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USD/MXN tests resistance as momentum turns positive – Société Générale
USD/MXN has rebounded from its 18.20 low but continues to face resistance at the 50-DMA. A break above 18.65 is needed to confirm an extended recovery, while failure to clear it could invite renewed downside pressure, Société Générale's FX analysts note.
Fxstreet
Wed, Oct 15
Pound Sterling rises despite escalating BoE dovish bets, UK GDP data eyed
The Pound Sterling (GBP) trades higher against a majority of its currency peers on Wednesday. The British Pound gains even as traders have raised bets supporting more interest rate cuts by the Bank of England (BoE) in the remaining year.
Fxstreet
Wed, Oct 15
EUR/JPY Price Forecast: Holds losses near 176.00 near nine-day EMA support
EUR/JPY depreciates after registering little gains in the previous session, hovering around 176.00 during the European trading hours on Wednesday. The technical analysis of the daily chart indicates a bullish revival as the currency cross remains within the ascending channel pattern.
Fxstreet
Wed, Oct 15
EUR/GBP weakens to near 0.8700, French government plans to postpone pension reforms
The EUR/GBP cross drifts lower to around 0.8705 during the early European session on Wednesday. The Euro (EUR) remains weak against the Pound Sterling (GBP) after France’s President Emmanuel Macron reappointed Sébastien Lecornu as Prime Minister.
Fxstreet
Wed, Oct 15
GBP/USD rises to near 1.3350 due to rising Fed rate cut bets
GBP/USD recovers its losses registered in the previous two successive sessions, trading around 1.3350 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) declines on the increased likelihood of further rate cuts by the Federal Reserve (Fed) in 2025.Fxstreet
Wed, Oct 15
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