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Canadian Dollar softens despite BoC rate hike expectations
The USD/CAD pair trades with mild gains near 1.4010 during the early European trading hours on Monday. A decline in crude oil prices weighs on the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD).
Lallalit Srijandorn
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October 26, 2026
Forex Today: Mood improves slightly to begin critical central bank week
Here is what you need to know on Monday, October 26:
British Pound: Upside scope toward 1.3440 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann keep a constructive stance on GBP/USD, noting recent price action remains range-bound but within an overall positive bias.
Euro: Rising inflation risks threaten resilience - Commerzbank
Commerzbank’s Thu Lan Nguyen notes that EUR/USD has remained relatively stable as both the Euro and US Dollar have weakened broadly against other currencies.
GBP/USD Price Forecast: Needs decisive break above 1.3420 for fresh upside leg
The British Pound (GBP) gives back its early gains and flattens at around 1.3373 against the US Dollar (USD) during the European trading session on Monday. The GBP/USD pair flattens as the US Dollar recovers some of its early losses.
Indian Rupee trades cautiously at start of the week
The Indian Rupee (INR) holds on to Friday’s losses against the US Dollar (USD) at the start of the week. The USD/INR pair ticks up to near 95.00 as the Indian currency faces pressure due to elevated oil prices.
EUR/USD Price Forecast: Holds gains above 1.1200 yet retains bearish tone below 100-day SMA
The EUR/USD pair holds positive ground near 1.1220 during the early European trading hours on Monday. The US Dollar (USD) softens against the Euro (EUR) as US Treasury bond yields drop in extended rally.
Australian Dollar bulls seem hesitant below one-month top before Aussie CPI, FOMC meeting
The AUD/USD pair retreats slightly from a one-month high, touched earlier this Monday, though it lacks follow-through and holds above the 0.7000 psychological mark through the Asian session.
US Dollar Index falls to near 101.50 amid Fed rate pause odds, easing safe-haven demand
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground after registering gains in the previous day and trading near 101.70 during Asian hours on Monday.
Indonesian Rupiah weakens amid fiscal, BI trade-off concerns
USD/IDR gains ground for the fourth successive day, trading around 18,150 during Asian hours on Monday. The pair appreciates as the Indonesian Rupiah (IDR) faces challenges due to fiscal concerns that persist amid higher oil prices, given Indonesia’s status as a net oil importer.