News
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Pound edges up ahead of UK budget
By Amanda Cooper LONDON, Nov 26 (Reuters) - Sterling rallied for a fifth day against a flagging dollar on Wednesday, hours before the British finance minister is expected to announce billions of pounds of tax rises as she attempts to retain the confidence of bond investors and voters.Rachel Reeve...Reuters
Wed, Nov 26
AUD/JPY Price Forecast: Builds on hot Australian CPI-led gains to 101.70; eyes trading range hurdle
The AUD/JPY cross gains strong positive traction in reaction to hotter Australian consumer inflation figures, which tempers bets for further rate cuts by the Reserve Bank of Australia (RBA) and boost Aussie.
Fxstreet
Wed, Nov 26
FOREX-Yen steadies on rate hike prospect; kiwi jumps after hawkish RBNZ signal
BOJ preparing markets for possible rate hike as soon as next month - sourcesNew Zealand dollar surges on hawkish RBNZ tiltTraders anticipate December Fed cut, consider outlook for U.S. policy under new Fed chairSterling on guard ahead of UK budget announcementBy Rae Wee SINGAPORE, Nov 26 (Reuters...Reuters
Wed, Nov 26
Kiwi dollar soars as RBNZ signals it is done easing, Aussie climbs on inflation risk
Kiwi jumps 1.2%, swap rates climb as RBNZ delivers hawkish cutAussie gains 0.5%, back above 65 centsHot Australian inflation data spurs talk of rate hikeBy Stella Qiu SYDNEY, Nov 26 (Reuters) - The New Zealand dollar surged on Wednesday after its central bank cut rates but signalled it was done e...Reuters
Wed, Nov 26
Indian Rupee opens cautiously against US Dollar despite Fed dovish bets swell
The Indian Rupee (INR) ticks lower at open against the US Dollar (USD) on Wednesday. The USD/INR pair edges up to near 89.35 as the Indian Rupee continues to underperform, with persistent US Dollar’s demand from Indian importers and in the offshore market.Fxstreet
Wed, Nov 26
NZD/USD Price Forecast: Targets 0.5700 after breaking above nine-day EMA
NZD/USD trades higher by more than 1%, trading around 0.5690 during the Asian hours on Wednesday. The technical analysis of the daily chart signals a persistent bearish bias as the pair price remains within the descending channel pattern.
Fxstreet
Wed, Nov 26
NZ central bank signals end to easing cycle after cutting rates to over 3-year low
RBNZ signals end to easing cycle as economy shows signs of recoveryNZ dlr rises, traders reduce expectations for further rate cutsRBNZ forecasts cash rate at 2.65% by Q4 2027, indicating hawkish stanceBy Lucy Craymer AUCKLAND, Nov 26 (Reuters) - New Zealand's central bank cut its benchmark of...Reuters
Wed, Nov 26
EUR/JPY remains range-bound below 181.00 as hawkish BoJ bets counter ECB optimism
The EUR/JPY pair struggles to capitalize on a modest intraday uptick on Wednesday and remains below the 181.00 round figure through the Asian session. Meanwhile, mixed fundamental cues keep spot prices confined in the weekly range and warrant some caution before placing aggressive directional bets.
Fxstreet
Wed, Nov 26
FOREX-Yen rises on rate-hike prospect; kiwi jumps after RBNZ decision
BOJ preparing markets for possible rate hike as soon as next monthNew Zealand dollar surges on hawkish RBNZ tiltTraders anticipate December Fed cut, consider outlook for U.S. policy under new Fed chairSterling on guard ahead of UK budget announcementBy Rae Wee SINGAPORE, Nov 26 (Reuters) - The ye...Reuters
Wed, Nov 26
FOREX-Dollar slips as investors bet on US rate cuts; kiwi jumps after RBNZ decision
Traders anticipate December Fed cut, consider outlook for US policy under new Fed chairNew Zealand dollar surges as RBNZ dials back on dovish forward guidanceHotter-than-expected Australian inflation print lifts Aussie dollarSterling on guard ahead of UK budget announcementBy Rae Wee SINGAPORE, N...Reuters
Wed, Nov 26
AUD/NZD tumbles to near 1.1430 as RBNZ cuts OCR by 25 bps to 2.25%, as expected
The AUD/NZD pair slides vertically to near 1.1430 during the Asian trading session on Wednesday. The pair faces intense selling pressure as the Reserve Bank of New Zealand (RBNZ) has cut its Official Cash Rate (OCR) by 25 basis points (bps) to 2.25%.
Fxstreet
Wed, Nov 26
NZ central bank cuts cash rate by 25 bps to 2.25%
By Lucy Craymer AUCKLAND, Nov 26 (Reuters) - New Zealand's central bank cut its benchmark official cash rate by 25 basis points to 2.25% on Wednesday, its lowest level since mid-2022, as policymakers extended their efforts to revive a struggling economy and mitigate global headwinds. The deci...Reuters
Wed, Nov 26
