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USD/CAD retreats amid US Dollar weakness, Oil price drop
USD/CAD weakens on Friday, hovering around 1.4040 at the time of writing, extending its sideways consolidation since October 15. The US Dollar (USD) remains under pressure, hit by the ongoing US government shutdown and persistent trade frictions between the United States (US) and China.
Fxstreet
Fri, Oct 17
GBP/USD can potentially test 1.3530 – UOB Group
There is a chance for Pound Sterling (GBP) to test 1.3475; a continued rise above this level is unlikely. In the longer run, if GBP breaks clearly above 1.3475, it could rise further to 1.3505, potentially testing 1.3530, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, Oct 17
EUR/USD is set to rise further – UOB Group
There is room for Euro (EUR) to rise further; it remains to be seen whether it can break clearly above 1.1720. In the longer run, upward momentum is building, but EUR must close above 1.1720 before a move toward 1.1760 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, Oct 17
CEE MARKETS-Zloty off 1-month high as central Europe's currencies retreat
PRAGUE, Oct 17 (Reuters) - Central Europe's currencies pulled back on Friday, with Poland's zloty retreating from a one-month high, as a brief rally sputtered and global stock markets fell on jitters over U.S. regional lenders.Central European currencies were still on course for a weekly gai...Reuters
Fri, Oct 17
GBP/JPY falls as Yen strengthens on BoJ tightening signals, UK tax hikes
GBP/JPY drops toward 201.00 on Friday, losing 0.50% at the time of writing, as the Japanese Yen (JPY) extends its recovery, supported by growing expectations of a future rate hike by the Bank of Japan (BoJ) and by a global environment favoring safe-haven assets.
Fxstreet
Fri, Oct 17
EUR/USD rests 50-DMA after holding 1.1540 support – Société Générale
EUR/USD has rebounded from last week’s low and broken a short-term downtrend, but repeated failures around the 50-DMA underline lingering indecision. A sustained break above 1.1780/1.1820 is needed to confirm upside traction, Société Générale's FX analysts note.Fxstreet
Fri, Oct 17
Japan's top banks to jointly issue stablecoin, Nikkei says
TOKYO, Oct 17 (Reuters) - Japan's three largest banks, Mitsubishi UFJ Financial Group 8306.T, Sumitomo Mitsui Financial Group 8316.T and Mizuho Financial Group 8411.T, will jointly issue "stablecoins", digital currencies pegged to the value of real-world currencies, the Nikkei business d...Reuters
Fri, Oct 17
Pound struggles as investors flock to safe havens
By Amanda Cooper LONDON, Oct 17 (Reuters) - Sterling fell on Friday, as investors rushed to safe-haven currencies like the Swiss franc and Japanese yen in light of growing anxiety over the outlook for the U.S. economy, regional banks and global trade tensions. The pound GBP= fell 0.13% to $1.3...Reuters
Fri, Oct 17
FOREX-Dollar stumbles as investors worry over trade, US banks
Dollar index set for biggest weekly drop in three monthsSlide in bank stocks unnerves investorsSafe-haven Swiss franc and yen gainFed's Beige Book highlights rising layoffs, reduced spendingFed officials support more rate cuts amid economic weaknessBy Rocky Swift and Amanda Cooper TOKYO/LONDO...Reuters
Fri, Oct 17
AUD/USD tumbles to near 0.6450 amid US-China trade frictions
The AUD/USD pair trades 0.5% down to near 0.6450 during the European trading session on Friday. The Aussie pair faces intense selling pressure as the Australian Dollar (AUD) underperforms its peers amid growing trade frictions between the United States (US) and China.
Fxstreet
Fri, Oct 17
EUR/GBP Price Forecast: Bulls might find resistance above 0.8720
The Euro received a boost from French PM Sébastien Lecornu’s victory in two no-confidence votes on Thursday. The pair bounced up from 0.8665 and retraced Wednesday’s losses, aiming for the top of the recent range, in the area of 0.8720-0.8730.
Fxstreet
Fri, Oct 17
