Monday, October 26, 2026

Business News

Major currencies trade in narrow ranges ahead of central bank decisions

Major currencies traded in narrow ranges on Monday as investors awaited interest rate decisions from five major central banks this week, while falling oil prices and US Treasury yields shaped market sentiment.

ONA

info@thearabianstories.com

Monday, October 26, 2026

LONDON: Brent crude futures fell about 2 percent to $114.50 a barrel, retreating after reaching a six-month high last week amid signs of efforts to ease regional tensions.

Yields on 10-year US Treasury bonds declined to 4.967 percent, while 30-year bond yields stood at 5.299 percent.

The euro rose 0.15 percent to $1.1218, while the British pound gained 0.1 percent to $1.3379. The dollar index held steady at 101.65.

Elsewhere, the Australian dollar was unchanged at $0.7031, while the New Zealand dollar edged up 0.05 percent to $0.5701. The Japanese yen also held steady at 156.92 against the US dollar.

Markets are focused on interest rate decisions from five major central banks this week. The US Federal Reserve, European Central Bank and Bank of Japan are expected to keep rates unchanged, while the central banks of New Zealand and Canada are expected to raise rates.

In cryptocurrency markets, Bitcoin fell 0.3 percent to $80,134.29, while Ether declined 0.9 percent to $2,323.34.

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