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Pound Sterling consolidates against US Dollar at the start of UK-US inflation week
The Pound Sterling (GBP) trades flat around 1.3425 against the US Dollar (USD) during the European trading session on Monday. The GBP/USD pair struggles for a direction, while the US Dollar (USD) stabilizes on easing trade frictions between the United States (US) and China.
Fxstreet
Mon, Oct 20
USD/CAD Price Forecast: Rises toward 1.4050 due to potential for bullish reversal
USD/CAD inches higher after registering losses in the previous session, trading around 1.4030 during the European hours on Monday. The technical analysis of the daily chart suggests a bullish reversal as the pair is attempting a rebound within the ascending channel pattern.
Fxstreet
Mon, Oct 20
EUR/USD wavers directionless amid a moderate risk-on mood
EUR/USD remains practically flat on Monday's early European opening, trading at 1.1665 at the moment of writing. The pair bounced at 1.1650 earlier on the day, favoured by a somewhat brighter market mood on signs of easing tensions between the US and China, but it is lacking upside momentum.
Fxstreet
Mon, Oct 20
EUR/USD strengthens above 1.1650, budget uncertainty might cap gains
The EUR/USD pair gains traction near 1.1670 during the early European session on Monday. The Euro (EUR) strengthens against the US Dollar (USD) amid improved risk sentiment. However, elevated budget uncertainty in France might cap the upside for the major pair.Fxstreet
Mon, Oct 20
NZD/USD sticks to stronger NZ CPI/China data-inspired gains; remains below mid-0.5700s
The NZD/USD pair gains some positive traction at the start of a new week following the release of the latest consumer inflation figures from New Zealand. Spot prices, however, lack follow-through buying and remain below mid-0.5700s through the Asian session.
Fxstreet
Mon, Oct 20
USD/INR opens lower at the start of holiday-shortened week in India
The Indian Rupee (INR) opens on a slightly positive note against the US Dollar (USD) at the start of the holiday-shortened week on Monday. Indian currency markets will remain closed on Tuesday and Wednesday on account of Diwali Laxmi Pujan and Balipratipada, respectively.
Fxstreet
Mon, Oct 20
EUR/JPY Price Forecast: Clings to bullish stance above 175.50
The EUR/JPY cross edges higher to near 175.65 during the early European session on Monday. The Japanese Yen (JPY) softens against the Euro (EUR) as the dovish Sanae Takaichi is poised to become the first female Prime Minister.
Fxstreet
Mon, Oct 20
AUD/JPY strengthens above 98.00 as Takaichi poised to become first female Prime Minister
The AUD/JPY cross gains ground to around 98.10 during the Asian trading hours on Monday. The Japanese Yen (JPY) weakens against Australian Dollar (AUD) amid renewed concerns about Japan’s fiscal health.
Fxstreet
Mon, Oct 20
Australian Dollar remains stronger following PBoC interest rate decision
The Australian Dollar (AUD) advances against the US Dollar (USD) on Monday, extending its gains for the second consecutive trading day. The AUD/USD pair remains stronger after the People’s Bank of China (PBOC) decided to keep its interest rates unchanged.
Fxstreet
Mon, Oct 20
NZD/USD gathers strength above 0.5700 after New Zealand’s CPI inflation data
The NZD/USD pair gathers strength to near 0.5730 during the early Asian session on Monday. The New Zealand Dollar (NZD) edges higher against the US Dollar (USD) after the release of consumer price inflation data.Fxstreet
Sun, Oct 19
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