News
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USD/CAD hovers near 1.4100 as markets digest Fed remarks and mixed Canadian data
The Canadian Dollar (CAD) holds steady against the US Dollar (USD) on Friday, with USD/CAD hovering near 1.4100 as the Greenback stages a rebound after briefly losing momentum on dovish comments from New York Federal Reserve (Fed) President John Williams.
Fxstreet
Fri, Nov 21
GBP is showing impressive resilience to disappointing data – Scotiabank
Pound Sterling (GBP) is soft, down a marginal 0.1% against the US Dollar (USD) and a mi performer among the G10 in an environment of persistent USD strength, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Fri, Nov 21
Malawi makes tourists pay for beds in dollars to ease hard-currency squeeze
By Colleen GokoJOHANNESBURG, Nov 21 - Malawi has ordered foreign tourists to pay for hotel stays in dollars, euros and other hard currencies as it tries to top up dwindling foreign reserves, Finance Minister Joseph Mwanamvekha said on Friday.In a mid-year budget review, Mwanamvekha said foreign rese...Reuters
Fri, Nov 21
Swiss National Bank's bar for negative interest rates is high, chairman says
ZURICH, Nov 21 (Reuters) - The Swiss National Bank has a high bar for lowering interest rates below zero, given that negative rates can be a big challenge for a lot of actors in the economy, SNB Chairman Martin Schlegel said on Friday. However, the SNB is ready to go into negative rate territory if ...Reuters
Fri, Nov 21
EUR/CHF holds firm as Eurozone PMI softens and SNB maintains a guarded stance
The Euro (EUR) pares back some of its early losses against the Swiss Franc (CHF) on Friday as the pair steadies following the release of preliminary Eurozone Purchasing Managers Index (PMI) data. At the time of writing, the cross is trading around 0.9290, bouncing off an intraday low of 0.9276.
Fxstreet
Fri, Nov 21
FOREX-Yen gets a lift as verbal intervention picks up, dollar heads for weekly rise
Yen recovers from near 10-month low, down more than 1% for the weekTakaichi's cabinet approves 21.3 trillion yen stimulus packageFed rate cut bets pick up again after Williams commentsBy Ozan Ergenay and Rae Wee LONDON, Nov 21 (Reuters) - The yen found some support on Friday as Japanese offi...Reuters
Fri, Nov 21
Top ECB officials urge EU to remove internal barriers amid Trump tariffs
Domestic barriers a bigger drag than tariffs, says LagardeBundesbank says more help needed to free up good EU firmsDomestic savings need to be mobilised, ECB says FRANKFURT, Nov 21 (Reuters) - The European Union can offset the economic drag from U.S. trade tariffs and deglobalisation by removing ...Reuters
Fri, Nov 21
AUD/USD edges lower despite robust Australian PMI, US data awaited
AUD/USD softens slightly on Friday, trading around 0.6440 and down 0.10% at the time of writing. The decline comes despite supportive domestic data, as the pair struggles to extend Thursday’s rebound amid mixed global sentiment.
Fxstreet
Fri, Nov 21
GBP/USD struggles as UK retail sales drop sharply – BBH
GBP/USD is trading heavy above key support at 1.3000. Disappointing UK economic activity and the expected fiscal drag from the upcoming UK budget leave room for the BOE to deliver more easing than is currently priced-in (63bps in the next 12 months).Fxstreet
Fri, Nov 21
NZD/USD: Chance for NZD to test 0.5565 – UOB Group
There is a chance for New Zealand Dollar (NZD) to test 0.5565; a continued decline below this level is unlikely. In the longer run, NZD is expected to move lower; if it breaks below 0.5565, it could decline further to 0.5540, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, Nov 21
USD/JPY retreats from multi-month high near 157.90 – BBH
USD/JPY edged down to 156.60 after reaching a multi-month high around 157.90 yesterday. Japan’s sticky inflation backdrop, increased fiscal support, and firm economic activity argue for the Bank of Japan (BOJ) to raise rates in December.Fxstreet
Fri, Nov 21
AUD/USD to weaken further to 0.6430 – UOB Group
There is scope for Australian Dollar (AUD) to weaken further to 0.6430; the major support at 0.6405 is unlikely to come under threat today. In the longer run, the price action suggests there is scope for AUD to test 0.6405, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, Nov 21
Bank of Japan signals chance of December rate hike as yen slides
BOJ will debate feasibility, timing of rate hike, Ueda saysUeda says he wants 'just a bit more data' on wage impulseWeak yen could affect underlying inflation, Ueda saysRemarks come as government ramps up threat of yen interventionBOJ's next meeting on December 18-19 likely to be liveBy ...Reuters
Fri, Nov 21
Sterling treads water as data paints sombre picture before budget
By Ozan Ergenay LONDON, Nov 21 (Reuters) - Sterling was little changed on Friday as investors awaited Britain's upcoming budget, with data showing the economy struggled before next week's major test for the currency and bond market.The pound was last down less than 0.1% against the dolla...Reuters
Fri, Nov 21
