Spending surge flips RBA outlook as markets price hikes.October's spending surge has flipped the script on Australia's cautious Q3 narrative, fuelling RBA rate hike bets and driving AUD/USD even higher. While technicals favour Aussie bulls, bond futures look stretched, raising squeeze risk.
Indian rupee to rise from record lows, but US trade deal key for recovery: Reuters poll.The Indian rupee will regain some lost ground against the U.S. dollar over the next three months, according to a Reuters poll of FX strategists, but a reversal in the currency's fortunes hinges upon India and the U.S. agreeing to a trade deal.
Dollar weak with rate-cut enthusiasm intact, euro at 7-week high.The U.S. dollar was soft on Thursday after lacklustre economic data cemented the case for a rate cut from the Federal Reserve next week, providing relief to the yen and pushing the euro to its highest level in nearly seven weeks.
Asia markets mixed, sentiment tepid as Fed looms.The dollar hit a five-week low while Asian stocks made a lacklustre start to the trading session on Thursday, after weaker-than-expected economic data cemented expectations the Federal Reserve will cut interest rates at its meeting next week.