FX Market News

EUR/USD fell about 0.2% to roughly 1.1193 while the French-German 10-year spread closed at 174 bp; ING flags 1.1120 as the level to watch.

September UK retail sales volumes fell 0.4% against a 0.1% decline expected, with GBP/USD down about 0.1% near 1.3375.

A global equity sell-off tied to higher oil and AI worries favoured the yen and Swiss franc on Friday while the dollar index edged only slightly higher.

The dollar index stayed in a tight range while GBP/USD held above 1.34 after hot UK inflation and EUR/USD edged toward 1.125.

Crude extended pressure on hopes for a diplomatic end to the US-Iran confrontation, while gold again probed $4,150 an ounce.

USD/JPY fell to about 157.30 in Tokyo after breaking a range floor traders had watched, with equities weak and long US yields a touch lower.

AUD/USD was up roughly 0.4% in early trade while EUR/USD, USD/JPY and USD/CHF were little changed.

Crude rose about 1.8% in early trade while gold was little changed near $4,147, per a published quote page.

UK CPI rose to 3.5% year on year versus about 3.4% expected, with fuel the main driver; sterling barely moved.

Canadian headline inflation rose to 3.1%, driven by gasoline, while core measures softened; USD/CAD trades near 1.409 ahead of next week's BoC decision.

The US dollar index is around 101.9, struggling to extend last week's inflation-driven gains, with EUR/USD near 1.122 and USD/JPY near 158.5.

Spot gold is flat near $4,140, still inside a range of roughly $4,064 to $4,228 that has held for almost three weeks, with Treasury yields and oil in focus.

Brent fell around 2.5% to roughly $107 as a US sanctions waiver raised the prospect of more Russian supply; US 10-year yields eased and gold firmed.

Violent cost-of-living protests in France weighed on the euro, while the dollar index held near 101.9 and USD/JPY stayed pinned around 158.

China grew 4.5% y/y in Q3, a touch above forecasts, and AUD/USD led Asian FX gains while the yuan hit a four-year high.

Gold/USD changes hands around $4,160 as the metal's 2026 rally refuses to cool, with positioning still skewed long.

Hot US inflation lifted the dollar only briefly last week, while oil's ~8% surge past $100 reshuffled CAD and the commodity bloc.

Monday opens with China GDP, retail sales and industrial production, the IMF meetings roll on, and RBA and UK housing data fill the Asian session.

The dollar held its ground into a heavy central-bank week while oil-driven inflation worries kept gold under pressure and the yen caught a bid from firmer Japanese inflation.

The dollar eased on lower Treasury yields, but French debt worries held the euro back while oil rose and metals sold off.

The dollar index ended roughly flat near 101.7 after sliding to three-week lows, while a hot UK inflation print and BOJ rate-hike talk supported sterling and the yen.

The dollar fell to its weakest since early October on an unconfirmed US-Iran report, then steadied once a diplomat pushed back, with UK inflation next.

Weekend protests in France pushed French yields and the euro lower, Canada's inflation came in under forecasts, and the Aussie pressed toward 0.70 on firm Chinese growth.

Friday's close: the dollar extended its two-day slide after Fed Chair Warsh declined to pre-commit on rates, sterling touched a three-week high, and a tech sell-off pushed money into Treasuries.