Forex markets open cautiously on October 5 2026

Monday, October 5, 2026, started with typical low market liquidity in the forex space, a common occurrence as more Asian trading centers come online. Early indications showed minimal changes from late Friday's prices, with major currency pairs trading within narrow ranges. The EUR/USD pair opened at 1.1257, while the USD/JPY stood at 157.73. The GBP/USD was marked at 1.3241, and the USD/CHF at 0.8289. The USD/CAD pair was trading at 1.4256.

The Australian dollar (AUD/USD) opened at 0.6957, despite a partial holiday in Australia, with the Australian Securities Exchange operating as usual. The New Zealand dollar (NZD/USD) was quoted at 0.5620, with a note from the reporter about a near-typo, highlighting the need for more coffee.

Traders were cautioned about potential price swings due to thin liquidity, emphasizing the need for careful trading during this period. The article also included references to other market movements, such as gold prices sliding below $4,230 and the impact of US-Iran negotiations on oil prices.