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Forex Today: US Dollar finds support as focus shifts to US consumer sentiment data
Here is what you need to know on Friday, November 7:
Fxstreet
Fri, Nov 7
EUR/GBP posts modest gains to near 0.8800 on BoE’s dovish hold
The EUR/GBP cross trades with mild gains around 0.8790 during the early European session. The dovish pause from the Bank of England (BoE) weighs on the Pound Sterling (GBP) against the Euro (EUR).
EUR/GBP
Fxstreet
Fri, Nov 7
Honda: See Fy2025/26 Global Group Retail Sales Of 3.34 Million Vehicles Versus Previous Forecast Of 3.62 Million
TOKYO, Nov 7 (Reuters) - Honda Motor Co Ltd 7267.T:SEE FY2025/26 GLOBAL GROUP RETAIL SALES OF 3.34 MILLION VEHICLES VERSUS PREVIOUS FORECAST OF 3.62 MILLIONSEE FY2025/26 NORTH AMERICA SALES OF 1.57 MILLION VEHICLES VERSUS PREVIOUS FORECAST OF 1.68 MILLIONSEE FY2025/26 ASIA SALES OF 925,000 VEHICLES ...
Reuters
Fri, Nov 7
USD/CAD Price Forecast: Eyes fresh six-month highs near 1.4150 within overbought zone
USD/CAD continues its winning streak for the seventh consecutive day, trading around 1.4120 during the European hours on Friday. The technical analysis of the daily chart indicates a prevailing bullish bias, with the pair remaining within the ascending channel pattern.
USD/CAD
Fxstreet
Fri, Nov 7
FOREX-Dollar rebounds as China trade data disappoints
By Gregor Stuart Hunter SINGAPORE, Nov 7 (Reuters) - The dollar found its footing in Asia on Friday as sterling and the yen lost ground, while weaker-than-expected Chinese trade data cast a chill over the region's markets. The dollar index =USD, which measures the currency's strength a...
Reuters
Fri, Nov 7
USD/CHF gains traction above 0.8050 amid US Dollar strength
The USD/CHF pair edges higher to near 0.8075 during the early European session on Friday, bolstered by renewed US Dollar (USD) demand. The preliminary reading of the U-Mich Consumer Sentiment survey will be published later on Friday.
USD/CHF
Fxstreet
Fri, Nov 7
EUR/USD trades firmly near 1.1540 on renewed US labor market risks
The EUR/USD pair holds onto Thursday’s gains around 1.1540 during the late Asian trading session on Friday. The major currency pair exhibits strength as the US Dollar (USD) faces selling pressure due to renewed United States (US) labor market concerns.
EUR/USD
Fxstreet
Fri, Nov 7
USD/INR edges higher despite optimism on US-India trade deal
The Indian Rupee (INR) opens cautiously against the US Dollar (USD) on Friday. The USD/INR pair ticks up to near 88.75 despite hints from United States (US) President Donald Trump that his relations with Indian Prime Minister (PM) Narendra Modi are stable.
Fxstreet
Fri, Nov 7
AUD/JPY flat lines around 99.00; seems vulnerable amid China's economic woes
The AUD/JPY cross oscillates in a narrow trading range, around the 99.00 mark during the Asian session on Friday, and remains within striking distance of a two-week low, retested the previous day.
AUD/JPY
Fxstreet
Fri, Nov 7
EUR/JPY loses traction to near 176.50 despite ECB’s cautious stance
The EUR/JPY cross loses ground around 176.60 during the Asian session on Friday. The Japanese Yen (JPY) strengthens against the US Dollar on minutes of the Bank of Japan’s (BoJ) September policy meeting and verbal intervention from Japanese officials.
EUR/JPY
Fxstreet
Fri, Nov 7
Japan PM Takaichi fills panel posts with advocates of big spending
Ex-BOJ deputy governor Wakatabe to join key government panelSeveral other fans of Abenomics to join government panelsAppointments reflect Takaichi's focus on loose fiscal policyBy Leika Kihara and Yoshifumi Takemoto TOKYO, Nov 7 (Reuters) - Japan's reflationist advocates of expansionary f...
Reuters
Fri, Nov 7
USD/CAD remains above 1.4100 near six-month highs despite decreasing Fed rate cut odds
USD/CAD continues its winning streak that began on October 30, trading around 1.4120 during the Asian hours on Friday. The pair remains near the six-month high of 1.4140, reached on November 5, as the US Dollar (USD) rebounds after posting losses in the previous session.
USD/CAD
Fxstreet
Fri, Nov 7
China's yuan-denominated exports fall 0.8% y/y, imports up 1.4% in October
BEIJING, Nov 7 (Reuters) - China's yuan-denominated exports fell 0.8% year-on-year in October, while imports rose 1.4%, customs data showed on Friday.
Reuters
Fri, Nov 7
China October exports fall 1.1%, imports up 1.0%, both miss forecasts
BEIJING, Nov 7 (Reuters) - China's exports unexpectedly shrank in October, falling 1.1% from a year earlier in dollar value terms, while imports grew 1.0%, customs data showed on Friday.Exports were forecast to have grown an annual 3.0%, according to economists polled by Reuters, slowing from an...
Reuters
Fri, Nov 7
Japanese Yen pulls back from over one-week top against USD on weaker domestic data
The Japanese Yen (JPY) retreats slightly from an over one-week high touched against the US Dollar (USD) during the Asian session on Friday, following the disappointing release of Japan's Household Spending data.
USD/JPY
Fxstreet
Fri, Nov 7
Australia, NZ dollars whipped by global stocks retreat
Aussie down 1% for the week, kiwi tumbles 1.5%AUD holds near 12-year top versus kiwi as rate outlook divergeSmall risk for RBNZ to cut by 50bp this month SYDNEY, Nov 7 (Reuters) - The Australian and New Zealand dollars were set for heavy weekly losses on Friday as global stocks tumbled on valuati...
Reuters
Fri, Nov 7
PBOC sets USD/CNY reference rate at 7.0836 vs. 7.0865 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Friday at 7.0836 compared to the previous day's fix of 7.0865 and 7.1131 Reuters estimate.
USD/CNH
Fxstreet
Fri, Nov 7
When is the China Trade Balance and how could it affect AUD/USD?
The General Administration of Customs will publish its data for October on Friday at 03.00 GMT. Trade balance is expected to widen to $95.60B in October, compared to $90.45 in the previous reading. Exports are expected to rise by 3%, while Imports are projected to climb by 3.2%.
AUD/USD
Fxstreet
Fri, Nov 7
FOREX-Dollar on defensive as data show cracks in US jobs market
By Gregor Stuart Hunter SINGAPORE, Nov 7 (Reuters) - The dollar retreated in early Asia trade on Friday, leading declines among major currencies as investors lacking official data on the U.S. labour market seized upon signs of weakness in private sector surveys.The dollar index =USD, which measur...
Reuters
Fri, Nov 7
GBP/USD extends much-needed recovery as Cable recovers 1.31
GBP/USD climbed on Thursday, driven into the high side by over-extended bearish price action that has plagued the pair, as well as a surprisingly close Bank of England (BoE) vote on interest rate moves that gave investors hope that the BoE might be moving to support the UK’s flagging economy despite
GBP/USD
Fxstreet
Fri, Nov 7
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