News
Important Only
FOREX-Dollar's struggles deepen as traders focus on Fed cut bets
Fed's Powell says US shutdown has not yet clouded economic pictureMarkets pricing in Fed rate cuts for both October and December Beijing sets strongest yuan fix in 11 months despite trade spatBy Kevin Buckland TOKYO, Oct 15 (Reuters) - The U.S. dollar dropped against a basket of peers on Wedn...Reuters
Wed, Oct 15
INDIA RUPEE-Rupee perks up as strong central bank intervention whacks bearish wagers
By Jaspreet Kalra MUMBAI, Oct 15 (Reuters) - The Indian rupee rallied sharply in early trade on Wednesday, as heavy-handed intervention by the central bank prompted traders to unwind bearish wagers on the currency, boosting the local unit to a near one-month high.The rupee INR=IN rose to 87.9250 ...Reuters
Wed, Oct 15
EUR/GBP weakens to near 0.8700, French government plans to postpone pension reforms
The EUR/GBP cross drifts lower to around 0.8705 during the early European session on Wednesday. The Euro (EUR) remains weak against the Pound Sterling (GBP) after France’s President Emmanuel Macron reappointed Sébastien Lecornu as Prime Minister.
Fxstreet
Wed, Oct 15
Yuan firms on strong PBOC fixing despite US-Sino tensions
HONG KONG, Oct 15 (Reuters) - The yuan firmed against the U.S. dollar on Wednesday as Beijing signaled its commitment to currency stability despite mounting domestic economic pressures and simmering U.S.-China trade tensions.
Reuters
Wed, Oct 15
GBP/USD rises to near 1.3350 due to rising Fed rate cut bets
GBP/USD recovers its losses registered in the previous two successive sessions, trading around 1.3350 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) declines on the increased likelihood of further rate cuts by the Federal Reserve (Fed) in 2025.
Fxstreet
Wed, Oct 15
USD/CHF drops to near 0.8000 as US Dollar slides further
The USD/CHF pair falls to near 0.8000 during the late Asian trading session on Wednesday. The Swiss Franc pair faces selling pressure as the US Dollar (USD) extends its downside, following comments from Federal Reserve (Fed) officials signaling the need for more interest rate cuts.
Fxstreet
Wed, Oct 15
AUD/JPY Price Forecast: Bullish tone prevails, first upside barrier emerges near 99.50
The AUD/JPY cross holds steady near 98.50 during the early European trading hours on Wednesday. Renewed trade tensions between the US and China, and persistent geopolitical tension might underpin safe-haven currencies like the Japanese Yen (JPY) and cap the upside for the cross.
Fxstreet
Wed, Oct 15
USD/INR tumbles at open on possible RBI’s intervention
The Indian Rupee (INR) advances significantly at open against the US Dollar (USD) on Wednesday. The USD/INR pair posts a fresh three-week low near 88.10 as the US Dollar extended its weakness, with Federal Reserve (Fed) dovish expectations returning under the spotlight.Fxstreet
Wed, Oct 15
EUR/USD strengthens above 1.1600 as Fed’s Powell keeps door open for rate cuts
The EUR/USD pair gains ground to near 1.1620 during the Asian trading hours on Wednesday. The US Dollar (USD) softens against the Euro (EUR) after remarks from Federal Reserve (Fed) Chair Jerome Powell bolstered wagers on an interest rate cut this month.Fxstreet
Wed, Oct 15
New Zealand dollar under pressure as bond yields slide
SYDNEY, Oct 15 (Reuters) - The New Zealand dollar was pinned near six-month lows on Wednesday as the country's central bank reiterated it remained open to more rate cuts after a jumbo move last week, sending local bond yields to multi-year lows.The kiwi edged up 0.1% to $0.5720 NZD=D3, having hi...Reuters
Wed, Oct 15
INDIA RUPEE-Rupee to ride relief wave on dovish Powell cooling dollar heat
By Nimesh VoraMUMBAI, Oct 15 (Reuters) - The Indian rupee is poised to open a touch firmer on Wednesday, taking comfort from a softer dollar after U.S. Federal Reserve Chair Jerome Powell struck a dovish tone that reinforced bets more interest rate cuts were on the way. The one-month non-deliver...Reuters
Wed, Oct 15
