Forex Focus — Oct 9, 2026, 09:00 UTC

Transcript

EUR/USD edged up 8 pips to 1.1208 today. The Dollar Index softened slightly. Fed meeting minutes signaled further rate hikes. Yet, market expectations for *timing* softened. This created a nuanced dollar dynamic. EUR/USD found a modest tailwind. The pair is testing minor resistance at 1.1215. The trend remains range-bound. We see significant resistance at 1.1250. Support holds at 1.1180. Meanwhile, USD/TRY exhibited unusual volatility. Geopolitical tensions, as highlighted by India's IT sector outlook, fueled EM currency concerns. Carry trade unwinds added further pressure. The Federal Reserve's hawkish stance from its recent minutes, confirming a rate hike, contrasts sharply with the ECB and BOJ's patient approach. This policy divergence remains a key driver. Tomorrow, traders eye EUR/USD resistance at 1.1250. Support is firm at 1.1180. Stay tuned to rawfin.tv for more.