Forex Analysis

GBP/USD surges to one-week high as weak ADP data and US government shutdown dent Dollar

The British Pound (GBP) advances sharply against the US Dollar (USD) on Wednesday, with GBP/USD climbing to a one-week high, reaching its strongest level since September 24, as the Greenback remains under broad pressure amid a weaker-than-expected ADP Employment Change report, the ongoing United Sta

October 1, 2025 at 02:07:25 PM

GBP/USD surges to one-week high as weak ADP data and US government shutdown dent Dollar

October 1, 2025 at 02:07:25 PM

EUR/USD steadies as weak ADP data, US shutdown weigh on Greenback

The Euro (EUR) steadies against the US Dollar (USD) on Wednesday, with EUR/USD reversing some of the earlier losses as traders react to softer-than-expected US private sector employment figures.

October 1, 2025 at 01:03:31 PM

EUR/JPY tumbles to near 172.50 as Japanese Yen outperforms across the board

The EUR/JPY pair trades 0.6% lower to near 172.50 during the European trading session on Wednesday. The cross faces a sharp selling pressure as the Japanese Yen (JPY) continues to outperform its peers from the past few trading days.

October 1, 2025 at 11:56:48 AM

JPY outperforming on reassertion of haven role amid US shutdown – Scotiabank

The Japanese Yen (JPY) is strong, up 0.5% against the US Dollar (USD) and once again outperforming all of the G10 currencies on a combination of both sentiment and fundamentals as market participants eye the US government shutdown as well as the outlook for the BoJ, Scotiabank's Chief FX Strategists

October 1, 2025 at 11:38:55 AM

GBP a relative performer on neutral comments from BoE’s Mann – Scotiabank

The Pound Sterling (GBP) is up a modest 0.2% against the US Dollar (USD) and outperforming most of the G10 currencies into Wednesday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

October 1, 2025 at 11:37:10 AM

EUR soft and underperforming most G10 currencies – Scotiabank

The Euro (EUR) is soft, down a marginal 0.1% against the US Dollar (USD) as it underperforms most of the G10 currencies along with the CAD and CHF, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

October 1, 2025 at 11:35:43 AM

CAD fails to benefit from the mostly softer USD – Scotiabank

The Canadian Dollar (CAD) picked up a little ground in overnight trade on the news out of Washington DC but is currently trading close to the overnight low seen earlier against the big dollar and near yesterday’s session low, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

October 1, 2025 at 11:32:04 AM

USD softens on US government shutdown – Scotiabank

US lawmakers failed to reach a last-minute deal on funding the government last night, triggering the first federal shutdown in close to seven years.

October 1, 2025 at 11:30:11 AM

USD/CNH is expected to consolidate between 7.1210 and 7.1380 – UOB Group

US Dollar (USD) is expected to consolidate between 7.1210 and 7.1380. In the longer run, for the time being, USD is likely to trade in a range between 7.1000 and 7.1480, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

October 1, 2025 at 11:18:36 AM

AUD/USD trades firmly above 0.6600 on US government shutdown

The AUD/USD pair holds onto gains near 0.6620 during the European trading session on Wednesday. The Aussie pair demonstrates strength as the US Dollar (USD) continues to face selling pressure, with Washington entering a shutdown.

October 1, 2025 at 11:11:11 AM

JPY gains on strong Tankan survey – BBH

Japanese Yen (JPY) is outperforming as Japan’s Q3 Tankan survey confirmed steady business conditions, with large manufacturers and non-manufacturers reporting robust sentiment.

October 1, 2025 at 11:09:57 AM

NZD/USD: Likely to consolidate within a range of 0.5775/0.5810 – UOB Group

New Zealand Dollar (NZD) is likely to consolidate within a range of 0.5775/0.5810. In the longer run, unless there is a meaningful decline soon, a break above 0.5815 would suggest NZD has moved into a range-trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

October 1, 2025 at 11:05:48 AM

EUR/USD holds steady in tight range – BBH

EUR/USD is trading directionless within 1.1720–1.1780, but the ECB’s steady hand is keeping the pair supported.

October 1, 2025 at 11:00:18 AM

US government shuts down, markets react – BBH

The US government has officially shutdown. USD and US equity futures are down. If the shutdown is brief, the Fed will ignore it. However, a prolong shutdown (more than two weeks), increases the downside risk to growth and raises the likelihood of a more accommodative Fed.

October 1, 2025 at 10:56:04 AM

Which US economic data releases could be delayed if government funding is not restored?

The United States’ (US) federal government has officially shut down for the first time in six years after lawmakers failed to come to an agreement on the funding bill by the September 30 midnight deadline.

October 1, 2025 at 10:46:55 AM

Gold Price Forecast: XAU/USD, at fresh highs near $3,900 on risk-off markets

Risk-averse markets, following the closure of the US federal government, are boosting demand for precious metals on Wednesday.

October 1, 2025 at 10:43:26 AM

AUD/USD: Likely to consolidate between 0.6590 and 0.6630 – UOB Group

Instead of continuing to advance, Australian Dollar (AUD) is more likely to consolidate between 0.6590 and 0.6630. In the longer run, AUD is neutral now, and it is likely to trade between 0.6545 and 0.6655 for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

October 1, 2025 at 10:38:26 AM