News
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UK GDP expected to post modest growth in Q3
The UK’s Office for National Statistics (ONS) will release the advanced prints of the Q3 Gross Domestic Product (GDP) on Thursday. If the figures meet market consensus, the UK economy would have maintained its pace of expansion at 1.4% annualised, showing that momentum could have begun to stall.
Fxstreet
Wed, Nov 12
US Treasurer strikes final pennies at Philadelphia Mint
Each penny costs 3.69 cents to make, Treasury saysUS Mint to announce auction of final penniesGold pennies also produced, source saysPennies remain legal tender and will stay in circulationHalting penny production to save US Mint $56 million a year, Treasury saysBy Andrea Shalal PHILADELPHIA, Nov...Reuters
Wed, Nov 12
EUR/USD steady beneath 1.16, traders await US shutdown vote, Fed clarity
The Euro consolidates for the second straight day unable to crack the 1.1600 figure as risk appetite improve due to the imminent re-opening of the US government as the House of Representatives votes on the stopgap funding bill.
Fxstreet
Wed, Nov 12
Australia unemployment rate expected to edge lower in October
Australia is scheduled to publish the October monthly employment report on Thursday at 0:30 GMT, with market participants anticipating a modest improvement in labor market conditions. Still, the expected outcome indicates persistent weakness in the sector.
Fxstreet
Wed, Nov 12
FOREX-Dollar mixed as US government looks to reopen, yen at nine-month low
Yen drops amid concerns over Japanese rate policyUS government shutdown affects economic data releasesFed divided on rate cuts amid inflation concernsBy Karen Brettell NEW YORK, Nov 12 (Reuters) - The U.S. dollar dipped against the euro on Wednesday as traders evaluated what a flood of economic r...Reuters
Wed, Nov 12
CANADA FX DEBT-Canadian dollar rises to 12-day high as BoC minutes support move to the sidelines
Canadian dollar gains 0.1% against the greenbackTouches its strongest level since October 31 at 1.3991Price of oil settles 4.2% lower10-year yield eases 3.7 basis points to 3.137%By Fergal Smith TORONTO, Nov 12 (Reuters) - The Canadian dollar strengthened on Wednesday to its highest level against...Reuters
Wed, Nov 12
Chevron says Argentina costs still challenging despite reform progress
By Sheila Dang HOUSTON, Nov 12 (Reuters) - The cost of doing business in Argentina remains challenging despite promising geology and progress by the government of President Javier Milei to foster the oil economy, Chevron's Vice Chairman Mark Nelson said on Wednesday."Clearly the geology i...Reuters
Wed, Nov 12
NZD/USD rises slightly as risk sentiment improves, RBNZ rate cut looms
NZD/USD hovers around 0.5660 on Wednesday at the time of writing, up 0.15% on the day. In New Zealand, a sluggish economic outlook continues to fuel speculation about a potential rate cut by the Reserve Bank of New Zealand (RBNZ).
Fxstreet
Wed, Nov 12
EUR/USD extends winning streak as Dollar slips ahead of key US House vote
The Euro (EUR) edges higher against the US Dollar (USD) on Wednesday, reversing earlier losses as the Greenback’s rebound loses steam ahead of a critical congressional vote to end the record-long US government shutdown.Fxstreet
Wed, Nov 12
GBP/USD falls towards 1.3100 as UK political tensions weighs on Sterling
The Pound Sterling tumbles during the North American session on Wednesday as reports emerged that Prime Minister Keir Starmer’s leadership was questioned, ahead of the release of UK’s fiscal budget. The GBP/USD tumbles over 0.34% at 1.3105.Fxstreet
Wed, Nov 12
FOREX-Dollar gains as US government looks to reopen, yen at nine month low
Yen drops amid concerns over Japanese rate policyU.S. government shutdown affects economic data releasesFed divided on rate cuts amid inflation concernsBy Karen Brettell NEW YORK, Nov 12 (Reuters) - The U.S. dollar gained on the euro and yen on Wednesday as traders evaluated what a flood of econo...Reuters
Wed, Nov 12
EUR/GBP hits yearly highs amid UK political tensions and BoE rate-cut bets
The Euro (EUR) extends gains against the British Pound (GBP) on Wednesday as the Sterling weakens across the board following reports of growing tension within the UK Labour Party and speculation over Prime Minister Keir Starmer’s leadership, which has added to political uncertainty ahead of this mon
Fxstreet
Wed, Nov 12
USD/JPY hits levels last seen in February – Scotiabank
The Japanese Yen (JPY) weakened 0.5% against the US Dollar (USD), hitting fresh local lows last seen in February, as traders reacted to Prime Minister Takaichi’s call for closer coordination between the government and the Bank of Japan, Scotiabank's Chief FX Strategists Shaun Osborne and Eric TheoreFxstreet
Wed, Nov 12
Existing EU crypto rules address stablecoin risk, banking regulator says
EBA says MiCA's stablecoin safeguards should be usedESRB and ECB concerned about risks around redemption requestsStablecoin demand growing fast, nearly all in dollarsBy Elizabeth Howcroft PARIS, Nov 12 (Reuters) - Europe's existing crypto rules already contain safeguards against risks pos...Reuters
Wed, Nov 12
CAD little changed and struggling to make headway through 1.40 – Scotiabank
The Canadian Dollar (CAD) is little changed and clearly struggling to make headway through the 1.40 area—which spot has tested four times over the past three days, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Wed, Nov 12
