Forex News

Wednesday, October 29, 2025

US equity markets keep building on new record highs, boosted by sentiment, as President Trump tours Asia. President Trump has visited Malaysia and Japan, before attending APEC in South Korea. He is expected to sign a long-awaited trade deal, with President Xi, when they meet on the sidelines of the summit. The Fed is also expected to cut rates, further boosting confidence, in a bull market. The US Dollar was softer against the EUR, which jumped above 1.1650, while the maligned GBP, fell below 1.3300.The weaker reserve allowed for further gains in commodity currencies, with the AUD pushing back towards 0.6600, while the NZD approaches 0.5800. Market sentiment is high, with the Trump show on their Asian tour and global trade becomes a strength, rather than an impairment.

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