Section
Forex
The dollar, the euro, the yen and the majors: what moves currency pairs and what traders are watching.
Market data by TradingView. Some quotes may be delayed. Not investment advice.
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Update: Euro zone inflation hits 4%, and energy at 20.8% explains all of the rise; core stays 2.5%
Eurostat's October flash puts euro area inflation at 4.0%, a three-year high. Strip out energy and prices rose 2.3% for the second month running, which is the split behind markets pricing about a 72% chance of another ECB hike in December.
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Canada's inflation rises to 3.1%, but without gasoline it is 2.2% and falling
Statistics Canada says September CPI accelerated on a 27.8% jump in gasoline prices, while the index excluding gasoline eased. The Bank of Canada decides on rates October 28.
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Euro slides to a 17-month low near $1.12 as Spain calls a November 29 election and French debt worries grow
Outlets differ on whether it is a 16- or 17-month low, but agree on the cause. A weaker euro makes European goods cheaper for U.S. importers and the dollar stronger against almost everything.
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Hedge funds swing back to a ¥210 billion yen short, but it is one-eighth of June's bet, CFTC data show
Leveraged funds moved from net long to net short 16,809 yen contracts in the week to Sept. 29. Asset managers added to bullish yen bets in the same week, and the dollar sits near 158 yen.
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Eurozone inflation jumps to 3.8%, but energy at 18.8% supplies almost half of it; core is 2.5%
Eurostat's September flash puts euro area inflation at a three-year high. Energy is 9% of the basket but contributed about 1.7 points. Strip it out and prices rose 2.3%, which is the split the ECB, now at 2.5%, has to weigh.
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What the dollar's September climb actually means for a wine shop, a border-town store and a supplier selling to Canada
The euro fixed at $1.1298 on Thursday, its lowest since May 2025, and the dollar bought 6.9% more Mexican pesos than on Sept. 1. That cuts some import bills, shrinks cross-border shoppers' budgets and makes U.S. goods dearer in Canada. Against the Chinese yuan, the dollar is weaker than in January.
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Colombia surprises with a hike to 12.25% on a 4-2-1 vote, keeping an 8.25-point cushion over the Fed
Most economists expected a hold. Inflation climbed back to 6.2% in August, analysts see 6.8% by December, and one board member wanted a half-point move.
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German inflation jumps to 3.3%, but energy did about a third of it and core held at 2.4%
Energy prices rose 14.9% from a year earlier in Germany's September flash reading. Services inflation eased for a third month. That split is what the ECB, now at 2.5% after two hikes, has to weigh.
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Canada's GDP flat in July as a refinery outage offsets a 1.3% construction gain; August seen up 0.2%
Statistics Canada says real GDP was essentially unchanged in July, with 10 of 20 sectors growing. Several of the drags were one-off shutdowns, which matters for the Bank of Canada's October 28 decision.
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Banxico holds at 6.5% as its cushion over the Fed shrinks to 2.5 points and the peso slides to 17.58
Mexico's central bank stood pat for a third straight meeting. The Fed's hike has narrowed the rate gap that supported the peso, and Banxico now sees inflation reaching target six months later than it said in June.
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ECB's Schnabel leaves for the IMF on Jan. 3, putting half the ECB board up for change by late 2027
Isabel Schnabel is leaving a year before her term ends. With the terms of Philip Lane and Christine Lagarde also ending in 2027, three of the six people who run the ECB day to day will change within 10 months, just as the bank has started raising rates again.
