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EUR/GBP flat lines below 0.8750 as traders brace for German IFO Survey release
The EUR/GBP cross trades on a flat note near 0.8735 during the early European trading hours on Wednesday. However, the concerns over the economic downturn in France, the second-largest economy within the Eurozone, could weigh on the Euro (EUR) against the Pound Sterling (GBP).
Fxstreet
Wed, Sep 24
Russian finance ministry proposes raising VAT to 22% from 20% from 2026
MOSCOW, Sept 24 (Reuters) - The Russian finance ministry said on Wednesday it was proposing to raise the rate of value-added tax (VAT) to 22% from 20% from 2026 in order to balance the 2026 state budget and fund military expenditure. The ministry said in a statement it had also proposed other tax in...Reuters
Wed, Sep 24
FOREX-Dollar steadies after Powell reiterates caution over further easing
Fed Chair Powell emphasizes delicate balance between jobs and inflationAussie firms as hot headline CPI spurs slight reduction in easing betsNZ dollar steady after Riksbank's Anna Breman named as next RBNZ chiefYen drifts lower as traders assess candidates for Japanese prime ministerBy Kevin Buc...Reuters
Wed, Sep 24
New Zealand names Riksbank's Anna Breman as central bank governor
Breman praised RBNZ's global reputation and staff dedicationBreman is first female RBNZ governorNew governor faces challenges with government criticism and economic downturnBy Lucy Craymer WELLINGTON, Sept 24 (Reuters) - New Zealand on Wednesday named Swedish national Anna Breman as its new c...Reuters
Wed, Sep 24
AUD/JPY adds to stronger Australian CPI-led gains, hits fresh weekly top around 98.00
The AUD/JPY cross rebounds sharply from the 97.20 area, or a two-week low touched during the Asian session on Wednesday, following the release of monthly consumer inflation figures from Australia.
Fxstreet
Wed, Sep 24
EUR/JPY Price Forecast: Positive bias prevails, key upside barrier emerges near 175.00
The EUR/JPY cross posts modest gains near 174.50 during the early European trading hours on Wednesday. The Japanese Yen (JPY) softens against the Euro (EUR) after the latest S&P Global flash Japan Manufacturing Purchasing Managers' Index (PMI) fell at the fastest pace in six months in September.
Fxstreet
Wed, Sep 24
USD/INR strengthens as FIIs outflow, US H-1B visa fees hike weigh on Indian Rupee
The Indian Rupee (INR) refreshes its all-time low around 89.10 against the US Dollar (USD) at open on Wednesday. The USD/INR pair trades in uncharted territory as an absence of a breakthrough in trade discussions between India and the United States (US) over the bilateral trade agreement and the annFxstreet
Wed, Sep 24
USD/CHF trades calmly around 0.7920, SNB’s interest rate policy comes under spotlight
The USD/CHF pair trades broadly calm around 0.7920 during the late Asian session on Tuesday. The Swiss Franc pair consolidates as the US Dollar (USD) wobbles after Federal Reserve (Fed) Chair Jerome Powell signaled caution on interest rate cuts amid growing risks to the dual mandate.Fxstreet
Wed, Sep 24
GBP/USD softens to near 1.3500 on weaker UK PMI data
The GBP/USD pair loses ground to near 1.3510 during the early European session on Wednesday. The Pound Sterling (GBP) weakens against the US Dollar (USD) on downbeat UK S&P Global Purchasing Managers’ Index (PMI) data for September.
Fxstreet
Wed, Sep 24
EUR/USD weakens below 1.1800 ahead of German IFO survey release
The EUR/USD pair edges lower to around 1.1800, snapping the two-day winning streak during the Asian trading hours on Wednesday. The downtick of the major pair is pressured by a rebound in the US Dollar (USD) after the Federal Reserve (Fed) Chair Jerome Powell’s speech.Fxstreet
Wed, Sep 24
