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Pound Sterling continues to decline as weak UK data prompts BoE dovish bets
The Pound Sterling (GBP) underperforms its major currency peers, except the Japanese Yen (JPY), on Wednesday. The British currency faces selling pressure amid growing expectations that the Bank of England (BoE) will resume its monetary expansion cycle at the December meeting.
Fxstreet
Wed, Nov 12
USD/CAD flat lines near 1.4000 on hopes over US shutdown deal, Fed rate cut bets
The USD/CAD pair trades on a flat note near 1.4010 during the early European session on Wednesday. Private-sector US jobs data stoked worries about labour market weakness, which could weigh on the US Dollar (USD) against the Canadian Dollar (CAD) in the near term.
Fxstreet
Wed, Nov 12
AUD/NZD hovers around 1.1550 following cautious remarks from RBA’s Hauser
AUD/NZD remains flat after registering more than 0.25% losses in the previous session, trading around 1.1550 during the Asian hours on Wednesday. The currency cross remains near 1.1590, the highest since September 2013, reached on November 10.
Fxstreet
Wed, Nov 12
AUD/JPY Price Forecast: Constructive outlook remains intact near 110.00
The AUD/JPY cross gains ground to around 100.90 during the early European session on Wednesday. The Bank of Japan (BoJ) has been reluctant to commit to further interest rate hikes on the back of Japan's Prime Minister Sanae Takaichi's pro-stimulus stance.
Fxstreet
Wed, Nov 12
USD/CHF trades cautiously near 0.8000 as Fed dovish speculation intensifies
The USD/CHF pair trades with caution around 0.8000 during the late Asian trading session on Wednesday. The Swiss Franc pair faces selling pressure as the US Dollar (USD) falls on the back foot amid growing expectations that the Federal Reserve (Fed) could cut interest rates again this year.
Fxstreet
Wed, Nov 12
NZD/USD Price Forecast: Seems vulnerable while below 200-hour SMA hurdle near 0.5670
The NZD/USD pair meets with a fresh supply during the Asian session on Wednesday and now seems to have snapped a two-day winning streak, to the 0.5670 region, or a nearly one-week top touched the previous day.
Fxstreet
Wed, Nov 12
USD/INR rises at open ahead of India’s retail inflation data
The Indian Rupee (INR) opens on a weak note against the US Dollar (USD) on Wednesday. The USD/INR pair rises to near 88.80 as the Indian Rupee underperforms ahead of the release of India’s Consumer Price Index (CPI) data for October at 10:30 GMT.Fxstreet
Wed, Nov 12
GBP/USD moves below 1.3150 as traders expect BoE rate cut in December
GBP/USD extends its losses for the second successive day, trading around 1.3140 during the Asian hours on Wednesday. The pair depreciates as the Pound Sterling (GBP) struggles amid growing expectations that the Bank of England (BoE) will cut interest rates in December.Fxstreet
Wed, Nov 12
EUR/USD remains near 1.1600 as ECB holds steady, Fed easing eyed
EUR/USD remains steady after five days of gains, trading around 1.1580 during the Asian hours on Wednesday. The pair may continue its winning streak as the Euro (EUR) could further gain amid a cautious tone surrounding the European Central Bank (ECB) policy outlook.Fxstreet
Wed, Nov 12
USD/CAD holds gains above 1.4000 as US government shutdown nears end
USD/CAD edges higher after three days of losses, trading around 1.4010 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) gains support from the ongoing process to reopen the United States (US) government.Fxstreet
Wed, Nov 12
Japanese Yen languishes near multi-month low against USD amid BoJ uncertainty
The Japanese Yen (JPY) continues its struggle to attract any meaningful buyers during the Asian session on Wednesday and languishes near the lowest level since February 13, touched against its American counterpart the previous day.
Fxstreet
Wed, Nov 12
Australian Dollar declines as US Dollar gains amid nearing government shutdown end
The Australian Dollar (AUD) weakens against the US Dollar (USD) on Wednesday, extending its losses for the second successive session. The AUD/USD pair declines as the US Dollar (USD) gains support from the ongoing process to reopen the United States (US) government.
Fxstreet
Wed, Nov 12
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