Forex & Currency Market News

Forex & Currency Markets10 hours ago

Sweden’s Riksbank Raises Policy Rate to 2% as Energy Inflation Risks Persist

Sweden’s Riksbank raised its policy rate by 25 basis points to 2.00% on 4 November 2026, its first increase in more than three years, according to same-day Wall Street Journal reporting. The move was widely anticipated and follows the central bank’s September decision to hold at 1.75%. Policymakers indicated additional tightening may follow if inflation and economic activity develop as projected. The Riksbank’s published schedule says the new policy rate takes effect on 11 November. War-related energy costs and resilient domestic activity remain important considerations. This is a confirmed decision reported by an established news outlet, but the November decision text on the Riksbank website could not be independently retrieved in this check.

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Forex & Currency Markets12 hours ago

New Zealand Unemployment Rises to 5.7% as Employment Falls in Q3

Stats NZ reported on 4 November 2026 that New Zealand’s seasonally adjusted unemployment rate rose to 5.7% in the September quarter, from 5.6% in June. Seasonally adjusted employment fell 0.1% to approximately 2.891 million people, while the employment rate eased to 66.4% from 66.7%. The unemployment rate was above the 5.5% forecast cited in the stats.govt.nz report. Annual wage-rate inflation was 2.1%.

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Forex & Currency Markets13 hours ago

US Job Openings Hold Near 7.5 Million as Quits Increase in September

The US Bureau of Labor Statistics reported on 3 November 2026 that job openings were little changed at approximately 7.5 million in September. Hires were little changed at 5.4 million and total separations at 5.3 million. Quits increased to about 3.4 million, while layoffs and discharges were broadly unchanged at 1.6 million. The US Bureau of Labor Statistics report quotes a rounded 7.52 million reading against a 7.15 million forecast; this summary uses the official BLS rounded release figures.

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Forex & Currency Markets13 hours ago

US Midterm Projections Point to Democratic Control of Congress

US media projections following the 3 November 2026 midterm elections indicate Democrats have won the House and made major Senate gains. Reuters reported House control was projected in the Democrats’ favour; Axios reported a Democratic Senate takeover based on Associated Press projections. Some races were still being counted when the reports appeared. These are media projections rather than certified final congressional results, and reports of market losses cannot by themselves prove the election was the sole catalyst.

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Forex & Currency Marketsa day ago

China Raises Banks' FX Reserve Ratio to 6% to Moderate Yuan Rally

The People's Bank of China announced on 3 November 2026 that it will raise the foreign-exchange deposit reserve requirement for financial institutions from 4% to 6% with effect from 15 November. Reuters estimated that the adjustment could withdraw around $24 billion in foreign-currency liquidity from the banking system. The measure follows a more than 5% rise in the yuan this year. Reuters reported that the onshore yuan weakened by as much as 0.37% against the US dollar after the announcement. This foreign-exchange reserve requirement change is separate from the PBOC's earlier equity-support swap facility and short-term repo operations.

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Forex & Currency Marketsa day ago

New Zealand Building Consents Fall 7.9% in September Despite Annual Growth

Stats NZ reported on 3 November 2026 that the seasonally adjusted number of new dwellings consented declined 7.9% in September after a 5.3% increase in August. There were 3,570 new dwellings consented during September. In the year ended September, 41,091 new homes were consented, up 18% from the previous year, while the annual value of non-residential building work consented fell 3.1% to NZ$8.7 billion. The monthly decline and stronger annual count highlight different time horizons; a building consent is not proof that construction has started.

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Forex & Currency Marketsa day ago

ECB Official Flags AI Valuations and Sovereign Bonds as Financial Stability Risks

European Central Bank Vice-President Boris Vujcic identified elevated AI equity valuations, government-bond market stress and potential losses at investment funds and other non-bank financial institutions as leading risks to financial stability, according to Reuters reporting on 2 November 2026. He noted that the ECB's forthcoming Financial Stability Review, scheduled for 18 November, was prepared as AI stocks began to correct. Vujcic said fiscal weaknesses should primarily be addressed by governments rather than relying on central-bank intervention. These are official risk assessments, not a newly announced ECB interest-rate decision or emergency market intervention.

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Forex & Currency Marketsa day ago

RBA Raises Cash Rate to 4.85% in Split 6–3 Vote as Inflation Persists

The Reserve Bank of Australia increased its cash-rate target by 25 basis points to 4.85% at its 3 November 2026 meeting, up from 4.60%. Six Monetary Policy Board members supported an increase and three favoured no change. The rate is its highest since 2008 and marks a fifth increase in 2026. The RBA said inflation remains too high, with elevated fuel prices and domestic cost pressures complicating the return to its target range. The rate decision is confirmed; further increases remain conditional rather than announced.

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Forex & Currency Markets2 days ago

US Dollar Softens Ahead of RBA, BoE and US Jobs Releases

DXY 101.687, EUR/USD 1.11819 and GBP/USD 1.33984 in its 2 November morning table, describing softer US-dollar trading ahead of monetary-policy decisions and US payrolls. These are historical snapshots, not current live prices or completed central-bank decisions.

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Forex & Currency Markets4 days ago

Brazilian Real Weakens as Dollar Gains 9.15% in Post-Election Week

Reuters reported the US dollar closed at 5.4460 Brazilian reais on 30 October 2026, rising 1.09% on the day to its highest closing level of the year. The dollar gained 9.15% against the real during the week following Brazil’s presidential run-off, amid investor concern about the fiscal-policy outlook. The move is an observed market reaction, not proof of any specific future government measure.

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Forex & Currency Markets5 days ago

Eurozone GDP Grows 0.4% in Q3, Beating Forecast as Ireland Boosts Result

Euro-area gross domestic product expanded 0.4% quarter on quarter in the third quarter of 2026, slowing from 0.6% in the preceding quarter but exceeding a 0.2% forecast, according to a Reuters report published on 30 October. Annual growth was 1.3%. Reuters reported substantial divergence among member economies: Germany expanded 0.2%, Spain and the Netherlands 0.6%, Italy was flat and France contracted 0.1%. Ireland’s 5.5% quarterly increase materially lifted the euro-area aggregate. The regional GDP estimate is a separate statistical release from the national announcements.

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Forex & Currency Markets5 days ago

Bank of Japan Holds Rate at 1.25% in 8–1 Vote, Raises Inflation Outlook

The Bank of Japan left its short-term interest-rate target at around 1.25% on 30 October 2026 in an 8–1 decision, with board member Hajime Takata dissenting, according to the central bank’s monetary-policy release and Reuters reporting. The BoJ also upgraded its inflation assessment, saying underlying inflation was around its 2% target. The rate decision is distinct from its separately announced acceleration of ETF sales. The bank did not announce a December rate increase.

USD/JPYJAPAN 225

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Forex & Currency Markets6 days ago

ECB President Christine Lagarde to Step Down on 7 February 2027

The European Central Bank confirmed on 29 October 2026 that President Christine Lagarde will step down on 7 February 2027, before her eight-year term was due to conclude in October 2027. Lagarde informed the ECB Governing Council and European Council President António Costa. Costa said the appointment process for her successor would begin immediately under European Union rules. No successor was announced in the official statements. The departure is a leadership development, not an ECB interest-rate decision.

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Forex & Currency Markets6 days ago

Bank of Canada Raises Policy Rate to 2.50% as Inflation Risks Persist

The Bank of Canada increased its overnight policy rate by 25 basis points to 2.50% on 28 October 2026, with the Bank Rate at 2.75% and deposit rate at 2.45%. The central bank said more persistent price pressures and higher energy costs warranted tightening. It forecast inflation averaging 3% in 2027 before returning to 2% around mid-2028.

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Forex & Currency Markets6 days ago

Federal Reserve Holds Rates at 3.75%–4.00% as Two Officials Seek a Hike

The Federal Open Market Committee left its target range unchanged at 3.75%–4.00% on 28 October 2026 by a 10–2 vote. Reuters reported that policymakers described economic growth as strong, while inflation remained elevated. Lisa Cook and Beth Hammack dissented in favour of a 25-basis-point increase. The decision and accompanying remarks left markets reassessing the likelihood of a December rate rise.

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