FX

Republican clean sweep makes it significantly easier to implement full policy agenda, ABN AMRO’s economists note. Parity for EUR/USD can be on the cards “Risks very firmly tilted to the downside for US and global economic growth and to the upside for US inflation. While Fed policy could be tighter than our current base line,

The Pound Sterling plunges against the US Dollar as Trump wins the US presidential elections. Trump’s victory could significantly dent the UK’s economic growth. Investors see the Fed and the BoE cutting interest rates by 25 bps on Thursday. The Pound Sterling (GBP) plummets to near 1.2850 against the US Dollar (USD) in London trading

Markets remain strongly inclined to trade a Red Sweep. 10y USTs still around 15bps higher on the day and 5s30s curve bear steepening. Market pricing for the Fed’s terminal has risen by around 10bps to 3.73% for end-2025 (around 100bps of further easing including this week). The USD has continued to trade around 1.5% higher, TDS’

Former president Donald Trump has been elected as the new president of the United States, according to the Associated Press. Trump has secured more than 270 electoral votes after winning in key swing states such as Pennsylvania and Wisconsin. Trump’s victory favors the so-called Trump trades, with the US Dollar and Bitcoin soaring. Former US president Donald

EUR/USD is hit badly with Trump’s victory in the US presidential election. The Fed is expected to cut interest rates again on Thursday but by a lower size of 25 bps. The Euro underperforms across the board as concerns over Eurozone economic growth have deepened. EUR/USD slightly recovers to 1.0750 after nosediving to near 1.0700

Former president Donald Trump is elected as US president after securing more than 270 electoral votes. Trump won the election after a comfortable victory, securing most of the so-called swing states. Kamala Harris hasn’t conceded yet as she is set to speak on Wednesday morning US time. Here is a recap of what we know

The US Dollar (USD) traded higher, as vote count skews in favour of Trump at time of writing. DXY was last at 104.92, OCBC’ FX analysts Frances Cheung and Christopher Wong note. Trump outcome may see a play-up of US-China trade tensions “The 7 swings states of Georgia, North Carolina, Pennsylvania, Michigan, Wisconsin, Arizona and

USD/CHF holds onto intraday gains near 0.8750 on US Trump’s victory. Market participants are expected to face higher import tariffs in Trump’s administration. The Swiss Franc pair rallies after breaking above 38.2% Fibo retracement at 0.8700. The USD/CHF pair rallies to near 0.8750 in Wednesday’s European session. The Swiss Franc pair surges to a fresh

The Mexican Peso plunges several percentage points against its major pairs after Donald Trump secures 267 electoral votes, three away from victory.  Trump’s threats of whacking huge tariffs on Mexican imports is wreaking havoc with the Peso.  USD/MXN closes an open chart gap and extends its established uptrend within a rising channel.   The Mexican Peso

US Dollar holds its ground at the end of the week, remains in consolidation mode. Fed officials remain cautious on inflation, as Durable Goods Orders miss market expectations. Markets continue to see two cuts by year-end. The US economy remains robust with GDPNow tracking third-quarter growth at 3.4%. The strong economic outlook might push the

UK Chancellor Reeves is walking a thin line as she seeks to find a balance between finding the funds to invest for growth while also maintaining the air of budgetary prudence, Rabobank’s FX analyst Jane Foley notes. GBP is holding up well so far “To avoid shocking gilt investors too much by the October 30

GBP/USD Price Forecast: Climbs to three-day peak, approaches 1.3000 The Pound Sterling recovered some ground and traded at around three-day highs of 1.2998 yet remained unable to crack the 1.3000 figure at the time of writing. Market mood has improved slightly, a headwind for Greenback, which, despite that, is headed to sustain weekly gains of more

The Australian Dollar loses ground despite the hawkish RBA’s policy outlook. The AUD inches lower as the US Dollar appreciates amid less-dovish sentiment surrounding the Fed. CME FedWatch Tool suggests a 97% chance of a 25-basis-point rate cut by the Fed in November. The Australian Dollar (AUD) edged lower against the US Dollar (USD) on

CTA trend followers are adding to their Palladium longs as price action triggers uptrend signals, TDS’ Senior Commodity Strategist Daniel Ghali notes. CTAs are set to sell at a large-scale over the coming week “Fear is the trade, given the US has requested G7 nations consider these inclusions, but the EU has already stopped short

USD/JPY falls due to mild correction in the US Dollar. US flash S&P Global PMI for October came in better than projected. Investors doubt whether the BoJ will hike interest rates again in the remainder of the year. The USD/JPY pair falls to near 152.00 in Thursday’s North American session after refreshing a 12-week high

The Pound Sterling (GBP) is holding up relatively well against the stronger USD, trading little changed on the session, Scotiabank’s Chief FX Strategist Shaun Osborne notes. GBP steadies near 100-day MA “BoE officials are speaking again in Washington, with Governor Bailey and MPC member Breeden on tap. Markets continue to price in a 1/4 point

Bank of Canada (BoC) is expected to cut its policy rate by 50 bps. The Canadian Dollar remains on the defensive against the US Dollar. Headline inflation in Canada dropped below the bank’s 2% target. The BoC will also release its Monetary Policy Report (MPR). There is broad anticipation that the Bank of Canada (BoC)

NZD/USD rebound from over a two-month low amid a modest USD downtick. A combination of factors should limit the USD slide and cap gains for the pair. The setup supports prospects for the emergence of fresh selling at higher levels.  The NZD/USD pair stages a modest recovery from the 0.6020 area, or its lowest level