News
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South Korea says Nvidia, Hyundai Motor to create $3 billion AI joint venture
GYEONGJU, South Korea, Oct 31 (Reuters) - U.S. chipmaker Nvidia NVDA.O and South Korean automaker Hyundai Motor Group 005380.KS plan to invest $3 billion to create a joint venture on "physical" artificial intelligence, South Korea's presidential office said at a briefing on Friday.Reuters
Fri, Oct 31
Global central banks converge towards rate cut caution
Most non-US cbanks hold rates on inflation, trade challengesSNB maintains 0% rate, inflation exceeds forecastBank of Canada cuts rates, signals end to easingBy Naomi Rovnick and Alun John LONDON, Oct 31 (Reuters) - The U.S. Federal Reserve has moved back into line with other major rate setters af...Reuters
Fri, Oct 31
USD/CAD Price Forecast: Tests 1.4000 barrier after breaking above nine-day EMA
USD/CAD extends its gains for the second successive session, trading around 1.3990 during the early European hours on Friday. The technical analysis of the daily chart indicates a price consolidation, with the USD/CAD pair rebounding from the lower boundary of its rectangle pattern.
Fxstreet
Fri, Oct 31
FOREX-Yen strengthens as finance minister says watching FX moves
U.S.-China trade deal, tech sector earnings cloud currency pathTokyo CPI hotter than expected at 2.8% Euro nudges higher after ECB holds interest ratesBy Gregor Stuart Hunter SINGAPORE, Oct 31 (Reuters) - The yen regained its footing against the U.S. dollar in Asian trading on Friday after Ja...Reuters
Fri, Oct 31
USD/INR moves higher due to US-China trade optimism, receding Fed dovish bets
The Indian Rupee (INR) trades lower against the US Dollar (USD) after a flat opening on Friday. The USD/INR pair rises to near 88.85 as the US Dollar (USD) trades broadly firm due to receding Federal Reserve (Fed) dovish bets, and improving trade relations between the United States (US) and China.Fxstreet
Fri, Oct 31
EUR/JPY holds steady above 178.00, remains close to record high touched on Thursday
The EUR/JPY cross attracts some dip-buyers near the 177.85 area during the Asian session on Friday, and for now, it seems to have stalled its modest pullback from the all-time peak, touched the previous day.
Fxstreet
Fri, Oct 31
Aussie succumbs to dollar strength, but gains on kiwi
SYDNEY, Oct 31 (Reuters) - The Australian and New Zealand dollars extended losses on Friday, falling under the broad strength of the U.S. dollar, as markets pared back the chance of a rate cut from the Federal Reserve in December. The Aussie AUD=D3 slipped 0.1% to $0.6548 after skidding 0.3% overnig...Reuters
Fri, Oct 31
Yuan set for third monthly gain - albeit a tiny one - on US-China trade truce
By Jiaxing Li HONG KONG, Oct 31 (Reuters) - The yuan on Friday morning looked poised to mark a third consecutive monthly gain, albeit by a slim margin of 0.1%, with the previous day's trade truce between the U.S. and China underpinning investor sentiment. The Chinese currency CNY=CFXS retreat...Reuters
Fri, Oct 31
