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Fed's Miran: Stablecoin adoption could put downward pressure on interest rates
Stablecoin adoption may lower Fed's short-term rates, Miran saysStablecoins boost dollar's dominance, increase demand for US Treasury billsMiran compares stablecoin impact to past global savings affecting US ratesBy Michael S. DerbyNEW YORK, Nov 7 (Reuters) - Federal Reserve Governor Stephen...Reuters
Fri, Nov 7
CANADA FX DEBT-Canadian dollar snaps daily losing streak after surprise jobs gain
Canadian dollar gains 0.3% against the greenbackFor the week, the loonie weakens 0.5%Economy adds 66,600 jobs in OctoberCanada-U.S. 10-year spread narrows 6.8 basis pointsBy Fergal Smith TORONTO, Nov 7 (Reuters) - The Canadian dollar strengthened against its U.S. counterpart on Friday, clawing ba...Reuters
Fri, Nov 7
EUR/USD Price Forecast: Euro regains strength, nears key resistance around 1.1600
The Euro (EUR) extends its rebound against the US Dollar (USD) on Friday, building on renewed weakness in the Greenback. At the time of writing, EUR/USD is trading near 1.1575, its highest level since October 30.Fxstreet
Fri, Nov 7
GBP/USD hovers around 1.3150 as US shutdown dampens households’ sentiment
GBP/USD clings to minimal gains on Friday amid the lack of economic data releases in the UK and as markets digest scarce economic data as the US government shutdown continues. The pair trades at 1.3148, up 0.10% after hitting a daily low of 1.3094.
Fxstreet
Fri, Nov 7
FOREX-Dollar on track for nearly flat week amid Fed outlook, China trade data
Dollar lower after soft jobs data Markets overreacting to labor market hints, Jefferies saysWeak Chinese trade data may spell trouble for the euro zoneYen still seen as the leading defensive hedgeBy Hannah Lang and Stefano Rebaudo Nov 7 (Reuters) - The U.S. dollar was set to end the week roughly ...Reuters
Fri, Nov 7
USD/CAD retreats as strong Canada jobs data lift the Loonie
The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on Friday, snapping a six-day losing streak after stronger-than-expected labor market data signaled resilience in Canada’s economy. At the time of writing, USD/CAD is trading around 1.4064, down nearly 0.35% on the day.
Fxstreet
Fri, Nov 7
GBP/JPY Price Forecast: Bulls defend key 200.00 support amid fading momentum
GBP/JPY trades slightly lower on Friday, hovering around 200.75 at the time of writing, and remains on track for its second consecutive weekly loss. The pair has stabilized after sharp mid-week selling that drove prices to a one-month low, filling the bullish gap from October 6.
Fxstreet
Fri, Nov 7
FOREX-Dollar on track for flat week amid Fed outlook, US data; China eyed
Dollar kicked off five-day winning streak after Fed signals last weekMarkets overreacting to labour market hints, Jefferies saysWeak Chinese trade data may spell trouble for the euro zoneYen still seen as the leading defensive hedgeBy Stefano Rebaudo Nov 7 (Reuters) - The U.S. dollar was set to e...Reuters
Fri, Nov 7
NZD/USD might weaken to 0.5600 next – UOB Group
There is room for New Zealand Dollar (NZD) to edge lower, but any decline is likely part of a lower range of 0.5620/0.5650. In the longer run, downward pressure has increased; NZD could weaken to 0.5600 next, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, Nov 7
AUD/USD holds key support level of 0.6450 as RBA dovish bets cool down
The AUD/USD pair stays above its key support level of 0.6450 from Wednesday. During the European trading session on Friday, the Aussie pair trades 0.1% higher to near 0.6490 as the Australian Dollar (AUD) outperforms its peers.Fxstreet
Fri, Nov 7
AUD/USD: Major support at 0.6445 is unlikely to come under threat – UOB Group
Australian Dollar (AUD) could test 0.6460; the major support at 0.6445 is unlikely to come under threat. In the longer run, outlook for AUD is negative now, but last month’s low near 0.6445 may not come into view so soon, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, Nov 7
GBP/USD slides below 1.3100 after BOE dovish hold – BBH
GBP/USD is down under 1.3100 after recovering to a high around 1.3140 overnight. The Bank of England (BOE) delivered a dovish hold yesterday. The BOE left the policy rate at 4.00% (70% priced-in) and signaled the bar is low to resume easing at the next December meeting, BBH FX analysts report.Fxstreet
Fri, Nov 7
