News
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GBP/JPY retreats below 211.00 as risk appetite recedes
The Sterling is trading lower from the fresh long-term highs above 212.00 hit on Tuesday, returning to levels right below 211.00. The safe-haven Japanese Yen is rallying across the board with risk appetite receding, as tensions between China and Japan grow.
Fxstreet
Wed, Jan 7
UBS cuts Indian rupee March forecast to 92, expects short-lived US trade deal relief
By Nimesh Vora and Dharamraj Dhutia MUMBAI, Jan 7 (Reuters) - UBS Investment Bank expects the Indian rupee to weaken to 92 per U.S. dollar by March, making the case that any relief from a potential U.S.–India trade deal announcement would likely be undermined by the central bank replenishing for...Reuters
Wed, Jan 7
FOREX-Dollar on the defensive as traders await key US economic data
Markets brush off heightening geopolitical tensions, for nowDollar dips ahead of US labour market dataAustralia's inflation slows in November, but core stickyBy Rae Wee SINGAPORE, Jan 7 (Reuters) - The dollar hugged tight ranges on Wednesday ahead of a slew of U.S. economic data that could se...Reuters
Wed, Jan 7
USD/CHF softens to near 0.7950 as Venezuela crisis supports Swiss Franc
The USD/CHF pair trades in negative territory near 0.7950 during the early European session on Wednesday. The US Dollar (USD) weakens against the Swiss Franc (CHF) amid persistent geopolitical tensions and dovish comments from the US Federal Reserve (Fed) officials.
Fxstreet
Wed, Jan 7
NZD/USD consolidates below 0.5800 ahead of US data-packed day
The NZD/USD pair trades in a tight range around 0.5785 during the late Asian trading session on Wednesday. The Kiwi pair meanders as the US Dollar (USD) trades calmly ahead of a slew of United States (US) economic data, releasing in the North American session.
Fxstreet
Wed, Jan 7
EUR/USD Price Forecast: Trades around 1.1700 after rebounding from 50-day EMA
EUR/USD gains ground after three days of losses, trading around 1.1700 during the Asian hours on Wednesday. On the daily chart, technical analysis indicates a potential for a bearish bias; the 14-day Relative Strength Index (RSI) at 47 (neutral) confirms waning momentum.Fxstreet
Wed, Jan 7
Silver Price Forecast: XAG/USD declines to near $80.00 as traders book profits
Silver price falls to near $80.15 during the Asian trading hours on Wednesday. The white metal edges lower as traders book some profits ahead of the key US economic data later this week. Traders brace for the US ISM Services Purchasing Managers Index (PMI) report on Wednesday.
Fxstreet
Wed, Jan 7
Australian Dollar advances after recovering recent losses
The Australian Dollar (AUD) rises against the US Dollar (USD) on Wednesday, continuing its winning streak for the fourth successive session. However, the AUD/USD pair faced challenges following the release of Australia's November Consumer Price Index (CPI).
Fxstreet
Wed, Jan 7
Australian dollar hits 15-month top, inflation data a mixed bag
By Wayne Cole SYDNEY, Jan 7 (Reuters) - The Australian dollar hit 15-month highs on Wednesday as a mixed bag of inflation data kept alive the prospect of a near-term hike in interest rates, while helping the Aussie notch a 12-year peak against its counterpart in New Zealand.Figures showed consume...Reuters
Wed, Jan 7
