Forex Market

European shares fell on Monday as investors awaited factory activity data for clues to the resilience of the eurozone economy after last week’s sharp inflation report boosted expectations that the European Central Bank will raise interest rates aggressively. The pan-European Stoxx 600 index fell 1.3 percent by 0713 GMT, marking …

Official data showed on Monday that Turkey’s annual inflation jumped to a new peak representing a 24-year high of 83.45 percent in September, less than expected after the central bank surprised markets by cutting interest rates twice in the past two months despite high prices. The Turkish Statistical Institute said …

The dollar fell last week, as commodity bulls took some breathing; However, this decline was short-lived, as the dollar jumped again to its highest level in 20 years. The dollar’s rise to a high of 112 from a one-week low came, moving back towards levels not seen since May 2002, …

Oil prices dipped on Friday in mixed trading but notched its first weekly gain in five on Friday, underpinned by the possibility that OPEC+ will agree to cut crude output when it meets on October 5. Brent crude futures for November, which expire on Friday, fell 53 cents, or 0.6%, …

The Fed’s Vice Chair Lael Brainard, on Friday, stressed that any rate cut would be premature. Brainard added her full support of US central bank’s higher for longer plan for interest rates to combat inflation that new data shows is still at more than three times as much as the …

The GBP/USD pair is expected to finish the week with gains close to 3%, despite the UK’s bond crisis. The US PCE reading increased the likelihood of the Fed going 75 bps as Fed officials reinforced their hawkish stance.The GBP/USD pair is recovering from earlier losses as the US session …

The EUR/USD pair is tripping down ahead of the end of the week, end of the month and end of Q3. The US Fed officials continued with their “restrictive policy” stance, agreeing that further hikes are coming.US Core PCE surpassed analysts’ expectations, paving the way for another 75 bps rate …

Analysts believe the EUR/USD pair is moving to the downside over the next months at a more gradual speed. They have a target of 0.95 in a twelve months perspective. Fundamentally, the US could continue to be a higher interest rate market and equities continue to appeal to foreign investors. …

European Central Bank (ECB) must continue to raise rates even though long-term inflation expectations remain anchored, ECB Governing Council member Ignazio Visco said on Friday.These comments don’t seem to be having a noticeable impact on the shared currency’s performance against its rivals. As of writing, EUR/USD was down 0.2% on …

Data on Friday showed inflation in France unexpectedly slowed for the second consecutive month in September, deviating from the trend in its neighbor Germany and the broader eurozone, supported by a slowdown in the rise in energy and services prices. France’s annual inflation rate fell to 6.2 percent in September …