News

Gas prices, which typically decline in the latter half of the year, could fall to around $3 per gallon sometime in October, one expert says.

EUR/USD is heading lower for the third day in a row, trading at 1.1765 at the time of writing on Friday, down from the four-year highs above 1.1900 hit earlier this week.

The Euro (EUR) is down 0.2% vs. the USD and a relative underperformer against most of the G10 currencies, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Euro (EUR) is down 0.2% vs. the USD and a relative underperformer against most of the G10 currencies, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Canadian Dollar (CAD) is soft, trading defensively with a modest 0.1% decline against the US Dollar (USD), Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Canadian Dollar (CAD) is soft, trading defensively with a modest 0.1% decline against the US Dollar (USD), Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Pound Sterling (GBP) tumbles against its major peers on Friday as long-dated United Kingdom (UK) gilt yields gain sharply amid soaring public sector borrowings in August. 30-year UK gilt yields jump over 1% to near 5.50%.

The Pound Sterling (GBP) tumbles against its major peers on Friday as long-dated United Kingdom (UK) gilt yields gain sharply amid soaring public sector borrowings in August. 30-year UK gilt yields jump over 1% to near 5.50%.

The NZD/USD pair slides to near 0.5855 during the late European trading session on Friday, the lowest level seen in 10 days. The Kiwi pair weakens as the US Dollar (USD) extends its recent recovery move, with the US Dollar Index (DXY) rising to near 97.60.

The US Dollar (USD) remains well supported as it extends this week’s postFOMC gains with broad strength against all of the G10 currencies with the exception of JPY, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report.