against its American counterpart during the Asian session on Tuesday and reverses a part of the previous day's slide to the lowest level since late July.
NZD/USD inches higher to near 0.6050, upside seems limited due to increased risk aversion
NZD/USD may face challenges due to dovish sentiment surrounding the RBNZ's policy outlook.
Australian Dollar remains tepid as US Dollar appreciates following a surge in US yields
The Australian Dollar (AUD) stayed weak against the US Dollar (USD) on Tuesday, as the AUD/USD pair struggled following a surge in US Treasury yields, which rose over 2% on Monday.
PBOC sets USD/CNY reference rate at 7.1223 vs. 7.0982 previous
The People's Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1223, as compared to the previous day's fix of 7.0982 and 7.1229 Reuters estimates.
EUR/USD grinds closer to 1.08 in Monday fallback
EUR/USD fumbled on Monday, kicking off a new trading week with a downside push as price action waffled back into familiar 12-week lows just above the 1.0800 handle.
GBP/USD slips back below 1.30 on Monday's Greenback bounce
GBP/USD twisted into the low side on Monday, kicking off the new trading week with a fresh test south of the 1.3000 handle as Cable traders balk ahead of a hectic week that sees a slew of appearances from central bank figures, as well as an update on global Purchasing Managers Index (PMI) figures.
Fed's Daly: Rate cuts to resume, but policy rate remains dependent on inflation declines
Federal Reserve (Fed) Bank of San Francisco President Mary Daly noted late Monday that while she expects the Fed to continue slowly easing interest rates lower in the coming quarters, the Fed is still maintaining a data-dependent approach.
NZD/USD Price Analysis: Persistent bearish forces, oversold RSI hints at a possible rebound
In Monday's session, the NZD/USD pair extended its downward trajectory, depreciating by a significant 0.70% to settle at 0.6030.
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