News
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Dollar tentative as traders mull December Fed cut on weakening US jobs market
The dollar nursed losses on Wednesday after private-sector U.S. jobs data stoked worries about labour market weakness, with investors also bracing for an imminent U.S. government reopening that is expected to unleash a backlog of economic releases.Reuters
Wed, Nov 12
AUD/NZD hovers around 1.1550 following cautious remarks from RBA’s Hauser
AUD/NZD remains flat after registering more than 0.25% losses in the previous session, trading around 1.1550 during the Asian hours on Wednesday. The currency cross remains near 1.1590, the highest since September 2013, reached on November 10.
Fxstreet
Wed, Nov 12
Australia, NZ dollars mark time as investors wait for US government to reopen
SYDNEY, Nov 12 (Reuters) - The Australian dollar marked time on Wednesday as investors wait for the U.S. government to reopen, while its run to a 12-year high against the kiwi due to diverging rate outlooks in Australia and New Zealand has led to some profit-taking. The Aussie AUD=D3 slipped 0.1% to...Reuters
Wed, Nov 12
AUD/JPY Price Forecast: Constructive outlook remains intact near 110.00
The AUD/JPY cross gains ground to around 100.90 during the early European session on Wednesday. The Bank of Japan (BoJ) has been reluctant to commit to further interest rate hikes on the back of Japan's Prime Minister Sanae Takaichi's pro-stimulus stance.
Fxstreet
Wed, Nov 12
USD/CHF trades cautiously near 0.8000 as Fed dovish speculation intensifies
The USD/CHF pair trades with caution around 0.8000 during the late Asian trading session on Wednesday. The Swiss Franc pair faces selling pressure as the US Dollar (USD) falls on the back foot amid growing expectations that the Federal Reserve (Fed) could cut interest rates again this year.
Fxstreet
Wed, Nov 12
NZD/USD Price Forecast: Seems vulnerable while below 200-hour SMA hurdle near 0.5670
The NZD/USD pair meets with a fresh supply during the Asian session on Wednesday and now seems to have snapped a two-day winning streak, to the 0.5670 region, or a nearly one-week top touched the previous day.
Fxstreet
Wed, Nov 12
USD/INR rises at open ahead of India’s retail inflation data
The Indian Rupee (INR) opens on a weak note against the US Dollar (USD) on Wednesday. The USD/INR pair rises to near 88.80 as the Indian Rupee underperforms ahead of the release of India’s Consumer Price Index (CPI) data for October at 10:30 GMT.Fxstreet
Wed, Nov 12
GBP/USD moves below 1.3150 as traders expect BoE rate cut in December
GBP/USD extends its losses for the second successive day, trading around 1.3140 during the Asian hours on Wednesday. The pair depreciates as the Pound Sterling (GBP) struggles amid growing expectations that the Bank of England (BoE) will cut interest rates in December.
Fxstreet
Wed, Nov 12
EUR/USD remains near 1.1600 as ECB holds steady, Fed easing eyed
EUR/USD remains steady after five days of gains, trading around 1.1580 during the Asian hours on Wednesday. The pair may continue its winning streak as the Euro (EUR) could further gain amid a cautious tone surrounding the European Central Bank (ECB) policy outlook.
Fxstreet
Wed, Nov 12
USD/CAD holds gains above 1.4000 as US government shutdown nears end
USD/CAD edges higher after three days of losses, trading around 1.4010 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) gains support from the ongoing process to reopen the United States (US) government.
Fxstreet
Wed, Nov 12
INDIA RUPEE-Rupee looks to build on modest momentum on trade deal hopes, Fed rate cut bets
By Nimesh Vora MUMBAI, Nov 12 (Reuters) - The Indian rupee will look to build on the modest momentum from the previous session on Wednesday, aided by optimism over a potential U.S.-India trade deal and U.S. data that made it more likely that the Federal Reserve will cut rates again next month. ...Reuters
Wed, Nov 12
Japanese Yen languishes near multi-month low against USD amid BoJ uncertainty
The Japanese Yen (JPY) continues its struggle to attract any meaningful buyers during the Asian session on Wednesday and languishes near the lowest level since February 13, touched against its American counterpart the previous day.
Fxstreet
Wed, Nov 12
Australian Dollar declines as US Dollar gains amid nearing government shutdown end
The Australian Dollar (AUD) weakens against the US Dollar (USD) on Wednesday, extending its losses for the second successive session. The AUD/USD pair declines as the US Dollar (USD) gains support from the ongoing process to reopen the United States (US) government.
Fxstreet
Wed, Nov 12
NZD/USD edges lower to near 0.5650 as US government shutdown end in sight
The NZD/USD pair declines to around 0.5655 during the early Asian session on Wednesday. Optimism over a potential deal to end the US government shutdown provides some support to the US Dollar (USD) against the New Zealand Dollar (NZD).Fxstreet
Wed, Nov 12
FOREX-Dollar eases as traders eye December Fed cut on weakening US jobs market
Worries about weakening U.S. labour market resurfaceTraders ramp up bets of Fed cut in DecemberDollar weak, yen pinned near nine-month lowBy Rae Wee SINGAPORE, Nov 12 (Reuters) - The dollar eased on Wednesday after private-sector U.S. jobs data stoked worries about the health of the labour market...Reuters
Wed, Nov 12
GBP/USD rebound challenged by downbeat UK labor data
GBP/USD hit a fresh bearish challenge on Tuesday, hitting a snag and snapping a four-day winning streak. The pair remains hamstrung just south of the 1.3200 handle, and Cable traders will need a fresh shock to push Pound Sterling (GBP) bids back onto the high side.Fxstreet
Tue, Nov 11
USD/CHF Price Forecast: Extends slide toward 0.8000
The USD/CHF dives for the fourth consecutive day, trades at around 0.8000 after losing 0.55% late Tuesday, during the North American session. Worse than expected US economic data, and a tariff reduction to Switzerland, boosted the Swiss Franc during the trading session.Fxstreet
Tue, Nov 11
