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Forex Daily

Australian Dollar weakens to near 0.7000 despite hawkish RBA stance

The AUD/USD pair loses momentum to around 0.7015 during the early Asian trading hours on Thursday. Risk-off bias and safe havens flows provide some support to the US Dollar (USD) against the Australian Dollar (AUD).

Silver Price Forecast: XAG/USD slips below $57.00 as surging oil fuels inflation fears

Silver price (XAG/USD) loses ground for the second successive day, trading around $56.80 per troy ounce during Asian hours on Thursday. Non-yielding Silver faces challenges as surging oil prices fuel inflation fears and boost expectations of a Federal Reserve (Fed) rate hike.

Japanese Yen extends range play vs USD as focus remains on Fed, BoJ meetings next week

The USD/JPY pair holds steady above the 158.00 mark during the Asian session on Thursday, extending its consolidative price action witnessed since the beginning of this month amid a combination of diverging forces.

Canadian Dollar gains strength as rising oil prices drive USD/CAD depreciation

USD/CAD extends its losing streak for the sixth consecutive day, trading around 1.4040 during Asian hours on Thursday. The currency pair experienced downward pressure as the commodity-linked Canadian Dollar (CAD) gained strength from a rally in crude oil prices.

Euro posts modest gains above 1.1200 despite French political unrest, fiscal worries

The EUR/USD pair trades with mild gains near 1.1235 during the early Asian trading hours on Thursday. However, the potential upside for the major pair might be limited amid concerns over the political and fiscal outlook in France.

Market News

Tether says Iran-linked USDT volumes fell 94% after freezes

Stylised illustration of a frozen wallet block contained within a blue pane on a dark financial terminal backdrop

Tether CEO Paolo Ardoino says wallet freezes cut Iran-linked USDT volumes 94%, rebutting a Senate report on shadow banking flows. He posted the figures on 19 October.

The post Tether says Iran-linked USDT volumes fell 94% after freezes appeared first on Forex Crunch.

EBA classifies Circle’s USDC as EU’s first ‘significant’ e-money token under MiCA

Stylised illustration of a regulatory oversight handover over abstract market depth bands, in navy, blue and amber

The EBA has classified Circle's USDC as the EU's first significant e-money token under MiCA, with joint EBA-ACPR supervision from 12 November 2026.

The post EBA classifies Circle’s USDC as EU’s first ‘significant’ e-money token under MiCA appeared first on Forex Crunch.

BIS paper: banks can slow stablecoin growth by paying savers more

Stylised financial-terminal illustration of money flow between bank deposits and stablecoins

A BIS working paper finds a one basis point rise in bank deposit rates cut ten-week stablecoin growth from about 15% to about 12%, with USDC more sensitive than USDT.

The post BIS paper: banks can slow stablecoin growth by paying savers more appeared first on Forex Crunch.

MSCI rules could drop Strategy and Metaplanet from indexes from 30 November

Abstract financial illustration of index-driven capital flowing away from a stock, in navy and blue flat vector style

MSCI adopts rules that could remove Strategy and Metaplanet from its global indexes, with the final list of affected companies due on 11 November and removals effective 30 November.

The post MSCI rules could drop Strategy and Metaplanet from indexes from 30 November appeared first on Forex Crunch.

Japan’s megabanks complete first joint yen stablecoin payment test

Illustration of cross-border payment flows between institutional buildings on a financial-terminal background

MUFG, Mizuho and SMBC completed Japan's first joint yen stablecoin pilot, testing cross-border payments for Mitsubishi Corporation with real transactions targeted in fiscal 2026.

The post Japan’s megabanks complete first joint yen stablecoin payment test appeared first on Forex Crunch.

 
 
 

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