Dollar Extends Slide as Fed Warsh Refuses to Revive October Hike Bets
The Dollar extended its broad-based decline on Friday as Federal Reserve Chairman Kevin Warsh offered no indication that another rate hike was becoming more urgent at the October 27–28 FOMC meeting, despite hotter-than-expected CPI and PPI reports. According to CME FedWatch, the probability of an October hike dropped from 27.7% to 16.1%, while the Dollar Index fell toward 101.69.
GBP/USD Rebounds on Dollar Weakness, but EUR/GBP and GBP/CHF Hold the Sterling Verdict
GBP/USD Rebounds on Dollar Weakness, but EUR/GBP and GBP/CHF Hold the Sterling Verdict
TL;DR: GBP/USD has rebounded sharply from 1.3135, but with EUR/GBP stalling near...
Hot US PPI Fails to Lift Yields as AI Credit Fears Put Nasdaq at a Tipping Point
US producer inflation surged far beyond expectations on Thursday, retail sales beat forecasts and layoffs remained contained, yet Treasury yields continued falling and the Dollar struggled to recover. The AI-related selloff that hit Nasdaq on Wednesday extended into Asia, sending South Korea’s KOSPI down 7.57% and Japan’s Nikkei down 4.90%, even as TSMC reported record third-quarter profit.
AUD/NZD and AUD/USD Turn Lower as Markets Price Less Than One More RBA Hike After Jobs Shock
Australia's September employment contracted by 39,300 and unemployment held at 4.7%, driving interest-rate markets to price less than one more 25bp RBA hike through mid-2027—sending AUD/NZD and AUD/USD both lower, with October 28's quarterly CPI now the key test of whether that repricing has gone too far.
