News
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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
GBP: UK budget report leaks before Chancellor’s speech – Commerzbank
An early release of the UK budget report revealed more balanced tax increases and moderated growth forecasts, calming markets, but long-term spending plans leave fiscal questions unresolved, Commerzbank's FX analyst Michael Pfister notes.Fxstreet
Thu, Nov 27
USD/JPY: Hawkish BOJ Rhetoric – OCBC
USD/JPY has started to ease lower in recent sessions, taking cues from a shift in BOJ rhetoric. The timing of the shift appears to coincide with Takaichi-Ueda meeting last week. USD/JPY was last seen at 156.30 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.Fxstreet
Thu, Nov 27
GBP: Temporary relief as gilt market sell-off avoided – MUFG
The Pound Sterling (GBP) staged a relief rebound yesterday after the UK government released details of their own budget. There was initial relief amongst market participants that the Autumn Statement did not trigger a sell-off in the gilt market.
FOREX-Dollar set for biggest weekly fall in four months, Fed path in focus
Dollar on defensive before Thanksgiving, Fed December cut eyedEuro edges down after hitting 1-1/2-week highKiwi rises on hawkish central bank shiftAussie gains on inflation dataBy Tom Westbrook and Stefano Rebaudo Nov 27 (Reuters) - The dollar was drifting toward its largest weekly drop in four m...Reuters
Thu, Nov 27
EUR/GBP Price Forecast: Under growing bearish pressure towards 0.8720
The Euro hesitates near monthly lows, following a sharp reversal after the release of the UK Budget on Wednesday. The pair has found some support at 0.8745 earlier on the day, but is lacking acceptance above 0.8760, and looks likely to extend its reversal, aiming for the 0.8720 area.Fxstreet
Thu, Nov 27
EUR/JPY holds losses near 181.00 as Japan intervention speculation grows
EUR/JPY retraces its recent gains registered in the previous session, trading around 181.00 during the European hours on Thursday. The currency cross is under pressure as the Japanese Yen (JPY) strengthens on renewed speculation of official intervention.
Fxstreet
Thu, Nov 27
Big investors welcome more headroom in UK budget, fret over long-term uncertainties
Vanguard bought gilts after budgetUK government bonds, pound rallyInvestors warn backloaded tax hikes are riskyBy Yoruk Bahceli, Dhara Ranasinghe and Nell Mackenzie LONDON, Nov 26 (Reuters) - Big investors on Wednesday broadly welcomed British finance minister Rachel Reeves' tax-raising budge...Reuters
Thu, Nov 27
