Historical Currency Market News Stories
US CPI Oct 24 Confirmed; Canada Jobs Cool BoC Odds
BLS confirmed the U.S. September CPI release for Oct 24 — a major USD catalyst — while Canada’s surprise +60,400 September jobs gain steadied the loonie and trimmed near-term odds of a BoC rate cut.
US CPI Oct 24 Confirmed; Canada Jobs Cool BoC Odds
BLS confirmed the U.S. September CPI release for Oct 24 — a major USD catalyst — while Canada’s surprise +60,400 September jobs gain steadied the loonie and trimmed near-term odds of a BoC rate cut.
Fed Hints at More Cuts, Dollar Weakens; CAD 1.40Q1
In the last 24 hours New York Fed President John Williams signaled support for additional rate cuts this year, nudging down U.S. rate expectations and weighing on the dollar. Separately, the Canadian dollar slid past C$1.40 per USD amid safe‑haven dollar demand and softer oil, heightening sensitivity ahead of Canada’s jobs report.
Dollar Rally Lifts FX; Yen Falls, RBI Bolsters INR
The US dollar strengthened broadly as yen weakness—driven by political and policy uncertainty in Japan—put the dollar on track for a strong weekly gain. Separately, the Reserve Bank of India's active dollar sales are providing near-term support to the rupee, capping volatility despite underlying pressures.
Dollar Rally Hits Highs; NZD Falls After 50bp Cut!
A broad dollar upswing pushed USD pairs higher (USD/JPY near 152.6; DXY up ~0.4%), while the RBNZ’s surprise 50bp cut to 2.50% sent NZD sharply lower. The moves tighten focus on yields, BoJ/US policy cues, and the RBNZ’s forward guidance.
Data Blackout Boosts Dollar; Yen Tumbles MoF Warns
A U.S. data blackout tied to a government funding gap has strengthened the dollar by thinning liquidity and increasing reliance on private indicators. Separately, the yen slid after political developments in Japan and a Ministry of Finance warning that authorities are monitoring excessive FX moves — keeping intervention risk alive for USD/JPY.
OPEC+ Oil Rise Lifts CAD/NOK; Yen Slumps LDP Win!!
OPEC+ approved a modest output increase, nudging oil prices higher and supporting commodity-linked currencies (CAD, NOK). Separately, Japan’s LDP leadership result sent the yen markedly lower, reshaping short-term JPY positioning. Clear FX implications and practical watch points for traders are summarized below.
Takaichi Win Hits Yen; Hungary's Cheap Loans Aid!!
Japan's ruling LDP selects Sanae Takaichi, prompting markets to lower expectations for immediate BoJ tightening and pushing the yen softer; Hungary launches a 3% fixed‑rate SME loan program ahead of elections, loosening domestic financial conditions and posing mild pressure on the forint.
U.S. Data Delays Hit USD; BOJ Caution Weakens Yen!!
A U.S. government shutdown has postponed the Labor Department's jobs release, creating a near‑term data vacuum that reduces conviction in dollar moves and heightens sensitivity to secondary indicators. Separately, BOJ Governor Ueda's measured tone on rate timing left the yen softer as markets trimmed near‑term bets on further BOJ tightening.
Fed Easing Lowers Dollar Hedges; Yen Stays Guarded
Fed easing has reduced the cost of hedging dollar exposures, encouraging non‑U.S. investors to increase hedge ratios and potentially add dollar‑selling flows. Separately, a cautious BOJ tone and election timing have kept the yen sensitive, limiting further JPY gains.
Euro HICP 2.2% Lift; CAD Weakens on PMI Drop
Eurozone flash inflation rose to 2.2% y/y, reinforcing a firmer euro as ECB rate easing looks less likely. In Canada, manufacturing PMI slid to 47.7, increasing odds of a Bank of Canada rate cut and weighing on the loonie; USD/CAD spiked on the data and softer oil.
US Shutdown Pressures Dollar; RBI Holds Rupee Line
A U.S. government shutdown pushed the dollar lower amid uncertainty over data and Fed timing, while India's RBI repeatedly intervened to defend the rupee near 88.80 per USD — creating distinct trade opportunities across FX.
Dollar Slides on US Shutdown Risk; Rupee Near Lows
The U.S. dollar weakened after investors priced in the risk of a near-term federal government shutdown that could disrupt data flow, while the Reserve Bank of Australia’s pause lent some support to the AUD. Separately, the Indian rupee traded close to record lows amid capital outflows and active intervention by the RBI.
Dollar Slips Before U.S. Data; Rupee Nears Relief!
The U.S. dollar eased as markets brace for a packed U.S. data schedule and mounting risk of a government shutdown, while the Indian rupee showed early signs of stabilization after recent record lows ahead of the RBI decision.
US Shutdown Risk Boosts USD; Rand Loses Ground
A White House meeting to head off a U.S. government shutdown raised dollar demand by increasing data uncertainty, while stronger U.S. economic prints pushed the South African rand lower. Traders should watch headline risk around the funding deadline and U.S. data sensitivity for USD/ZAR.
US PCE Holds; South Korea Opens 24-Hour FX Trading
US August PCE matched expectations—headline +0.3% m/m, core steady at 2.9% y/y—prompting a modest dollar pullback. Separately, South Korea will expand onshore FX trading to 24 hours, a structural shift that can alter KRW liquidity and intraday volatility.
Dollar Strength Eyes PCE; Rupee Slides on Tariffs!
A firming U.S. dollar, driven by stronger data and trimmed expectations for Fed easing, has traders focused on the upcoming PCE inflation print. Separately, fresh U.S. tariff announcements have added near-term pressure on the Indian rupee, prompting talk of RBI intervention and rising NDF stress.
Dollar Strength Eyes PCE; Rupee Slides on Tariffs!
A firming U.S. dollar, driven by stronger data and trimmed expectations for Fed easing, has traders focused on the upcoming PCE inflation print. Separately, fresh U.S. tariff announcements have added near-term pressure on the Indian rupee, prompting talk of RBI intervention and rising NDF stress.
Fed Chair Uncertainty Boosts Dollar; INR Mixed Now
Treasury begins Fed chair interviews, lifting dollar risk premia and keeping markets cautious ahead of key U.S. data. Separately, the Indian rupee traded in a tight range as exporter selling and importer hedging offset each other; forward premia and equity outflows remain the key drivers for INR direction.
Powell's Two-Sided Stance Lifts USD; AUD Rebounds!
Fed Chair Powell's emphasis on a data-driven, two-sided outlook kept the dollar buoyant and curtailed directional FX bets, while a hotter-than-expected Australian CPI trimmed RBA easing odds and gave the AUD a lift against lower-yielding currencies.