Forex Focus — Oct 8, 2026, 09:00 UTC

Transcript

Crude Oil surged a robust 3.92% today, hitting $91.74 a barrel. The Dollar Index strengthened as EUR/USD fell 47 pips to 1.1199. This move confirms dollar strength. The primary driver is a hawkish Federal Reserve. News reports confirm the Fed raised rates for the first time in years. Meeting minutes also signal further rate hikes. This provides a strong carry advantage for the dollar. Regarding central banks, the Fed remains clearly hawkish. The ECB's stance is less aggressive, impacting EUR/USD negatively. The Bank of Japan offered no new policy insights. Turning to exotics, while specific pairs didn't show unusual volatility today, the New Zealand Central Bank's leadership overhaul signals potential policy shifts. This could introduce future volatility for NZD crosses. For tomorrow, watch EUR/USD. Key resistance sits at 1.1200. Support is firm at 1.1150. A break below 1.1150 could target 1.1100. This has been "Forex Focus" on rawfin.tv.