- Analytics
- News and Tools
- Market News
- Forex Today: Dollar bulls on pause ahead of critical central banks’ announcements
Forex Today: Dollar bulls on pause ahead of critical central banks’ announcements
What you need to know on Tuesday, November 2:
The greenback edged lower against most major rivals on Monday, but its bullish potential remains intact. Market participants were cautiously optimistic pushing global equities higher and favoring a modest uptick in government bond yields. However, several central banks will unveil fresh decisions on monetary policy, including the RBA on Tuesday, US Federal Reserve on Wednesday and the Bank of England on Thursday. All of them are expected to introduce changes to their monetary policies, amid persistent inflationary pressures.
The EUR/USD pair trades around 1.1600, while GBP/USD remained under pressure in the 1.33660 price zone.
The positive tone of equities helped AUD/USD to recover above the 0.7500 threshold heading into the RBA’s monetary policy announcement. The USD/CAD pair trades around 1.2369.
Commodities are ending Monday with gains, with gold trading around $1,792 a troy ounce and WTI flirting with $84.00 a barrel.
Wall Street advanced, although gains were modest. Treasury yields ticked higher, although that on the 10-year Treasury note stood below 1.60%.
Shiba Inu prints bullish continuation pattern towards $0.00011
Like this article? Help us with some feedback by answering this survey:
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
