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GBP/USD hovers near 1.3600 as UK government crisis weighs on Pound Sterling
GBP/USD moves sideways after registering modest gains in the previous session, trading around 1.3610 during the European hours on Monday. The pair could come under pressure as the Pound Sterling (GBP) may weaken amid a fresh government crisis in the United Kingdom (UK).
Fxstreet
Mon, Feb 9
Sterling slides on Starmer crisis and rate-cut bets
LONDON, Feb 9 (Reuters) - The pound dropped against the euro and slipped versus the dollar on Monday after the latest twist in the crisis engulfing Prime Minister Sir Keir Starmer and as expectations of further rate cuts weighed on the currency.Morgan McSweeney, Starmer's chief of staff, quit on...Reuters
Mon, Feb 9
USD/JPY: Intervention risk rises near 160 – TD Securities
TD Securities Senior Macro Strategist Alex Loo argues that despite Japan’s political shift under PM Takaichi, the Japanese Yen is likely to underperform, with markets eyeing the 160 level in USD/JPY as a key trigger for Ministry of Finance action.
Fxstreet
Mon, Feb 9
USD/CHF moves below 0.7750 as traders expect SNB to keep rates unchanged
USD/CHF extends its losses for the second successive session, trading around 0.7730 during the European hours on Monday. Traders are looking for fresh signals on the Swiss National Bank’s (SNB) monetary policy outlook.
Fxstreet
Mon, Feb 9
GBP/JPY retreats to 212.60 area as Takaichi’s win boosts the Yen
The Pound retraces previous gains as a landslide victory by Japan’s Prime Minister Sanae Takaichi onSunday’s elections has sent the Yen rallying against its main peers on Monday. The GBP/JPY has given away nearly 200 pips from session highs at 214.41 to 212.61 at the time of writing.
Fxstreet
Mon, Feb 9
ANALYSIS-As Japan's Takaichi creates election history, only markets stand in her way
Stocks cheer LDP landslide, shoot to record highsYen steadies with fiscal outlook in focusRisk of bond, FX selloff seen curtailing a spendthrift agendaBy Rocky Swift and Tom Westbrook TOKYO, Feb 9 (Reuters) - The biggest landslide win in postwar history has given Japan's Prime Minister Sanae ...Reuters
Mon, Feb 9
NZD/USD steadies above 0.6000 as US Dollar extends losses
NZD/USD extends its gains for the second successive session, trading around 0.6020 during the European hours on Monday. The pair appreciates as the US Dollar (USD) declines, as traders adopt caution ahead of looming key economic data delayed by the partial government shutdown.
Fxstreet
Mon, Feb 9
USD/JPY: Election-driven shifts challenge bullish consensus – DBS
DBS Group Research’s Philip Wee analyses how Japan’s snap election and the so‑called Takaichi Trade could shift expectations for USD/JPY. He notes that the Liberal Democratic Party–Inshin landslide may support the Japanese Yen, while markets may be overstating Japanese Government Bond risks.Fxstreet
Mon, Feb 9
FOREX-Yen firms as intervention risk trips up Takaichi trade
Japanese currency reverses earlier weakness, snaps six-day losing streakAuthorities in Tokyo reiterate warnings on yen volatilityU.S. dollar faces busy week ahead of data releasesBy Gregor Stuart Hunter SINGAPORE, Feb 9 (Reuters) - The yen strengthened in Asian trading on Monday after Japanese Pr...Reuters
Mon, Feb 9
EUR/JPY edges lower to near 185.50 after Japan’s ruling LDP landslide victory
The EUR/JPY cross loses traction to near 185.55 during the early European session on Monday. The Japanese Yen (JPY) strengthens against the Euro (EUR) after Japan’s ruling Liberal Democratic Party (LDP) won an outright majority in Sunday’s lower house election.
Fxstreet
Mon, Feb 9
EUR/USD: Upward pressure expected – UOB
UOB analysts Quek Ser Leang and Lee Sue Ann suggest that the Euro against the US Dollar is facing mild upward pressure and could test higher levels. The report indicates a potential advance to 1.1840, although the resistance at 1.1860 is unlikely to be breached.Fxstreet
Mon, Feb 9
FOREX-Yen strengthens as intervention risk trips up Takaichi trade
Japanese currency reverses earlier weakness, snaps six-day losing streakAuthorities in Tokyo reiterate warnings on yen volatilityU.S. dollar faces busy week ahead of data releasesBy Gregor Stuart Hunter SINGAPORE, Feb 9 (Reuters) - The yen strengthened in Asian trading on Monday after Japanese Pr...Reuters
Mon, Feb 9
GBP/USD Price Forecast: Holds medium-term bullish bias above 1.3600
The GBP/USD pair trades on a softer note around 1.3605 during the early European session on Monday. Growing expectation of the Bank of England’s (BoE) interest-rate cut weighs on the Pound Sterling (GBP) against the Greenback.Fxstreet
Mon, Feb 9
EUR/USD Price Forecast: Hovers around nine-day EMA above 1.1800
EUR/USD remains in the positive territory after registering modest gains in the previous session, trading around 1.1820 during the Asian hours on Monday. The 14-day Relative Strength Index (RSI) momentum indicator at 54 (neutral) is edging higher, signaling improving momentum.Fxstreet
Mon, Feb 9
USD/CAD posts modest gains near 1.3650 amid mixed Canadian jobs data
The USD/CAD pair posts modest gains around 1.3660 during the early European session on Monday. Traders weigh mixed Canadian January employment data. Key US labor market data will be the highlight later on Wednesday.
Fxstreet
Mon, Feb 9
USD/INR weakens as Indian Rupee rises on US-India trade framework
USD/INR depreciates as the Indian Rupee (INR) finds support from the United States (US)–India interim trade framework. New Delhi and Washington on Friday unveiled an interim framework aimed at lowering tariffs, reshaping energy ties, and deepening economic cooperation.Fxstreet
Mon, Feb 9
Australia, NZ dollars extend gains as stocks rally, yen weak
SYDNEY, Feb 9 (Reuters) - The Australian and New Zealand dollars extended their gains on Monday as global stocks bounced sharply from the recent selloff and precious metals recovered, with flows out of the Japanese yen also providing support.The Aussie AUDJPY=R hit a new 36-year peak of 110.7 yen, a...Reuters
Mon, Feb 9
CORRECTED-FOREX-Yen strengthens as intervention risk trips up Takaichi trade
Japanese currency reverses earlier weakness, snaps six-day losing streakAuthorities in Tokyo reiterate warnings on yen volatilityU.S. dollar faces busy week ahead of data releasesBy Gregor Stuart Hunter SINGAPORE, Feb 9 (Reuters) - The yen strengthened in Asian trading on Monday after Japanese Pr...Reuters
Mon, Feb 9
