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EUR/USD steadies at one-week highs ahead of key US data releases
The Euro (EUR) is practically flat against the US Dollar (USD) on Tuesday, trading at 1.1906 at the time of writing, holding steady at one-week highs following a two-day rally. The Greenback remains on its back foot ahead of a string of key US economic data releases, while a favourable risk sentime
Fxstreet
Tue, Feb 10
EUR/GBP: Politics spark reverse V-shaped session – Danske Bank
The Danske Research Team highlights that EUR/GBP saw a reverse V‑shaped price action during the previous session. The move came as UK politics returned to focus, with pressure on Prime Minister Keir Starmer to resign after senior aides stepped down.Fxstreet
Tue, Feb 10
USD/JPY: Downside bias with policy drivers – MUFG
MUFG’s Senior Currency Analyst Michael Wan notes that the US Dollar weakened, with USD/JPY dropping below 156 and expected further downside over time. The outlook is tied to potential Bank of Japan rate hikes and Japan’s fiscal sustainability focus.Fxstreet
Tue, Feb 10
GBP/JPY struggles around mid-212.00s amid BoJ rate hike bets and UK political turmoil
The GBP/JPY cross attracts sellers for the second straight day and slides back closer to the overnight swing low during the early part of the European session on Tuesday. Spot prices, however, remain confined in a one-week-old range and currently trade just above mid-212.00s.
Fxstreet
Tue, Feb 10
USD/CAD holds steady near 1.3550 as US Retail Sales data looms
The USD/CAD pair trades on a flat note near 1.3560 during the early European session on Tuesday. A shift in the Bank of Canada (BoC) monetary policy expectations could provide some support to the Canadian Dollar (CAD) against the Greenback.
Fxstreet
Tue, Feb 10
EUR/JPY Price Forecast: Declines to near 185.00, consolidation cannot be ruled out
The EUR/JPY cross trades in negative territory around 185.00 during the early European session on Tuesday. The Japanese Yen (JPY) gathers strength against the Euro (EUR) after Prime Minister Sanae Takaichi romped to a landslide victory in Japan's snap election on Sunday.
Fxstreet
Tue, Feb 10
GBP/USD edges lower below 1.3700 on UK political risks, BoE rate cut bets
The GBP/USD pair trades on a weaker note around 1.3685 during the European session on Tuesday. The Pound Sterling (GBP) edges lower against the US Dollar (USD) amid political risk in the United Kingdom (UK) and rising expectations of near-term Bank of England (BoE) rate cuts.Fxstreet
Tue, Feb 10
USD/INR edges lower as Indian Rupee gains on improving equity inflows
USD/INR loses ground on Tuesday after two days of gains. However, the Indian Rupee (INR) struggled against the US Dollar (USD) in the previous session, with bankers citing hedging activity and routine local flows.Fxstreet
Tue, Feb 10
Silver Price Forecast: XAG/USD dips to near $82.50 on profit-taking, US Retail Sales data in focus
Silver price (XAG/USD) falls to around $82.65 during the Asian trading hours on Tuesday, pressured by a modest rebound in the US Dollar (USD). Traders book some profits from recent price run-ups while reassessing the strength of the economy and inflation.Fxstreet
Tue, Feb 10
Japanese Yen looks to build on Monday's recovery from two-week low against USD
The Japanese Yen (JPY) attracts fresh buyers following a modest Asian session downtick on Tuesday and looks to build on its recovery from a two-week low, touched against the US Dollar (USD) the previous day.Fxstreet
Tue, Feb 10
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