US crude stockpiles fall 1.9M barrels, more than expected
US crude oil inventories dropped 1.9 million barrels last week, a bigger draw than the 0.3 million barrel fall expected, though smaller than the prior week's 3.06 million barrel decline.
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Category Reaction notes
Bank of Canada hikes to 2.50%, its first rise since 2023; CAD steady
The Bank of Canada lifted its overnight rate to 2.50% from 2.25%, matching market expectations. The Canadian dollar and other major pairs showed only modest moves in the 30 minutes that followed.
UK Budget cuts fiscal headroom to £15B; sterling barely moves
The UK Annual Budget was scheduled for release at 12:30 GMT on 28 October 2026, but the figures were not available. Currency, gold and index futures showed little movement in the following 30 minutes.
RBNZ holds rate at 2.75%, below 3.00% forecast
The Reserve Bank of New Zealand kept its benchmark interest rate at 2.75% on Wednesday, defying expectations for a rise to 3.00% and leaving it unchanged from the prior reading.
Australia CPI rises to 4.3% y/y, above the 4.2% forecast
Australian inflation data released at 00:30 GMT came in slightly above expectations, with the Australian dollar edging higher in the 30 minutes that followed.
US consumer confidence jumps to 91.7 as new home sales beat forecasts
US new home sales came in at 676K in September, above the 651K consensus but below August's 684K. Currency, gold and stock index futures showed modest moves in the 30 minutes that followed.
US durable goods orders rise 1.8% in September, below 2.0% forecast
US durable goods orders rose 1.8% in September, just short of the 2.0% consensus but well above the prior month's flat reading, with little reaction across major markets.
Japan’s BoJ core CPI rises to 2.5%, up from 2.3%
The Bank of Japan's core inflation gauge rose to 2.5% year-on-year, up from 2.3% prior, with no consensus figure given. Currency and futures markets showed only small moves in the 30 minutes that followed.
UK inflation rises to 3.5% in September, above 3.4% forecast
UK consumer price inflation came in at 3.5% year-on-year, above the 3.4% consensus and up from 3.1% the previous month. Currency, gold and equity index futures showed limited movement in the 30 minutes that followed.
US jobless claims fall to 194K, below the 200K forecast
Weekly US unemployment claims came in at 194,000, under the 200,000 consensus and down from 199,000 the prior week. EUR/USD and S&P 500 futures showed little reaction in the 30 minutes after the release.