News
Important Only
GBP/USD edges lower to near 1.3100 on potential for further BoE rate cuts
GBP/USD edges lower around 1.3120 during Asian hours on Friday, after rising 1% over the past two sessions. The pair depreciates as the Pound Sterling (GBP) weakens following the Bank of England’s (BoE) dovish hold in November.
Fxstreet
Fri, Nov 7
NZD/USD drifts lower below 0.5650 as China’s Trade Surplus narrows in October
The NZD/USD pair attracts some sellers near 0.5620 during the Asian trading hours on Friday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) after a narrowing of China’s trade surplus in October and a weak New Zealand jobs report.
Fxstreet
Fri, Nov 7
Australian Dollar inches lower ahead of China’s Trade Balance data
Australian Dollar (AUD) declines against the US Dollar (USD) on Friday, extending its losses for the second successive session. The AUD/USD pair remains weaker ahead of China’s Trade Balance data due later in the day.
Fxstreet
Fri, Nov 7
Fed’s Hammack: It will take two to three years to get inflation back to 2%
Federal Reserve (Fed) Bank of Cleveland President Beth Hammack spoke at the Economic Club of New York on Thursday. She said that the federal policy should remain modestly restrictive to lower inflation, and that it will take two to three years to return inflation to 2%.Fxstreet
Fri, Nov 7
US weekly jobless claims increase moderately, Haver Analytics estimates
Weekly jobless claims estimated to have increased to 229,140Claims data shows no sign yet of surge in layoffs reported by businessesMore people remaining on unemployment rolls as hiring slowsBy Lucia Mutikani WASHINGTON, Nov 6 (Reuters) - The number of Americans filing new applications for unempl...Reuters
Fri, Nov 7
