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USD/CAD Price Forecast: Hits fresh seven-month highs above 1.4100
USD/CAD continues its winning streak for the fifth consecutive day, trading around 1.4110 during the European hours on Wednesday. The technical analysis of the daily chart indicates a persistent bullish bias, with the pair moving upwards within the ascending channel pattern.
Fxstreet
Wed, Nov 5
USD/CHF stays below 0.8100 after pulling back from three-month lows
USD/CHF loses ground after five days of gain, retreating after reaching a three-month high of 0.8108 reached in the previous session. The pair is trading around 0.8090 during the European hours on Wednesday, as the US Dollar (USD) remains subdued amid the ongoing US government shutdown.
Fxstreet
Wed, Nov 5
NZD/USD steadies near 0.5650 as China lifts tariffs, NZ jobs data weak
NZD/USD remains flat after experiencing volatility, trading around 0.5650 during the early European hours on Wednesday. The pair recovers its daily losses after China’s Finance Ministry announced that it will lift some tariffs on US agricultural products starting November 10.
Fxstreet
Wed, Nov 5
EUR/JPY strengthens above 176.50 on ECB’s cautious stance
The EUR/JPY cross gains traction to around 176.55 during the early European session on Wednesday. The Euro (EUR) strengthens against the Japanese Yen (JPY) as traders expect the European Central Bank (ECB) to adopt a cautious stance in its upcoming policy meeting.
Fxstreet
Wed, Nov 5
GBP/USD posts modest gains above 1.3000, traders await US private payroll data
The GBP/USD pair posts modest gains near 1.3025 during the early European session on Wednesday, bolstered by a softer US Dollar (USD). However, the potential upside for the major pair might be limited, as UK Finance Minister Rachel Reeves hinted at broad tax rises in her budget later this month.
Fxstreet
Wed, Nov 5
USD/CAD reaches seven-month highs above 1.4100 amid lower crude Oil prices
USD/CAD continues its winning streak for the fifth consecutive day, trading around 1.4110 during the Asian hours on Wednesday. The pair gains ground as the commodity-linked Canadian Dollar (CAD) faces challenges amid weakening Oil prices.Fxstreet
Wed, Nov 5
AUD/USD remains subdued near 0.6450 following China’s RatingDog PMI data
AUD/USD continues its losing streak for the sixth consecutive session, trading around 0.6470 during the Asian hours on Wednesday. The pair remains subdued following the release of China's RatingDog Services Purchasing Managers' Index (PMI), which fell to 52.6 in October from 52.9 in September.
Fxstreet
Wed, Nov 5
EUR/USD holds gains near 1.1500 due to cautious tone over ECB policy outlook
EUR/USD halts its five-day losing streak, trading around 1.1490 during the Asian hours on Wednesday. The currency cross inches higher as the Euro (EUR) receives support as traders expect the European Central Bank (ECB) to adopt a cautious stance in its upcoming policy meeting.Fxstreet
Wed, Nov 5
USD/JPY declines to near 153.50 on growing concerns over US government shutdown
The USD/JPY pair attracts some sellers to near 153.65 during the early Asian session on Wednesday. The US Dollar (USD) edges lower against the Japanese Yen (JPY) amid growing concerns over the ongoing US government shutdown.Fxstreet
Tue, Nov 4
FX Today: Focus shifts to US ISM Services PMI, US shutdown nears a record
The US Dollar (USD) kept pushing higher on Tuesday, flirting with six-month highs as traders continued to weigh the Fed’s next move after last week’s meeting. Growing expectations that the Committee might stay on hold in December are keeping the Dollar well bid.Fxstreet
Tue, Nov 4
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