News

European Forex news roundup: the dollar is somewhat weaker, while equities are firmer.

  • 26 October, 2021
  • 4:09 pm EEST

European Forex news roundup: the dollar is somewhat weaker, while equities are firmer.

Forex market news during the European trade session on October 26, 2021

For the most part, it was a calm session with few major stories, since the calendar day was also very light in European morning trade.

Things began on a brighter tone, but risk sentiment remained robust throughout, finally spilling over to some dollar and yen softness on the day.

Following record closing for the Dow and S&P 500 yesterday, the optimistic attitude is continuing on the new day, with tech once again driving the charge, as seen in US futures.

EUR/USD began the morning around 1.1600 before rising to 1.1625 and remaining there, while GBP/USD rose from 1.3780 to 1.3830 as UK inflation predictions for the year ahead rose to their highest since 2008.

USD/JPY is hovering around 113.90-00 for the most part, as even lower bond rates aren’t helping the yen on the day so far.

Meanwhile, commodity currencies are maintaining a little increase, with the AUD/USD trading up to 0.7515 after briefly falling to 0.7490 earlier in the morning. As oil prices remain stable, the USD/CAD is maintaining small gains in a push from 1.2380 to 1.2350.

WTI is up 0.3 % to little around $84 ahead of the start of North American trading.

There isn’t much else to report as we continue to prepare for important central bank meetings later in the week, as well as a series of key tech earnings announcements.

 

Markets News :

  • GBP leads, JPY lags on the day
  • European equities higher; S&P 500 futures up 0.4%
  • US 10-year yields down 2 bps to 1.615%
  • Gold down 0.3% to $1,802.30
  • WTI up 0.3% to $84.03
  • Bitcoin up 0.3% to $62,750

Reliable Trading since 2012