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EUR/JPY Price Forecast: Reaches fresh highs above 179.00 near wedge resistance
EUR/JPY continues its winning streak for the fourth successive session, trading around 179.10 during the European hours on Wednesday. The currency cross is testing resistance within a bearish pattern, trading near the upper boundary of an ascending wedge pattern.
Fxstreet
Wed, Nov 12
Pound Sterling continues to decline as weak UK data prompts BoE dovish bets
The Pound Sterling (GBP) underperforms its major currency peers, except the Japanese Yen (JPY), on Wednesday. The British currency faces selling pressure amid growing expectations that the Bank of England (BoE) will resume its monetary expansion cycle at the December meeting.
Fxstreet
Wed, Nov 12
FOREX-Yen hits nine-month low; dollar tentative as traders mull December Fed cut
Yen falls to nine-month trough; prompts verbal intervention from officialsWorries about weakening U.S. labour market resurfaceTraders eye U.S. govt reopening; still betting on Fed cut in DecemberBy Rae Wee and Kevin Buckland SINGAPORE, Nov 12 (Reuters) - The yen slid to a nine-month low on Wednes...Reuters
Wed, Nov 12
USD/CAD flat lines near 1.4000 on hopes over US shutdown deal, Fed rate cut bets
The USD/CAD pair trades on a flat note near 1.4010 during the early European session on Wednesday. Private-sector US jobs data stoked worries about labour market weakness, which could weigh on the US Dollar (USD) against the Canadian Dollar (CAD) in the near term.
Fxstreet
Wed, Nov 12
INDIA RUPEE-Rupee treads water, forward premiums gain on uptick in Fed cut wagers
By Jaspreet Kalra MUMBAI, Nov 12 (Reuters) - The Indian rupee was little changed on Wednesday, wedged between persistent importer dollar bids and the positive cue from an uptick in wagers on a rate cut by the U.S. Federal Reserve next month, that also boosted dollar-rupee forward premiums. The ru...Reuters
Wed, Nov 12
Dollar tentative as traders mull December Fed cut on weakening US jobs market
The dollar nursed losses on Wednesday after private-sector U.S. jobs data stoked worries about labour market weakness, with investors also bracing for an imminent U.S. government reopening that is expected to unleash a backlog of economic releases.Reuters
Wed, Nov 12
AUD/NZD hovers around 1.1550 following cautious remarks from RBA’s Hauser
AUD/NZD remains flat after registering more than 0.25% losses in the previous session, trading around 1.1550 during the Asian hours on Wednesday. The currency cross remains near 1.1590, the highest since September 2013, reached on November 10.
Fxstreet
Wed, Nov 12
Australia, NZ dollars mark time as investors wait for US government to reopen
SYDNEY, Nov 12 (Reuters) - The Australian dollar marked time on Wednesday as investors wait for the U.S. government to reopen, while its run to a 12-year high against the kiwi due to diverging rate outlooks in Australia and New Zealand has led to some profit-taking. The Aussie AUD=D3 slipped 0.1% to...Reuters
Wed, Nov 12
AUD/JPY Price Forecast: Constructive outlook remains intact near 110.00
The AUD/JPY cross gains ground to around 100.90 during the early European session on Wednesday. The Bank of Japan (BoJ) has been reluctant to commit to further interest rate hikes on the back of Japan's Prime Minister Sanae Takaichi's pro-stimulus stance.
Fxstreet
Wed, Nov 12
USD/CHF trades cautiously near 0.8000 as Fed dovish speculation intensifies
The USD/CHF pair trades with caution around 0.8000 during the late Asian trading session on Wednesday. The Swiss Franc pair faces selling pressure as the US Dollar (USD) falls on the back foot amid growing expectations that the Federal Reserve (Fed) could cut interest rates again this year.
Fxstreet
Wed, Nov 12
NZD/USD Price Forecast: Seems vulnerable while below 200-hour SMA hurdle near 0.5670
The NZD/USD pair meets with a fresh supply during the Asian session on Wednesday and now seems to have snapped a two-day winning streak, to the 0.5670 region, or a nearly one-week top touched the previous day.
Fxstreet
Wed, Nov 12
USD/INR rises at open ahead of India’s retail inflation data
The Indian Rupee (INR) opens on a weak note against the US Dollar (USD) on Wednesday. The USD/INR pair rises to near 88.80 as the Indian Rupee underperforms ahead of the release of India’s Consumer Price Index (CPI) data for October at 10:30 GMT.Fxstreet
Wed, Nov 12
