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The Euro (EUR) recovers modestly against the US Dollar (USD) on Monday, paring earlier losses after briefly hitting its lowest level in nearly two weeks. The pair climbs back above 1.1700 as the Greenback’s initial advance, driven by weakness in the Euro and the Japanese Yen (JPY), loses steam.

The Pound Sterling remains flat during the North American session as the government shutdown in the US reached its sixth day, which has kept financial markets trading blind without economic data.

The Pound Sterling (GBP) remains flat during the North American session on Monday as the US government shutdown reaches its sixth day, which has kept financial markets trading blind due to the lack of economic data. GBP/USD trades at around 1.3474, virtually unchanged.

The British Pound (GBP) strengthens against the Japanese Yen (JPY) on Monday, opening the week with a sharp gap higher as the Yen weakens following Japan’s political transition.

Australian consumer sentiment dropped -3.5% mom to 92.1 in October, according to the Westpac-Melbourne Institute survey, erasing all gains seen between May and August when rate cuts briefly lifted confidence. The index has returned to “firmly pessimistic” territory, signaling renewed caution among households. Westpac said consumers were unsettled by recent inflation updates, with partial indicators […]

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The New Zealand Institute of Economic Research maintained its forecast for two additional 25bps cuts by the RBNZ at the October and November meetings, despite a mild uptick in inflation pressures during Q3. In its latest Quarterly Survey of Business Opinion (QSBO), NZIER said a net 11% of firms raised prices, compared with 1% reporting […]

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At an event overnight, Kansas City Fed President Jeff Schmid warned that price increases have become “more widespread”, with 80% of inflation categories rising, compared with 70% earlier this year. He called the trend “worrying,” indicating that underlying inflation pressures remain entrenched. Schmid said he sees a “relatively muted effect” from tariffs on inflation, but […]

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Gold (XAU/USD) extends its historic run beyond $3,900 on Monday, notching one record high after another as the prolonged United States (US) government shutdown, dovish Federal Reserve (Fed) bets, and renewed political jitters in Europe keep safe-haven demand elevated.

ECB President Christine Lagarde told a European Parliament’s committee that the Eurozone’s “disinflationary process is over”, with inflation now hovering around 2% and expected to remain near target over the medium term. She said this backdrop justified the Governing Council’s recent decision to keep interest rates unchanged. Lagarde noted that risks to economic growth have […]

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