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Aussie slips as Fed’s “hawkish cut” dashes December dovish hopes
The Australian Dollar dropped on Wednesday after the US Federal Reserve cut rates by 25 basis points but signaled that the December’s meeting remains open, after Powell said that a cut is far from a done deal. The AUD/USD trades at 0.6569, down 0.25%.
Fxstreet
Wed, Oct 29
EUR/USD tumbles as Powell delivers ‘hawkish cut,’ dials back December easing bets
EUR/USD slid on Wednesday over 0.43% as the Federal Reserve delivered a “hawkish cut” after Fed Chair Jerome Powell said that “rate cut in December is far from foregone conclusion.” At the time of writing, the pair trades near weekly lows of 1.1601 with traders eyeing monthly lows of 1.1542.
Fxstreet
Wed, Oct 29
EUR/USD slides as Fed delivers rate cut, signals end of QT
EUR/USD seesawed within the 1.1650-1.1635 range on Wednesday as the Federal Reserve cut rates by 25 basis points as expected, yet there were two dissenters at the meeting. At the time of writing, the pair trades volatile, as traders await the Fed Chair Jerome Powell press conference.Fxstreet
Wed, Oct 29
GBP/CAD tumbles to August lows as BoC signals end of easing cycle
The British Pound (GBP) continues to lose ground against the Canadian Dollar (CAD) on Wednesday as traders react to the Bank of Canada’s (BoC) “hawkish cut.” At the time of writing, GBP/CAD trades around 1.8381, hovering near its lowest level since early August and extending losses for the ninth str
Fxstreet
Wed, Oct 29
AUD/USD pares gains ahead of Fed decision, Trump-Xi meeting
AUD/USD trades around 0.6600 on Wednesday, up 0.30% on the day at the time of writing, after hitting a daily high at 0.6617 earlier in the day, but the Aussie remains capped below 0.6630, a ceiling that has contained the pair since mid-September.Fxstreet
Wed, Oct 29
JPY softens on broader tone ahead of BoJ – Scotiabank
The Japanese Yen (JPY) is entering Wednesday’s NA session with a marginal 0.1% decline against the US Dollar (USD) as it underperforms most of the G10 currencies along with its haven peer Swiss Franc (CHF), Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Wed, Oct 29
EUR steady into Fed/ECB as spread correlations strengthen – Scotiabank
The Euro (EUR) is entering Wednesday’s NA session roughly flat against the US Dollar (USD) as it recovers from minor overnight losses and finds renewed support on the back of broader trade-related sentiment, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Wed, Oct 29
GBP/JPY under pressure near 200.00 as double-top pattern signals downside risk
The British Pound (GBP) extends its decline against the Japanese Yen (JPY) on Wednesday, with the cross falling to around 200.68 — its lowest level in two weeks — as Sterling remains under broad pressure amid fiscal concerns and growing expectations of interest rate cuts in the United Kingdom (UK).
Fxstreet
Wed, Oct 29
EUR/CHF climbs to two-week high as risk-on sentiment weighs on Swiss Franc
The Euro (EUR) edges higher against the Swiss Franc (CHF) on Wednesday, with EUR/CHF advancing to a two-week high as the Franc weakens against most major peers amid improved risk appetite and fading safe-haven demand.
Fxstreet
Wed, Oct 29
USD/CAD edges lower to near 1.3940 ahead of Fed-BoC monetary policies
The USD/CAD pair ticks down to near 1.3940 during the European trading session on Wednesday. The Loonie pair trades with caution ahead of the monetary policy announcements by the Bank of Canada (BoC) and the Federal Reserve (Fed) at 13:45 GMT and 18:00 GMT, respectively.Fxstreet
Wed, Oct 29
USD/JPY might drop further to 151.30 – UOB Group
Strong momentum suggests US Dollar (USD) could drop further to 151.30; it remains to be seen if 151.00 will come into view. In the longer run, USD could weaken, but any decline is likely part of a lower range of 151.00/152.70, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Wed, Oct 29
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