News
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Central bank body BIS warns of hedge fund leverage in government bond markets
By Marc JonesLONDON, Nov 27 (Reuters) - The new head of the Bank for International Settlements has said reining in hedge funds' ability to make highly leveraged bets in government bond markets should be a key priority for policymakers given rapidly increasing public debt levels.Pablo Hernández d...Reuters
Thu, Nov 27
AUDUSD Price Forecast: Momentum improves as AUDUSD tests the 50- and 100-day SMA cluster
The Australian Dollar (AUD) remains on the front foot against the US Dollar (USD) on Thursday, as traders lean into expectations that the Reserve Bank of Australia (RBA) will keep policy steady at its December meeting while maintaining a hawkish bias.
Fxstreet
Thu, Nov 27
CANADA FX DEBT-Canadian dollar touches 8-day high as current account deficit improves
Canadian dollar gains 0.1% against the greenbackTouches strongest level since November 19 at 1.4029Current account deficit narrows to C$9.68 billion10-year yield touches a near three-week lowBy Fergal Smith TORONTO, Nov 27 (Reuters) - The Canadian dollar edged higher against its U.S. counterpart ...Reuters
Thu, Nov 27
Head of UK fiscal watchdog says he will resign if Reeves, lawmakers demand it
By Andy Bruce LONDON, Nov 27 (Reuters) - The head of Britain's fiscal watchdog said on Thursday he would resign if finance minister Rachel Reeves and lawmakers demanded it, after his agency published details of the government's budget early, moving markets and sparking anger in parliament...Reuters
Thu, Nov 27
USD/JPY Price Forecast: Uptrend remains intact despite early signs of bullish exhaustion
The Japanese Yen trims part of its earlier recovery against the US Dollar on Thursday as the Greenback shows resilience in muted, holiday-thinned trading. At the time of writing, USD/JPY is hovering around 156.30, edging higher modestly after briefly touching a daily low of 155.73.
Fxstreet
Thu, Nov 27
EUR/JPY steady as ECB minutes support Euro, Yen pressured by fiscal concerns
EUR/JPY trades around 181.25 on Thursday at the time of writing, as the market digests a mild boost for the Euro (EUR) from the latest European Central Bank (ECB) Accounts alongside a still-challenging backdrop for the Japanese Yen (JPY).
Fxstreet
Thu, Nov 27
GBP/USD steady at 1.3230 as UK budget offsets Dollar pressure
The GBP/USD remains steady at around 1.3230 as market participants digest the UK’s autumn budget amid thin trading liquidity conditions with US markets remaining closed in observance of Thanksgiving Holiday. The pair is flat at 1.3232 virtually unchanged.
Fxstreet
Thu, Nov 27
FOREX-Dollar set for biggest weekly fall in four months, Fed in focus
Dollar on defensive before Thanksgiving, Fed December cut eyedEuro edges lower after hitting 1-1/2-week highUkraine peace talks could hit Swiss francAussie gains on inflation dataBy Stefano Rebaudo Nov 27 (Reuters) - The U.S. dollar headed for its steepest weekly drop in four months on Thursday a...Reuters
Thu, Nov 27
EUR/GBP holds near one-month low as ECB minutes limit downside for the Euro
The Euro (EUR) trades flat against the British Pound (GBP) on Thursday after a sharp slide on Wednesday following the United Kingdom’s Autumn Budget. At the time of writing, EUR/GBP is trading near 0.8761, holding close to a one-month low as sentiment continues to favour Sterling.
Fxstreet
Thu, Nov 27
Brazil seeks US cooperation as money laundering probe flags Delaware firms
BRASILIA, Nov 27 (Reuters) - Brazil's government will seek a cooperation agreement with the U.S. to fight money laundering and the illegal export of weapons, Finance Minister Fernando Haddad told reporters on Thursday.Haddad said U.S.-based funds are being used for money laundering and to disgui...Reuters
Thu, Nov 27
UK's Reeves fights criticism that she raised taxes to fund welfare
Budget on Wednesday forecast to raise taxes by 26 billion poundsIncrease follows 40 billion pound tax hike last yearOpposition accuses Reeves of hitting workers to fund welfareAnalysts see spending rises now, tax hikes laterBy Muvija M and William Schomberg LONDON, Nov 27 (Reuters) - British fina...Reuters
Thu, Nov 27
GBP/JPY Price Forecast: Strong momentum signals point to further gains in the near term
GBP/JPY holds steady near 207.00 on Thursday after touching a fresh year-to-date high on the previous day, with sentiment leaning in favour of the British Pound (GBP) following the United Kingdom’s Autumn Budget.
Fxstreet
Thu, Nov 27
FOREX-Dollar set for biggest weekly fall in four months, Fed in focus
Dollar on defensive before Thanksgiving, Fed December cut eyedEuro edges down after hitting 1-1/2-week highUkraine peace talks could hit the Swiss FrancAussie gains on inflation dataBy Stefano Rebaudo Nov 27 (Reuters) - The U.S. dollar headed for its steepest weekly drop in four months on Thursda...Reuters
Thu, Nov 27
AUD/USD rises on robust Australian capital expenditure, Fed rate cut outlook
AUD/USD trades around 0.6525 on Thursday at the time of writing, up 0.12% on the day. The Australian Dollar (AUD) continues to appreciate against the US Dollar (USD), supported by a market environment where expectations of monetary easing by the Federal Reserve (Fed) are intensifying.Fxstreet
Thu, Nov 27
Sterling snaps five-day rally versus the dollar, caution on UK budget
Nov 27 (Reuters) - Sterling snapped a five-day rally on Thursday as investor focus shifted back to economic fundamentals, with analysts questioning whether the fiscal tightening announced in the budget on Wednesday will actually be implemented.The greenback edged up against its...Reuters
Thu, Nov 27
Yen weakens as USD reacts to Fed dovishness – MUFG
The Jpanese Yen (JPY) has continued to trade at weaker levels during the Asian trading session alongside the US dollar which has corrected lower in response to dovish comments from New York Fed President Williams who signalled he still sees room for another rate cut in December.Fxstreet
Thu, Nov 27
