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AUD/USD slides further to near 0.6560 as US Dollar extends rally
The AUD/USD pair trades 0.2% lower to near 0.6560 during the European trading session on Wednesday. The Aussie pair extends its Tuesday’s downside move as the US Dollar (USD) continues to outperforms its peers, following political developments in Japan and France.
Fxstreet
Wed, Oct 8
Silver Price Forecast: XAG/USD jumps to 14-year high above $48.50 amid Fed cut bets and US turmoil
Silver price (XAG/USD) rises to around $48.65 during the early European trading hours on Wednesday. The white metal edges higher to near the 14-year high amid mounting expectations of Federal Reserve (Fed) rate cuts and the ongoing US government shutdown.
Fxstreet
Wed, Oct 8
NZD/USD Price Forecast: Extends dovish RBNZ-inspired fall below mid-0.5700s, six-month low
The NZD/USD pair extends the previous day's sharp retracement slide from levels just above mid-0.5800s, or a nearly two-week high, and attracts heavy selling for the second straight day on Wednesday.
Fxstreet
Wed, Oct 8
GBP/USD loses momentum below 1.3400, BoE Pill's speech and FOMC Minutes in focus
The GBP/USD pair loses ground near 1.3390 during the early European session on Wednesday. The Pound Sterling (GBP) edges lower against the Greenback amid rising expectations that the Bank of England (BoE) will cut interest rates one more time in the remainder of the year.Fxstreet
Wed, Oct 8
USD/CHF revisits monthly high slightly above 0.8000 as US Dollar trades firmly
The USD/CHF pair revisits the monthly high around 0.8010 during the Asian trading session on Wednesday. The Swiss Franc pair strengthens as the US Dollar (USD) extends its upside despite the United States (US) government shutdown entering its second week.
Fxstreet
Wed, Oct 8
AUD/JPY Price Forecast: Holds gains above 100.00, overbought RSI warrants caution for bulls
The AUD/JPY cross extends its upside to around 100.05 during the early European session on Wednesday. The Japanese Yen (JPY) faces some selling pressure against the Australian Dollar (AUD) as traders assess the likely policy stance of Japan’s next Prime Minister, Sanae Takaichi.
Fxstreet
Wed, Oct 8
EUR/USD weakens below 1.1650 as French political crisis deepens
The EUR/USD pair attracts some sellers to around 1.1620 during the Asian trading hours on Wednesday. The Euro (EUR) weakens against the US Dollar (USD) amid fears of a political crisis in France. The FOMC Minutes will take center stage later on Wednesday.Fxstreet
Wed, Oct 8
Japanese Yen weakens further as Takaichi's policy expectations cloud BoJ rate hike outlook
The Japanese Yen (JPY) adds to its heavy weekly losses amid worries that more expansionary fiscal policy from Japan's incoming first female Prime Minister, Sanae Takaichi, could further complicate the task facing the Bank of Japan (BoJ).
Fxstreet
Wed, Oct 8
USD/JPY gathers strength above 151.50 as BoJ rate hike uncertain
The USD/JPY pair rises to near 151.85 during the early Asian session on Wednesday. The Japanese Yen (JPY) reached its weakest level since February against the US Dollar (USD) after Sanae Takaichi’s surprise win as the new leader of Japan’s ruling Liberal Democratic Party (LDP).Fxstreet
Tue, Oct 7
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