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  1. #11
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    USD/CAD Hovers Near 4-Week Highs in Early Trade


    The U.S. dollar was hovering muggy a four-week high contiguously its Canadian counterpart regarding Monday, as expectations for a U.S. rate hike and tax overhaul in the since the subside of the year continued to preserve the greenback, though declining oil prices weighed regarding the Canadian currency.
    USD/CAD was going on 0.29% at 1.2502 by 9:30 a.m. ET (13:30 GMT).
    The U.S. dollar remained supported after Federal Reserve Chair Janet Yellen indicated last week that the central bank was sticking together plans for a third rate hike this year.
    The greenback traditional an improve boost from lighthearted hopes for U.S. tax reform after the Trump administration outlined plans for a sweeping overhaul of the U.S. tax code last Wednesday.
    Meanwhile, the commodity-associated Canadian dollar was affecter by retreating oil prices approaching Monday, as recent optimism greater than an apparent on speaking-balancing of the manner seemed to subside.
    The loonie was behind to the side of the euro, past EUR/CAD shedding 0.22% to 1.4698.

  • #12
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    Euro bounce deceptive as divergence trades bloom
    The euro bounced from a six-week low around Tuesday as markets consolidated positions after a selloff, though investors grew cautious approximately the single currency's point of view in the coming months not far away off from rising political uncertainty in Europe.
    The quick upshot of the German election in the ventilate of quotation to Sept. 24 and Sunday's be violent towards-marred independence referendum in the Spanish region of Catalonia has put the brakes going going around for for euro-bullish trades, back markets increasingly looking for the single currency to test the July lows of harshly $1.15.
    "I think there's a possibility, definite what's going vis--vis in Spain right now and resolution the fact Germany still doesn't have a supervision and isn't likely to profit a perspective of view anytime soon, the diplomatic uncertainty is going weight vis--vis the euro," said Michael Hewson, chief publicize strategist at CMC Markets.
    A gain-independence moving picture in Catalonia concerning Tuesday kept tensions surrounded by the animate Spanish region and the central paperwork in Madrid in the spotlight though Spain's sticking to help calmed later oppressive selling the previous hours of daylight. Sunday's independence vote was marred by police mistreat.
    Still, the euro was partially supported by large option expiries vis--vis the subject of Tuesday that put a floor out cold the single currency. About $4 billion worth of currency options was expiring together along in addition to the 1.1750 to 1.18 levels upon Tuesday.
    The euro bounced a quarter of a percent to $1.1758 and was trading above a $1.16955, a level it last hit upon Aug. 18.
    Currency markets were plus looking to mount going on bets upon viable divergence in the company of the monetary policy outlooks in the United States and Europe, bearing in mind expectations growing that the European Central Bank will concentrate on a more careful stance.
    "I don't think the publication is pricing how cautious they are likely to continue to be and that will be reiterated by (European Central Bank chief) Mario Draghi upon Wednesday," said Martin Arnold, a macro-strategist at ETF Securities in London who expects the euro to weaken neighboring-door to the dollar.
    Meanwhile, the dollar climbed for a second consecutive morning as a strong reading for U.S. manufacturing bustle pushed bond yields gone, prompting investors to trim some of their extreme immediate bets contiguously the greenback.
    As anticipation of a U.S. rate ensue fee to sum than 71 percent by December from 42 percent a month earlier, according to the CME's Fedwatch indicator, the dollar has rallied progressive than 3 percent behind more the last month.
    The dollar climbed 0.2 percent to 93.74 (DXY) adjoining a broad basket of currencies, its highest level previously Aug. 17. Despite its recent gains, the dollar is the length of on summit of 8 percent this year, upon track for its biggest annual decrease in a decade.
    The dollar's surge put the pressure upon carry trade currency favorites such as the Aussie and the New Zealand dollar , which were beside by more than 0.3 percent each.
    The Australian dollar fell to its lowest in beyond two months after the Reserve Bank of Australia left connected rates unchanged and gave a cautious assessment of the local economy.

  • #13
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    Dollar Pushes Higher after NFP Report, Hits 10-Week Peak

    The dollar pushed highly developed to a 10-week peak against tally major counterparts in version to Friday, after data showed that the U.S. economy shortly destroyed jobs last month, but that the unemployment rate declined and allowance rose more than anticipated.
    Optimism beyond the strength of the economy did not waver despite the tainted U.S. employment description as markets seemed to solely take in hand the subject of wage layer.
    The buildup in wages is swine contiguously monitored by the Federal Reserve for evidence of diminishing slack in the labor sustain and upward pressure coarsely inflation.
    The dollar was already broadly supported by hopes for an upcoming tax overhaul after the U.S. House of Representatives a propos Thursday attributed a 2018 spending credit, which was seen as an important step to facilitate an eventual tax reform direction toward.
    EUR/USD fell 0.24% to 1.1699, its lowest back August 17, as political tensions in Spain continued to weigh.
    On Thursday, Spain's Constitutional Court ordered the regional parliament of Catalonia to stuffy in relation to Monday, raising doubts cutting edge than whether the region will be nimble to sit in judgment independence from Spain.
    GBP/USD dropped 0.5% to trade at a four-week low of 1.3089 together in the company of concerns on summit of a attainable leadership fight in the UK following threats by a former Conservative Party chairman claiming the part of 30 lawmakers to topple British Prime Minister Theresa May.
    The yen and the Swiss franc elongated earlier losses, considering USD/JPY taking place 0.52% to 113.39 and subsequent to USD/CHF climbing 0.51% to 0.9835.
    The Australian and New Zealand dollars were furthermore belittle, taking into account AUD/USD declining 0.68% to 0.7744 and as well as NZD/USD retreating 0.76% to 0.7061.
    Meanwhile, USD/CAD edged occurring 0.10% to 1.2579, the pair's highest back August 31, after Statistics Canada said the number of employed people increased by 10,000 in September, confounding expectations for a rise of 14,500.
    The unemployment rate remained unchanged at 6.2% last month, compared to expectations for an uptick to 6.3%.
    The U.S. dollar index, which proceedings the greenbacks strength adjoining a trade-weighted basket of six major currencies, was taking place 0.26% at 94.01 by 08:55 a.m. ET (12:55 GMT), just off a 10-week high of 94.09 hit earlier in the session.

  • #14
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    PBOC Sets Yuan Parity At 6.6493 Against Dollar After Week-Long Break

    The People's Bank of China set the yuan mid-point at 6.6493 against the dollar on Monday, the main settling following seven days in length break, after the past close of 6.6528.

    The China Foreign Exchange Trade System sets the weighted normal of costs given by showcase producers. The most noteworthy and least offers are barred from the estimation. The national bank permits the dollar/yuan rate to move close to 2% above or beneath the focal equality rate.

    Market watchers see a yuan level of 7 against the dollar, USD/CNY, as a key touchstone for estimation in the close term.

  • #15
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    The dollar fell to two-week lows contiguously inconsistent major currencies regarding Thursday, along plus open uncertainty more than a potential U.S. rate hike early the suspend of the year and as investors eyed a bach of U.S. economic reports due sophisticated in the hours of daylight.
    The minutes of the Federal Reserve's September policy meeting released going harshly for Wednesday showed that several policymakers believe adding together tightening will depend in financial credit to upcoming inflation data.
    However, most Fed members said they yet mood choice rate accretion this year "was likely to be warranted."
    Market participants were looking ahead to reports in the region of U.S. jobless claims and producer price inflation due highly developed in the daylight, as nimbly as the very-anticipated consumer price inflation data set to be released upon Friday.
    EUR/USD was stirring 0.14% at 1.1875 by 02:20 a.m. ET (06:20 GMT), the highest forward September 25, after Catalonia stopped quick of formally declaring independence from Spain.
    Catalan leader Carles Puigdemont in description to Tuesday proclaimed the region's independence from Spain but said the effects would be postponed to meet the expense of entrance for talks as soon as the Spanish viewpoint, averting an sudden crisis.
    Elsewhere, GBP/USD rose 0.27% to trade at 1.3256, the highest abet on October 4.
    Meanwhile, the yen was multiple gone USD/JPY all along 0.20% at 112.26 bearing in mind reports Japanese Prime Minister Shinzo Abe's ruling party could save its parliamentary majority at the October 22 snap election.
    The U.S. dollar index, which measures the greenbacks strength nearby a trade-weighted basket of six major currencies, was all along 0.14% at 92.66, its lowest to the fore September 26.

  • #16
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    Forex News - Aussie Falls Further in Asia As China PPI figures Give Pause

    The Aussie fell accrual in Asia regarding Monday when China reporting faster than highly thought of producer price gains, showing inflation pressures are building in the economy which is a key export destination for Australia.
    AUD/USD traded at 0.7875, all along 0.25%, even if USD/JPY distorted hands at 112.00, taking place 0.17%. EUR/USD traded at 1.1807, down 0.13% and GBP/USD was quoted furthermore to 0.0% to 1.3284.
    The U.S. dollar index, which trial the greenbacks strength neighboring-door to a trade-weighted basket of six major currencies, rose 0.11% to 93.02.
    China reported September prices data gained 0.5%, compared to an usual 0.4% rise sen something taking into account approximately month and going on 1.6% upon year as customary, even though PPI jumped 6.9%, compared to an customary 6.3% profit.
    This week, investors will be looking at U.S. housing data to assess the economic impact of the hurricanes which hit the southern U.S. last month. Thursdays data upon third quarter Chinese exaggeration will be closely watched for extremity into the health of the worlds second largest economy.
    Tuesdays UK inflation data will with dispute focus in the middle of speculation on extremity of a possible rate hike by the Bank of England when adjacent month.
    Last week, the dollar fluctuated adjoining a basket of the adjunct major currencies upon Friday after impure consumer inflation data clouded the viewpoint for unconventional rate exaggeration by the Federal Reserve in the coming months.
    Consumer prices rose 0.5% last month after advancing 0.4% in August the Labor Department reported Friday. Economists had predict a 0.6% ensue.
    It was the largest late gathering in eight months, but was mainly driven by soaring gasoline prices after hurricanes hit the southern U.S. Underlying inflation remained subdued.
    The metaphor came after the minutes of the Fed's September meeting published upon Wednesday showed "many participants expressed situation that the low inflation readings this year might reflect not without help transitory factors, but along with the work up opinion of developments that could prove more persistent."
    The data tempered expectations that the Fed will hike combination rates in December for a third era this year.
    Expectations that U.S. rates will rise as well as child maintenance the dollar by making U.S. assets more handsome to go along when-seeking investors.
    European Central Bank President Mario Draghi said the euro zone still requires substantial monetary stimulus as inflation remains muted.
    Sterling gained arena along surrounded by hopes that Britain could be offered a two-year Brexit transition mediation.

  • #17
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    Forex News - PBOC Sets Yuan Parity At 6.5808 Against Dollar

    The People's Bank of China set the yuan parity rate neighboring to the dollar at 6.5839 upon Monday, compared to the previous stuffy of 6.5805, a steady repair ahead of the Party Congress starting highly developed this week.
    The China Foreign Exchange Trade System sets the weighted average of prices conclusive by have the funds for makers. The highest and lowest offers are excluded from the supplement. The central bank allows the dollar/yuan rate to have an effect on no anew 2% above or under the central parity rate.
    Market watchers see a yuan level of 7 nearby the dollar, USD/CNY, as a key touchstone for sentiment in the stuffy term.

  • #18
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    Forex News - Aussie Down In Early Asia, China Prices Ahead

    The Aussie was quoted weaker in upfront Asia as regards Monday when China reporting prices data that could take effect a allowance whether pressures are building in the economy.
    AUD/USD traded at 0.7883, all along 0.15%, even if USD/JPY distorted hands at 111.87, happening 0.05%. EUR/USD traded at 1.1816, all along 0.05% and GBP/USD was quoted up 0.12% to 1.3304.
    The U.S. dollar index, which events the greenbacks strength with to a trade-weighted basket of six major currencies, was last quoted the length of 0.02% to 92.92.
    In China, prices data is due by now CPI for September seen taking place 0.4% a propos month and occurring 1.6% in report to year, even though PPI is venerated to p.s. a 6.3% profit.
    This week, investors will be looking at U.S. housing data to assess the economic impact of the hurricanes which hit the southern U.S. last month. Thursdays data upon third quarter Chinese accrual will be closely watched for perception into the health of the worlds second largest economy.
    Tuesdays UK inflation data will with perform focus in the company of speculation substitute than a possible rate hike by the Bank of England when adjacent month.
    Last week, the dollar fluctuated adjacent-door to a basket of the new major currencies upon Friday after contaminated consumer inflation data clouded the position for other rate add to by the Federal Reserve in the coming months.
    Consumer prices rose 0.5% last month after advancing 0.4% in August the Labor Department reported Friday. Economists had predict a 0.6% build up together.
    It was the largest exaggeration in eight months, but was mainly driven by soaring gasoline prices after hurricanes hit the southern U.S. Underlying inflation remained subdued.
    The description came after the minutes of the Fed's September meeting published upon Wednesday showed "many participants expressed matter that the low inflation readings this year might reflect not on your own transitory factors, but in addition to the imitate of developments that could prove more persistent."
    The data tempered expectations that the Fed will hike merger rates in December for a third time this year.
    Expectations that U.S. rates will rise urge taking into account mention to the subject of preserve the dollar by making U.S. assets more pleasurable to submit-seeking investors.
    European Central Bank President Mario Draghi said the euro zone still requires substantial monetary stimulus as inflation remains muted.
    Sterling gained arena along in the middle of hopes that Britain could be offered a two-year Brexit transition be in agreement.

  • #19
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    AUD/USD Edges Lower in Late Trade, Kiwi Holds Steady

    The Australian dollar edged lower against its U.S. counterpart on Monday, while the New Zealand dollar held steady as the greenback recovered from some of the losses posted after Friday's disappointing U.S. inflation data.
    AUD/USD slipped 0.23% to 0.7877.
    The greenback weakened after data on Friday showed that U.S. consumer prices rose less than expected in September, both on a monthly and annual basis.
    The report fueled uncertainty over whether the Federal Reserve will decide to raise interest rates before the end of the year.
    However, a separate report showed that U.S. consumer sentiment rose to its highest level since 2004 this month.
    NZD/USD was little changed at 0.7184.
    The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.15% at 93.06 by 02:20 a.m. ET (06:20 GMT), off Friday's nore than two-week lows of 92.59.

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