News
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GBP: Another hurdle jumped for December rate cut – MUFG
The October inflation data has just been released in the UK and the data is largely in line with market consensus – that means no nasty surprises that could have raised doubts over the ability of the MPC to cut the key policy rate in December.
Fxstreet
Wed, Nov 19
EUR/USD hovers near weekly lows in risk-averse markets
EUR/USD shows marginal gains, trading at 1.1590 at the time of writing on Wednesday after bouncing from the previous day's lows at 1.1570. Still, the pair remains trapped within previous ranges, with the 1.1600 level capping bulls.
Fxstreet
Wed, Nov 19
Silver Price Forecast: XAG/USD rallies to $51.50 on risk-off markets
Silver (XAG/USD) appreciates for the second consecutive day on Wednesday, reaching intraweek highs above $51.50, as the risk-averse sentiment underpins support for safe assets like precious metals amid the global equity markets’ sell-off.Investors’ concerns about an AI bubble have been weighing on e
Fxstreet
Wed, Nov 19
Sterling steadies after UK inflation eases as expected
LONDON, Nov 19 (Reuters) - Sterling was little changed after British consumer price inflation fell to 3.6% in October, the first drop since May and one which offers some relief to the government and the Bank of England. Consumer prince inflation fell to 3.6% in October from September's joint...Reuters
Wed, Nov 19
FOREX-Yen bid, dollar choppy as investors look for safety from global selloff
Broad declines for US equity markets, down for fourth dayWeekly jobs data adds to investor pessimismTrump renews attack on Fed Chair PowellBOJ Governor Ueda to meet with finance minister as JGB yields set fresh highsBy Gregor Stuart Hunter SINGAPORE, Nov 19 (Reuters) - The yen regained its footin...Reuters
Wed, Nov 19
NZD/USD tumbles below 0.5650 on RBNZ rate cut bets
The NZD/USD pair remains on the defensive near 0.5630 during the early European session on Wednesday. Expectations of an imminent interest rate cut from the Reserve Bank of New Zealand (RBNZ) exert some selling pressure on the New Zealand Dollar (NZD) against the Greenback.
Fxstreet
Wed, Nov 19
GBP/JPY corrects to near 204.00 as Yen outperforms, UK CPI data awaited
The GBP/JPY pair retraces to near 204.00 in the Asian trading session on Wednesday after revisiting an almost six-week high around 204.80 the previous day. The pair faces selling pressure as the Japanese Yen (JPY) attracts bids after underperforming its peers in the past few weeks.
Fxstreet
Wed, Nov 19
USD/INR sees more downside on hopes of US-India trade deal
The Indian Rupee (INR) extends its winning streak against the US Dollar (USD) for the fourth trading day on Wednesday. The USD/INR falls to near 88.60 as the Indian currency remains broadly firm amid growing expectations that the United States (US) and India could announce a trade deal soon.Fxstreet
Wed, Nov 19
USD/CHF stands firm near 0.8000; await break through 50-day SMA ahead of FOMC minutes
The USD/CHF pair prolongs its recent recovery from the 0.7880-0.7875 region, or a nearly one-month low touched last week, for the fourth straight day and climbs to an over one-week high during the Asian session on Wednesday.
Fxstreet
Wed, Nov 19
EUR/JPY softens to near 180.00 on intervention fears
The EUR/JPY cross loses ground to near 180.00 during the early European session on Wednesday. The Japanese Yen (JPY) strengthens against the Euro (EUR) amid speculations that Japanese authorities would step into the market to stem further weakness in the domestic currency.Fxstreet
Wed, Nov 19
Australia, New Zealand dollars slip as Nvidia test looms
SYDNEY, Nov 19 (Reuters) - The Australian and New Zealand dollars fell on Wednesday amid investor caution ahead of results from artificial intelligence bellwether Nvidia that are likely to have an outsized impact on global risk sentiment. The Aussie AUD=D3 declined 0.3% to $0.6491 to reverse...Reuters
Wed, Nov 19
GBP/USD loses ground below 1.3150 ahead of UK CPI data
GBP/USD remains subdued for the fourth consecutive session, trading around 1.3130 during the Asian hours on Wednesday. Traders await the United Kingdom (UK) Consumer Price Index (CPI), PPI Core Output, and Retail Price Index data for October due later in the day.Fxstreet
Wed, Nov 19
EUR/USD stays silent below 1.1600 as Fed rate cut bets recede
EUR/USD moves little after three days of losses, trading around 1.1580 during the Asian hours on Wednesday. The pair may further lose ground as the US Dollar (USD) gains amid declining US Federal Reserve (Fed) rate cut bets for December.Fxstreet
Wed, Nov 19
USD/CAD gains near 1.4000 as Oil prices drop, Fed rate cut bets ease
USD/CAD rebounds after registering 0.5% losses in the previous session, trading around 1.4000 during the Asian hours on Wednesday. The pair appreciates as the commodity-linked Canadian Dollar (CAD) comes under downward pressure amid lower crude Oil prices.Fxstreet
Wed, Nov 19
Japanese Yen hangs near multi-month low against USD amid fiscal concerns, BoJ uncertainty
The Japanese Yen (JPY) oscillates in a range during the Asian session on Wednesday and remains close to its lowest level since late February, touched against the US Dollar (USD) the previous day.
Fxstreet
Wed, Nov 19
