News
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Silver Price Forecast: XAG/USD holds above $49.00 despite improving market sentiment
Silver price (XAG/USD) extends gains for the second successive session, trading around $49.20 per troy ounce during the Asian hours on Monday. The upside of the Silver price could be restrained amid improving market sentiment as US Senate appeared on track to pass a deal to reopen the government.
Fxstreet
Mon, Nov 10
Australian dollar climbs on US shutdown hopes, hits 12-year high on kiwi
SYDNEY, Nov 10 (Reuters) - The Australian dollar climbed on Monday amid hopes that the U.S. government shutdown may end, while still hawkish commentary from a top central banker helped it extend a bullish run against the kiwi to new 12-year highs. The Aussie is often traded as a proxy for global ris...Reuters
Mon, Nov 10
USD/CAD trades lower to near 1.4030 amid talks to end US federal shutdown
The USD/CAD pair trades 0.12% lower to near 1.4030 during the Asian trading session on Monday. The Loonie pair faces selling pressure as the Canadian Dollar (CAD) broadly outperforms its peers, except antipodeans, following the release of the upbeat Canada labour market data for October on Friday.
Fxstreet
Mon, Nov 10
GBP/USD weakens to near 1.3150 as US Senate reaches deal to extend government funding
The GBP/USD pair loses traction to near 1.3150, snapping the three-day losing streak during the early Asian session on Monday. The US Dollar (USD) strengthens against the Pound Sterling (GBP) amid positive signs that the record-breaking US government shutdown may end.
Fxstreet
Mon, Nov 10
EUR/USD falls to near 1.1550 as US government shutdown nears resolution
EUR/USD depreciates after three days of losses, trading around 1.1550 during the Asian hours on Monday. The pair loses ground as the US Dollar (USD) receives support after Bloomberg reported the record-breaking US government shutdown is nearing an end.
Fxstreet
Mon, Nov 10
FOREX-Dollar steady as growth worries tempered by hopes shutdown may end soon
U.S. Senate prepares vote to fund government through JanuaryDollar had weakened during previous three sessionsYen slips on signs Takaichi government may water down fiscal consolidationBy Gregor Stuart Hunter SINGAPORE, Nov 10 (Reuters) - The U.S. dollar held firm in early Asian trading on Monday ...Reuters
Mon, Nov 10
USD/JPY gains ground above 153.50 on BoJ rate hike uncertainty
The USD/JPY pair trades in positive territory near 153.70 during the early Asian session on Monday. The Japanese Yen (JPY) retreats from an over one-week high amid the uncertainty over the timing of the next interest rate hike by the Bank of Japan (BoJ).
Fxstreet
Sun, Nov 9
Italy's banks back digital euro, want costs spread over time
FLORENCE, Italy, Nov 8 (Reuters) - Italian banks support the European Central Bank's digital euro project but want investments required by them to implement it to be staggered over time because the costs are high, a top official of the Italian Banking Association (ABI) said.The ECB has been work...Reuters
Sat, Nov 8
Amazon takes low-cost e-commerce service global
By Arriana McLymore Nov 7 (Reuters) - Amazon.com AMZN.O on Friday said it expanded the reach of its low-cost e-commerce service Amazon Bazaar, known as Haul in the U.S., to 14 additional markets. The standalone app is part of a push to compete with Chinese rivals including Shein and PDD Holdings&...Reuters
Fri, Nov 7
FOREX-Dollar ends week lower amid Fed outlook, US government shutdown
Dollar set for weekly loss against euro and yenMarkets overreacting to labor market hints, Jefferies saysWeak Chinese trade data may spell trouble for the euro zoneYen still seen as the leading defensive hedgeBy Hannah Lang and Chibuike Oguh NEW YORK, Nov 7 (Reuters) - The U.S. dollar fell agains...Reuters
Fri, Nov 7
Fed's Miran: Stablecoin adoption could put downward pressure on interest rates
Stablecoin adoption may lower Fed's short-term rates, Miran saysStablecoins boost dollar's dominance, increase demand for US Treasury billsMiran compares stablecoin impact to past global savings affecting US ratesBy Michael S. DerbyNEW YORK, Nov 7 (Reuters) - Federal Reserve Governor Stephen...Reuters
Fri, Nov 7
CANADA FX DEBT-Canadian dollar snaps daily losing streak after surprise jobs gain
Canadian dollar gains 0.3% against the greenbackFor the week, the loonie weakens 0.5%Economy adds 66,600 jobs in OctoberCanada-U.S. 10-year spread narrows 6.8 basis pointsBy Fergal Smith TORONTO, Nov 7 (Reuters) - The Canadian dollar strengthened against its U.S. counterpart on Friday, clawing ba...Reuters
Fri, Nov 7
EUR/USD Price Forecast: Euro regains strength, nears key resistance around 1.1600
The Euro (EUR) extends its rebound against the US Dollar (USD) on Friday, building on renewed weakness in the Greenback. At the time of writing, EUR/USD is trading near 1.1575, its highest level since October 30.Fxstreet
Fri, Nov 7
GBP/USD hovers around 1.3150 as US shutdown dampens households’ sentiment
GBP/USD clings to minimal gains on Friday amid the lack of economic data releases in the UK and as markets digest scarce economic data as the US government shutdown continues. The pair trades at 1.3148, up 0.10% after hitting a daily low of 1.3094.Fxstreet
Fri, Nov 7
FOREX-Dollar on track for nearly flat week amid Fed outlook, China trade data
Dollar lower after soft jobs data Markets overreacting to labor market hints, Jefferies saysWeak Chinese trade data may spell trouble for the euro zoneYen still seen as the leading defensive hedgeBy Hannah Lang and Stefano Rebaudo Nov 7 (Reuters) - The U.S. dollar was set to end the week roughly ...Reuters
Fri, Nov 7
USD/CAD retreats as strong Canada jobs data lift the Loonie
The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on Friday, snapping a six-day losing streak after stronger-than-expected labor market data signaled resilience in Canada’s economy. At the time of writing, USD/CAD is trading around 1.4064, down nearly 0.35% on the day.Fxstreet
Fri, Nov 7
