Currencies

The pair extends its losses after the central bank of New Zealand accelerated its easing pace after August’s pivot as inflation cools, the economy contracted and unemployment is rising

The pair deepens the pullback from the 2024 peak as US NFPs moderate expectations around the Fed’s easing path and BoE governor Bailey offered dovish remarks

The pair extends its recovery from the 2024 lows as Fed Chair Powell struck a more cautious tone around the pace of easing, while Japan’s new PM does not want further hikes

The pair remains under pressure as the third straight 0.25% move is no match for the Fed’s jumbo cut and aggressive easing path

The Australian central bank kept rates again at their 12-year highs and ruled out joining major peers in cutting them any time soon

Gold recently hit a record high, driven by expectations of further Federal Reserve rate cuts and rising geopolitical tensions. Despite strong momentum, signs of overbought conditions and potential short-term volatility suggest caution. However, ongoing global risks and political uncertainty could continue to support further gains.

The recovered from its 14-month lows after the Fed and BoJ policy decisions, but the policy differential remains unfavorable

The pair runs its third losing month on unfavorable policy dynamics and starts the week with news lows as expectations for an outsized Fed pivot mount

The ECB slashed rates for second time but did not hint at any acceleration of its easing and the pair rose as markets expect aggressive cuts from its US counterpart

The pair is cautious at pivotal support cluster after a poor weekly start, as markets brace for Wednesday’s US inflation update and Thursday’s ECB rate decision

Despite the favorable monetary policy differential, USD/CAD dropped after the central bank of Canada lowered rates by 0.25%, while Friday’s US NFPs loom