The Australian Dollar (AUD) advances against the US Dollar (USD) on Wednesday following the release of Australia’s Consumer Price Index (CPI) data. Additionally, the AUD/USD pair receives support from decreasing bets on rate cuts by the Reserve Bank of Australia (RBA). Australia’s Consumer Price Index rose 1.3% quarter-over-quarter (QoQ) in the third quarter (Q3), compared […]
Forex
Forex
Forex
29
Oct
Oct
GBP/USD falls to near 1.3250 due to increased BoE rate cut bets, Fed policy awaited
GBP/USD loses ground for the second successive session, trading around 1.3250 during the Asian hours on Wednesday. The pair weakens as the Pound Sterling (GBP) declines following data from the British Retail Consortium (BRC) showing UK food prices falling at the fastest pace in nearly five years, strengthening expectations of upcoming Bank of England (BoE) […]
29
Oct
Oct
USD/CAD holds losses below 1.3950 ahead of policy decisions from Fed, BoC
USD/CAD extends its losses for the third successive day, trading around 1.3940 during the Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) remains subdued ahead of the US Federal Reserve (Fed) policy decision due later in the day. The Fed is widely expected to lower interest rates by another quarter point, bringing the benchmark rate to […]
29
Oct
Oct
AUD/JPY gathers strength above 100.00 on hot Australian CPI inflation data
The AUD/JPY cross trades in positive territory near 100.30 during the Asian trading hours on Wednesday. The Australian Dollar (AUD) strengthens against the Japanese Yen (JPY) on the hotter-than-expected Australian inflation data. The Bank of Japan (BoJ) interest rate decision will take center stage later on Thursday. Data released by the Australian Bureau of Statistics […]
29
Oct
Oct
Japanese Yen retreats from one-week high against USD; focus remains on Fed/BoJ decisios
The Japanese Yen (JPY) attracts strong follow-through buyers for the second straight day and climbs to a one-week high against a softer US Dollar (USD) during the Asian session on Wednesday. Comments from Japan’s Economics Minister Minoru Kiuchi on Tuesday fueled speculations about a possible government intervention to stem further JPY weakness. Moreover, the outcome […]
28
Oct
Oct
AUD/JPY Price Forecast: Crucial upside barrier emerges near 100.00
The AUD/JPY cross slumps to around 99.55 during the early European session on Tuesday. The Japanese Yen (JPY) edges higher against the Australian Dollar (AUD) after US President Donald Trump and Japan’s Prime Minister Sanae Takaichi on Tuesday signed a framework for securing the supply of critical minerals and rare earths. The Australian Consumer Price […]
28
Oct
Oct
USD/INR rises further despite US Dollar underperforms
The Indian Rupee (INR) extends its downside against the US Dollar (USD) at open on Tuesday. The USD/INR jumps to near 88.60 as the Indian Rupee underperforms due to a recovery move in the Oil price seen in the past week. On the New York Mercantile Exchange (NYMEX), West Texas Intermediate (WTI) Crude Oil holds onto weekly […]
28
Oct
Oct
GBP/JPY slides below 203.00 as JPY gains strong traction on intervention speculation
The GBP/JPY cross attracts some selling during the Asian session on Tuesday and for now, seems to have snapped a three-day winning streak to the 204.25 region, or a nearly three-week high touched the previous day. Spot prices slide below the 203.00 mark in the last hour and seem vulnerable amid a goodish pickup in […]
28
Oct
Oct
GBP/USD gathers strength above 1.3350 on Fed rate cut hopes
The GBP/USD pair gains ground to near 1.3365 during the early European session on Tuesday. The US Dollar (USD) weakens against the Pound Sterling (GBP) amid the expectation that the Federal Reserve (Fed) will cut interest rates in the monetary policy announcement on Wednesday. The recent softer-than-expected US Consumer Price Index (CPI) inflation data released on Friday has […]
28
Oct
Oct
EUR/USD extends winning streak as US Dollar falls further ahead of Fed’s monetary policy
The EUR/USD extends its winning streak for the fifth trading day on Tuesday. The major currency pair posts a fresh weekly high near 1.1670 as the US Dollar (USD) underperforms its peers ahead of the monetary policy announcement by the Federal Reserve (Fed) on Wednesday. US Dollar Price Today The table below shows the percentage change of US Dollar […]
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