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Australian Dollar crumbles as job losses shatter RBA rate hike hopes
The Aussie Dollar collapsed against the US Dollar, and most G7 currencies after a dismal jobs report in Australia cemented the case that the Reserve Bank of Australia (RBA) will not hike rates this year or in 2027, with money markets pricing in no rate hikes.
Fxstreet
Thu, Oct 15
Euro recovers from its 17-month low as the Dollar weakens
The Euro's rebound from its 17-month low came from the Dollar side, because the euro area's own news on Thursday was bad. EUR/USD climbed to just short of 1.1250, its highest since October 9, and hasn't been back there since, dipping just under 1.1200 on the US releases and recovering above it.
Fxstreet
Thu, Oct 15
New Zealand Dollar rebounds toward 0.5600 as RBNZ signals further rate hikes
NZD/USD trades around 0.5600 on Thursday at the time of writing, gaining 0.18% on the day. The New Zealand Dollar (NZD) benefits from a weaker US Dollar (USD), as falling US Treasury yields and hawkish comments from the Reserve Bank of New Zealand (RBNZ) support the currency.
Fxstreet
Thu, Oct 15
British Pound surges as hot US PPI fails to revive Fed hike bets
The Pound Sterling registers solid gains against the US Dollar, even though the latest US inflation data, instead of fueling speculation for a Fed hike in October, is nearly cementing the case for December. The GBP/USD trades at 1.3267, up 0.56%, after reaching a low of 1.3184.Fxstreet
Thu, Oct 15
Japanese Yen holds firm despite hotter-than-expected US producer inflation
USD/JPY extends its decline on Thursday, trading around 157.85 at the time of writing, down 0.30% on the day. The pair falls to its lowest level in a week, pressured by a stronger Japanese Yen (JPY) and declining US Treasury yields.Fxstreet
Thu, Oct 15
Euro rebounds as falling US yields outweigh hotter-than-expected PPI
EUR/USD trades on the front foot on Thursday as falling US Treasury yields weigh on the US Dollar (USD). However, the Euro’s (EUR) upside appears limited as stronger-than-expected US economic data reinforce hawkish Federal Reserve (Fed) expectations.Fxstreet
Thu, Oct 15
British Pound holds firm as stronger UK economic data outweigh hawkish BoJ remarks
GBP/JPY edges higher on Thursday as the British Pound (GBP) outperforms most of its major peers following stronger-than-expected UK economic data, while traders also assess central bank signals. At the time of writing, the cross trades around 209.36, up 0.23% on the day.
Fxstreet
Thu, Oct 15
AUD/USD Price Forecast: Faces selling pressure due to weak Australian employment data
The Australian Dollar (AUD) underperforms its major currency peers on Thursday as weak employment data for September has clouded expectations of an interest rate hike by the Reserve Bank of Australia (RBA) this year.Fxstreet
Thu, Oct 15
GBP/USD Price Forecast: Pound pares losses and nears range top at 1.3300
The British Pound (GBP) retraces Wednesday’s losses against the US Dollar (USD) on Thursday, as upbeat UK macroeconomic data has offset the negative impact of Bank of England’s (BoE) Chief Economist Huw Pill's comments.Fxstreet
Thu, Oct 15
1.4195: Canadian Dollar tests range top amid lower US Yields, dovish Fedspeak
The Canadian Dollar (CAD) has shown a sharp recovery against the US Dollar (USD) over the last few sessions, with the USD losing momentum, weighed by lower US Treasury yields and dovish comments by Federal Reserve (Fed) officials.Fxstreet
Thu, Oct 15
Eurozone Industrial Production unexpectedly declines 0.5% MoM in August
The Eurozone industrial sector activity declines at a faster pace of 0.5% in August, according to data published by Eurostat. The industrial output was expected to remain flat after contracting 0.3% in July, revised lower from -0.1%.Fxstreet
Thu, Oct 15
USD/JPY Price Forecasts: Bullish momentum fades after rejection at 159.00
The US Dollar (USD) trades lower against the Japanese Yen (JPY) on Thursday as US Treasury yields extend their reversal from multi-decade highs after the Federal Reserve (Fed) cooled hopes of back-to-back interest rate hikes.Fxstreet
Thu, Oct 15
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