EUR/USD is trading practically flat on Friday, changing hands at 1.1570 at the time of writing, unable to take a significant distance from te two-month lows in the area of 1.1540, The pair remains on its back foot with teh USD drawing support from the dismal market moopd and dwindling hopes thst the Federal Reserve (Fed) […]
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31
Oct
Oct
When is the Eurozone Prelim HICP inflation and how could it affect EUR/USD?
The Eurozone Prelim HICP Overview Eurostat will publish the preliminary Eurozone Harmonized Index of Consumer Prices (HICP) data for October later on Friday at 10:00 GMT. Eurozone flash HICP inflation is expected to ease to 2.1% year-over-year (YoY) in October, from 2.2% in September. Meanwhile, the annual core inflation is also anticipated to edge down […]
31
Oct
Oct
Pound Sterling struggles as UK productivity downgrade prompts tax raise risks
The Pound Sterling (GBP) stays under pressure against its major peers on Friday. The British currency has underperformed this week as investors worry that United Kingdom (UK) Chancellor of the Exchequer Rachel Reeves might face backlash in the upcoming budget later in November due to escalating fiscal risks. Lately, the UK Office for Budget Responsibility (OBR) has […]
31
Oct
Oct
Offshore Yuan Holds Decline
The offshore yuan held its decline around 7.11 per dollar on Friday as investors weighed disappointing PMI data and the outcomes from the recent Trump-Xi meeting. China’s manufacturing PMI fell to a six-month low of 49 in October 2025, signaling continued weakness in the industrial sector and fueling expectations of further stimulus to support domestic […]
31
Oct
Oct
GBP/USD treads water above 1.3150 as Fed rate cuts climb
GBP/USD inches higher after three days of losses, trading around 1.3160 during the Asian hours on Friday. The pair holds ground as the US Dollar (USD) struggles amid improving Federal Reserve (Fed) rate cut bets. According to the CME FedWatch Tool, markets are now pricing in 71% probability of a Fed rate cut in December, […]
31
Oct
Oct
NZD/USD languishes near one-week low, around 0.5735 after China’s PMI data
The NZD/USD pair trades with a negative bias for the third straight day on Friday and remains close to a one-week low, around the 0.5725 region, touched the previous day. Spot prices move little following the release of rather unimpressive China’s official PMIs and seem poised to register weekly losses amid the short-term bullish sentiment […]
31
Oct
Oct
USD/INR moves higher due to US-China trade optimism, receding Fed dovish bets
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 […]
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 […]
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