A strong dollar is putting pressure on Asian emerging markets like Thailand and Indonesia, risking a vicious cycle of capital outflows and weaker currencies.
Key FX option expiries for Oct 8 include EUR/USD at 1.1150 and USD/JPY at 158.00, with bond yields driving dollar sentiment.
EUR/GBP has fallen to its lowest since June 2025, adding to signs of euro weakness amid France's fiscal troubles and broader market concerns.
USDCAD bounced off the 200-hour MA and crossed back above the 100-hour MA, keeping the uptrend intact.
A technical analysis of the major currency pairs shows the bias, limits, and targets as the dollar advances.
Morgan Stanley upgraded Brazil to overweight, forecasting 10% more gains in equities and the real by year-end.
EUR/CHF fell sharply on French fiscal worries, testing key support at 0.9300.
EUR/USD recovers after France's budget deficit plan tightens the OAT-Bund spread, reducing the euro's risk premium.
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Morgan Stanley now neutral with bullish bias on dollar, stays bearish on yen, favours krone as energy hedge.
Brazil's Ibovespa index crossed 200,000 for the first time after Bolsonaro led the first round of voting, while the dollar dropped 5% and stocks surged.
USDCHF rebounded after a sharp correction, now trading between its 100 and 200-hour moving averages. Buyers need to overcome the 100-hour MA.
USDCAD reached resistance at 1.4293 and pulled back, but sellers need to break support levels to confirm a reversal.
The dollar is firmer against six of seven major currencies, stock futures are lower, and Treasury yields are steady ahead of the ISM services report.
The Indian rupee nears record lows as the dollar draws safe-haven bids and US-Iran talks stay deadlocked.