Saturday, 10 October 2026
Practical forex advice, broker reviews & market insight, fx suggest
Category
The U.S. dollar edged higher on robust employment and GDP figures, lifting the dollar index close to a 2‑year high, while the euro and yen slipped on weaker European data and BOJ policy. Gold and silver fell to multi‑month lows amid a stronger dollar and rising bond yields.
Asian currencies remained largely unchanged against the U.S. dollar today, with a possible lift from early indications of renewed Middle East negotiations that could boost market risk sentiment.
The Taiwanese currency posted its biggest monthly gain in more than a year during August, but a surge of opposing forces is prompting experts to doubt the durability of the upturn.
Canadian Prime Minister Mark Carney announced on Saturday that Canada will levy equal‑value tariffs on U.S. imports as a direct response to the collapse of bilateral trade negotiations.
The joint U.S.–Japan currency intervention that briefly lifted the yen has prompted Japanese investors to deepen carry‑trade positions, with record purchases of foreign equities and long‑term bonds.
The euro rose to about 1.1580 against the dollar after softer US inflation data reduced expectations for further Fed tightening. Traders await ECB President Lagarde’s comments as the central bank signals a possible September rate hike.
The Swiss franc and Japanese yen are locked in a trade‑off driven by geopolitical risk, BoJ policy shifts and potential intervention, shaping the CHF/JPY pair for the coming months.
The AUD gained against the USD as market sentiment shifted toward a potential easing of U.S. monetary policy, while Australian policy remained firmly hawkish.
Asian currencies trade in a tight range against the U.S. dollar early in the session, while a recent climb in crude prices may exert downward pressure on inflation and growth prospects.
U.S. economic data that came in below expectations has weakened the dollar and reduced the market’s belief that the Federal Reserve will raise rates next month, while Treasury yields edged higher.
July data shows Japan’s corporate goods prices kept rising sharply, sustaining cost pressures while the Bank of Japan weighs further rate hikes.
The U.S. dollar index nudged up following a July CPI print that matched expectations, while heightened Middle‑East tensions kept the currency in demand as a safe haven.
Advertisement
