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21
Nov

Japanese Yen sticks to recovery gains as Japan’s cabinet approves stimulus package

The Japanese Yen (JPY) sticks to modest intraday recovery gains against its American counterpart through the Asian session on Friday, though any meaningful appreciation seems elusive. Comments from Japan’s Finance Minister Satsuki Katayama fueled speculations that authorities would step in to stem further JPY weakness. Apart from this, a generally weaker tone around the equity […]

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20
Nov

Swiss Franc Holds firm

The Swiss franc traded slightly above 0.80 per USD, but remained close to 2021-highs, supported by expectations of no imminent cuts by the Swiss National Bank (SNB). Market participants still place their bets on the SNB keeping its policy rate at 0% in December amid forecasts of rising inflation. The franc also benefits from a […]

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20
Nov

EUR/USD slides further to near 1.1500 ahead of US NFP data

The EUR/USD pair extends its losing streak for the fifth trading day on Thursday. The major currency pair slides to near an almost two-week low around 1.1500 during the European trading session. The weakness in the pair is mainly contributed by the strength in the US Dollar (USD), which outperforms its peers amid receding expectations […]

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20
Nov

GBP/JPY reaches fresh 16-month highs above 205.50

GBP/JPY extends its winning streak for the fourth consecutive session, reaching 205.52, the highest since July 2024, during the Asian hours on Thursday. The currency cross gains ground as the Japanese Yen (JPY) declines on the potential for Japan’s Prime Minister Sanae Takaichi to unveil a stimulus package exceeding JPY 20 trillion. Members of the […]

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20
Nov

USD/CAD flat lines above 1.4050, all eyes on US NFP data

The USD/CAD pair holds steady near 1.4060 during the early European session on Thursday. Traders brace for the upcoming US Nonfarm Payrolls (NFP) data to provide clues about the potential for an interest-rate cut next month. Meanwhile, lower crude oil prices could weigh on the commodity-linked Canadian Dollar (CAD) against the Greenback.  The US Bureau of Labor Statistics (BLS) […]

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20
Nov

Offshore Yuan Steady After PBOC Decision

The offshore yuan steadied around 7.11 per dollar on Thursday, as China signaled reduced urgency for further monetary policy easing amid persistent domestic and external headwinds. The one-year Loan Prime Rate, the benchmark for most corporate and household lending, was kept unchanged at 3%, while the five-year LPR, which serves as the key reference for […]

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19
Nov

EUR/USD hovers near weekly lows in risk-averse markets

EUR/USD shows marginal gains, trading at 1.1590 at the time of writing on Wednesday after bouncing from the previous day’s lows at 1.1570. Still, the pair remains trapped within previous ranges, with the 1.1600 level capping bulls. The risk-averse sentiment, as global equity markets are selling off, is limiting the US Dollar’s (USD) downside attempts. US […]

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19
Nov

EUR/USD stays silent below 1.1600 as Fed rate cut bets recede

EUR/USD moves little after three days of losses, trading around 1.1580 during the Asian hours on Wednesday. The pair may further lose ground as the US Dollar (USD) gains amid declining US Federal Reserve (Fed) rate cut bets for December. The highly anticipated September Nonfarm Payrolls data are scheduled to be released on Thursday. The CME FedWatch […]

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19
Nov

GBP/USD loses ground below 1.3150 ahead of UK CPI data

GBP/USD remains subdued for the fourth consecutive session, trading around 1.3130 during the Asian hours on Wednesday. Traders await the United Kingdom (UK) Consumer Price Index (CPI), PPI Core Output, and Retail Price Index data for October due later in the day. Any moderation in UK price pressures, combined with a softening labor market and […]

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19
Nov

NZD/USD tumbles below 0.5650 on RBNZ rate cut bets

The NZD/USD pair remains on the defensive near 0.5630 during the early European session on Wednesday. Expectations of an imminent interest rate cut from the Reserve Bank of New Zealand (RBNZ) exert some selling pressure on the New Zealand Dollar (NZD) against the Greenback. The FOMC Minutes will be in the spotlight later on Wednesday.  New Zealand’s Unemployment […]

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