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FX markets — week of 26 to 30 October 2026

General information, based on public sources. This is not investment advice. Read the risk warning.

The Canadian dollar ends top of the eight major currencies, +0.49 per cent, after the BoC's first rate hike, to 2.50 per cent. Sterling follows at +0.42 and the Swiss franc at +0.29, helped by the fall in technology stocks. The New Zealand dollar is last at −1.16 per cent: the RBNZ held its rate at 2.75 per cent when markets expected a hike.

The Fed, the ECB and the BoJ held rates. In the United States, third-quarter growth comes in at 3.4 per cent annualised and core PCE inflation at 3.1 per cent year on year; the probability of a Fed hike in December falls to 68.6 per cent. In the euro area, quarterly growth reaches 0.4 per cent, but France contracts by 0.1 and Fitch put its A+ rating on negative outlook.

European gas gains 10.60 per cent, gold falls 3.00 per cent below 4,000 dollars and the Nasdaq 100 lost 2.34 per cent on Friday. Next week: RBA on 3 November, the US midterm election the same day, euro-area inflation on the 4th, the BoE on the 5th and US jobs on the 6th.

Every release, in your own time zone, is in the economic calendar.