News
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GBP/USD Price Forecast: Stands firm near mid-1.3400s, seems poised to climb further
The GBP/USD pair gains positive traction for the third consecutive day on Friday and moves further away from its lowest level since early August, around the 1.3250-1.3245 region touched earlier this week.
Fxstreet
Fri, Oct 17
USD/CAD softens below 1.4050 as US government shutdown continues
The USD/CAD pair loses ground near 1.4040 during the Asian trading hours on Friday. The US Dollar (USD) softens against the Canadian Dollar (CAD) as global trade tensions and signs of weakening in the US economy bolster the case for further rate cuts by the Federal Reserve (Fed).
Fxstreet
Fri, Oct 17
FOREX-Dollar set for weekly slide as trade, shutdown concerns weigh
Dollar index set for biggest weekly drop in three monthsInvestors turn to gold, cryptocurrency as dollar weakensFed's Beige Book highlights rising layoffs, reduced spendingFed officials support more rate cuts amid economic weaknessBy Rocky Swift TOKYO, Oct 17 (Reuters) - The dollar remained o...Reuters
Fri, Oct 17
Silver Price Forecast: XAG/USD tumbles to near $53.50 on profit-taking
Silver price (XAG/USD) slumps to near $53.65 during the Asian trading hours on Friday. The white metal retreats from a record high of $54.86 in the previous session. However, the potential downside for Silver might be limited amid robust safe-haven demand and US interest rate expectations.
Fxstreet
Fri, Oct 17
Australian Dollar steadies as traders adopt caution due to ongoing US-China feud
The Australian Dollar (AUD) moves little against the US Dollar (USD) on Friday, after registering losses in the previous session. The AUD/USD pair may lose ground as the AUD could struggle due to escalating United States (US)-China trade tensions.
Fxstreet
Fri, Oct 17
NZD/USD gains ground above 0.5700 on Fed’s dovish remarks
The NZD/USD pair trades in positive territory near 0.5730 during the early Asian session on Friday. The ongoing US government shutdown and expectations of US interest rate cuts drag the US Dollar (USD) lower against the New Zealand Dollar (NZD).
Fxstreet
Fri, Oct 17
Australia, NZ dollars take collateral damage in rush from risk
Aussie skids on safe-haven Swissy, yen Market narrows odds on RBA rate cut in NovemberRBNZ seen easing despite likely jump in Q3 CPI By Wayne Cole SYDNEY, Oct 17 (Reuters) - The Australian and New Zealand dollars were on the defensive on Friday as concerns over U.S. credit losses bruised risk se...Reuters
Fri, Oct 17
USD/JPY softens below 150.50 on Fed rate cut bets, ongoing US government shutdown
The USD/JPY pair loses ground to near 150.30 during the early Asian session on Friday. The US Dollar (USD) weakens against the Japanese Yen (JPY) as traders assess the prospects for US rate cuts and the impact on the economy of a protracted US shutdown.Fxstreet
Thu, Oct 16
Brazil's central bank to auction up to $1 billion with repurchase deal on Oct. 20
SAO PAULO, Oct 16 (Reuters) - Brazil's central bank will offer up to $1 billion in U.S. dollars through two auctions with repurchase agreements on October 20, the monetary authority said in a statement on Thursday.The simultaneous auctions aim to roll over contracts maturing on November 4, and w...Reuters
Thu, Oct 16
Bank of Japan chief signals need for more data in deciding October move
Ueda says no big gap between current, past views on global outlookGlobal growth resilient but tariff impact expected, Ueda saysBOJ to keep raising rates if growth, prices move as projectedUeda drops few hints on whether BOJ could hike rates in OctoberBy Leika Kihara WASHINGTON, Oct 16 (Reuters) -...Reuters
Thu, Oct 16
FOREX-Dollar dented by simmering trade tensions, rate cut bets
China-US trade spat leaves dollar on back footDollar extends losses against yen after BOJ official commentsFrance’s political drama barely dents euroAussie drops after employment dataBy Chibuike Oguh and Stefano Rebaudo NEW YORK, Oct 16 (Reuters) - The U.S. dollar fell, on track for a third conse...Reuters
Thu, Oct 16
CANADA FX DEBT-Canadian dollar edges lower as oil hits five-month low
Loonie weakens 0.1% against US dollarHome sales fall 1.7% in SeptemberPrice of oil settles 1.4% lowerBond yields ease across the curveBy Fergal Smith TORONTO, Oct 16 (Reuters) - The Canadian dollar edged lower against its U.S. counterpart on Thursday as oil prices fell and investors worried about...Reuters
Thu, Oct 16
Bank of Japan will raise rates if forecasts seem to be materializing, Ueda says
WASHINGTON, Oct 16 (Reuters) - Bank of Japan Governor Kazuo Ueda said on Thursday the central bank will raise interest rates if the likelihood of its growth and price forecasts materializing increases.Ueda said in a press conference that his assessment of the global and U.S. economies has not change...Reuters
Thu, Oct 16
