The Indian Rupee (INR) trades lower against the US Dollar (USD) after a flat opening on Friday. The USD/INR pair rises to near 88.85 as the US Dollar (USD) trades broadly firm due to receding Federal Reserve (Fed) dovish bets, and improving trade relations between the United States (US) and China. At the press time, the US […]
Forex
Forex
Forex
31
Oct
Oct
EUR/JPY holds steady above 178.00, remains close to record high touched on Thursday
The EUR/JPY cross attracts some dip-buyers near the 177.85 area during the Asian session on Friday, and for now, it seems to have stalled its modest pullback from the all-time peak, touched the previous day. Spot prices currently trade around 178.15 region, nearly unchanged for the day, and remain on track to register strong monthly […]
31
Oct
Oct
USD/CAD maintains position near 1.4000 as expectations for further Fed rate cuts diminish
USD/CAD remains steady after registering gains in the previous session, trading around 1.3980 during the Asian hours on Friday. The pair appreciated as the US Dollar (USD) received support after Federal Reserve (Fed) Chair Jerome Powell’s comments lowered expectations for further interest rate cuts. The US Fed delivered a 25-basis-point rate cut on Wednesday, lowering its benchmark rate […]
31
Oct
Oct
Japanese Yen sticks to stronger Tokyo CPI-inspired gains; lacks follow-through buying
The Japanese Yen (JPY) strengthens during the Asian session after data released this Friday showed that inflation in Tokyo rose at a faster pace and backed the case for an imminent rate hike by the Bank of Japan (BoJ). This, along with reviving safe-haven demand, assists the JPY in recovering a part of the previous […]
31
Oct
Oct
Australian Dollar loses ground after mixed China’s NBS PMI data release
AUD/USD remains subdued for the third successive session, trading around 0.6550 during the Asian hours on Friday. The pair moves little following the release of China’s NBS Purchasing Managers’ Index (PMI) data. It is important to note that any shift in China’s economic conditions could also affect the Australian dollar (AUD), given the close trade ties […]
30
Oct
Oct
USD/CHF gains as Fed signals slower easing, US-China trade relations improve
USD/CHF trades higher around 0.8000 on Thursday, up 0.20% for the day. The US Dollar (USD) finds support after the Federal Reserve (Fed) delivered a widely expected 25 basis-point rate cut to a range of 3.75%–4.00%, while signaling a slower pace of future easing. Fed Chair Jerome Powell emphasized that a further rate reduction in December is […]
30
Oct
Oct
Pound Sterling remains fragile against US Dollar on improving US-China trade relations
The Pound Sterling (GBP) ticks down to near 1.3185 against the US Dollar (USD) during the European trading session on Thursday. The GBP/USD pair faces pressure as the US Dollar has recovered its early losses, following comments from United States (US) President Donald Trump and China’s commerce ministry after the meeting between Trump and Chinese leader Xi […]
30
Oct
Oct
EUR/USD holds mild gains following upbeat Eurozone’s macroeconomic data
EUR/USD is going through a mild recovery on Thursday, trading around 1.1625 at the time of writing, after hitting lows at 1.1580 on Wednesday. A moderate risk appetite on news of a Sino-US trade deal and better-than-expected Eurozone Gross Domestic Product (GDP) is buoying the Euro (EUR) ahead of the European Central Bank’s (ECB) monetary policy decision. Eurozone’s […]
30
Oct
Oct
USD/CAD picks up to 1.3950 amid a firmer US Dollar
The US Dollar is regaining lost ground against the Loonie, amid broader Greenback strength as markets ponder the scope of the Sino-US trade deal. The pair bounced from one-month lows near 1.3880 on Wednesday and is extending gains to test Wednesday’s high, at 1.3954, which, so far, keeps holding bulls. US President Donald Trump and […]
30
Oct
Oct
EUR/JPY surges above 177.50 following BoJ interest rate decision, ECB policy eyed
EUR/JPY gains ground after two days of losses, trading around 177.50 during the Asian hours on Thursday. The currency cross receives support as the Japanese Yen (JPY) faces challenges after the Bank of Japan (BoJ) decided to keep the short-term interest rate target unchanged in the range of 0.4%- 0.5% in October. The BoJ decision came in […]
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