News
Important Only
USD/INR falls further on hopes of US-India trade deal
The Indian Rupee (INR) extends its Wednesday’s strong recovery move against the US Dollar (USD) on Thursday. The USD/INR pair slides to near 87.80 as the Indian Rupee strengthens on hopes that the United States (US) and India will reach a trade agreement soon.Fxstreet
Thu, Oct 16
Silver Price Forecast: XAG/USD retreats from record high to near $53.00 on some profit-taking
Silver price ( XAG/USD) trades in the negative territory around $53.10 during the Asian trading hours on Thursday. The white metal retreats from the all-time high of $54.86 amid some profit-taking.
Fxstreet
Thu, Oct 16
Foreign money spurs wilder twists in Japan's sedate bond yield curve
BOJ's gradual rate hikes contrast with global easingForeign investors are net buyers of long JGBsCentral bank tightening revives relative value tradeBy Junko Fujita TOKYO, Oct 16 (Reuters) - A rush of foreign money into Japan's super-long-dated bonds is creating sharper shifts in the usua...Reuters
Thu, Oct 16
USD/CAD remains below 1.4050 due to ongoing US-China trade tensions
USD/CAD extends its losses for the second successive session, trading around 1.4030 during the Asian hours on Thursday. The pair depreciates as the US Dollar (USD) struggles amid market caution, driven by the escalating United States (US)-China trade tensions, the world’s two largest economies.
Fxstreet
Thu, Oct 16
Australian dollar slips as jobs shock revives rate-cut pressure
By Wayne Cole SYDNEY, Oct 16 (Reuters) - The Australian dollar slipped on Thursday after data showed unemployment jumped to a near four-year high as jobs growth continued to slow sharply, a shock result that rekindled pressure for a near-term rate cut.The Aussie fell 0.3% to $0.6489 AUD=D3 after ...Reuters
Thu, Oct 16
NZD/USD gathers strength to near 0.5750 on fears of prolonged US government shutdown
The NZD/USD pair recovers some lost ground around 0.5740, snapping the seven-day losing streak during the Asian trading hours on Thursday. The US Dollar (USD) edges lower against the New Zealand Dollar (NZD) amid the ongoing US government shutdown.
Fxstreet
Thu, Oct 16
US buys more Argentine pesos, working on $20 billion debt facility, Bessent says
Bessent says new Argentina debt facility would bring US support to $40 billionUS purchased pesos on Wednesday morning, US Treasury chief saysBessent says IMF SDRs to back $20 billion swap line from Exchange Stabilization FundBy David Lawder WASHINGTON, Oct 15 (Reuters) - The U.S. again purchased ...Reuters
Thu, Oct 16
FOREX-Dollar soft as Sino-US trade tension weighs
Euro, yen firm amid Sino-US trade spatMarkets brace for uncertainty as havens gainFed rate cut expectations grow as US shutdown enters third weekBy Ankur Banerjee SINGAPORE, Oct 16 (Reuters) - The U.S. dollar slipped on Thursday as the Sino-U.S. trade war sapped investor sentiment, while growing ...Reuters
Thu, Oct 16
Australian Dollar declines following employment data release
The Australian Dollar (AUD) declines against the US Dollar (USD) on Thursday, retracing its recent gains from the previous session. The AUD/USD pair loses ground as the AUD struggles following the release of Australia’s employment data.
Fxstreet
Thu, Oct 16
Australia dollar slips as jobs shock rekindles calls for rate cut
SYDNEY, Oct 16 (Reuters) - The Australian dollar slipped on Thursday when data showed unemployment jumping to a near four-year high as jobs growth continued to slow sharply, a shock result that rekindled pressure for a near-term rate cut.Reuters
Thu, Oct 16
AUD/JPY slumps below 98.00 as Australian Unemployment Rate climbs to four-year high of 4.5%
The AUD/JPY cross falls to near 97.70 during the early Asian session on Thursday. The Australian Dollar (AUD) weakens against the Japanese Yen (JPY) after the release of Australia’s employment report for September. The Bank of Japan (BoJ) board member Naoki Tamura is set to speak later on Thursday.
Fxstreet
Thu, Oct 16
Japan urges G7 to stay vigilant to excessive FX volatility
Japan, US re-confirms agreement on FX policyKato says rapid yen falls seen lately, warns against volatilityHard to judge how weak yen affecting inflation recentlyBy Leika Kihara WASHINGTON, Oct 15 (Reuters) - Japan told its G7 counterparts that policymakers must be vigilant against excessively vo...Reuters
Thu, Oct 16
Greer, Bessent blast China's rare earths curbs, urge Beijing not to implement them
USTR's Greer says China's actions were repudiation of trade agreementsTreasury Secretary Bessent suggests longer US-China truce extension is possibleUS will act if China proves to be 'unreliable partner,' Bessent says By David Lawder and Andrea Shalal WASHINGTON, Oct 15 (Reuters) ...Reuters
Thu, Oct 16
