At the start of Asian trading on Tuesday, the US dollar moved without a clear direction. A modest recovery in investor confidence supported higher-yielding currencies, while rising political risk in Europe kept unsettling traders and supported the dollar as a safe haven. The euro held steady at $1.1216, while the British pound rose 0.1% to $1.3308, the Australian dollar gained 0.1% to $0.6986 and the New Zealand dollar edged 0.1% higher to $0.5668. The article reads these small moves as signs of selective risk appetite rather than broad dollar weakness.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on en.shafaqna.com ↗
Keywords
US dollareuroyenexchange rates
Open a keyword to see other news on the same topic.
Related tickers and likely impact
USD/JPY
▲ Likely positiveRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/19/2026 | 158.532 |
| Change that session | +0.34% |
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/19/2026 | 101.98 |
| Change that session | +0.20% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- UBS sees EUR/USD recovering as markets turn too pessimistic on Europe
UBS expects the euro to recover to $1.16 by the end of 2026, arguing its slide from $1.17 to nearly $1.11 has gone further than Europe's economy justifies. Its strategists say markets have become "excessively pessimistic" on Europe, citing strong U.S. data, concerns over a possible U.S. diesel export ban, rising global bond yields and worries about France's finances. UBS does not expect a broader European debt crisis and says a French budget deal, possibly via Article 49.3, would help narrow French bond spreads. With markets having almost fully priced out a U.S. rate hike in October, UBS sees a sustained drop below $1.10 as increasingly unlikely. Further strong U.S. data, a material European slowdown or escalating French fiscal concerns could push the euro lower.
- EUR / USD Rebound Faces a Reality Check at Resistance
- Euro weakens against most G10 currencies
The euro fell against most G10 currencies as the conflict in Ukraine escalated and protests spread across France, weakening confidence in the single currency. In early Asian trading, the euro dropped as much as 0.5% against the US dollar, touching 1.1183 USD/euro before trading around 1.1212 USD/euro at 7:02 a.m. Singapore time on October 19. Carol Kong, a strategist at Commonwealth Bank of Australia, said the euro could fall to support at 1.1130 USD/euro this week, especially if the dollar strengthens on geopolitical tensions. High energy costs threaten European economic growth and keep inflation risks elevated. The euro was the weakest G10 currency over the past month and last week fell to its lowest level since May 2025.
- Weekly review of Azerbaijani currency market
The Azerbaijani manat held steady against the U.S. dollar from October 12 to 16, with a weighted average rate of 1.7000 manat per dollar, according to Trend's calculations based on Central Bank of Azerbaijan data. Against the euro, the official rate rose by 0.0037 manat, lifting the weighted average by 0.00466 to 1.90514 manat. The official rate for 100 Russian rubles rose by 0.0342 manat, and the weighted average increased by 0.01694 to 2.01922 manat. Against the Turkish lira, the official rate fell by 0.0002 manat, and the weighted average dropped by the same amount to 0.0343 manat per lira.
- Forex Rates in Pakistan Today - October 17 2026 – US Dollar, Euro, Pound, Dirham, Riyal (Copy)
Forex rates in Pakistan recorded slight changes on October 17, 2026. The US dollar was bought at Rs277.40 and sold at Rs280.35. The British pound had a buying rate of Rs366.82 and a selling rate of Rs371.56, while the euro was bought at Rs310.64 and sold at Rs315.74. The article also lists UAE dirham and Saudi riyal rates, noting that these rates affect the rupee value of remittances that expatriate workers send to families in Pakistan.
- Pound to Euro Nears €1.19 | Currency News United Kingdom
The pound gained about 0.3% against the euro on Monday, with GBP/EUR trading near €1.1890, as civil unrest across France weighed on the single currency. Clashes, looting and a fire that badly damaged Limoges' historic town hall add pressure on President Emmanuel Macron's government, which is struggling to secure parliamentary backing for a 2027 budget aimed at reducing France's large deficit. Concerns about French public finances and political stability have also unsettled the French bond market. Sterling made only modest gains and lacked momentum as investors awaited UK data, including Tuesday's employment report, which economists expect to show a slightly higher unemployment rate and slower wage growth. A weaker labour market could reduce expectations of further Bank of England rate rises and weigh on the pound, while the euro remains exposed to developments in France.
Related markets
Latest news
- Winning over Vingroup and Sun Group with concrete and special materials: Vietnamese company's profit up 136%, chairman speaks out
Song Da Cao Cuong (SCL) reported Q3/2026 profit of VND 38 billion, up 136%, on net revenue of over VND 263 billion (up nearly 98%), while gross profit margin rose from about 36% to 41%. For the first nine months, revenue reached nearly VND 666 billion (up 81%) and after-tax profit nearly VND 94 billion, already exceeding more than 110% of its full-year profit target. Chairman Kieu Van Mat attributed the results to technology upgrades, production line optimization and capacity expansion, with several new plants expected to start operations by November 2026. The company said it spent more than two years testing its products before Vingroup accepted them; Vingroup's share of its business has fallen to about 25% as customers expanded to around 10 major groups and exports began to Laos, Cambodia and the Philippines. Over the past two years, the company has invested about VND 1,000 billion in factories and technology.
- Coteccons Chairman Bolat Duisenov reveals new direction: expanding home construction for individual customers
At the annual general meeting on October 20, Coteccons (HoSE: CTD) set fiscal 2027 targets of VND 42,000 billion in revenue and VND 1,050 billion in after-tax profit, and said it is considering expanding into residential construction for individual customers (B2C). In fiscal 2026, net revenue reached VND 34,340 billion (up 38%, 115% of plan) and after-tax profit VND 788 billion (up 73%); new contract wins totaled VND 60,307 billion and backlog was about VND 70,000 billion. In the first quarter of the new fiscal year, the company booked revenue of VND 11,270 billion and profit of VND 306 billion, but new contract value of VND 14,519 billion was lower than a year earlier; the company said it is tightening criteria for selecting clients and projects. Coteccons is also working with Microsoft, is expected to become a strategic partner of Workday, and targets raising its ROE from 10% to 15-18% by 2030.
- UPS Yields 6.7% After Firing Amazon. Here's Whether the Dividend Survives 2027.
UPS shares yield 6.7% as of October 16. The company has moved away from high-volume, low-margin Amazon deliveries and froze its dividend earlier this year, ending a 16-year streak of increases. The article says the payout will likely remain frozen through 2026 and 2027, citing competition from 10- and 30-year Treasury yields above 5% and other industrial dividend payers, but calls the dividend's safety questionable: UPS generated $5.47 billion in free cash flow in 2025, with $5.4 billion going to dividends, and free cash flow is projected to fall to $5.05 billion in 2026 and $5.01 billion in 2027, with the dividend absorbing about 98% of 2026 free cash flow. Rising competition and high fuel prices add pressure, and the article suggests investors may find more safety in the industrial sector.
- Asian shares mostly decline after AI stocks lead a rebound on Wall Street
Asian shares mostly fell in cautious trading on Tuesday after AI-related stocks rebounded on Wall Street, while other sectors stayed shaky and oil prices stayed high. Japan's Nikkei 225 slipped 0.6% to 64,512.35 in early trading, South Korea's Kospi dropped 2.8%, and Australia's S&P/ASX 200 lost 0.8%. On Wall Street, the S&P 500 rose 0.4% and the Nasdaq gained 1.1%, helped by Nvidia's 1.4% gain, while most stocks outside AI and tech fell and the Dow slipped 0.1%. The 10-year Treasury yield climbed to 5.14%, and U.S. crude rose to $103.50 a barrel and Brent to $109.47, as uncertainty about when the energy industry will return to normal after the war with Iran means oil is unlikely to ease soon.
- Asian shares mostly decline after AI stocks lead a rebound on Wall Street
Asian shares mostly fell in cautious trading Tuesday after AI-related stocks rebounded on Wall Street, while other sectors stayed shaky and oil prices remained high. Japan's Nikkei 225 slipped 0.6% to 64,512.35, Australia's S&P/ASX 200 lost 0.8% to 8,772.10, and South Korea's Kospi dropped 2.8% to 5,605.31. On Wall Street, the S&P 500 rose 0.4% and the Nasdaq rallied 1.1%, helped by Nvidia, while the Dow fell 0.1%. The 10-year Treasury yield climbed to 5.14%, and U.S. crude rose 0.15% to $103.50 a barrel as uncertainty over the war with Iran kept oil prices elevated.
- What Could X-Energy (XE) Gain From Its 960MW Indiana Nuclear Project?
X-Energy (NasdaqGS:XE), American Electric Power and Amazon agreed to assess a 960 MW advanced nuclear project in Indiana using Xe-100 reactors, on a former coal plant site. Under the joint development agreement, Amazon would provide development funding and commit to a long-term power purchase. The article says the deal offers commercial validation for X-Energy's reactor platform rather than immediate financial relief, as the company, with a $4.3b market cap, reported $150.28 million in revenue, a $448.87 million loss, and a 20.2x price-to-sales ratio. The next key milestone is whether the study reaches a final investment decision for the Sullivan County site.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.