News
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FOREX-Dollar climbs to fresh two-month highs as euro, yen hit by political turmoil
By Joice Alves LONDON, Oct 9 (Reuters) - The dollar rose on Thursday, adding to a strong run this week, helped by a weakening euro facing a political crisis in Paris and a struggling yen amid a change of guard in Japan's ruling party.Markets this week have also grappled with a lengthening U.S...Reuters
Thu, Oct 9
EUR: Less bearish news out of France – ING
News emerged last night from former French Prime Minister Sébastien Lecornu that President Macron could announce a new PM by Friday evening. This has come as a surprise to a market that had felt that the next chapter in the French political saga could only be new and divisive elections.Fxstreet
Thu, Oct 9
USD/CAD Price Forecast: Sees more upside above 1.4000 amid upbeat US Dollar
The USD/CAD pair trades firmly near over four-month high around 1.3980 during Thursday’s European session, posted last week. The Loonie pair exhibits strength as the US Dollar trades firmly, following recent developments in France and Japan.
Fxstreet
Thu, Oct 9
Silver Price Forecast: XAG/USD remains above $49.00 due to prevailing bullish bias
Silver price (XAG/USD) extends its gains after registering more than 2% gains, reaching the new 14-year high of $49.55 in the previous session and currently trading around $49.10 during the European hours on Thursday.
Fxstreet
Thu, Oct 9
CORRECTED-FACTBOX-The world's biggest privately held companies (October 3)
Oct 3 (Reuters) - ChatGPT-parent OpenAI reportedly reached a valuation of $500 billion earlier this week, cementing its place as the most valuable privately held company in the world, according to Crunchbase data.Another company potentially close to that valuation is crypto giant Tether. Bloomberg N...Reuters
Thu, Oct 9
Pound Sterling slides further against US Dollar ahead of Fed Powell’s speech
The Pound Sterling (GBP) extends its losing streak for the third trading day against the US Dollar (USD) on Thursday. The GBP/USD pair slides to near 1.3365 as the US Dollar Index (DXY) rebounds after a slight corrective move.
Fxstreet
Thu, Oct 9
NZD/USD falls below 0.5800 as traders adopt caution ahead of Fed Powell’s speech
NZD/USD extends its losses for the third successive session, trading around 0.5770 during the Asian hours on Thursday. The pair depreciates as the US Dollar (USD) gains ground ahead of the speech by Federal Reserve (Fed) Chair Jerome Powell due later in the day.
Fxstreet
Thu, Oct 9
EUR/GBP strengthens above 0.8650, French political uncertainty might cap the EUR’s upside
The EUR/GBP cross rebounds to around 0.8680 during the early European session on Thursday. The Euro (EUR) edges higher against the Pound Sterling (GBP) as French President Emmanuel Macron is set to appoint a new Prime Minister in the next 48 hours.
Fxstreet
Thu, Oct 9
FOREX-Steady dollar headed for best week in a year as yen struggles
Dollar retreats slightly but holds most gainsYen continues to struggle on weaker side of 152 per dollarFed meeting minutes show policymakers' caution over future easingBy Rae Wee SINGAPORE, Oct 9 (Reuters) - The dollar took a breather on Thursday after a strong run this week that has put it o...Reuters
Thu, Oct 9
EUR/JPY stays above 177.50 near all-time highs amid fading likelihood of BoJ rate hikes
EUR/JPY continues its winning streak for the fifth successive session, trading around 177.60 during the Asian hours on Thursday. The currency cross remains close to the fresh all-time high of 177.86 recorded on Wednesday, as the Japanese Yen (JPY) struggles as political shifts dampened the odds for
Fxstreet
Thu, Oct 9
Trump policies are pivotal to gold price rally, Franco-Nevada CEO says
US polices erode dollar as global reserve currency, CEO says'Rational target' for gold prices is $6,000 an ounce by 2030Franco-Nevada plans to expand its Australian businessBy Melanie Burton MELBOURNE, Oct 9 (Reuters) - U.S. President Donald Trump's policies have eroded the dollar...Reuters
Thu, Oct 9
New Zealand delivers jolt to frail economy with 50-bp rate cut, flags more easing
RBNZ cuts benchmark rate by an aggressive 50bps, signals more to comeNZ dollar and interest rate swaps tumble post-rate cutRBNZ's larger cut comes as economy struggles despite previous raft of cutsNZ Prime Minister Luxon has supported lower cash rate amid economic challengesRBNZ sees inflation r...Reuters
Thu, Oct 9
EUR/USD recovers some lost ground to near 1.1650 amid prolonged US government shutdown
The EUR/USD pair recovers some lost ground around 1.1645, snapping the three-day losing streak during the Asian trading hours on Thursday. An ongoing US government shutdown undermines the US Dollar (USD) against the Euro (EUR).Fxstreet
Thu, Oct 9
Silver Price Forecast: XAG/USD hovers around $49.00 as safe-haven demand eases
Silver price (XAG/USD) trades near $48.90 during the Asian hours on Thursday, remaining below the fresh all-time high of $49.55, which was reached on Wednesday. The price of the grey metal moves little as safe-haven demand eases on signs of subsiding geopolitical risks.Fxstreet
Thu, Oct 9
NZ dollar vulnerable as yield buffer shrinks, Aussie finds support
By Wayne Cole SYDNEY, Oct 9 (Reuters) - The New Zealand dollar languished near six-month lows on Thursday after its yield premium was whittled away to almost nothing, while the Australian dollar benefited from better risk sentiment across global markets. The kiwi took a gut punch on Wednesday whe...Reuters
Thu, Oct 9
