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USD/CAD posts modest gains above 1.4000 on lower crude oil prices
The USD/CAD pair posts modest gains near 1.4030 during the Asian trading hours on Friday. The potential upside for the Greenback might be limited as traders ramped up bets for further monetary easing from the US Federal Reserve (Fed) next month.
EUR/USD steady around 1.1600 as subdued trade highlights Dollar pressure
EUR/USD is flat on Thursday amid thin trading liquidity conditions as US markets are closed for Thanksgiving. Still expectations that the Federal Reserve might reduce borrowing costs keep the Greenback pressured, with the Euro poised to end the week with gains. The pair trades at 1.1596.Fxstreet
Thu, Nov 27
FX Today: Focus shifts to inflation data in Japan and Germany
The US Dollar (USD) navigated an inconclusive range near recent lows, as volatility remained scarce and trade conditions thin in light of the Thanksgiving Day holiday on Thursday. In the meantime, expectations for another rate cut by the Federal Reserve in December remained well in place.
Fxstreet
Thu, Nov 27
AUDUSD Price Forecast: Momentum improves as AUDUSD tests the 50- and 100-day SMA cluster
The Australian Dollar (AUD) remains on the front foot against the US Dollar (USD) on Thursday, as traders lean into expectations that the Reserve Bank of Australia (RBA) will keep policy steady at its December meeting while maintaining a hawkish bias.Fxstreet
Thu, Nov 27
USD/JPY Price Forecast: Uptrend remains intact despite early signs of bullish exhaustion
The Japanese Yen trims part of its earlier recovery against the US Dollar on Thursday as the Greenback shows resilience in muted, holiday-thinned trading. At the time of writing, USD/JPY is hovering around 156.30, edging higher modestly after briefly touching a daily low of 155.73.Fxstreet
Thu, Nov 27
EUR/JPY steady as ECB minutes support Euro, Yen pressured by fiscal concerns
EUR/JPY trades around 181.25 on Thursday at the time of writing, as the market digests a mild boost for the Euro (EUR) from the latest European Central Bank (ECB) Accounts alongside a still-challenging backdrop for the Japanese Yen (JPY).Fxstreet
Thu, Nov 27
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