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EUR/USD ticks up from three-month lows as US Dollar eases
EUR/USD is trading with marginal gains on Tuesday, changing hands at 1.1525 at the time of writing after hitting fresh three-month lows earlier on the day.

Pound Sterling struggles against US Dollar as traders pare Fed dovish bets
The Pound Sterling (GBP) trades cautiously near its over six-month low of 1.3100 against the US Dollar (USD) during the European trading session on Tuesday.

UK Chancellor Reeves: Will focus on lowering inflation in budget
United Kingdom (UK) Chancellor of the Exchequer Rachel Reeves expresses concerns during the European trading session over the rising cost of borrowing. Reeves added that progress in inflation towards normalization has remained slow.

SNB's Tschudin: Interest rates should remain at their current levels
Swiss National Bank's (SNB) governing board member Petra Tschudin said on Tuesday that there is no need for monetary policy adjustments as inflation is unlikely to fall further.

USD/CAD Price Forecast: Tests seven-month highs near 1.4100
USD/CAD extends its gains for the fourth successive session, trading around 1.4060 during the European hours on Tuesday. The technical analysis of the daily chart indicates a prevailing bullish bias, with the pair moving upwards within the ascending channel pattern.

Forex Today: Australian Dollar weakens post-RBA, eyes on comments from central bankers
Here is what you need to know on Tuesday, November 4:

Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $60.61 per barrel, down from Monday's close at $60.90.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $64.50 after its previous daily close at $64.81.

EUR/GBP gathers strength above 0.8750, BoE rate decision in focus
The EUR/GBP cross gains traction to near 0.8775, snapping the two-day losing streak during the early European session on Tuesday.

USD/INR declines on possible RBI's intervention into local spot market
The Indian Rupee (INR) jumps to near 88.50 in the opening session against the US Dollar (USD) on Tuesday. The USD/INR pair faces a sharp selling pressure as the Indian Rupee strengthens on hopes that the Reserve Bank of India (RBI) has intervened in the currency market to support the Indian Rupee.

AUD/JPY Price Forecast: Bullish outlook remains in place near 100.50, RBA keeps rate unchanged
The AUD/JPY cross attracts some sellers to near 100.50 during the early European session on Tuesday.

US Dollar Index rises to near 100.00 due to cautious Fed policy outlook
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its winning streak for the fifth consecutive session and trading around 99.90 during the Asian hours on Tuesday.

USD/CHF climbs to over two-month high; bulls await move beyond 0.8100 amid firmer USD
The USD/CHF pair attracts buyers for the fifth consecutive day and climbs to its highest level since August 22 during the Asian session on Tuesday. The momentum lifts spot prices to the 0.8100 neighborhood and is sponsored by sustained US Dollar (USD) buying.

Japan's Takaichi: Inflation yet to sustainably hit BoJ's price target
Japan Prime Minister Sanae Takaichi said on Tuesday that Japan is still halfway through in achieving sustained achievement of the Bank of Japan's (BoJ) price target.

EUR/JPY depreciates toward 177.00 due to possible BoJ rate hikes
EUR/JPY continues its losses, trading around 177.20 during the Asian hours on Tuesday.

AUD/NZD sticks to gains near its highest level since September 2022, eyes 1.1500 after RBA
The AUD/NZD cross retreats a few pips from the vicinity of the 1.1500 mark, or the highest level since September 2022, touched during the Asian session, after the Reserve Bank of Australia (RBA) announced its policy decision.

WTI holds losses near $60.50 despite OPEC+ output pause
West Texas Intermediate (WTI) Oil price remains subdued for the second successive day, trading around $60.70 per barrel during the Asian hours on Tuesday.

Gold drifts lower amid receding safe-haven demand, firmer USD; downside seems limited
Gold (XAU/USD) continues with its struggle to find acceptance above the $4,000 psychological mark on Tuesday and meets with a fresh supply during the Asian session.

USD/CAD gains ground above 1.4050 amid US Dollar strength, lower crude oil prices
The USD/CAD pair gains ground to near 1.4070 during the Asian trading hours on Tuesday. The US Dollar (USD) strengthens against the Canadian Dollar (CAD) as traders dial back bets for further Federal Reserve (Fed) rate cuts.

AUD/JPY faces selling pressure as RBA keeps interest rates steady at 3.6%, as expected
The AUD/JPY pair slumps to near 100.40 during the Asian trading session on Tuesday as the Reserve Bank of Australia (RBA) has held its Official Cash Rate (OCR) steady at 3.6%. This is the second straight meeting when the RBA has maintained a status quo.

EUR/USD falls to near 1.1500 despite cautious ECB policy outlook
EUR/USD extends its losing streak for the fifth successive session, trading around 1.1510 during the Asian hours on Tuesday. The pair depreciates as the US Dollar (USD) gains support amid cautious sentiment over the US Federal Reserve (Fed) policy stance for December.
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