News
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FOREX-Dollar slides, euro and yen gain as US labor market weakens
US labor market weakens, dollar drops against euro and yenADP report shows private employers cut jobs, signaling economic slowdownEuro gains on stable ECB policy, Fed expected to ease ratesBy Karen Brettell Nov 11 (Reuters) - The U.S. dollar weakened against the euro and yen on Tuesday on concern...Reuters
Tue, Nov 11
Stocks shine as foreigners add $27 bln to EM portfolios in October, says IIF
Asia leads with $16.5 bln inflows, all regions post net inflowsEM ex-China stocks see strongest inflow since December 2023By Rodrigo Campos NEW YORK, Nov 11 (Reuters) - A pick-up in flows into stocks led the way as non-resident investors added $26.9 billion to their emerging markets' equities...Reuters
Tue, Nov 11
USD/CAD extends losses as weak US labor data boosts Fed cut expectations
The Canadian Dollar strengthens against the US Dollar (USD) on Tuesday, with USD/CAD reversing earlier gains as the Greenback weakens following soft labor market data. At the time of writing, the pair is trading around 1.4008, hovering near two-week lows.
Fxstreet
Tue, Nov 11
EUR/JPY rises as Euro gains on resilience, Yen pressured by dovish BoJ stance
EUR/JPY trades around 178.30 on Tuesday at the time of writing, up 0.10% for the day, as markets digest the latest economic indicators from Germany and the ongoing uncertainty surrounding Japan’s monetary policy.
Fxstreet
Tue, Nov 11
Santander's digital lender Openbank launches crypto trading in Spain
MADRID, Nov 11 (Reuters) - Openbank, Santander's SAN.MC digital lender, said on Tuesday it had launched a cryptocurrency trading service in Spain, following rival BBVA BBVA.MC.Banks are seeing growing demand from customers for crypto products after bitcoin hit record highs last month, helped by ...Reuters
Tue, Nov 11
USD/CHF falls as Swiss Franc gains on US-Switzerland trade optimism
USD/CHF declines on Tuesday to around 0.8020 at the time of writing, down 0.40% on the day, as the Swiss Franc (CHF) outperforms most of its peers. The Swiss currency benefits from rising optimism that the United States (US) and Switzerland will soon reach a trade agreement.
Fxstreet
Tue, Nov 11
FOREX-Dollar steadies against yen, falls vs euro as focus turns to US data
Market focus shifts to upcoming US dataEconomists remain uncertain about US economic outlookExpectations for economic growth support the euroPossible US-Swiss tariff deal lifts Swiss francBy Stefano Rebaudo Nov 11 (Reuters) - The U.S. dollar edged up versus the safe-haven yen and dropped against ...Reuters
Tue, Nov 11
USD/CAD rises as US shutdown resolution boosts USD, firm CAD limits upside
USD/CAD advances toward 1.4030 on Tuesday at the time of writing, up 0.10% for the day. The move reflects growing optimism over an imminent resolution of the US government funding deadlock, while investors await fresh US employment data.Fxstreet
Tue, Nov 11
USD/JPY revisits almost nine-month high near 154.50 as Japanese Yen underperforms
The USD/JPY revisits 154.40 during the European trading session on Tuesday, the highest level seen in almost nine months. The pair demonstrates strength as the Japanese Yen (JPY) faces selling pressure amid receding hopes of more interest rate hikes by the Bank of Japan (BoJ) in the near term.
Fxstreet
Tue, Nov 11
Sterling snaps four-day rising streak after jobs data
By Stefano Rebaudo Nov 11 (Reuters) - Sterling snapped a four-day rising streak as data on Tuesday showed British unemployment rose, while annual wage growth slowed slightly, bolstering expectations for a Bank of England interest rate cut next month. Yields on 2-year gilts GB2YT=RR, more sensitiv...Reuters
Tue, Nov 11
USD/JPY: Further advance is not expected to reach the major resistance at 155.00 – UOB Group
US Dollar (USD) could test 154.45 against Japanese Yen (JPY); any further advance is not expected to reach the major resistance at 155.00. In the longer run, USD is likely to trade in a range for now, likely between 153.10 and 155.00, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, Nov 11
NZD/USD: Clear break above 0.5665 is unlikely – UOB Group
There is scope for New Zealand Dollar (NZD) to test 0.5665; a clear break above this level is unlikely. In the longer run, weakness in NZD has stabilized; for the time being, it is likely to trade in a range between 0.5605 and 0.5695, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Tue, Nov 11
