Trading news

The Canadian Dollar (CAD) shed weight at an accelerating pace on Thursday, falling over one-half of one percent against the US Dollar (USD) amid a broad-market uptick in Greenback demand.

The Dow Jones Industrial Average (DJIA) knocked sharply lower on Thursday following a week-long meandering period. The Dow tumbled into the 46,300 region after opening the American market session near 46,600, knocking the major equity index down around 300 points at the time of writing.

The Japanese Yen (JPY) remains under pressure against the US Dollar (USD) on Thursday, extending losses for a sixth consecutive day as risk flows keep the pair supported.

The US Dollar (USD) maintained its constructive tone on Thursday, advancing to two-month highs amid the lack of progress around the US government shutdown and always underpinned by the generalised risk-off sentiment in the FX universe.

United States 30-Year Bond Auction increased to 4.734% from previous 4.651%

The Australian Dollar (AUD) weakens on Thursday, trading at 0.6550 against the US Dollar (USD), down 0.50% at the time of writing. The Aussie gives up its early gains as the Greenback recovers, supported by a rebound in the US Dollar Index (DXY), which hovers near a two-month high around 99.50.

Federal Reserve (Fed) Governor Michael Barr spoke about the economic outlook at the Economic Club of Minnesota in Golden Valley, and said that It's hard to judge at this point whether federal government shutdown will leave an imprint on overall economy.

Banco de Mexico (Banxico) revealed its minutes of the September 25 meeting, in which the central bank reduced interest rates by 25 basis points to 7.50%, reaching the lowest level since May 2022.

The Canadian Dollar (CAD) extends its decline against the US Dollar (USD) on Thursday, with USD/CAD climbing above the 1.4000 psychological mark to reach its highest level since April 10.

Gold (XAU/USD) trades around $4,021 on Thursday, down 0.50% on the day at the time of writing, yet comfortably holding above the key $4,000 psychological mark.

The GBP/USD tumbles during the North American session as the Greenback reaches a 9-week high as depicted to the US Dollar Index (DXY), hitting 99.39 as hedge funds increase bets on Dollar gains towards the year end, according to a Bloomberg article. The pair trades at 1.3325, down 0.57%.

United States 4-Week Bill Auction: 4.03% vs previous 4.06%

The Euro (EUR) remains under broad selling pressure against the US Dollar (USD) on Thursday, extending losses below the 1.1600 mark as the abrupt resignation of French Prime Minister Sébastien Lecornu sparks caution among investors and dampens appetite for the common currency.

EUR/JPY trades at 177.32 on Thursday, down 0.10% on the day at the time of writing, after reaching a record high of 177.94 earlier in the day. The pair consolidates its recent gains after four bullish days.

United States EIA Natural Gas Storage Change above expectations (76B) in October 3: Actual (80B)

The Euro (EUR) edges higher against the Swiss Franc (CHF) on Thursday, erasing earlier losses after a volatile start to the day.

The GBP/JPY pair edges lower on Thursday, trading around 204.40, down about 0.1% on the day. After four consecutive days of gains, the British Pound (GBP) takes a breather against the Japanese Yen (JPY).

Russia Central Bank Reserves $ climbed from previous $713.3B to $722.5B

Gold (XAU/USD) steadies on Thursday after smashing through the $4,000 psychological mark and setting a fresh all-time high of $4,059 on the previous day.

The Euro (EUR) is trading defensively with a marginal 0.1% decline against the US Dollar (USD), softening back toward Wednesday’s lows around 1.16, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.