{"id":349,"date":"2023-05-31T15:30:47","date_gmt":"2023-05-31T15:30:47","guid":{"rendered":"\/?page_id=349"},"modified":"2024-11-20T14:02:20","modified_gmt":"2024-11-20T06:02:20","slug":"forex-news","status":"publish","type":"page","link":"https:\/\/www.sec.rakuten.com.hk\/en\/insight\/forex-news","title":{"rendered":"Forex News"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"349\" class=\"elementor elementor-349\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-79d86a79 e-flex e-con-boxed e-con\" data-id=\"79d86a79\" data-element_type=\"container\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[],&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-33846201 page-banner__breadcrumbs elementor-widget elementor-widget-jet-breadcrumbs\" data-id=\"33846201\" data-element_type=\"widget\" data-widget_type=\"jet-breadcrumbs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-jet-breadcrumbs jet-blocks\">\n\t\t<div class=\"jet-breadcrumbs\">\n\t\t<div class=\"jet-breadcrumbs__content\">\n\t\t<div class=\"jet-breadcrumbs__wrap\"><div class=\"jet-breadcrumbs__item\"><a href=\"https:\/\/www.sec.rakuten.com.hk\/en\" class=\"jet-breadcrumbs__item-link is-home\" rel=\"home\" title=\"HOME\">HOME<\/a><\/div>\n\t\t<\/div>\n\t\t<\/div>\n\t\t<\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-76ca3d1e page-banner__title elementor-widget elementor-widget-heading\" data-id=\"76ca3d1e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.14.0 - 26-06-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">Forex News<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-36ddf7ac e-flex e-con-boxed e-con\" data-id=\"36ddf7ac\" data-element_type=\"container\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[],&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-aca915 elementor-widget elementor-widget-heading\" data-id=\"aca915\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-heading-title elementor-size-default\">News source: FXStreet<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-71bc2f67 elementor-widget elementor-widget-shortcode\" data-id=\"71bc2f67\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-shortcode\">\n\n\n<style>\n  .latest-news__item {\n    position: relative;\n    padding-bottom: 32px;\n    margin-bottom: 40px;\n    border-bottom: 1px solid #D6D6D6;\n  }\n\n  .latest-news__summary {\n    display: flex;\n    gap: 40px;\n  }\n\n  .latest-news__thumb {\n    width: 270px;\n  }\n\n  .latest-news__thumb img,\n  .latest-news__date-icon 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.latest-news__title {\n      display: -webkit-box;\n      -webkit-box-orient: vertical;\n      -webkit-line-clamp: 2;\n      overflow: hidden;\n    }\n\n    .latest-news__accordion-btn {\n      position: absolute;\n      top: calc(100% + 20px);\n\t  left: 50%;\n\t  transform: translateX(-50%);\n      font-size: 16px;\n      letter-spacing: 0.8px;\n\t  margin-top: 0;\n    }\n\n    .latest-news__accordion-btn.is-active {\n      margin-top: 0;\n    }\n\n    .latest-news__accordion-btn::after {\n      width: 16px;\n      height: 16px;\n    }\n\n    .latest-news__item {\n      padding-bottom: 52px;\n      margin-bottom: 24px;\n    }\n\n    .latest-news__content {\n      font-size: 18px;\n\t  max-height: 400px;\n\t  margin-top: 56px;\n    }\n\n    .latest-news__content ul li {\n      padding-left: 22px;\n    }\n\n    .latest-news__content ul li::before {\n      width: 10px;\n      height: 10px;\n    }\n\n    .latest-news__content .fxs-content-module-header {\n      font-size: 18px;\n      padding-right: 72px;\n    }\n\n    .latest-news__content .fxs-content-module-content {\n      padding-right: 0\n    }\n  }\n<\/style>\n\n<section class=\"latest-news\">\n  <div class=\"latest-news__list\">\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/European-Central-Bank_9_Large.png\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Oct 15, 10:03 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">ECB\u2019s Pereira: The good news is that inflation is not spreading<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <style>.fxs-major-currency-prices-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left}.fxs-major-currency-prices-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-major-currency-prices-content{color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:8px 16px}table.fxs-major-currency-prices-currency-prices-table{width:100%;text-align:center;border-collapse:collapse;font-size:1rem}table.fxs-major-currency-prices-currency-prices-table th{background-color:#f2f2f2}table.fxs-major-currency-prices-currency-prices-table td{color:#fff}table.fxs-major-currency-prices-currency-prices-table td.green{background-color:#9cd6cd}table.fxs-major-currency-prices-currency-prices-table td.red{background-color:#faafb5}table.fxs-major-currency-prices-currency-prices-table td.blue-grey{background-color:#888a93}.fxs-major-currency-prices-currency-prices-legend{font-size:11px;margin:8px;color:#49494f}@media (min-width:680px){.fxs-major-currency-prices-content{font-size:16px;line-height:21.6px}.fxs-major-currency-prices-title{font-size:19.2px;line-height:27.2px}}.fxs-major-currency-prices-currency-price td.dark-green{background-color:#39ad9a}.fxs-major-currency-prices-currency-price td.light-green{background-color:#9cd6cd}.fxs-major-currency-prices-currency-price td.gray{background-color:#888a93}.fxs-major-currency-prices-currency-price td.light-red{background-color:#faafb5}.fxs-major-currency-prices-currency-price td.strong-red{background-color:#f55e6a}<\/style>\n<p dir=\"ltr\">European Central Bank policymaker and newly appointed Portugal central bank governor Alvaro Santos Pereira made some comments on inflation, yields, and energy prices during his speech on Thursday.<\/p><h2 class=\"fxs_headline_from_medium_to_large PostContentEditorTheme__h2\" dir=\"ltr\"><strong>Key quotes<\/strong><\/h2><blockquote dir=\"ltr\" style=\"text-align: justify;\"><p>Yields rise is more related to fiscal issues.<br><br>If we have a winter like last year, then we have a problem with natural gas prices.<br><br>The good news is that inflation is not spreading.<br><br>If inflation starts broadening, central banks will be forced to act.<\/p><\/blockquote><h2 class=\"fxs_headline_from_medium_to_large PostContentEditorTheme__h2\" dir=\"ltr\"><strong>Market reaction<\/strong><\/h2><p dir=\"ltr\" style=\"\">At the time of writing, EUR\/USD is up 0.53% on the day at 1.1211, unperturbed by these comments.<\/p><div class=\"post-module\"><div id=\"content-module-currencyprices-EUR-308\" data-type=\"currencyprices\" data-module=\"currencyprices\" data-config-topic=\"EUR\" data-config-asset=\"EUR\" data-config-criteria=\"Strongest\" data-config-period=\"Today\" data-config-currencies=\"USD,EUR,GBP,JPY,CAD,AUD,NZD,CHF\" data-config-quotes=\"1.11569:1.12075,1.3193:1.32325,1.1824:1.180715,0.006316:0.006339,0.00566:0.005655,0.004787:0.00479,0.70244:0.7034,0.6295:0.627755,0.5324:0.531675,111.2095:110.9985,0.697145:0.69489,0.625:0.62004,0.528407:0.525137,110.3915:109.6305,0.992385:0.987685,0.559305:0.560945,0.5012:0.500495,0.4239:0.4239,88.5285:88.5005,0.7962:0.7973,0.802205:0.807205,1.197869:1.205063,1.073595:1.075234,0.90786:0.910655,189.6335:190.12,1.70514:1.71281,1.718006:1.734095,2.141431:2.14827\" data-version=\"v1\" data-content-module-translate=\"0\" class=\"fxs-major-currency-prices-wrapper\">\n    <h2 class=\"fxs-major-currency-prices-title\">Euro Price Today<\/h2>\n    <p class=\"fxs-major-currency-prices-content\">The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Australian Dollar.<\/p>\n    <table class=\"fxs-major-currency-prices-currency-prices-table\" border=\"1\">\n        <thead>\n        <tr>\n            <th><\/th>\n                <th>USD<\/th>\n                <th>EUR<\/th>\n                <th>GBP<\/th>\n                <th>JPY<\/th>\n                <th>CAD<\/th>\n                <th>AUD<\/th>\n                <th>NZD<\/th>\n                <th>CHF<\/th>\n        <\/tr>\n        <\/thead>\n        <tbody>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>USD<\/th>\n                        <td><\/td>\n                        <td class=\"light-red\">-0.45%<\/td>\n                        <td class=\"light-red\">-0.30%<\/td>\n                        <td class=\"light-red\">-0.36%<\/td>\n                        <td class=\"light-red\">-0.14%<\/td>\n                        <td class=\"light-green\">0.32%<\/td>\n                        <td class=\"light-red\">-0.29%<\/td>\n                        <td class=\"light-red\">-0.60%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>EUR<\/th>\n                        <td class=\"light-green\">0.45%<\/td>\n                        <td><\/td>\n                        <td class=\"light-green\">0.14%<\/td>\n                        <td class=\"light-green\">0.09%<\/td>\n                        <td class=\"light-green\">0.28%<\/td>\n                        <td class=\"light-green\">0.80%<\/td>\n                        <td class=\"light-green\">0.14%<\/td>\n                        <td class=\"light-red\">-0.15%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>GBP<\/th>\n                        <td class=\"light-green\">0.30%<\/td>\n                        <td class=\"light-red\">-0.14%<\/td>\n                        <td><\/td>\n                        <td class=\"light-red\">-0.06%<\/td>\n                        <td class=\"light-green\">0.14%<\/td>\n                        <td class=\"light-green\">0.62%<\/td>\n                        <td class=\"gray\">0.00%<\/td>\n                        <td class=\"light-red\">-0.31%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>JPY<\/th>\n                        <td class=\"light-green\">0.36%<\/td>\n                        <td class=\"light-red\">-0.09%<\/td>\n                        <td class=\"light-green\">0.06%<\/td>\n                        <td><\/td>\n                        <td class=\"light-green\">0.19%<\/td>\n                        <td class=\"light-green\">0.69%<\/td>\n                        <td class=\"light-green\">0.03%<\/td>\n                        <td class=\"light-red\">-0.26%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>CAD<\/th>\n                        <td class=\"light-green\">0.14%<\/td>\n                        <td class=\"light-red\">-0.28%<\/td>\n                        <td class=\"light-red\">-0.14%<\/td>\n                        <td class=\"light-red\">-0.19%<\/td>\n                        <td><\/td>\n                        <td class=\"light-green\">0.48%<\/td>\n                        <td class=\"light-red\">-0.14%<\/td>\n                        <td class=\"light-red\">-0.45%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>AUD<\/th>\n                        <td class=\"light-red\">-0.32%<\/td>\n                        <td class=\"light-red\">-0.80%<\/td>\n                        <td class=\"light-red\">-0.62%<\/td>\n                        <td class=\"light-red\">-0.69%<\/td>\n                        <td class=\"light-red\">-0.48%<\/td>\n                        <td><\/td>\n                        <td class=\"light-red\">-0.62%<\/td>\n                        <td class=\"strong-red\">-0.93%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>NZD<\/th>\n                        <td class=\"light-green\">0.29%<\/td>\n                        <td class=\"light-red\">-0.14%<\/td>\n                        <td class=\"gray\">0.00%<\/td>\n                        <td class=\"light-red\">-0.03%<\/td>\n                        <td class=\"light-green\">0.14%<\/td>\n                        <td class=\"light-green\">0.62%<\/td>\n                        <td><\/td>\n                        <td class=\"light-red\">-0.32%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>CHF<\/th>\n                        <td class=\"light-green\">0.60%<\/td>\n                        <td class=\"light-green\">0.15%<\/td>\n                        <td class=\"light-green\">0.31%<\/td>\n                        <td class=\"light-green\">0.26%<\/td>\n                        <td class=\"light-green\">0.45%<\/td>\n                        <td class=\"dark-green\">0.93%<\/td>\n                        <td class=\"light-green\">0.32%<\/td>\n                        <td><\/td>\n            <\/tr>\n        <\/tbody>\n    <\/table>\n    <p class=\"fxs-major-currency-prices-currency-prices-legend\">The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)\/USD (quote).<\/p>\n<\/div><\/div>          <\/div>\n        <\/div>\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/European-Central-Bank_9_Large.png\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Oct 15, 09:59 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">ECB\u2019s Dolenc says central bank may not have to do as much if markets tighten<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <style>.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:\"\";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}<\/style>\n<p dir=\"ltr\">European Central Bank (ECB) Governing Council member Primoz Dolenc said on Wednesday that a tightening in financial conditions may limit the need for central bank monetary policy action.<\/p><h2 class=\"fxs_headline_from_medium_to_large PostContentEditorTheme__h2\" dir=\"ltr\">Key quotes<\/h2><blockquote dir=\"ltr\" style=\"text-align: start;\"><p> We\u2019ve seen quite a bit of repricing in the markets.<br><br>If &nbsp;there is a tightening on the financial market, then maybe we don\u2019t have to do as much as we would otherwise.<br><br>ECB is approaching the restrictive area \u2014 probably we are still not there, but we are on the limits.<\/p><\/blockquote><h2 class=\"fxs_headline_from_medium_to_large PostContentEditorTheme__h2\" dir=\"ltr\">Market reaction<\/h2><p dir=\"ltr\">At the time of writing, the EUR\/USD pair is up 0.45% on the day at 1.1207.<\/p><div class=\"post-module\"><div id=\"content-module-faq-Forex-ecb-430\" data-type=\"faq\" data-module=\"faq\" data-config-topic=\"ecb\" data-config-category=\"Forex\" data-version=\"v1\" data-content-module-translate=\"0\">\n    <div class=\"fxs-faq-module-wrapper\">\n        <h2 class=\"fxs-faq-module-title\">ECB FAQs<\/h2>\n        <div class=\"fxs-faq-module-container\">\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-ecb-430accordion0\" checked=\"checked\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-ecb-430accordion0\">\n                            <span>What is the ECB and how does it influence the Euro?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy for the region.\nThe ECB primary mandate is to maintain price stability, which means keeping inflation at around 2%. Its primary tool for achieving this is by raising or lowering interest rates. Relatively high interest rates will usually result in a stronger Euro and vice versa.\nThe ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-ecb-430accordion1\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-ecb-430accordion1\">\n                            <span>What is Quantitative Easing (QE) and how does it affect the Euro?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">In extreme situations, the European Central Bank can enact a policy tool called Quantitative Easing. QE is the process by which the ECB prints Euros and uses them to buy assets \u2013 usually government or corporate bonds \u2013 from banks and other financial institutions. QE usually results in a weaker Euro.\nQE is a last resort when simply lowering interest rates is unlikely to achieve the objective of price stability. The ECB used it during the Great Financial Crisis in 2009-11, in 2015 when inflation remained stubbornly low, as well as during the covid pandemic.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-ecb-430accordion2\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-ecb-430accordion2\">\n                            <span>What is Quantitative tightening (QT) and how does it affect the Euro?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">Quantitative tightening (QT) is the reverse of QE. It is undertaken after QE when an economic recovery is underway and inflation starts rising. Whilst in QE the European Central Bank (ECB) purchases government and corporate bonds from financial institutions to provide them with liquidity, in QT the ECB stops buying more bonds, and stops reinvesting the principal maturing on the bonds it already holds. It is usually positive (or bullish) for the Euro.<\/p>\n                <\/section>\n        <\/div>\n    <\/div>\n<\/div><\/div><p><br><\/p><p style=\"\"><br><\/p><p style=\"\"><br><\/p><p dir=\"ltr\" style=\"\"><br><\/p>          <\/div>\n        <\/div>\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/JPY-bearish-line_Large.png\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Oct 15, 09:59 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">Australian Dollar weakens against Japanese Yen following weak Australian employment data<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <style>.fxs-event-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left}.fxs-event-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-event-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-event-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:12px}.fxs-event-module-section:last-child{border:none;margin-bottom:0}.fxs-event-module-header{color:#1b1c23;font-weight:700;font-size:16px;font-style:normal;line-height:20px;margin:0;padding:4px 0;background-color:#fff;border:none;position:relative;padding-right:32px}.fxs-event-module-header label{cursor:pointer;display:block}.fxs-event-module-header label:after,.fxs-event-module-header label:before{content:\"\";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-event-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-event-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-event-module-container input[type=checkbox]{display:none}.fxs-event-module-container input[type=checkbox]:checked+.fxs-event-module-section .fxs-event-module-header label:after{transform:rotate(45deg) translateX(4px)}.fxs-event-module-container input[type=checkbox]:checked+.fxs-event-module-section .fxs-event-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-event-module-content{color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0;margin-top:8px}.fxs-event-module-content.why-matters{max-height:0;overflow:hidden;transition:all .3s ease-in-out}.fxs-event-module-container input[type=checkbox]:checked+.fxs-event-module-section .fxs-event-module-content.why-matters{max-height:1000px;margin-top:8px}.fxs-event-module-calendar-title{color:#1b1c23;font-size:17.6px;font-family:Roboto;font-style:normal;font-weight:700;line-height:20.8px;margin:4px 0 0 0}.fxs-event-module-calendar-title-description-wrapper{display:flex;flex-direction:column;gap:12px;border-bottom:1px solid #ececf1;padding-bottom:16px;margin-bottom:16px}.fxs-event-module-inner-calendar{padding:16px}.fxs-event-module-inner-calendar .fxs-event-module-section{padding:0}.fxs-event-module-inner-calendar .fxs-event-module-header{font-size:12.8px;line-height:17px}.fxs-event-module-read-more{display:flex;align-items:center;align-content:center;gap:4px;color:#e4871b;font-size:12.8px;font-family:Roboto;font-style:normal;font-weight:700;line-height:17px;text-decoration:none}.fxs-event-module-read-more svg{width:16px;height:16px}.fxs-event-module-read-more:hover span{text-decoration:underline}.fxs-event-module-release{margin:0;display:flex;flex-direction:column;gap:2px}.fxs-event-module-release>p{font-size:12.8px;font-family:Roboto;font-style:normal;line-height:17px;margin:0}.fxs-event-module-release>p>strong{color:#8c8d91;font-weight:700}.fxs-event-module-release>p>span{color:#8c8d91;font-weight:400}.fxs-event-module-release>p>a{color:#e4871b;font-weight:700;text-decoration:none}.fxs-event-module-release>p>a:hover>span{text-decoration:underline}.fxs-event-module-inner-calendar .fxs-event-module-container{margin:16px 0 0 0;border-top:1px solid #ececf1;padding:12px 0 0 0}@media (min-width:680px){.fxs-event-module-inner-calendar .fxs-event-module-header{font-size:14.72px;line-height:20px}.fxs-event-module-release p{font-size:14.72px;line-height:20px}.fxs-event-module-read-more{font-size:14.72px;line-height:20px}.fxs-event-module-calendar-title{font-size:22.4px;line-height:25.6px}.fxs-event-module-title{font-size:19.2px;line-height:27.2px}.fxs-event-module-header{font-size:19.2px;line-height:25.92px}.fxs-event-module-content{font-size:16px;line-height:21.6px}}<\/style>\n<ul class=\"PostContentEditorTheme__ul\"><li value=\"1\" class=\"PostContentEditorTheme__listItem\" style=\"text-align: justify;\"><strong>Australian Dollar depreciates as Employment Change drops by 39,300 jobs, missing market expectations.<\/strong><\/li><li value=\"2\" class=\"PostContentEditorTheme__listItem\" style=\"text-align: justify;\"><strong>BoJ\u2019s Junko Koeda highlights upside inflation risks while markets weigh potential Japanese currency intervention.<\/strong><\/li><li value=\"3\" class=\"PostContentEditorTheme__listItem\" style=\"text-align: justify;\"><strong>Japanese central bank expected to pause rate hikes in October to assess prior policy impacts.<\/strong><\/li><\/ul><p dir=\"ltr\" style=\"\">AUD\/JPY extends its losses for the second consecutive day, trading around 109.60 during Asian hours on Thursday. The currency cross loses ground as the Australian Dollar (AUD) declines following the release of weaker-than-expected domestic labor data.<\/p><p dir=\"ltr\" style=\"\">The Australian Bureau of Statistics (ABS) reported that Unemployment Rate remained at 4.7% in September, missing the market consensus of 4.6%. Employment Change contracted sharply, dropping by 39,300 jobs compared to a 39,500 gain in August and well below expectations for a 20,000 increase. The Participation Rate also eased to 66.8% from a revised 67.0% in August.<\/p><p dir=\"ltr\" style=\"\">Behind the headlines, Full-Time Employment rose by 34,400 (reversing an earlier 6,300 decline), but part-time positions plummeted by 73,700 (following a 45.8K rise previously). Sean Crick, ABS head of labor statistics, noted that a higher proportion of people remained unemployed in September compared to recent years, while part-time hours worked dropped 1.5% alongside a 0.4% increase in full-time hours.<\/p><p dir=\"ltr\">The Japanese Yen found additional support against its major peers from ongoing market speculation that Japanese authorities might intervene to prop up the domestic currency. However, reports suggest BoJ officials are inclined to hold off on a back-to-back rate hike at their October meeting, preferring to evaluate the cumulative impact of past interest rate increases alongside lackluster consumption and subdued services inflation.<\/p><h2 class=\"fxs_headline_from_medium_to_large PostContentEditorTheme__h2\" dir=\"ltr\">BoJ\u2019s Koeda flags upside price risks and backs further rate normalization<\/h2><p dir=\"ltr\">Koeda\u2019s speech score of 8.2\/10 on FXS Speechtracker matches the historic average, signaling a consistently hawkish stance rather than a new inflection point. The emphasis on upside price risks from YEN depreciation, robust global AI demand, and the Middle East situation, alongside comments that neutral rates are well above 1 percent and that financial conditions remain accommodative, reinforces a bias toward further rate hikes and balance-sheet normalization.<\/p><p dir=\"ltr\">Koeda\u2019s view that recent rate hikes are not expected to curb consumption, that companies\u2019 financing conditions remain favorable, and that underlying inflation is anchored around 2% with steady wage gains supports a narrative of sustained inflation pressure. The explicit remark that the BOJ should not be too cautious about raising policy interest rates and should continue calmly with normalization of its balance sheet is clearly hawkish, suggesting upside risks for the YEN and a potential steepening of JGB yields as markets price a more assertive policy path.<\/p><div class=\"post-module\"><div id=\"content-module-event-24deb0b5-7859-487b-a8bf-c9ba578c5d4a-797\" data-type=\"event\" data-module=\"event\" data-config-event-id=\"9ff4533a-0a0d-467e-af83-7e703f76777c\" data-config-topic=\"24deb0b5-7859-487b-a8bf-c9ba578c5d4a\" data-config-mode=\"Historical\" data-version=\"v1\" data-content-module-translate=\"0\" class=\"fxs-event-module-wrapper\">\n    <h2 class=\"fxs-event-module-title\">Economic Indicator<\/h2>\n    <div class=\"fxs-event-module-inner-calendar\">\n        <div class=\"fxs-event-module-calendar-title-description-wrapper\">\n            <h3 class=\"fxs-event-module-calendar-title\">Employment Change s.a.<\/h3>\n            <p class=\"fxs-event-module-content\">The Employment Change released by the Australian Bureau of Statistics is a measure of the change in the number of employed people in Australia. The statistic is adjusted to remove the influence of seasonal trends. Generally speaking, a rise in Employment Change has positive implications for consumer spending, stimulates economic growth, and is bullish for the Australian Dollar (AUD). A low reading, on the other hand, is seen as bearish.<\/p>\n            \n                <svg width=\"1.3rem\" height=\"1.3rem\" aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" class=\"fxs_icon fa-chart-bar fa-w-16\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 512 512\">\n                    <path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 16-16v-16c0-8.84-7.16-16-16-16zm-387.2-48h22.4c6.4 0 12.8-6.4 12.8-12.8v-70.4c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v70.4c0 6.4 6.4 12.8 12.8 12.8z\">\n                    <\/path>\n                <\/svg>\n                <span>Read more.<\/span>\n            \n        <\/div>\n        <div class=\"fxs-event-module-release\">\n            <p>\n                <strong>Last release:<\/strong>\n                <span>Thu Oct 15, 2026 00:30 <\/span>\n            <\/p>\n            <p>\n                <strong>Frequency:<\/strong>\n                <span>Monthly<\/span>\n            <\/p>\n            <p>\n                <strong>Actual:<\/strong>\n                <span class=\"fxs-event-module-negative-number\">-39.3K<\/span>\n            <\/p>\n            <p>\n                <strong>Consensus:<\/strong>\n                <span>20K<\/span>\n            <\/p>\n            <p>\n                <strong>Previous:<\/strong>\n                <span>39.5K<\/span>\n            <\/p>\n            <p>\n                <strong>Source:<\/strong>\n                \n                    <span>Australian Bureau of Statistics<\/span>\n                    <svg width=\"13\" height=\"13\" viewbox=\"0 0 13 13\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n                        <path d=\"M12.1484 0.5C12.3359 0.5 12.5 0.664062 12.5 0.851562L12.4766 4.67188C12.4766 4.85938 12.3359 5 12.1484 5H11.375V5.02344C11.1875 5.02344 11.0234 4.85938 11.0234 4.67188L11.0938 2.9375L11.0469 2.89062L4.50781 9.42969C4.46094 9.47656 4.39062 9.52344 4.32031 9.52344C4.22656 9.52344 4.15625 9.47656 4.10938 9.42969L3.57031 8.89062C3.52344 8.84375 3.47656 8.77344 3.47656 8.67969C3.47656 8.60938 3.52344 8.53906 3.57031 8.49219L10.1094 1.95312L10.0625 1.90625L8.32812 1.97656C8.14062 1.97656 8 1.8125 8 1.625V0.851562C8 0.664062 8.14062 0.523438 8.32812 0.523438L12.1484 0.5ZM10.625 7.25C10.8125 7.25 11 7.4375 11 7.625V11.375C11 12.0078 10.4844 12.5 9.875 12.5H1.625C0.992188 12.5 0.5 12.0078 0.5 11.375V3.125C0.5 2.51562 0.992188 2 1.625 2H5.375C5.5625 2 5.75 2.1875 5.75 2.375V2.75C5.75 2.96094 5.5625 3.125 5.375 3.125H1.76562C1.67188 3.125 1.625 3.19531 1.625 3.26562V11.2344C1.625 11.3281 1.67188 11.375 1.76562 11.375H9.73438C9.80469 11.375 9.875 11.3281 9.875 11.2344V7.625C9.875 7.4375 10.0391 7.25 10.25 7.25H10.625Z\" fill=\"#E4871B\"><\/path>\n                    <\/svg>\n                \n            <\/p>\n        <\/div>\n    <\/div>\n<\/div><\/div>          <\/div>\n        <\/div>\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/Japanese-Bank_4_Large.png\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Oct 15, 09:45 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">BoJ's Koeda urges timely rate adjustments based on economic and price conditions<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <style>.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:\"\";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}<\/style>\n<p dir=\"ltr\">Bank of Japan Board Member Junko Koeda said on Thursday that attention focused on price upside risks from Japanese Yen (JPY) depreciation, robust global AI demand, and the Middle East situation impact. Koeda added that the BoJ should adjust the policy rate timely, considering economic and price conditions, keeping estimated neutral rate range in mind.<\/p><h2 class=\"fxs_headline_from_medium_to_large PostContentEditorTheme__h2\" dir=\"ltr\">Key quotes<\/h2><blockquote dir=\"ltr\" style=\"text-align: start;\"><p>Attention focused on price upside risks from yen depreciation and robust global AI demand, plus Middle East situation impact.<br><br>Looking ahead, it will be necessary to focus on both AI-related exports and imports.&nbsp;<br><br>Monetary policy debate includes if AI backs investment to address labor shortages and boost productivity.&nbsp;<br><br>Important to assess how policy rate change influences financial conditions, economic activity and prices.&nbsp;<br><br>Overall, I believe Japan's financial conditions have stayed accommodative.&nbsp;<br><br>Recent rate hikes not necessarily expected to curb overall consumption of working generation.&nbsp;<br><br>Still want to study accumulated effect of policy rate increases on household behavior.&nbsp;<br><br>Companies' financing conditions have generally stayed favorable.&nbsp;<br><br>Neutral interest rate level is well above 1 percent, near lower bound of estimated range.<br><br>Impact on long-term interest rates of changes in central bank government bond holdings may be smaller during reduction phase than active expansion phase<br><br>Underlying inflation has been about 2% over the past year or so.&nbsp;<br><br>Sustained price rises across various CPI items, change in price distribution indicates underlying inflation anchoring around 2%.&nbsp;<br><br>Sustained inflation appears to be taking stronger hold in Japan as wages have also risen steadily.&nbsp;<br><br>Central bank should adjust policy rate timely considering economic and price conditions, keeping estimated neutral rate range in mind.&nbsp;<br><br>With significant upside risks to prices and ongoing loose financial conditions, BOJ should not be too cautious about raising policy interest rates.&nbsp; <br><br>It is crucial for BOJ to continue calmly with normalization of its balance sheet.&nbsp;<\/p><\/blockquote><h2 class=\"fxs_headline_from_medium_to_large PostContentEditorTheme__h2\" dir=\"ltr\"><strong>Market reaction<\/strong><\/h2><p dir=\"ltr\">At the time of writing, the USD\/JPY pair is down 0.45% on the day at 157.60.<\/p><div class=\"post-module\"><div id=\"content-module-faq-Forex-boj-316\" data-type=\"faq\" data-module=\"faq\" data-config-topic=\"boj\" data-config-category=\"Forex\" data-version=\"v1\" data-content-module-translate=\"0\">\n    <div class=\"fxs-faq-module-wrapper\">\n        <h2 class=\"fxs-faq-module-title\">Bank of Japan FAQs<\/h2>\n        <div class=\"fxs-faq-module-container\">\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-boj-316accordion0\" checked=\"checked\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-boj-316accordion0\">\n                            <span>What is the Bank of Japan?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">The Bank of Japan (BoJ) is the Japanese central bank, which sets monetary policy in the country. Its mandate is to issue banknotes and carry out currency and monetary control to ensure price stability, which means an inflation target of around 2%.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-boj-316accordion1\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-boj-316accordion1\">\n                            <span>What has been the Bank of Japan\u2019s policy?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">The Bank of Japan embarked in an ultra-loose monetary policy in 2013 in order to stimulate the economy and fuel inflation amid a low-inflationary environment. The bank\u2019s policy is based on Quantitative and Qualitative Easing (QQE), or printing notes to buy assets such as government or corporate bonds to provide liquidity. In 2016, the bank doubled down on its strategy and further loosened policy by first introducing negative interest rates and then directly controlling the yield of its 10-year government bonds. In March 2024, the BoJ lifted interest rates, effectively retreating from the ultra-loose monetary policy stance.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-boj-316accordion2\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-boj-316accordion2\">\n                            <span>How do Bank of Japan\u2019s decisions influence the Japanese Yen?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">The Bank\u2019s massive stimulus  caused the Yen to depreciate against its main currency peers. This process exacerbated in 2022 and 2023 due to an increasing policy divergence between the Bank of Japan and other main central banks, which opted to increase interest rates sharply to fight decades-high levels of inflation. The BoJ\u2019s policy led to a widening differential with other currencies, dragging down the value of the Yen. This trend partly reversed in 2024, when the BoJ decided to abandon its ultra-loose policy stance.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-boj-316accordion3\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-boj-316accordion3\">\n                            <span>Why did the Bank of Japan decide to start unwinding its ultra-loose policy?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">A weaker Yen and the spike in global energy prices led to an increase in Japanese inflation, which exceeded the BoJ\u2019s 2% target. The prospect of rising salaries in the country \u2013 a key element fuelling inflation \u2013 also contributed to the move.<\/p>\n                <\/section>\n        <\/div>\n    <\/div>\n<\/div><\/div>          <\/div>\n        <\/div>\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/USDCNY_Large.png\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Oct 15, 09:43 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">Japanese Yen advances to one-week high as sliding US bond yields weigh on USD<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <style>.fxs-major-currency-prices-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left}.fxs-major-currency-prices-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-major-currency-prices-content{color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:8px 16px}table.fxs-major-currency-prices-currency-prices-table{width:100%;text-align:center;border-collapse:collapse;font-size:1rem}table.fxs-major-currency-prices-currency-prices-table th{background-color:#f2f2f2}table.fxs-major-currency-prices-currency-prices-table td{color:#fff}table.fxs-major-currency-prices-currency-prices-table td.green{background-color:#9cd6cd}table.fxs-major-currency-prices-currency-prices-table td.red{background-color:#faafb5}table.fxs-major-currency-prices-currency-prices-table td.blue-grey{background-color:#888a93}.fxs-major-currency-prices-currency-prices-legend{font-size:11px;margin:8px;color:#49494f}@media (min-width:680px){.fxs-major-currency-prices-content{font-size:16px;line-height:21.6px}.fxs-major-currency-prices-title{font-size:19.2px;line-height:27.2px}}.fxs-major-currency-prices-currency-price td.dark-green{background-color:#39ad9a}.fxs-major-currency-prices-currency-price td.light-green{background-color:#9cd6cd}.fxs-major-currency-prices-currency-price td.gray{background-color:#888a93}.fxs-major-currency-prices-currency-price td.light-red{background-color:#faafb5}.fxs-major-currency-prices-currency-price td.strong-red{background-color:#f55e6a}<\/style>\n<ul class=\"PostContentEditorTheme__ul\"><li value=\"1\" class=\"PostContentEditorTheme__listItem\"><strong>USD\/JPY drifts lower during the Asian session amid a combination of negative factors.<\/strong><\/li><li value=\"2\" class=\"PostContentEditorTheme__listItem\"><strong>Intervention risks support the JPY, while retreating US bond yields undermine the USD.<\/strong><\/li><li value=\"3\" class=\"PostContentEditorTheme__listItem\"><strong>Traders eye the US PPI for some impetus ahead of Fed Chair Warsh\u2019s speech on Friday.<\/strong><\/li><\/ul><p dir=\"ltr\">The USD\/JPY pair extends the previous day's rejection slide from the 159.00 neighborhood, or a three-week top, attracting some follow-through selling during the Asian session on Thursday. The downward trajectory drags spot prices to a one-week low, around the 157.60 area, in the last hour, and is sponsored by a combination of factors.<\/p><p dir=\"ltr\">Traders remain on high alert amid speculation that Japanese authorities will step in again to prop up the domestic currency. Moreover, the Bank of Japan (BoJ) maintained a gradual tightening stance after raising its policy rate to a 31-year high of 1.25% in September. In fact, BoJ board Member, Junko Koeda, said that the central bank should adjust the policy rate timely, considering economic and price conditions and keeping estimated neutral rate range in mind, boosting the Japanese Yen (JPY). <\/p><p dir=\"ltr\">Meanwhile, the initial reaction to the hotter-than-expected US Consumer Price Index (CPI) report released on Wednesday turned out to be short-lived amid expectations that the Federal Reserve (Fed) will skip an October rate increase. This led to a further slide in US bond yields, prompting some follow-through US Dollar (USD) profit-taking and further exerting pressure on the USD\/JPY pair.<\/p><p dir=\"ltr\">Nevertheless, traders are still pricing in over an 85% chance that the US central bank will raise borrowing costs by the end of this year. Adding to this, inflation risks stemming from volatile energy prices underpin prospects for further tightening. This, along with geopolitical uncertainties, could limit USD losses. Moreover, reports indicate that BoJ officials are inclined to skip a back-to-back hike at the October meeting, which could keep a lid on the JPY and lend some support to the USD\/JPY pair. <\/p><p dir=\"ltr\">Traders now look forward to the release of the US Producer Price Index (PPI), due later today. Apart from this, Fed Chair Kevin Warsh's speech on Friday will be looked upon for more cues about the future policy path, which will play a key role in influencing the near-term USD price dynamics and provide some meaningful impetus to the USD\/JPY pair.<\/p><h2 class=\"fxs_headline_from_medium_to_large PostContentEditorTheme__h2\" dir=\"ltr\">USD\/JPY 4-hour chart<\/h2><img decoding=\"async\" src=\"https:\/\/editorial.fxsstatic.com\/miscelaneous\/chart-analysis-1792027673602\" alt=\"Chart Analysis USD\/JPY\" loading=\"lazy\"><h2 class=\"fxs_headline_from_medium_to_large PostContentEditorTheme__h2\" dir=\"ltr\">Technical Analysis<\/h2><p dir=\"ltr\">The USD\/JPY pair break the 100-period Simple Moving Average (SMA) pivotal support on the 4-hour chart, with bears now awaiting acceptance below the 23.6% Fibonacci retracement level before placing fresh bets. The subsequent fall could extend to the 38.2% level at 156.71. Deeper pullbacks would expose the 50.0% retracement at 155.98 and the 61.8% level at 155.25, while the 78.6% retracement at 154.21 and the 152.88 100.0% level mark more distant structural floors. On the topside, resistance is defined first by the 100-period SMA at 157.97, with the 159.07 swing high acting as a stronger barrier if bulls regain control.<\/p><p dir=\"ltr\"><em>(The technical analysis of this story was written with the help of an AI tool. <\/em><em>Know more.<\/em><em>)<\/em><\/p><div class=\"post-module\"><div id=\"content-module-currencyprices-USD-193\" data-type=\"currencyprices\" data-module=\"currencyprices\" data-config-topic=\"USD\" data-config-asset=\"USD\" data-config-criteria=\"Strongest\" data-config-period=\"Today\" data-config-currencies=\"USD,EUR,GBP,JPY,CAD,AUD,NZD,CHF\" data-config-quotes=\"1.11569:1.12109,1.3193:1.3236,1.1824:1.180685,0.006316:0.006341,0.00566:0.005657,0.004787:0.004791,0.70244:0.70396,0.6295:0.6278,0.5324:0.531925,111.2095:111.005,0.697145:0.69504,0.625:0.62,0.528407:0.52512,110.3915:109.5815,0.992385:0.98717,0.559305:0.560825,0.5012:0.5002,0.4239:0.4237,88.5285:88.4215,0.7962:0.79655,0.802205:0.806875,1.197869:1.205745,1.073595:1.075512,0.90786:0.910925,189.6335:190.101,1.70514:1.71252,1.718006:1.734801,2.141431:2.14992\" data-version=\"v1\" data-content-module-translate=\"0\" class=\"fxs-major-currency-prices-wrapper\">\n    <h2 class=\"fxs-major-currency-prices-title\">US Dollar Price Today<\/h2>\n    <p class=\"fxs-major-currency-prices-content\">The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Australian Dollar.<\/p>\n    <table class=\"fxs-major-currency-prices-currency-prices-table\" border=\"1\">\n        <thead>\n        <tr>\n            <th><\/th>\n                <th>USD<\/th>\n                <th>EUR<\/th>\n                <th>GBP<\/th>\n                <th>JPY<\/th>\n                <th>CAD<\/th>\n                <th>AUD<\/th>\n                <th>NZD<\/th>\n                <th>CHF<\/th>\n        <\/tr>\n        <\/thead>\n        <tbody>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>USD<\/th>\n                        <td><\/td>\n                        <td class=\"light-red\">-0.48%<\/td>\n                        <td class=\"light-red\">-0.32%<\/td>\n                        <td class=\"light-red\">-0.39%<\/td>\n                        <td class=\"light-red\">-0.22%<\/td>\n                        <td class=\"light-green\">0.30%<\/td>\n                        <td class=\"light-red\">-0.27%<\/td>\n                        <td class=\"light-red\">-0.65%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>EUR<\/th>\n                        <td class=\"light-green\">0.48%<\/td>\n                        <td><\/td>\n                        <td class=\"light-green\">0.15%<\/td>\n                        <td class=\"light-green\">0.05%<\/td>\n                        <td class=\"light-green\">0.27%<\/td>\n                        <td class=\"dark-green\">0.81%<\/td>\n                        <td class=\"light-green\">0.20%<\/td>\n                        <td class=\"light-red\">-0.18%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>GBP<\/th>\n                        <td class=\"light-green\">0.32%<\/td>\n                        <td class=\"light-red\">-0.15%<\/td>\n                        <td><\/td>\n                        <td class=\"light-red\">-0.08%<\/td>\n                        <td class=\"light-green\">0.09%<\/td>\n                        <td class=\"light-green\">0.63%<\/td>\n                        <td class=\"light-green\">0.05%<\/td>\n                        <td class=\"light-red\">-0.34%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>JPY<\/th>\n                        <td class=\"light-green\">0.39%<\/td>\n                        <td class=\"light-red\">-0.05%<\/td>\n                        <td class=\"light-green\">0.08%<\/td>\n                        <td><\/td>\n                        <td class=\"light-green\">0.18%<\/td>\n                        <td class=\"light-green\">0.74%<\/td>\n                        <td class=\"light-green\">0.12%<\/td>\n                        <td class=\"light-red\">-0.25%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>CAD<\/th>\n                        <td class=\"light-green\">0.22%<\/td>\n                        <td class=\"light-red\">-0.27%<\/td>\n                        <td class=\"light-red\">-0.09%<\/td>\n                        <td class=\"light-red\">-0.18%<\/td>\n                        <td><\/td>\n                        <td class=\"light-green\">0.53%<\/td>\n                        <td class=\"light-red\">-0.04%<\/td>\n                        <td class=\"light-red\">-0.43%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>AUD<\/th>\n                        <td class=\"light-red\">-0.30%<\/td>\n                        <td class=\"strong-red\">-0.81%<\/td>\n                        <td class=\"light-red\">-0.63%<\/td>\n                        <td class=\"light-red\">-0.74%<\/td>\n                        <td class=\"light-red\">-0.53%<\/td>\n                        <td><\/td>\n                        <td class=\"light-red\">-0.58%<\/td>\n                        <td class=\"strong-red\">-0.97%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>NZD<\/th>\n                        <td class=\"light-green\">0.27%<\/td>\n                        <td class=\"light-red\">-0.20%<\/td>\n                        <td class=\"light-red\">-0.05%<\/td>\n                        <td class=\"light-red\">-0.12%<\/td>\n                        <td class=\"light-green\">0.04%<\/td>\n                        <td class=\"light-green\">0.58%<\/td>\n                        <td><\/td>\n                        <td class=\"light-red\">-0.39%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>CHF<\/th>\n                        <td class=\"light-green\">0.65%<\/td>\n                        <td class=\"light-green\">0.18%<\/td>\n                        <td class=\"light-green\">0.34%<\/td>\n                        <td class=\"light-green\">0.25%<\/td>\n                        <td class=\"light-green\">0.43%<\/td>\n                        <td class=\"dark-green\">0.97%<\/td>\n                        <td class=\"light-green\">0.39%<\/td>\n                        <td><\/td>\n            <\/tr>\n        <\/tbody>\n    <\/table>\n    <p class=\"fxs-major-currency-prices-currency-prices-legend\">The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)\/JPY (quote).<\/p>\n<\/div><\/div>          <\/div>\n        <\/div>\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/USDCNY-neutral-object-1_Large.png\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Oct 15, 09:15 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">PBOC sets USD\/CNY reference rate at 6.7253 vs. 6.7249 previous<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <style>.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:\"\";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}<\/style>\n<p dir=\"ltr\">The People\u2019s Bank of China (PBOC) sets the USD\/CNY central rate for the trading session ahead on Thursday at 6.7253 compared to the previous day's fix of 6.7249.<\/p><div class=\"post-module\"><div id=\"content-module-faq-Forex-pboc-620\" data-type=\"faq\" data-module=\"faq\" data-config-topic=\"pboc\" data-config-category=\"Forex\" data-version=\"v1\" data-content-module-translate=\"0\">\n    <div class=\"fxs-faq-module-wrapper\">\n        <h2 class=\"fxs-faq-module-title\">PBOC FAQs<\/h2>\n        <div class=\"fxs-faq-module-container\">\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-pboc-620accordion0\" checked=\"checked\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-pboc-620accordion0\">\n                            <span>What does the People's Bank of China do?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">The primary monetary policy objectives of the People's Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth. China\u2019s central bank also aims to implement financial reforms, such as opening and developing the financial market.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-pboc-620accordion1\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-pboc-620accordion1\">\n                            <span>Who owns the PBoC?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">The PBoC is owned by the state of the People's Republic of China (PRC), so it is not considered an autonomous institution. The Chinese Communist Party (CCP) Committee Secretary, nominated by the Chairman of the State Council, has a key influence on the PBoC\u2019s management and direction, not the governor. However, Mr. Pan Gongsheng currently holds both of these posts.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-pboc-620accordion2\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-pboc-620accordion2\">\n                            <span>What are the main policy tools used by the PBoC?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">Unlike the Western economies, the PBoC uses a broader set of monetary policy instruments to achieve its objectives. The primary tools include a seven-day Reverse Repo Rate (RRR), Medium-term Lending Facility (MLF), foreign exchange interventions and Reserve Requirement Ratio (RRR). However, The Loan Prime Rate (LPR) is China\u2019s benchmark interest rate. Changes to the LPR directly influence the rates that need to be paid in the market for loans and mortgages and the interest paid on savings. By changing the LPR, China\u2019s central bank can also influence the exchange rates of the Chinese Renminbi.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-pboc-620accordion3\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-pboc-620accordion3\">\n                            <span>Are private banks allowed in China?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">Yes, China has 19 private banks \u2013 a small fraction of the financial system. The largest private banks are digital lenders WeBank and MYbank, which are backed by tech giants Tencent and Ant Group, per The Straits Times. In 2014, China allowed domestic lenders fully capitalized by private funds to operate in the state-dominated financial sector.<\/p>\n                <\/section>\n        <\/div>\n    <\/div>\n<\/div><\/div>          <\/div>\n        <\/div>\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/Oil2-18326_Large.png\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Oct 15, 09:15 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">WTI drops to near $93.10 on US sanction relief talk despite supply shock risks<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <style>.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:\"\";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}<\/style>\n<ul class=\"PostContentEditorTheme__ul\"><li value=\"1\" class=\"PostContentEditorTheme__listItem\" style=\"text-align: justify;\"><strong>Trump administration considers easing sanctions on shadow fleet oil tankers, pulling prices lower.<\/strong><\/li><li value=\"2\" class=\"PostContentEditorTheme__listItem\" style=\"text-align: justify;\"><strong>Escalating conflict in the Middle East and Ukrainian refinery strikes threaten global oil exports.<\/strong><\/li><li value=\"3\" class=\"PostContentEditorTheme__listItem\" style=\"text-align: justify;\"><strong>API inventory data reveals a massive 11.12 million-barrel drawdown, far exceeding market expectations.<\/strong><\/li><\/ul><p dir=\"ltr\" style=\"\">West Texas Intermediate (WTI) declines after five days of gains, trading around $93.10 per barrel during Asian hours on Thursday. Oil prices experienced a decline as the Trump administration considers easing sanctions on \"shadow fleet\" vessels.<\/p><p dir=\"ltr\" style=\"\">A US official confirmed on Wednesday that the potential policy shift, aimed at lowering record-high global freight rates, targets tankers that have transported crude oil and petroleum products from sanctioned nations, including Russia, Iran, and Venezuela. These discussions follow US President Donald Trump's recent decision to temporarily lift sanctions on Russian diesel fuel, a move that sparked swift criticism from Ukrainian President Volodymyr Zelenskiy, European allies, and several Senate Republicans.<\/p><p dir=\"ltr\" style=\"\">However, crude oil prices could quickly recover due to rising geopolitical hostilities across Eastern Europe and the Middle East that threaten global energy supply chains. In the Middle East, a container ship sank in the Strait of Hormuz on Wednesday following a projectile attack, while Iran-backed Houthi forces launched ongoing drone and missile strikes across Saudi Arabia. These intensifying attacks have prompted a growing number of oil tankers to avoid standard crude-loading zones, actively disrupting export logistics.<\/p><p dir=\"ltr\" style=\"\">Meanwhile, Russia accused Ukraine of launching strikes against two domestic oil refineries, including the massive 400,000-barrel-per-day Ryazan plant, which Moscow claims violated an \"energy ceasefire\" recently brokered by President Trump.<\/p><p dir=\"ltr\">Adding further upward pressure to the market, domestic supply figures showed a sharp drop in inventories. According to data from the American Petroleum Institute (API), US Weekly Crude Oil Stock plummeted by 11.12 million barrels for the week ending October 9. This significant drop far outpaced market forecasts of a 1.9 million-barrel build, marking the largest single-week draw since late January and following a 2.1 million-barrel draw from the prior week.<\/p><p dir=\"ltr\">Analysts at MUFG\/BTMU highlight that the market\u2019s \u201cconsensus on the Middle East is that energy prices are unlikely to retrace and that the current status is likely to continue.\u201d However, they caution that \u201cthe risks now seem more skewed to a worsening of the crisis,\u201d noting that the Houthis \u201chave shown no sign of letting up\u201d and are now reported to have attacked \u201cthe Saudi Aramco headquarters in Dhahran and several other cities.\u201d This, they suggest, reinforces expectations that elevated energy prices will persist amid ongoing regional tensions.<\/p><div class=\"post-module\"><div id=\"content-module-faq-Commodities-wti-592\" data-type=\"faq\" data-module=\"faq\" data-config-topic=\"wti\" data-config-category=\"Commodities\" data-version=\"v1\" data-content-module-translate=\"0\">\n    <div class=\"fxs-faq-module-wrapper\">\n        <h2 class=\"fxs-faq-module-title\">WTI Oil FAQs<\/h2>\n        <div class=\"fxs-faq-module-container\">\n                <input type=\"checkbox\" id=\"content-module-faq-Commodities-wti-592accordion0\" checked=\"checked\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Commodities-wti-592accordion0\">\n                            <span>What is WTI Oil?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as \u201clight\u201d and \u201csweet\u201d because of its relatively low gravity and sulfur content respectively. It is considered a high quality Oil that is easily refined. It is sourced in the United States and distributed via the Cushing hub, which is considered \u201cThe Pipeline Crossroads of the World\u201d. It is a benchmark for the Oil market and WTI price is frequently quoted in the media.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Commodities-wti-592accordion1\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Commodities-wti-592accordion1\">\n                            <span>What factors drive the price of WTI Oil?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">Like all assets, supply and demand are the key drivers of WTI Oil price. As such, global growth can be a driver of increased demand and vice versa for weak global growth. Political instability, wars, and sanctions can disrupt supply and impact prices. The decisions of OPEC, a group of major Oil-producing countries, is another key driver of price. The value of the US Dollar influences the price of WTI Crude Oil, since Oil is predominantly traded in US Dollars, thus a weaker US Dollar can make Oil more affordable and vice versa.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Commodities-wti-592accordion2\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Commodities-wti-592accordion2\">\n                            <span>How does inventory data impact the price of WTI Oil<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">The weekly Oil inventory reports published by the American Petroleum Institute (API) and the Energy Information Agency (EIA) impact the price of WTI Oil. Changes in inventories reflect fluctuating supply and demand. If the data shows a drop in inventories it can indicate increased demand, pushing up Oil price. Higher inventories can reflect increased supply, pushing down prices. API\u2019s report is published every Tuesday and EIA\u2019s the day after. Their results are usually similar, falling within 1% of each other 75% of the time. The EIA data is considered more reliable, since it is a government agency.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Commodities-wti-592accordion3\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Commodities-wti-592accordion3\">\n                            <span>How does OPEC influence the price of WTI Oil?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">OPEC (Organization of the Petroleum Exporting Countries) is a group of 12 Oil-producing nations who collectively decide production quotas for member countries at twice-yearly meetings. Their decisions often impact WTI Oil prices. When OPEC decides to lower quotas, it can tighten supply, pushing up Oil prices. When OPEC increases production, it has the opposite effect. OPEC+ refers to an expanded group that includes ten extra non-OPEC members, the most notable of which is Russia.<\/p>\n                <\/section>\n        <\/div>\n    <\/div>\n<\/div><\/div>          <\/div>\n        <\/div>\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/GBP-bullish-object_Large.png\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Oct 15, 09:14 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">British Pound holds gains above 1.3200 ahead of UK GDP, US PPI releases<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <style>.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:\"\";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}<\/style>\n<ul class=\"PostContentEditorTheme__ul\"><li value=\"1\" class=\"PostContentEditorTheme__listItem\"><strong>GBP\/USD gains ground to near 1.3230 in Thursday\u2019s early Asian session.<\/strong><\/li><li value=\"2\" class=\"PostContentEditorTheme__listItem\"><strong>Hotter-than-expected CPI inflation data revived expectations for a Fed rate hike later this month.<\/strong><\/li><li value=\"3\" class=\"PostContentEditorTheme__listItem\"><strong>BoE's Pill says he's skeptical about market pricing four rate hikes.<\/strong><\/li><\/ul><p dir=\"ltr\">The GBP\/USD pair gathers strength to around 1.3230 during the early Asian session on Thursday. The US Dollar (USD) weakens against the British Pound (GBP) despite hotter-than-expected US Consumer Price Index (CPI) inflation data. Traders await the monthly UK Gross Domestic Product (GDP), followed by the US Producer Price Index (PPI) and Retail Sales data later on Thursday.<\/p><p dir=\"ltr\">The headline US CPI rose 0.6% MoM in September after climbing 0.4% in August, the Labor Department\u2019s Bureau of Labor Statistics showed on Wednesday. On an annual basis, the headline CPI inflation climbed to 3.7%, up from 3.4% in the previous reading.<\/p><p dir=\"ltr\">Traders now see a 75.1% chance that the Fed will leave rates unchanged at its October 27-28 meeting, compared with 53% a month ago, while pricing in about 79 basis points (bps) of tightening by late 2027, the CME FedWatch Tool showed.<\/p><p dir=\"ltr\">On the UK\u2019s front, Bank of England (BoE) Chief Economist Huw Pill said on Wednesday that he was more sceptical about market pricing of four increases to borrowing costs by the BoE over \u200cthe next year.<\/p><p dir=\"ltr\">Nonetheless, several policymakers warned rates might have to go up if the conflict continues. \u200cOn Tuesday, BoE Governor Andrew Bailey emphasized that pressure on broader inflation had so far been subdued, \"but the longer this goes on, the harder it gets.\u201d<\/p><p dir=\"ltr\">Markets are pricing the chance of a quarter-point rate hike by the MPC at its next meeting in November as a near certainty, followed by three more increases by September 2027, according to Reuters.<\/p><h2 class=\"fxs_headline_from_medium_to_large PostContentEditorTheme__h2\" dir=\"ltr\">Sterling firms as UK growth signals support tighter BoE stance<\/h2><p dir=\"ltr\">Strategists at Scotiabank note that Sterling is \u201cmoderately firmer against the USD,\u201d with gains \u201cmerely in line with its core major peers\u201d as policy and growth signals underpin the currency. They highlight comments from BoE MPC member Greene, who said that \u201cfaster UK economic growth supported the outlook for tighter monetary policy,\u201d while the IMF has \u201cupgraded the UK growth outlook moderately to 1.3% (from 1.0%) earlier.\u201d The data backdrop will be in focus later this week, with \u201cAugust GDP data\u2026due Thursday (along with other growth indicators and trade data).\u201d<\/p><p dir=\"ltr\">From a technical perspective, Scotiabank describes the GBP\/USD setup as \u201cNeutral \u2013 Cable has carved out a well-defined trading range over the past couple of weeks, with firm support emerging below 1.32 while gains have been capped around the upper 1.32\/low 1.33 range.\u201d They add that \u201ctrend momentum is neutral on the intraday chart, supporting the outlook for more, sideways movement,\u201d and while \u201cbroader bearish pressure remains intact\u201d it \u201cmay be moderating.\u201d Key levels remain in focus, with \u201ckey support is 1.3140\/50\u201d cited as an important downside marker.<\/p><h2 class=\"fxs_headline_from_medium_to_large PostContentEditorTheme__h2\" dir=\"ltr\">BoE\u2019s Pill questions pace of future UK rate hikes<\/h2><p dir=\"ltr\">BoE\u2019s Pill delivers a moderately hawkish message, with a 7\/10 FXS Speechtracker score slightly below the 7.4\/10 historic average, as resilience in UK output and the labor market is acknowledged but runaway growth is downplayed. The scepticism about market pricing of four hikes over the next year and the need for more concrete evidence to justify 100bps of tightening signal caution on the speed of further rate increases rather than a strong push for aggressive action.<\/p><p dir=\"ltr\">Comments that an earlier move would have shown the BoE was not \u201cholding and hoping,\u201d and that it is misguided not to react to uncertainty, underline a preference for data-driven tightening in the face of persistent underlying UK inflation that never fell enough pre-Iran shock. Overall, the speech leans slightly hawkish on inflation risks but tempers expectations for rapid UK rate hikes, which may cap immediate upside for the Pound while keeping a floor under rate expectations.<\/p><img decoding=\"async\" src=\"https:\/\/editorial.fxsstatic.com\/miscelaneous\/chart-analysis-1792025451353\" alt=\"Chart Analysis GBP\/USD\" loading=\"lazy\"><p><br><\/p><h2 class=\"fxs_headline_from_medium_to_large PostContentEditorTheme__h2\" dir=\"ltr\">Technical Analysis: GBP\/USD keeps a bearish vibe under the 100-day SMA<\/h2><p dir=\"ltr\">In the daily chart, GBP\/USD retains a bearish near-term tone as spot remains under the 100-day simple moving average (SMA) and below the Bollinger middle band. Price is holding above the lower Bollinger band, suggesting downside pressure is moderated but not exhausted, while the Relative Strength Index (14) around 42.9 stays below the neutral 50 line, hinting at persistently soft momentum rather than oversold conditions.<\/p><p dir=\"ltr\">On the topside, initial resistance emerges at the Bollinger middle band near 1.3255, ahead of a secondary barrier at the upper Bollinger band around 1.3360, with the 100-day SMA at 1.3390 reinforcing a broader supply zone above. On the downside, the lower Bollinger band at 1.3145 provides the first notable support, and a clean break beneath this level would likely open the way to further weakness in the pair.<\/p><p dir=\"ltr\"><em>(The technical analysis of this story was written with the help of an AI tool. <\/em><em>Know more.<\/em><em>)<\/em><\/p><div class=\"post-module\"><div id=\"content-module-faq-Forex-aud-994\" data-type=\"faq\" data-module=\"faq\" data-config-topic=\"aud\" data-config-category=\"Forex\" data-version=\"v1\" data-content-module-translate=\"0\">\n    <div class=\"fxs-faq-module-wrapper\">\n        <h2 class=\"fxs-faq-module-title\">Australian Dollar FAQs<\/h2>\n        <div class=\"fxs-faq-module-container\">\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-aud-994accordion0\" checked=\"checked\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-aud-994accordion0\">\n                            <span>What key factors drive the Australian Dollar?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment \u2013 whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) \u2013 is also a factor, with risk-on positive for AUD. <\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-aud-994accordion1\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-aud-994accordion1\">\n                            <span>How do the decisions of the Reserve Bank of Australia impact the Australian Dollar?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">The Reserve Bank of Australia (RBA) influences the Australian Dollar (AUD) by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down. Relatively high interest rates compared to other major central banks support the AUD, and the opposite for relatively low. The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive. <\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-aud-994accordion2\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-aud-994accordion2\">\n                            <span>How does the health of the Chinese Economy impact the Australian Dollar?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">China is Australia\u2019s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar (AUD). When the Chinese economy is doing well it purchases more raw materials, goods and services from Australia, lifting demand for the AUD, and pushing up its value. The opposite is the case when the Chinese economy is not growing as fast as expected. Positive or negative surprises in Chinese growth data, therefore, often have a direct impact on the Australian Dollar and its pairs. <\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-aud-994accordion3\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-aud-994accordion3\">\n                            <span>How does the price of Iron Ore impact the Australian Dollar?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">Iron Ore is Australia\u2019s largest export, accounting for $118 billion a year according to data from 2021, with China as its primary destination. The price of Iron Ore, therefore, can be a driver of the Australian Dollar. Generally, if the price of Iron Ore rises, AUD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Iron Ore falls. Higher Iron Ore prices also tend to result in a greater likelihood of a positive Trade Balance for Australia, which is also positive of the AUD. <\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-aud-994accordion4\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-aud-994accordion4\">\n                            <span>How does the Trade Balance impact the Australian Dollar? <\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">The Trade Balance, which is the difference between what a country earns from its exports versus what it pays for its imports, is another factor that can influence the value of the Australian Dollar. If Australia produces highly sought after exports, then its currency will gain in value purely from the surplus demand created from foreign buyers seeking to purchase its exports versus what it spends to purchase imports. Therefore, a positive net Trade Balance strengthens the AUD, with the opposite effect if the Trade Balance is negative.<\/p>\n                <\/section>\n        <\/div>\n    <\/div>\n<\/div><\/div>          <\/div>\n        <\/div>\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/AVAX-bearish-line_Large.png\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Oct 15, 09:05 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">Australian Dollar drops to one-week low on dismal jobs data; weak USD helps limit losses<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <style>.fxs-event-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left}.fxs-event-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-event-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-event-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:12px}.fxs-event-module-section:last-child{border:none;margin-bottom:0}.fxs-event-module-header{color:#1b1c23;font-weight:700;font-size:16px;font-style:normal;line-height:20px;margin:0;padding:4px 0;background-color:#fff;border:none;position:relative;padding-right:32px}.fxs-event-module-header label{cursor:pointer;display:block}.fxs-event-module-header label:after,.fxs-event-module-header label:before{content:\"\";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-event-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-event-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-event-module-container input[type=checkbox]{display:none}.fxs-event-module-container input[type=checkbox]:checked+.fxs-event-module-section .fxs-event-module-header label:after{transform:rotate(45deg) translateX(4px)}.fxs-event-module-container input[type=checkbox]:checked+.fxs-event-module-section .fxs-event-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-event-module-content{color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0;margin-top:8px}.fxs-event-module-content.why-matters{max-height:0;overflow:hidden;transition:all .3s ease-in-out}.fxs-event-module-container input[type=checkbox]:checked+.fxs-event-module-section .fxs-event-module-content.why-matters{max-height:1000px;margin-top:8px}.fxs-event-module-calendar-title{color:#1b1c23;font-size:17.6px;font-family:Roboto;font-style:normal;font-weight:700;line-height:20.8px;margin:4px 0 0 0}.fxs-event-module-calendar-title-description-wrapper{display:flex;flex-direction:column;gap:12px;border-bottom:1px solid #ececf1;padding-bottom:16px;margin-bottom:16px}.fxs-event-module-inner-calendar{padding:16px}.fxs-event-module-inner-calendar .fxs-event-module-section{padding:0}.fxs-event-module-inner-calendar .fxs-event-module-header{font-size:12.8px;line-height:17px}.fxs-event-module-read-more{display:flex;align-items:center;align-content:center;gap:4px;color:#e4871b;font-size:12.8px;font-family:Roboto;font-style:normal;font-weight:700;line-height:17px;text-decoration:none}.fxs-event-module-read-more svg{width:16px;height:16px}.fxs-event-module-read-more:hover span{text-decoration:underline}.fxs-event-module-release{margin:0;display:flex;flex-direction:column;gap:2px}.fxs-event-module-release>p{font-size:12.8px;font-family:Roboto;font-style:normal;line-height:17px;margin:0}.fxs-event-module-release>p>strong{color:#8c8d91;font-weight:700}.fxs-event-module-release>p>span{color:#8c8d91;font-weight:400}.fxs-event-module-release>p>a{color:#e4871b;font-weight:700;text-decoration:none}.fxs-event-module-release>p>a:hover>span{text-decoration:underline}.fxs-event-module-inner-calendar .fxs-event-module-container{margin:16px 0 0 0;border-top:1px solid #ececf1;padding:12px 0 0 0}@media (min-width:680px){.fxs-event-module-inner-calendar .fxs-event-module-header{font-size:14.72px;line-height:20px}.fxs-event-module-release p{font-size:14.72px;line-height:20px}.fxs-event-module-read-more{font-size:14.72px;line-height:20px}.fxs-event-module-calendar-title{font-size:22.4px;line-height:25.6px}.fxs-event-module-title{font-size:19.2px;line-height:27.2px}.fxs-event-module-header{font-size:19.2px;line-height:25.92px}.fxs-event-module-content{font-size:16px;line-height:21.6px}}<\/style>\n<ul class=\"PostContentEditorTheme__ul\"><li value=\"1\" class=\"PostContentEditorTheme__listItem\" style=\"text-align: left;\"><strong>AUD\/USD weakens following the disappointing release of Australian jobs data on Thursday.<\/strong><\/li><li value=\"2\" class=\"PostContentEditorTheme__listItem\" style=\"text-align: left;\"><strong>The USD retreats further from the post-CPI swing high, offering some support to spot prices.<\/strong><\/li><li value=\"3\" class=\"PostContentEditorTheme__listItem\" style=\"text-align: left;\"><strong>Traders now look to US PPI for some impetus ahead of Fed Chair Warsh\u2019s speech on Friday.<\/strong><\/li><\/ul><p dir=\"ltr\" style=\"\">The AUD\/USD pair attracts some selling in reaction to the disappointing Australian jobs data, dropping to a one-week low, below mid-0.6900s, during the Asian session on Thursday. However, a broadly weaker US Dollar (USD) helps limit the downside for the spot prices and warrants some caution before positioning for an extension of Wednesday's retracement slide from the monthly top \u2013 levels above the 0.7000 psychological mark.<\/p><p dir=\"ltr\" style=\"\">The Australian Bureau of Statistics (ABS) reported that the number of employed people declined by 39.3K in September, reversing the previous month's rise of 39.5K and missing estimates of a 20K increase by a big margin. Furthermore, the Unemployment Rate edged higher to 4.7% from 4.6% in August, dampening hopes for another rate hike by the Reserve Bank of Australia (RBA). This, in turn, weighs heavily on the Australian Dollar (AUD), though the ongoing USD retracement slide from the April 2025 high acts as a tailwind for the AUD\/USD pair.<\/p><p dir=\"ltr\" style=\"\">Wednesday's US Consumer Price Index (CPI) report pointed to broadening inflation pressures, reaffirming bets for further policy tightening by the Federal Reserve (Fed). Traders, however, are still pricing in around a 75% chance that the US central bank will leave rates unchanged at the October policy meeting. The outlook leads to a further decline in US bond yields, prompting some follow-through USD profit-taking slide and offering some support to the AUD\/USD pair. However, geopolitical uncertainties could help limit losses for the safe-haven buck.<\/p><p dir=\"ltr\" style=\"\">Furthermore, market participants seem convinced that the US central bank will raise borrowing costs by the end of this year amid inflation risks stemming from volatile energy prices. Hence, the market focus now shifts to the release of the US Producer Price Index (PPI), due later today. Apart from this, Fed Chair Kevin Warsh's speech on Friday will be looked at for more cues about the future policy path, which will play a key role in influencing the near-term USD price dynamics and provide some meaningful impetus to the AUD\/USD pair.<\/p><h2 class=\"fxs_headline_from_medium_to_large PostContentEditorTheme__h2\" dir=\"ltr\">AUD\/USD 4-hour chart<\/h2><img decoding=\"async\" src=\"https:\/\/editorial.fxsstatic.com\/miscelaneous\/chart-analysis-1792026032471\" alt=\"Chart Analysis AUD\/USD\" loading=\"lazy\"><h2 class=\"fxs_headline_from_medium_to_large PostContentEditorTheme__h2\" dir=\"ltr\">Technical Analysis<\/h2><p dir=\"ltr\">The AUD\/USD holds a mildly bearish near-term bias and remains capped beneath the 100-period Simple Moving Average (SMA) on the 4-hour chart. Spot prices also trade just under the previously supportive upward trend line around 0.6960, suggesting that former support has turned into nearby resistance and that rallies may struggle while the pair is contained below these overhead levels.<\/p><p dir=\"ltr\">The 100-period SMA at 0.6986 might continue to act as an initial resistance, which reinforces the broader cap on recovery attempts ahead of the overnight swing high, around the 0.7015 region. On the downside, the next notable support is the structural swing base around 0.6905, where buyers would be expected to re-emerge if the AUD\/USD pair extends its pullback.<\/p><p dir=\"ltr\"><em>(The technical analysis of this story was written with the help of an AI tool. <\/em><em>Know more.<\/em><em>)<\/em><\/p><div class=\"post-module\"><div id=\"content-module-event-24deb0b5-7859-487b-a8bf-c9ba578c5d4a-159\" data-type=\"event\" data-module=\"event\" data-config-event-id=\"9ff4533a-0a0d-467e-af83-7e703f76777c\" data-config-topic=\"24deb0b5-7859-487b-a8bf-c9ba578c5d4a\" data-config-mode=\"Historical\" data-version=\"v1\" data-content-module-translate=\"0\" class=\"fxs-event-module-wrapper\">\n    <h2 class=\"fxs-event-module-title\">Economic Indicator<\/h2>\n    <div class=\"fxs-event-module-inner-calendar\">\n        <div class=\"fxs-event-module-calendar-title-description-wrapper\">\n            <h3 class=\"fxs-event-module-calendar-title\">Employment Change s.a.<\/h3>\n            <p class=\"fxs-event-module-content\">The Employment Change released by the Australian Bureau of Statistics is a measure of the change in the number of employed people in Australia. The statistic is adjusted to remove the influence of seasonal trends. Generally speaking, a rise in Employment Change has positive implications for consumer spending, stimulates economic growth, and is bullish for the Australian Dollar (AUD). A low reading, on the other hand, is seen as bearish.<\/p>\n            \n                <svg width=\"1.3rem\" height=\"1.3rem\" aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" class=\"fxs_icon fa-chart-bar fa-w-16\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 512 512\">\n                    <path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 16-16v-16c0-8.84-7.16-16-16-16zm-387.2-48h22.4c6.4 0 12.8-6.4 12.8-12.8v-70.4c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v70.4c0 6.4 6.4 12.8 12.8 12.8z\">\n                    <\/path>\n                <\/svg>\n                <span>Read more.<\/span>\n            \n        <\/div>\n        <div class=\"fxs-event-module-release\">\n            <p>\n                <strong>Last release:<\/strong>\n                <span>Thu Oct 15, 2026 00:30 <\/span>\n            <\/p>\n            <p>\n                <strong>Frequency:<\/strong>\n                <span>Monthly<\/span>\n            <\/p>\n            <p>\n                <strong>Actual:<\/strong>\n                <span class=\"fxs-event-module-negative-number\">-39.3K<\/span>\n            <\/p>\n            <p>\n                <strong>Consensus:<\/strong>\n                <span>20K<\/span>\n            <\/p>\n            <p>\n                <strong>Previous:<\/strong>\n                <span>39.5K<\/span>\n            <\/p>\n            <p>\n                <strong>Source:<\/strong>\n                \n                    <span>Australian Bureau of Statistics<\/span>\n                    <svg width=\"13\" height=\"13\" viewbox=\"0 0 13 13\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n                        <path d=\"M12.1484 0.5C12.3359 0.5 12.5 0.664062 12.5 0.851562L12.4766 4.67188C12.4766 4.85938 12.3359 5 12.1484 5H11.375V5.02344C11.1875 5.02344 11.0234 4.85938 11.0234 4.67188L11.0938 2.9375L11.0469 2.89062L4.50781 9.42969C4.46094 9.47656 4.39062 9.52344 4.32031 9.52344C4.22656 9.52344 4.15625 9.47656 4.10938 9.42969L3.57031 8.89062C3.52344 8.84375 3.47656 8.77344 3.47656 8.67969C3.47656 8.60938 3.52344 8.53906 3.57031 8.49219L10.1094 1.95312L10.0625 1.90625L8.32812 1.97656C8.14062 1.97656 8 1.8125 8 1.625V0.851562C8 0.664062 8.14062 0.523438 8.32812 0.523438L12.1484 0.5ZM10.625 7.25C10.8125 7.25 11 7.4375 11 7.625V11.375C11 12.0078 10.4844 12.5 9.875 12.5H1.625C0.992188 12.5 0.5 12.0078 0.5 11.375V3.125C0.5 2.51562 0.992188 2 1.625 2H5.375C5.5625 2 5.75 2.1875 5.75 2.375V2.75C5.75 2.96094 5.5625 3.125 5.375 3.125H1.76562C1.67188 3.125 1.625 3.19531 1.625 3.26562V11.2344C1.625 11.3281 1.67188 11.375 1.76562 11.375H9.73438C9.80469 11.375 9.875 11.3281 9.875 11.2344V7.625C9.875 7.4375 10.0391 7.25 10.25 7.25H10.625Z\" fill=\"#E4871B\"><\/path>\n                    <\/svg>\n                \n            <\/p>\n        <\/div>\n    <\/div>\n<\/div><\/div>          <\/div>\n        <\/div>\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/Employment_newspaper_Large.png\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Oct 15, 04:30 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">Australia\u2019s Unemployment Rate holds steady at 4.7%, as expected<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <style>.fxs-major-currency-prices-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left}.fxs-major-currency-prices-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-major-currency-prices-content{color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:8px 16px}table.fxs-major-currency-prices-currency-prices-table{width:100%;text-align:center;border-collapse:collapse;font-size:1rem}table.fxs-major-currency-prices-currency-prices-table th{background-color:#f2f2f2}table.fxs-major-currency-prices-currency-prices-table td{color:#fff}table.fxs-major-currency-prices-currency-prices-table td.green{background-color:#9cd6cd}table.fxs-major-currency-prices-currency-prices-table td.red{background-color:#faafb5}table.fxs-major-currency-prices-currency-prices-table td.blue-grey{background-color:#888a93}.fxs-major-currency-prices-currency-prices-legend{font-size:11px;margin:8px;color:#49494f}@media (min-width:680px){.fxs-major-currency-prices-content{font-size:16px;line-height:21.6px}.fxs-major-currency-prices-title{font-size:19.2px;line-height:27.2px}}.fxs-major-currency-prices-currency-price td.dark-green{background-color:#39ad9a}.fxs-major-currency-prices-currency-price td.light-green{background-color:#9cd6cd}.fxs-major-currency-prices-currency-price td.gray{background-color:#888a93}.fxs-major-currency-prices-currency-price td.light-red{background-color:#faafb5}.fxs-major-currency-prices-currency-price td.strong-red{background-color:#f55e6a}\n.fxs-related-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left}.fxs-related-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-related-module-related-link a{font-size:19.2px;line-height:25.92px}.fxs-related-module-related-link a{text-decoration:none;color:#1b1c23;font-weight:700;font-size:16px;font-style:normal;line-height:20px}.fxs-related-module-related-link a:hover,.fxs-related-module-related-link:hover,.fxs-related-module-related-link:hover a{color:#e4871b}.fxs-related-module-related-link a:hover{text-decoration:none}@media (min-width:680px){.fxs-related-module-title{font-size:19.2px;line-height:27.2px}.fxs-related-module-related-link a{font-size:19.2px;line-height:25.92px}}\n.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:\"\";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}<\/style>\n<p dir=\"ltr\">Australia\u2019s&nbsp;Unemployment Rate stayed at 4.7% in September, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. The figure came in above the market consensus of 4.6%.<\/p><p dir=\"ltr\">Furthermore, the&nbsp;Australian Employment&nbsp;Change arrived at -39.3K in September from a rise of 39.5K in August, compared with the consensus&nbsp;forecast&nbsp;of a 20K increase.<\/p><p dir=\"ltr\">The participation rate&nbsp;in Australia decreased to 66.8% in September from 67.0% in August (revised from 67.1%). Meanwhile, Full-Time Employment increased by 34.4K in the same period from a decline of 6.3K in the previous reading. The Part-Time Employment fell by 73.7K in September versus a rise of 45.8K prior.<\/p><p dir=\"ltr\">Sean Crick, ABS head of labour statistics, said with the key highlights noted below<\/p><blockquote dir=\"ltr\"><p>This September a higher proportion of people remained unemployed compared to recent years.<br><br>This follows from last month when a higher proportion of people who were previously not in the labour force moved to being unemployed.\u201d<br><br>The number of part-time hours worked fell 1.5 per cent this month, with full-time hours worked rising by 0.4 per cent.<\/p><\/blockquote><h2 class=\"fxs_headline_from_medium_to_large PostContentEditorTheme__h2\" dir=\"ltr\"><strong>Market reaction&nbsp;to the Australia\u2019s employment data<\/strong><\/h2><p dir=\"ltr\">The Australian Dollar (AUD) attracts some sellers following the employment data. At the time of&nbsp;writing,&nbsp;the&nbsp;AUD\/USD&nbsp;pair&nbsp;is trading 0.24% lower on the day to trade at 0.6954.<\/p><div class=\"post-module\"><div id=\"content-module-currencyprices-AUD-322\" data-type=\"currencyprices\" data-module=\"currencyprices\" data-config-topic=\"AUD\" data-config-asset=\"AUD\" data-config-criteria=\"Weakest\" data-config-period=\"ThisWeek\" data-config-currencies=\"USD,EUR,GBP,JPY,CAD,AUD,NZD,CHF\" data-config-quotes=\"1.11917:1.11929,1.322855:1.32295,1.182835:1.18203,0.006323:0.006334,0.005648:0.005659,0.004773:0.004788,0.70051:0.70377,0.626185:0.628855,0.529395:0.532,110.9495:111.126,0.69729:0.695635,0.623025:0.621535,0.526715:0.5259,110.4015:109.828,0.99525:0.988305,0.56105:0.56054,0.501495:0.500795,0.423975:0.42369,88.748:88.495,0.800025:0.796375,0.804945:0.805745,1.20474:1.202961,1.076865:1.074749,0.910165:0.909235,190.7495:189.924,1.719715:1.70905,1.728743:1.729176,2.14673:2.14609\" data-version=\"v1\" data-content-module-translate=\"0\" class=\"fxs-major-currency-prices-wrapper\">\n    <h2 class=\"fxs-major-currency-prices-title\">Australian Dollar Price This week<\/h2>\n    <p class=\"fxs-major-currency-prices-content\">The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies this week. Australian Dollar was the weakest against the Canadian Dollar.<\/p>\n    <table class=\"fxs-major-currency-prices-currency-prices-table\" border=\"1\">\n        <thead>\n        <tr>\n            <th><\/th>\n                <th>USD<\/th>\n                <th>EUR<\/th>\n                <th>GBP<\/th>\n                <th>JPY<\/th>\n                <th>CAD<\/th>\n                <th>AUD<\/th>\n                <th>NZD<\/th>\n                <th>CHF<\/th>\n        <\/tr>\n        <\/thead>\n        <tbody>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>USD<\/th>\n                        <td><\/td>\n                        <td class=\"light-red\">-0.01%<\/td>\n                        <td class=\"light-red\">-0.01%<\/td>\n                        <td class=\"light-red\">-0.17%<\/td>\n                        <td class=\"light-red\">-0.46%<\/td>\n                        <td class=\"light-green\">0.24%<\/td>\n                        <td class=\"light-green\">0.09%<\/td>\n                        <td class=\"light-green\">0.15%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>EUR<\/th>\n                        <td class=\"light-green\">0.01%<\/td>\n                        <td><\/td>\n                        <td class=\"light-green\">0.07%<\/td>\n                        <td class=\"light-red\">-0.19%<\/td>\n                        <td class=\"light-red\">-0.42%<\/td>\n                        <td class=\"light-green\">0.24%<\/td>\n                        <td class=\"light-green\">0.14%<\/td>\n                        <td class=\"light-green\">0.20%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>GBP<\/th>\n                        <td class=\"gray\">0.00%<\/td>\n                        <td class=\"light-red\">-0.07%<\/td>\n                        <td><\/td>\n                        <td class=\"light-red\">-0.31%<\/td>\n                        <td class=\"light-red\">-0.49%<\/td>\n                        <td class=\"light-green\">0.15%<\/td>\n                        <td class=\"light-green\">0.07%<\/td>\n                        <td class=\"light-green\">0.10%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>JPY<\/th>\n                        <td class=\"light-green\">0.17%<\/td>\n                        <td class=\"light-green\">0.19%<\/td>\n                        <td class=\"light-green\">0.31%<\/td>\n                        <td><\/td>\n                        <td class=\"light-red\">-0.16%<\/td>\n                        <td class=\"light-green\">0.52%<\/td>\n                        <td class=\"light-green\">0.29%<\/td>\n                        <td class=\"light-green\">0.43%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>CAD<\/th>\n                        <td class=\"light-green\">0.46%<\/td>\n                        <td class=\"light-green\">0.42%<\/td>\n                        <td class=\"light-green\">0.49%<\/td>\n                        <td class=\"light-green\">0.16%<\/td>\n                        <td><\/td>\n                        <td class=\"light-green\">0.70%<\/td>\n                        <td class=\"light-green\">0.46%<\/td>\n                        <td class=\"light-green\">0.62%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>AUD<\/th>\n                        <td class=\"light-red\">-0.24%<\/td>\n                        <td class=\"light-red\">-0.24%<\/td>\n                        <td class=\"light-red\">-0.15%<\/td>\n                        <td class=\"light-red\">-0.52%<\/td>\n                        <td class=\"light-red\">-0.70%<\/td>\n                        <td><\/td>\n                        <td class=\"light-red\">-0.10%<\/td>\n                        <td class=\"light-red\">-0.03%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>NZD<\/th>\n                        <td class=\"light-red\">-0.09%<\/td>\n                        <td class=\"light-red\">-0.14%<\/td>\n                        <td class=\"light-red\">-0.07%<\/td>\n                        <td class=\"light-red\">-0.29%<\/td>\n                        <td class=\"light-red\">-0.46%<\/td>\n                        <td class=\"light-green\">0.10%<\/td>\n                        <td><\/td>\n                        <td class=\"light-green\">0.03%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>CHF<\/th>\n                        <td class=\"light-red\">-0.15%<\/td>\n                        <td class=\"light-red\">-0.20%<\/td>\n                        <td class=\"light-red\">-0.10%<\/td>\n                        <td class=\"light-red\">-0.43%<\/td>\n                        <td class=\"light-red\">-0.62%<\/td>\n                        <td class=\"light-green\">0.03%<\/td>\n                        <td class=\"light-red\">-0.03%<\/td>\n                        <td><\/td>\n            <\/tr>\n        <\/tbody>\n    <\/table>\n    <p class=\"fxs-major-currency-prices-currency-prices-legend\">The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)\/USD (quote).<\/p>\n<\/div><\/div><hr class=\"fxs_divider_first\"><p dir=\"ltr\"><em>This section below was published at 20:30 GMT on Wednesday as a preview of the Australia Employment report<\/em><\/p><ul class=\"PostContentEditorTheme__ul\"><li value=\"1\" class=\"PostContentEditorTheme__listItem\"><strong>The Australian Unemployment Rate is set to remain at a five-year high of 4.6% in September.<\/strong><\/li><li value=\"2\" class=\"PostContentEditorTheme__listItem\"><strong>Australia\u2019s Employment Change is expected to have added 20K jobs in the month, after gaining 39.5K in August.<\/strong><\/li><li value=\"3\" class=\"PostContentEditorTheme__listItem\"><strong>AUD\/USD battles the 0.7000 psychological barrier as RBA flags more rate hikes.<\/strong><\/li><\/ul><p dir=\"ltr\">The Australian Bureau of \u200bStatistics (ABS) will publish the September employment report on Thursday at 00:30 GMT.<\/p><p dir=\"ltr\">The Australian Dollar (AUD) could see a big reaction to the jobs data if the numbers significantly alter market expectations for another interest rate hike by the Reserve Bank of Australia (RBA) later this year.<\/p><h2 class=\"fxs_headline_from_medium_to_large PostContentEditorTheme__h2\" dir=\"ltr\"><strong>What to expect from the Australian Unemployment Rate?<\/strong><\/h2><p dir=\"ltr\">The Australian economy is expected to have added 20,000 jobs in September. Net employment rose by 39,500 in August, rebounding from a July decline of 15,900.<\/p><p dir=\"ltr\">Meanwhile, the Unemployment Rate is expected to remain at a five-year high of 4.6% in the same period. Details of the report are likely to show that the Participation Rate ticked a tad lower to 67% from 67.1% prior.<\/p><p dir=\"ltr\">Market participants will also watch the breakdown of full-time and part-time positions.&nbsp;<\/p><p dir=\"ltr\">A potential weakness in the labor market and a slowdown in wage growth are unlikely to temper bets for at least one more rate hike this year. Markets are currently pricing in about a 33% chance that the RBA will raise rates in November, according to the Australian Securities Exchange (ASX) RBA Rate Tracker.&nbsp;<\/p><p dir=\"ltr\">The Australian central bank raised interest rates for the fourth time this year in September to a 15-year high of 4.6%, and flagged further tightening, if needed.<\/p><p dir=\"ltr\">On the labor market, the RBA said that its \u201cconditions have eased broadly as expected in recent months, and labour market leading indicators are broadly stable.\u201d<\/p><p dir=\"ltr\">RBA Governor Michele Bullock, during her post-monetary policy meeting press conference, emphasized that \u201cunemployment rate still low historically,\u201d adding that she still thinks \u201cthe labor market is a little bit tight.\u201d<\/p><p dir=\"ltr\">Soon after the September policy decision, the Australian Consumer Price Index (CPI) data was published, showing that the trimmed mean measure of core inflation increased by 0.2% month-on-month in August, \u200bleaving the annual pace steady at 3.6% for a third consecutive month.<\/p><p dir=\"ltr\">With inflation showing no signs of easing, despite a run of rate increases this year, further tightening remains on the table unless the labour market weakens significantly.<\/p><h2 class=\"fxs_headline_from_medium_to_large PostContentEditorTheme__h2\" dir=\"ltr\"><strong>How could the Australian employment report affect AUD\/USD?<\/strong><\/h2><p dir=\"ltr\">An unexpected dip in the Unemployment Rate alongside stronger-than-expected job gains could boost November RBA rate-hike bets, provide the much-needed impetus to the currency and strengthen the AUD\/USD recovery beyond the 0.7000 level.<\/p><p dir=\"ltr\">Conversely, a surprise rise in unemployment, combined with weaker job growth, could prompt markets to price out a November interest rate increase, weighing heavily on the Aussie.<\/p><p dir=\"ltr\">Dhwani Mehta, Asian Session Lead Analyst at FXStreet, highlights key technical levels for trading AUD\/USD following the labor data:<\/p><p dir=\"ltr\">\u201cAUD\/USD keeps a bearish near-term tone as spot holds beneath a dense cluster of moving averages. The 21-day Simple Moving Average (SMA) at 0.7013 is the first cap just overhead, while the 100-day and 200-day SMAs at 0.7044 and 0.7042, respectively, reinforce a broader topside barrier, with the 50-day SMA further up at 0.7086. The Relative Strength Index (14) around 47 has recovered from oversold territory but still hints at only modest momentum, suggesting that bounces are likely to be limited while price remains under these key trend markers.\u201d<\/p><p dir=\"ltr\">\u201cOn the downside, with no clear moving-average or structural supports defined by the provided dataset, traders will likely look to recent lows near 0.6950 and the psychological 0.6900 mark as potential demand zones.\u201d<\/p><div class=\"post-module\"><div id=\"content-module-related-e90c822e-41b5-476e-bd7b-1a7d38f839fd-917\" data-type=\"related\" data-module=\"related\" data-config-topic=\"e90c822e-41b5-476e-bd7b-1a7d38f839fd\" data-config-post-id-0=\"ef0f2643-ff01-4404-99b5-727f96787725\" data-config-post-id-1=\"87cd2a00-c1fd-47ff-b6e6-38e8a8cdd6ed\" data-config-post-id-2=\"b7df6673-7674-4ce7-81d0-0ff5ad1dde7c\" data-version=\"v1\" data-content-module-translate=\"0\" class=\"fxs-related-module-wrapper\">\n    <h2 class=\"fxs-related-module-title\">Related news<\/h2>\n    <ul>\n            <li class=\"fxs-related-module-related-link\" data-ga4event-clk-name=\"related_content_click\">\n                Australian Dollar: RBA inflation focus shapes outlook \u2013 Commerzbank\n            <\/li>\n            <li class=\"fxs-related-module-related-link\" data-ga4event-clk-name=\"related_content_click\">\n                RBA Minutes: Case for rates to act promptly to keep inflation expectations anchored\n            <\/li>\n            <li class=\"fxs-related-module-related-link\" data-ga4event-clk-name=\"related_content_click\">\n                Australian Dollar : Key support at 0.6935 in focus against US Dollar   \u2013 UOB\n            <\/li>\n    <\/ul>\n<\/div><\/div><div class=\"post-module\"><div id=\"content-module-faq-Forex-rba-649\" data-type=\"faq\" data-module=\"faq\" data-config-topic=\"rba\" data-config-category=\"Forex\" data-version=\"v1\" data-content-module-translate=\"0\">\n    <div class=\"fxs-faq-module-wrapper\">\n        <h2 class=\"fxs-faq-module-title\">RBA FAQs<\/h2>\n        <div class=\"fxs-faq-module-container\">\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-rba-649accordion0\" checked=\"checked\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-rba-649accordion0\">\n                            <span>What is the Reserve Bank of Australia and how does it influence the Australian Dollar?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">The Reserve Bank of Australia (RBA) sets interest rates and manages monetary policy for Australia. Decisions are made by a board of governors at 11 meetings a year and ad hoc emergency meetings as required. The RBA\u2019s primary mandate is to maintain price stability, which means an inflation rate of 2-3%, but also \u201c..to contribute to the stability of the currency, full employment, and the economic prosperity and welfare of the Australian people.\u201d Its main tool for achieving this is by raising or lowering interest rates. Relatively high interest rates will strengthen the Australian Dollar (AUD) and vice versa. Other RBA tools include quantitative easing and tightening.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-rba-649accordion1\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-rba-649accordion1\">\n                            <span>How does inflation data impact the value of the Australian Dollar?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">While inflation had always traditionally been thought of as a negative factor for currencies since it lowers the value of money in general, the opposite has actually been the case in modern times with the relaxation of cross-border capital controls. Moderately higher inflation now tends to lead central banks to put up their interest rates, which in turn has the effect of attracting more capital inflows from global investors seeking a lucrative place to keep their money. This increases demand for the local currency, which in the case of Australia is the Aussie Dollar.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-rba-649accordion2\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-rba-649accordion2\">\n                            <span>How does economic data influence the value of the Australian Dollar?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">Macroeconomic data gauges the health of an economy and can have an impact on the value of its currency. Investors prefer to invest their capital in economies that are safe and growing rather than precarious and shrinking. Greater capital inflows increase the aggregate demand and value of the domestic currency. Classic indicators, such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can influence AUD. A strong economy may encourage the Reserve Bank of Australia to put up interest rates, also supporting AUD.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-rba-649accordion3\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-rba-649accordion3\">\n                            <span>What is Quantitative Easing (QE) and how does it affect the Australian Dollar?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">Quantitative Easing (QE) is a tool used in extreme situations when lowering interest rates is not enough to restore the flow of credit in the economy. QE is the process by which the Reserve Bank of Australia (RBA) prints Australian Dollars (AUD) for the purpose of buying assets \u2013 usually government or corporate bonds \u2013 from financial institutions, thereby providing them with much-needed liquidity. QE usually results in a weaker AUD. <\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-rba-649accordion4\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-rba-649accordion4\">\n                            <span>What is Quantitative tightening (QT) and how does it affect the Australian Dollar?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">Quantitative tightening (QT) is the reverse of QE. It is undertaken after QE when an economic recovery is underway and inflation starts rising. Whilst in QE the Reserve Bank of Australia (RBA) purchases government and corporate bonds from financial institutions to provide them with liquidity, in QT the RBA stops buying more assets, and stops reinvesting the principal maturing on the bonds it already holds. It would be positive (or bullish) for the Australian Dollar. <\/p>\n                <\/section>\n        <\/div>\n    <\/div>\n<\/div><\/div>          <\/div>\n        <\/div>\n      <\/div>\n  <div class=\"latest-news__pagination\">\n    <div><a class=\"latest-news__page active\" href=\"?nav=1\">1<\/a><\/div><div><a class=\"latest-news__page \" href=\"?nav=2\">2<\/a><\/div><div><a class=\"latest-news__page \" href=\"?nav=3\">3<\/a><\/div><div><a class=\"latest-news__page \" href=\"?nav=4\">4<\/a><\/div><div><a class=\"latest-news__page \" href=\"?nav=5\">5<\/a><\/div>  <\/div>\n<\/section>\n<script>\n  let acc = document.getElementsByClassName(\"js-accordion\");\n  let i;\n\n  for (i = 0; i < acc.length; i++) {\n    acc[i].addEventListener(\"click\", function() {\n      this.classList.toggle(\"is-active\");\n\t  const parent = this.closest('.js-news-item')\n      const panel = parent.querySelector('.js-news-content')\n      parent.classList.toggle(\"is-active\");\n      if (panel.style.display === \"block\") {\n        panel.style.display = \"none\";\n      } else {\n        panel.style.display = \"block\";\n      }\n    });\n  }\n\t\n  function handleAccordionInContents() {\n\t  const dataAccordions = jQuery(\".latest-news__content.is-cn .fxs-content-module-header\")\n\t  dataAccordions.each(function() {\n\t\t  const $this = jQuery(this)\n\t\t  let isExpanded = $this.parent().attr('expanded')\n\t\t  if(typeof isExpanded !== 'undefined' && isExpanded !== false) {\n\t\t\t  $this.addClass('show')\n\t\t\t  $this.parent().addClass('show')\n\t\t  }\n\t  })\n\t  dataAccordions.on(\"click\", function(e) {\n\t\t  const $this = jQuery(this)\n\t\t  const content = $this.next()\n\t\t  if($this.hasClass('show')) {\n\t\t\t  content.slideUp(300, function() {\n\t\t\t\t  $this.removeClass('show')\n\t\t\t  \t  $this.parent().removeClass('show')\n\t\t\t  })\n\t\t  } else {\n\t\t\t  content.css(\"opacity\", 0)\n\t\t\t  \t.slideDown(300)\n\t\t\t  \t.animate(\n\t\t\t\t\t{ opacity: 1 },\n\t\t\t\t\t{ queue: false, duration: 300 }\n\t\t\t\t  );\n\t\t\t  $this.addClass('show')\n\t\t\t  $this.parent().addClass('show')\n\t\t\t  \n\t\t  }\n\t  })\n  }\n\t\n\t\n\tjQuery(document).ready(function() {\n\t\thandleAccordionInContents()\n\t})\n<\/script>\n\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e823cf5 e-flex e-con-boxed e-con\" data-id=\"e823cf5\" data-element_type=\"container\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[],&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-741da53 elementor-widget elementor-widget-heading\" data-id=\"741da53\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Forex Market News<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-874732b elementor-widget elementor-widget-text-editor\" data-id=\"874732b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.14.0 - 26-06-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Our dedicated focus on forex news and insights empowers you to capitalise on investment opportunities in the dynamic FX market. The forex landscape is ever-evolving, characterised by continuous exchange rate fluctuations shaped by vast influential factors. From economic data releases to geopolitical developments, these events can sway market sentiment and drive substantial movements in currency valuations.<\/p><p>At Rakuten Securities Hong Kong, we prioritise delivering timely and accurate forex news updates sourced from reputable platforms like FXStreet. This ensures you stay informed about crucial market developments, enabling informed decision-making and proactive strategy adjustments. Whether you&#8217;re monitoring forex forecasts, analysing trading perspectives, or seeking to capitalise on emerging trends, our comprehensive approach equips you with the insights needed to navigate the FX market effectively.<\/p><p>Stay ahead with our comprehensive forex news coverage, designed to keep you informed and prepared to seize profitable opportunities in the dynamic world of forex trading.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>HOME Forex News News source: FXStreet Forex Market News Our dedicated focus on forex news and insights empowers you to capitalise on investment opportunities in the dynamic FX market. The forex landscape is ever-evolving, characterised by continuous exchange rate fluctuations shaped by vast influential factors. From economic data releases to geopolitical developments, these events can [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":273,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_jet_sm_ready_style":"","_jet_sm_style":"","_jet_sm_controls_values":"","_jet_sm_fonts_collection":"","_jet_sm_fonts_links":"","_links_to":"","_links_to_target":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.11 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Forex News | FX Forecast - Rakuten Securities HK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sec.rakuten.com.hk\/en\/insight\/forex-news\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forex News | FX Forecast - Rakuten Securities HK\" \/>\n<meta property=\"og:description\" content=\"HOME Forex News News source: FXStreet Forex Market News Our dedicated focus on forex news and insights empowers you to capitalise on investment opportunities in the dynamic FX market. 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