USD/CHF trades higher around 0.8000 on Thursday, up 0.20% for the day. The US Dollar (USD) finds support after the Federal Reserve (Fed) delivered a widely expected 25 basis-point rate cut to a range of 3.75%–4.00%, while signaling a slower pace of future easing. Fed Chair Jerome Powell emphasized that a further rate reduction in December is […]
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Oct
Oct
Pound Sterling remains fragile against US Dollar on improving US-China trade relations
The Pound Sterling (GBP) ticks down to near 1.3185 against the US Dollar (USD) during the European trading session on Thursday. The GBP/USD pair faces pressure as the US Dollar has recovered its early losses, following comments from United States (US) President Donald Trump and China’s commerce ministry after the meeting between Trump and Chinese leader Xi […]
30
Oct
Oct
EUR/USD holds mild gains following upbeat Eurozone’s macroeconomic data
EUR/USD is going through a mild recovery on Thursday, trading around 1.1625 at the time of writing, after hitting lows at 1.1580 on Wednesday. A moderate risk appetite on news of a Sino-US trade deal and better-than-expected Eurozone Gross Domestic Product (GDP) is buoying the Euro (EUR) ahead of the European Central Bank’s (ECB) monetary policy decision. Eurozone’s […]
30
Oct
Oct
USD/CAD picks up to 1.3950 amid a firmer US Dollar
The US Dollar is regaining lost ground against the Loonie, amid broader Greenback strength as markets ponder the scope of the Sino-US trade deal. The pair bounced from one-month lows near 1.3880 on Wednesday and is extending gains to test Wednesday’s high, at 1.3954, which, so far, keeps holding bulls. US President Donald Trump and […]
30
Oct
Oct
Japanese Yen remains on the back foot
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 […]
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 […]
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