News
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FOREX-Euro, yen slide for third straight day versus US dollar on political jitters
Dollar gains against euro, yen on political developmentsSpot gold breaks $4,000 as safe havens find buyersAnalysts question the pricing of the Fed easing pathKiwi dollar tumbles as RBNZ surprises with 50 basis point cutBy Stefano Rebaudo and Gregor Stuart Hunter Oct 8 (Reuters) - The euro and the...Reuters
Wed, Oct 8
Silver Price Forecast: XAG/USD jumps to 14-year high above $48.50 amid Fed cut bets and US turmoil
Silver price (XAG/USD) rises to around $48.65 during the early European trading hours on Wednesday. The white metal edges higher to near the 14-year high amid mounting expectations of Federal Reserve (Fed) rate cuts and the ongoing US government shutdown.
Fxstreet
Wed, Oct 8
COLUMN-Europe's ageing burden far less than US or China: Mike Dolan
By Mike DolanLONDON, Oct 8 (Reuters) - Graying Europe has long been considered an outlier in global demographics - but the rising cost to its governments in terms of bills for pensions and healthcare are more manageable than assumed and less than in rival economies in America and China.In a detailed...Reuters
Wed, Oct 8
FOREX-Dollar breaks out as yen weakens, kiwi tumbles on RBNZ
Dollar gains against euro, yen on political developmentsKiwi dollar tumbles as RBNZ surprises with 50 basis point cutSpot gold breaks $4,000 as safe havens find buyersBy Gregor Stuart Hunter SINGAPORE, Oct 8 (Reuters) - The U.S. dollar surged to its strongest level against the yen in almost eight...Reuters
Wed, Oct 8
NZD/USD Price Forecast: Extends dovish RBNZ-inspired fall below mid-0.5700s, six-month low
The NZD/USD pair extends the previous day's sharp retracement slide from levels just above mid-0.5800s, or a nearly two-week high, and attracts heavy selling for the second straight day on Wednesday.
Fxstreet
Wed, Oct 8
GBP/USD loses momentum below 1.3400, BoE Pill's speech and FOMC Minutes in focus
The GBP/USD pair loses ground near 1.3390 during the early European session on Wednesday. The Pound Sterling (GBP) edges lower against the Greenback amid rising expectations that the Bank of England (BoE) will cut interest rates one more time in the remainder of the year.
Fxstreet
Wed, Oct 8
USD/CHF revisits monthly high slightly above 0.8000 as US Dollar trades firmly
The USD/CHF pair revisits the monthly high around 0.8010 during the Asian trading session on Wednesday. The Swiss Franc pair strengthens as the US Dollar (USD) extends its upside despite the United States (US) government shutdown entering its second week.
Fxstreet
Wed, Oct 8
AUD/JPY Price Forecast: Holds gains above 100.00, overbought RSI warrants caution for bulls
The AUD/JPY cross extends its upside to around 100.05 during the early European session on Wednesday. The Japanese Yen (JPY) faces some selling pressure against the Australian Dollar (AUD) as traders assess the likely policy stance of Japan’s next Prime Minister, Sanae Takaichi.
Fxstreet
Wed, Oct 8
EUR/USD weakens below 1.1650 as French political crisis deepens
The EUR/USD pair attracts some sellers to around 1.1620 during the Asian trading hours on Wednesday. The Euro (EUR) weakens against the US Dollar (USD) amid fears of a political crisis in France. The FOMC Minutes will take center stage later on Wednesday.Fxstreet
Wed, Oct 8
Japanese Yen weakens further as Takaichi's policy expectations cloud BoJ rate hike outlook
The Japanese Yen (JPY) adds to its heavy weekly losses amid worries that more expansionary fiscal policy from Japan's incoming first female Prime Minister, Sanae Takaichi, could further complicate the task facing the Bank of Japan (BoJ).
Fxstreet
Wed, Oct 8
FOREX-Dollar rallies as US shutdown drags on, weighing on confidence
Dollar gains against euro, yen on political developmentsKiwi dollar tumbles as RBNZ surprises with 50 basis point cutSpot gold breaks $4,000 as safe havens find buyersBy Gregor Stuart Hunter SINGAPORE, Oct 8 (Reuters) - The U.S. dollar rose to its strongest in more than two months in early Asian ...Reuters
Wed, Oct 8
New Zealand dollar skids to six-month low as central bank slashes rates
By Wayne Cole SYDNEY, Oct 8 (Reuters) - The New Zealand dollar slid to a six-month low on Wednesday after the country's central bank cut its cash rate by an aggressive 50 basis points and left the door open to easing yet more as the economy struggles.The Reserve Bank of New Zealand slashed ra...Reuters
Wed, Oct 8
Dollar rallies as US shutdown drags on, weighing on confidence
SINGAPORE, Oct 8 (Reuters) - The U.S. dollar rose to its strongest levels in six weeks in early Asian trading on Wednesday as risks around the U.S. government shutdown intensified, sparking fresh investor worries and boosting demand for safe haven assets.The dollar index =...Reuters
Wed, Oct 8
