The Japanese Yen (JPY) attracts some intraday sellers on Thursday after the Bank of Japan (BoJ) decided to maintain the status quo, though it lacks follow-through. Traders seem reluctant to place aggressive bets and opt to wait for more cues about a rate hike in December or early next year amid expectations that Japan’s new […]
Forex
Forex
Forex
30
Oct
Oct
EUR/USD rises to near 1.1630 as US Dollar corrects after Trump-Xi meeting
The EUR/USD pair trades 0.25% higher to near 1.1630 during the late Asian trading session on Thursday. The major currency pair attracts bids as the US Dollar (USD) corrects after United States (US) President Donald Trump and Chinese leader Xi Jinping concluded the meeting without signing a trade deal. During the press time, the US […]
30
Oct
Oct
Australian Dollar holds gains following Trump-Xi meeting
AUD/USD gains ground after recovering its recent losses registered in the previous session, trading around 0.6590 during the Asian hours on Thursday. The Australian Dollar (AUD) holds ground against the US Dollar (USD) following the highly anticipated meeting between US President Donald Trump and China’s President Xi Jinping in South Korea. Any shift in China’s economic […]
30
Oct
Oct
USD/INR gains at open despite US Dollar faces pressure
The Indian Rupee (INR) opens close to Wednesday’s low around 88.60 against the US Dollar (USD) on Thursday. The USD/INR pair holds onto the previous day’s gains even as the US Dollar trades lower At the time of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades lower to near […]
30
Oct
Oct
Won Rises on Seoul–Washington Tariff Deal
The South Korean won appreciated to around 1,421 per dollar on Thursday, its highest level in two weeks, supported by growing market optimism following the finalization of the Seoul–Washington tariff deal. According to Kim Yong-beom, the presidential chief of staff for policy, the investment package will include $200 billion in cash installments and $150 billion […]
30
Oct
Oct
Yuan Holds Near 1-Year High on Trump-Xi Meeting
The offshore yuan traded around 7.09 per dollar on Thursday, holding near a one-year high as market sentiment remained upbeat on the back of the meeting between Presidents Donald Trump and Xi Jinping. The encounter marked the first between the two leaders since Trump’s return to office in January, with the pair exchanging handshakes on […]
29
Oct
Oct
EUR/USD slides as Fed delivers rate cut, signals end of QT
EUR/USD seesawed within the 1.1650-1.1635 range on Wednesday as the Federal Reserve (Fed) cut rates by 25 basis points, as expected, yet there were two dissenters at the meeting. At the time of writing, the pair trades volatile, as traders await the Fed Chair Jerome Powell’s press conference. Dollar swings as traders await Powell’s tone for clues on future […]
29
Oct
Oct
USD/CNH: Continued decline below 7.0860 is unlikely – UOB Group
US Dollar (USD) could test 7.0860; a continued decline below this level is unlikely. The next support at 7.0700 is also unlikely to come under threat. In the longer run, the price action suggests USD could drop below 7.0860; the next level to watch is 7.0770, UOB Group’s FX analysts Quek Ser Leang and Peter […]
29
Oct
Oct
EUR/JPY returns above 177.00, Yen eases ahead of the BoJ’s decision
The Euro reversal from Monday’s highs at 178.23 against the Japanese Yen has been halted at the 176.65 area on Wednesday’s Early European session, and the pair bounced back to levels above 177.30 at the time of writing, which keeps the pair’s broader bullish trend intact. The Yen is trimming previous gains on Wednesday, with most […]
29
Oct
Oct
EUR/USD fluctuates within previous ranges with all eyes on the Fed
EUR/USD retreats on Wednesday to snap a five-day rally, trading at 1.1640 at the time of writing, yet with downside attempts limited above the 1.1615 area. A somewhat firmer US Dollar, ahead of the Federal Reserve’s monetary policy decision due later today, is weighing on the pair. However, the positive risk sentiment policy is keeping Greenback […]
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