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GBP/USD steady near 1.3100 amid US holiday-shortened trading week
GBP/USD lost momentum on Monday, holding near 1.3100 as investors grapple with an extremely short week.
GBP/USD
Fxstreet
Mon, Nov 24
USD/JPY drifts higher to near 157.00 amid Japanese fiscal concerns
The USD/JPY pair edges higher to around 156.85 during the early Asian session on Tuesday. Fiscal concerns and the Bank of Japan (BoJ) rate hike uncertainty exert some selling pressure on the Japanese Yen (JPY) against the US Dollar (USD).
USD/JPY
Fxstreet
Mon, Nov 24
GBP/JPY price forecast: Gains 0.35% as yen weakens, tests 206.00
GBP/JPY trims some of last Friday’s losses, is up 0.35% as the Japanese Yen weakens despite efforts and threats by Japanese authorities, to stabilize the JPY. At the time of writing, the cross-pair trades at 205.64, after reaching a low of 204.94.
GBP/JPY
Fxstreet
Mon, Nov 24
Canadian Dollar remains defensive amid weak Crude Oil and data anticipation
The Canadian Dollar (CAD) struggled to find upward momentum against the US Dollar (USD) on Monday, churning in an uneasy holding pattern near seven-month lows.
USD/CAD
Fxstreet
Mon, Nov 24
EUR/USD advances modestly on stronger odds of Fed easing
EUR/USD treads water on Monday, registering modest gains of more than 0.10%, as the US Dollar (USD) consolidates despite dovish comments by Federal Reserve (Fed) officials. Although expectations for a rate cut increased, the pair trades at 1.1525 after hitting a daily high of 1.1550.
EUR/USD
Fxstreet
Mon, Nov 24
FX Today: US Retail Sales, Producer Prices and German GDP figures next on tap
The US Dollar (USD) added to Friday’s small pullback and flirted with the area of three-day lows as investors continued to pencil in further interest rate cuts by the Federal Reserve.
EUR/USD
US Dollar Index
Fxstreet
Mon, Nov 24
NZD/USD steadies as Fed dovish tone boosts rate cut bets, RBNZ eyed
The New Zealand Dollar (NZD) trims a portion of its earlier losses against the US Dollar (USD) on Monday, as the Greenback stalls amid rising expectations of a Federal Reserve (Fed) interest rate cut next month.
NZD/USD
Fxstreet
Mon, Nov 24
AUD/USD consolidates as China-Japan tensions, soft USD shape market
AUD/USD trades around 0.6460 on Monday at the time of writing, virtually unchanged on the day as the pair consolidates near last week’s three-month lows. The Australian Dollar (AUD) holds steady but struggles to attract fresh buying interest amid a cautious market backdrop.
AUD/USD
Fxstreet
Mon, Nov 24
GBP/USD flat with tension rising before UK budget and US data surge
The GBP/USD remains subdued during the North American session, trading unchanged at around 1.3088 as traders wait for the release of the UK’s budget amid a shortened week due to the Thanksgiving holiday in the US.
GBP/USD
Fxstreet
Mon, Nov 24
JPY soft & underperforming G10 – Scotiabank
The Japanese Yen (JPY) is soft, down a modest 0.2% against the US Dollar (USD) as it continues to trade in a manner that is completely disconnected from yield spreads and broader fundamentals, Scotiabank's FX strategists Shaun Osborne and Eric Theoret report.
USD/JPY
Fxstreet
Mon, Nov 24
USD/CAD holds near two-week highs as firm Dollar offsets rising Fed cut bets
The Canadian Dollar (CAD) trades on the back foot against the US Dollar (USD) on Monday, as the Greenback holds firm despite rising Federal Reserve (Fed) rate-cut expectations.
USD/CAD
Fxstreet
Mon, Nov 24
GBP/USD is flat ahead of Wednesday’s budget – Scotiabank
The Pound Sterling (GBP) is entering Monday’s NA session flat against the US Dollar (USD) as it attempts to consolidate its modest recovery from last week’s low, Scotiabank's FX strategists Shaun Osborne and Eric Theoret report.
GBP/USD
Fxstreet
Mon, Nov 24
EUR steadies on as-expected IFO business sentiment figures – Scotiabank
The Euro (EUR) is steady, up modest 0.2% against the US Dollar (USD) as it attempts a tentative recovery from last Friday’s low, Scotiabank's FX strategists Shaun Osborne and Eric Theoret report, Scotiabank's FX strategists Shaun Osborne and Eric Theoret report.
EUR/USD
Fxstreet
Mon, Nov 24
CAD remains soft for now – Scotiabank
The Canadian Dollar (CAD) is steady to slightly lower to start the week. CAD sentiment remains soft amid trade headwinds and anxiety over the risk backdrop, Scotiabank's FX strategists Shaun Osborne and Eric Theoret report.
USD/CAD
Fxstreet
Mon, Nov 24
EUR/GBP steady as UK Budget looms, German IFO data limits Euro gains
The Euro (EUR) eases off early highs against the British Pound (GBP) on Monday, with Sterling holding broadly steady against most major peers as investors brace for the Autumn Budget on Wednesday. At the time of writing, EUR/GBP is trading around 0.8805, drifting from an intraday high near 0.8819.
EUR/GBP
Fxstreet
Mon, Nov 24
USD/JPY: Likelihood of USD rising to 158.00 is diminishing – UOB Group
USD is likely to trade between 156.20 and 157.35. In the longer run, the likelihood of USD rising to 158.00 is diminishing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/JPY
Fxstreet
Mon, Nov 24
AUD/USD: Likely to range-trade between 0.6440 and 0.6480 – UOB Group
Australian Dollar (AUD) is likely to range-trade between 0.6440 and 0.6480. In the longer run, the price action suggests there is scope for AUD to test 0.6405, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUD/USD
Fxstreet
Mon, Nov 24
USD/JPY bounces up and nears 157.00 with BoJ intervention looming
The US Dollar retraces some of Friday’s losses and trades at 155.85 in the European midday, up from Friday’s low at 156.20. The positive risk sentiment and ongoing concerns about Japanese PM Takaichi’s expansive policies keep weighing on the Yen, which has depreciated about 7% since early October.
USD/JPY
Fxstreet
Mon, Nov 24
GBP/USD: Likely to trade between 1.3065 and 1.3125 – UOB Group
Pound Sterling (GBP) could trade between 1.3065 and 1.3125. In the longer run, there is room for GBP to test the significant support level at 1.3000, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBP/USD
Fxstreet
Mon, Nov 24
AUD/USD hits lows below 0.6450 with the China-Japan tensions weighing
The Australian Dollar is failing to draw any significant support from the positive market sentiment on Monday.
AUD/USD
Fxstreet
Mon, Nov 24
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