ING's FX Daily says AI-related jitters pushed down US rates, with the two-year USD OIS/SOFR falling 25bp since the October 14 post-CPI print, as markets reduced expected Fed tightening even with inflation running hot. The note argues the dollar may not be the safe haven of choice and could lag other G10 currencies if stock market instability originates in tech, while a December Fed hike remains likely and a return to 101.0 in DXY is possible. For EUR/USD, the pair briefly dropped below 1.120, with short-term fair value estimated at around 1.137-1.139 and downside risk from French protests and a 10-year OAT-Bund spread around 135-140bp. ING's month-ahead EUR/USD target stays at 1.130.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: FX Daily : AI jitters have damaged USD safe haven appeal | Hellenic Shipping News Worldwide
Read the original on hellenicshippingnews.com ↗
Keywords
US dollarexchange ratesartificial intelligence
Open a keyword to see other news on the same topic.
Related tickers and likely impact
DXY
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 101.78 |
| Change that session | -0.20% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- US Dollar Mixed Early Monday, Fed Officials in Quiet Period
- Peso slides to new low on dollar strength - BusinessWorld Online
The Philippine peso closed at a record low of P63.09 per dollar on Monday, down 10.5 centavos from Friday's P62.985, as safe-haven demand tied to geopolitical risks kept the greenback strong. The level surpassed the previous all-time-low close of P63.06 on Oct. 15, and the peso has depreciated 6.82% year to date. Analysts cited elevated global crude prices as a driver of dollar demand and noted the peso was weaker ahead of the BSP's policy meeting on Thursday, where 20 of 22 economists in a BusinessWorld poll expect a fourth straight 25-basis-point hike. Philippine Institute for Development Studies fellow John Paolo R. Rivera said the bigger concern is prolonged depreciation that feeds inflation and weakens household purchasing power, with the peso seen between P63 and P63.20 on Tuesday.
- 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.
- Vietcombank Dollar Quote Rises as Vietnam Cuts Reference Rate
On Monday, Vietcombank raised its dollar selling rate to VND26,100, up 0.08% from the weekend level, while the State Bank of Vietnam cut its reference rate by 0.02% to VND25,633, according to VnExpress. The dollar was trading near VND26,000 at unofficial exchange points. In international markets, the dollar index stood at 101.83, and the euro fell 0.1% to $1.1225 in early Asian trade, which Reuters linked to violent protests in France. The dollar traded at about 158 yen, the pound held at $1.3329, and the Australian dollar gained 0.3% to $0.6965.
- EUR / USD Rebound Faces a Reality Check at Resistance
- Dollar firmer , euro weakens as French protests turn violent
The euro fell 0.1% to US$1.1225 in early Asian trade, helping steady the dollar index at 101.83. French President Emmanuel Macron condemned 'shocking' violence at cost-of-living protests in a televised address, a day after France suffered one of its worst days of unrest in years. Analysts said the unrest affects the euro mainly through French bonds rather than directly. Elsewhere, the dollar was flat at 158.00 yen, Brent crude fell 1.7% to US$108.02 after Trump waived sanctions and tariffs on Russia, and bitcoin rose 1.4% to US$82,067.66.
Related markets
Latest news
- Intel stock pops after JPMorgan gives a Neutral upgrade
JPMorgan (JPM) upgraded Intel (INTC) to Neutral from Underweight. The note points to improving execution under CEO Lip-Bu Tan, potential foundry customers for next-generation manufacturing, and rising earnings estimates for 2027 and 2028.
- Intel leads chip stocks higher as investors jump back into AI trade
Chip stocks rebounded on Monday as investors bought the dip after last week's steep AI trade sell-off. The PHLX Semiconductor Index (^SOX) rose 2%, reversing a recent semiconductor rout. Intel (INTC) jumped 5% after JPMorgan upgraded the stock to Buy, citing "solid execution." Nvidia (NVDA) and AMD (AMD) also gained, while a Goldman Sachs upgrade of CoreWeave (CRWV) to Buy from Neutral helped lift AI sentiment. Arm Holdings (ARM), Micron Technology (MU) and SK Hynix (SKHY) also rebounded after sharp declines last week.
- Netflix stock is down roughly 25% in 2026 as Q3 earnings loom
Netflix (NFLX) reports third-quarter results after the bell on Tuesday, with the stock down more than 25% this year and closing Friday near $70, versus $93.76 at the end of 2025. Investors are worried about slowing viewership, competition from YouTube, and live sports moving to Amazon Prime Video and HBO Max. Last week Netflix cut about 6% of its workforce (roughly 1,000 employees) and named Peter Rice its new chief content officer, and five firms lowered price targets in October. Analysts expect EPS of $0.82 on revenue of $12.88 billion, up about 12% from a year earlier, in line with Netflix's own forecast. KeyBanc's Justin Patterson wants more content investment, product changes, expense cuts and a possible first-ever dividend.
- Cleveland-Cliffs Jumps 10% on Strongest Quarter in Three Years; Nucor and Steel Dynamics Edge Higher
Cleveland-Cliffs (CLF) rose 10% to $13.29 after reporting third-quarter adjusted EBITDA of $612 million, beating its $575 million guidance and up sharply from $143 million a year earlier. Revenue of $5.61 billion missed the $5.72 billion expected, though sales rose 18.6% year over year on a higher average net selling price of $1,177 per ton and larger shipments. Management said imports remain well below historical levels, but it indefinitely idled the galvanizing lines at its Canadian unit Stelco due to oversupply. The company guided to about $715 million of adjusted EBITDA in Q4 and said 2027 adjusted EBITDA should exceed $4 billion based on current index price forecasts. Its target is to bring net debt to EBITDA below 2.5x by mid-2027.
- Tech rebounds as semiconductor stocks jump: AlphaCheck
Stocks were mostly higher on Monday as investors turned their focus to earnings season, with semiconductor stocks rebounding after last week's sharp sell-off. The Tech sector (XLK) rose, led by Nvidia (NVDA), AMD (AMD), Micron (MU) and SK Hynix (SKHY). Intel (INTC) also jumped after JPMorgan analysts upgraded the stock, while CoreWeave (CRWV), hammered last week, rebounded on a Goldman Sachs upgrade. Investors are watching this week's reports from Netflix (NFLX), SpaceX (SPCX), Tesla (TSLA) and Meta (META). The 10-year Treasury (^TNX) yield hovered near 5.1%, while Brent crude (BZ=F) dropped to $108 per barrel and WTI (CL=F) hovered below $98.
- AI capex may be Meta's biggest earnings test
Meta Platforms (META) reports third-quarter earnings after the close on Wednesday, alongside a wave of Big Tech peers. The GAAP EPS estimate is $3.54, though that figure may be messy because a legal settlement will be included and analysts differ on how it will be accounted for. Options imply a 3.2% move in either direction, the smallest since the fourth-quarter report before last. Estimates for next year's capex vary widely: Wedbush near $250 billion, Evercore ISI $210 billion, Bank of America $205 billion and Dan Ives around $194 billion. Most analysts say that spending is acceptable if Meta provides a Muse roadmap and confidence it can monetize it, and the stock is up about seven and a half percent year to date.
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.