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Forex Today: US Dollar struggles on resurfacing growth concerns
Here is what you need to know on Friday, November 14:
Fxstreet
Fri, Nov 14
FOREX-Dollar poised for weekly loss as markets sail into data fog
Dollar falls as investors fret about weakening U.S. economyMarkets split on Fed cut in DecemberSterling slips after FT report Starmer and Reeves ditching plans to raise income tax ratesBy Rae Wee and Tom Westbrook SINGAPORE, Nov 14 (Reuters) - The dollar headed for a weekly fall on Friday as inve...
Reuters
Fri, Nov 14
Dollar headed for weekly loss on worries of what clearing US data fog might show
Dollar falls as investors fret about weakening U.S. economyMarkets split on Fed cut in DecemberSterling slips after FT report Starmer and Reeves ditching plans to raise income tax ratesBy Rae Wee SINGAPORE, Nov 14 (Reuters) - The dollar was on shaky ground on Friday and headed for a weekly fall, ...
Reuters
Fri, Nov 14
Silver Price Forecast: XAG/USD gains above 52.50 due to rising US data uncertainty
Silver price (XAG/USD) retraces its recent losses from the previous session, trading around $52.70 per troy ounce during the Asian hours on Friday. The attracts buyers
Silver
Fxstreet
Fri, Nov 14
USD/CHF struggles near 0.7920 even as traders trim dovish Fed bets
The USD/CHF pair ticks down to near 0.7920 during the late Asian trading session on Friday. The Swiss Franc pair struggles to gain ground after revisiting an over three-week low of 0.7910 posted on Thursday.
USD/CHF
Fxstreet
Fri, Nov 14
AUD/JPY Price Forecast: Maintains bullish outlook above 100.50
The AUD/JPY cross trades in negative territory near 100.85 during the early European session on Friday.
AUD/JPY
Fxstreet
Fri, Nov 14
EUR/JPY hits fresh record high, trades just below 180.00 ahead of Eurozone GDP
The EUR/JPY cross scales higher for the sixth consecutive day – also marking the seventh day of a positive move in the previous eight – and touches a fresh record high during the Asian session on Friday.
EUR/JPY
Fxstreet
Fri, Nov 14
USD/INR ticks lower amid caution ahead of US economic data releases
The Indian Rupee (INR) ticks up against the US Dollar (USD) at open on Friday. The USD/INR pair edges lower to near 88.85 as the US Dollar extends its downside.
Fxstreet
Fri, Nov 14
USD/CAD stays below 1.4050 as Oil gains, US data concerns persist
USD/CAD inches lower after registering gains in the previous session, trading around 1.4020 during the Asian hours on Friday. The pair remains subdued as the commodity-linked Canadian Dollar (CAD) receives support from higher Oil prices.
USD/CAD
Fxstreet
Fri, Nov 14
Australia, NZ dollars rebound after setback, still headed for weekly gains
Kiwi up 0.5% on better local data, bounces off 12-yr lows vs AussieBoth set for weekly gains even after sliding overnightAussie bond yields up 40 bps in three weeks; RBA is expected to be done easing SYDNEY, Nov 14 (Reuters) - The Australian and New Zealand dollars rebounded on Friday, clawing ba...
Reuters
Fri, Nov 14
GBP/USD slips near 1.3150 as UK government drops plans to raise tax rates
GBP/USD retraces its recent gains from the previous session, trading around 1.3150 during the Asian hours on Friday. The pair depreciates as the Pound Sterling (GBP) declines amid rising concerns over fiscal discipline and political stability in the United Kingdom (UK).
GBP/USD
Fxstreet
Fri, Nov 14
EUR/USD flat lines below mid-1.1600s; bulls await move beyond 50-day SMA amid weaker USD
The EUR/USD pair is seen oscillating in a narrow range during the Asian session on Friday and consolidating its recent strong gains to an over two-week high, touched the previous day.
EUR/USD
Fxstreet
Fri, Nov 14
NZD/USD holds positive ground above 0.5650 after mixed Chinese data
The NZD/USD pair holds positive ground around 0.5675 during the Asian trading hours on Friday. The New Zealand Dollar (NZD) remains firm against the US Dollar (USD) after the release of the Chinese October Retail Sales and Industrial Production reports.
NZD/USD
Fxstreet
Fri, Nov 14
Japanese Yen struggles amid BoJ uncertainty; USD/JPY holds steady below nine-month high
The Japanese Yen (JPY) oscillates in a narrow band against its American counterpart during the Asian session on Friday and remains close to a nine-month low, touched the previous day.
USD/JPY
Fxstreet
Fri, Nov 14
South Korea says US to provide chip tariff terms no less favourable than for Taiwan
SEOUL, Nov 14 (Reuters) - The United States has agreed to apply terms to South Korea for semiconductor tariffs that are no less favourable than for Taiwan, South Korea's top presidential policy adviser said on Friday.Kim Yong-beom, the adviser, said that countries had also agreed that the timing...
Reuters
Fri, Nov 14
Australian Dollar remains stronger following key economic data from China
The Australian Dollar (AUD) advances against the US Dollar (USD) on Friday, recovering losses registered in the previous session. The AUD/USD pair gains ground following the release of China’s Industrial Production and Retail Sales data for October.
AUD/USD
Fxstreet
Fri, Nov 14
PBOC sets USD/CNY reference rate at 7.0825 vs. 7.0865 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Friday at 7.0825 compared to the previous day's fix of 7.0865 and 7.0964 Reuters estimate.
USD/CNH
Fxstreet
Fri, Nov 14
FOREX-Dollar slumps on worries of what clearing US data fog might show
Dollar falls as investors fret about weakening U.S. economyMarkets split on Fed cut in DecemberSterling slips after FT report Starmer and Reeves ditching plans to raise income tax ratesBy Rae Wee SINGAPORE, Nov 14 (Reuters) - The dollar struggled to claw back steep losses on Friday and was on tra...
Reuters
Fri, Nov 14
When are the China Retail Sales, Industrial Production and how could they affect AUD/USD?
The National Bureau of Statistics of China (NBS) will publish its data for October at 02.00 GMT. Retail Sales is expected to show an increase of 2.7% year-over-year (YoY) in October, compared to 3.0% in the previous reading.
AUD/USD
Fxstreet
Fri, Nov 14
GBP/USD bulls struggle as UK tax plans and weak data weigh
GBP/USD caught a brief bullish slant to Thursday’s trading window, with Cable traders brushing off a worse-than-expected Gross Domestic Product (GDP) growth print from the third quarter.
GBP/USD
Fxstreet
Thu, Nov 13
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