GBP/USD extends its losses for the second successive day, trading around 1.3140 during the Asian hours on Wednesday. The pair depreciates as the Pound Sterling (GBP) struggles amid growing expectations that the Bank of England (BoE) will cut interest rates in December. Analysts at Morgan Stanley, Citigroup, and UBS Global Research have shifted their stance and expect […]
Forex
Forex
Forex
12
Nov
Nov
USD/CAD holds gains above 1.4000 as US government shutdown nears end
USD/CAD edges higher after three days of losses, trading around 1.4010 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) gains support from the ongoing process to reopen the United States (US) government. Traders will likely observe the upcoming speeches from Federal Reserve (Fed) officials, including Christopher Waller, Raphael Bostic, and Stephen […]
12
Nov
Nov
Australian Dollar extends losses despite cautious RBA tone
The Australian Dollar (AUD) weakens against the US Dollar (USD) on Wednesday, extending its losses for the second successive session. The AUD/USD pair declines as the US Dollar (USD) gains support from the ongoing process to reopen the United States (US) government. The AUD may regain support from cautious sentiment surrounding the Reserve Bank of Australia (RBA) […]
12
Nov
Nov
Japanese Yen remains depressed amid BoJ rate hike caution, risk-on impulse
The Japanese Yen (JPY) attracts fresh sellers following the previous day’s two-way directionless price moved and drifts back closer to the lowest level since February 13, touched against its American counterpart the previous day. The Bank of Japan (BoJ) has been reluctant to commit to further interest rate hikes on the back of Japan’s Prime […]
12
Nov
Nov
EUR/USD remains near 1.1600 as ECB holds steady, Fed easing eyed
EUR/USD remains steady after five days of gains, trading around 1.1580 during the Asian hours on Wednesday. The pair may continue its winning streak as the Euro (EUR) could further gain amid a cautious tone surrounding the European Central Bank (ECB) policy outlook. The ECB is expected to keep interest rates unchanged for now, backed by steady economic performance and inflation […]
11
Nov
Nov
South Korean Won Slips on Continued Capital Outflows
The South Korean won slipped to around 1,464 per dollar on Tuesday, falling to its lowest level in seven months as sentiment was weighed down by concerns over ongoing capital outflows and BOK caution. Foreign investors have been pulling funds from Korean equities, while domestic investors are channeling large-scale investments into the US as part […]
11
Nov
Nov
Pound Falls as Weak Labor Data Fuels BoE Cut Bets
The British pound weakened to $1.31 after weaker-than-expected labor market data strengthened expectations of a Bank of England interest rate cut next month. Regular pay growth slowed to 4.6% in the third quarter, the weakest since February–April 2022, while total pay, including bonuses, rose 4.8%, slightly below forecasts of 4.9%. Meanwhile, the unemployment rate climbed […]
11
Nov
Nov
Yen Approaches 9-Month Low
The Japanese yen depreciated toward 154.5 per dollar on Tuesday, nearing nine-month lows as optimism over a potential US government reopening reduced safe-haven demand. Japan’s economic revitalization minister, Minoru Kiuchi, warned that the weaker yen could push up consumer prices through higher import costs, calling for close monitoring. A draft of Prime Minister Sanae Takaichi’s […]
11
Nov
Nov
Kiwi Dollar Hovers Close to 7-Month Low
The New Zealand dollar traded around $0.564, near its lowest level since early April, as a subdued inflation outlook added to expectations of further monetary easing. Business inflation expectations showed two-year projections, the key policy horizon, unchanged at 2.28%, while one-year expectations edged up slightly to 2.39%, within the RBNZ’s 1%–3% target range, suggesting price […]
11
Nov
Nov
Indian Rupee Stays Sideways
The Indian rupee was little changed around 88.7 per USD, trading in a sideways range, as upbeat comments from US President Trump on a potential India-US trade deal offered limited support. Trump said the US is close to a deal that would deepen economic and security ties and eventually lower tariffs on Indian goods. However, […]
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