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EUR/JPY Price Forecast: First upside barrier emerges near 177.00
The EUR/JPY cross gains ground near 176.15 during the early European session on Thursday. The Japanese Yen (JPY) weakens against the Euro (EUR) as political uncertainty in Japan would set the stage for the Bank of Japan (BoJ) to delay raising interest rates.
EUR/JPY
Fxstreet
Thu, Oct 16
FOREX-Dollar defensive as Sino-US trade tension weighs
Sino-US trade spat leaves dollar on the back foot Markets brace for political uncertainty as havens gainFed rate cut expectations grow as US shutdown enters third weekBy Ankur Banerjee SINGAPORE, Oct 16 (Reuters) - The U.S. dollar drifted lower on Thursday as the Sino-U.S. trade war dented invest...
Reuters
Thu, Oct 16
EUR/USD rises further to near 1.1670 as US Dollar continues to decline
The EUR/USD pair extends its two-day upside move to near 1.1670 during the Asian trading session on Thursday.
EUR/USD
Fxstreet
Thu, Oct 16
USD/INR falls further on hopes of US-India trade deal
The Indian Rupee (INR) extends its Wednesday’s strong recovery move against the US Dollar (USD) on Thursday. The USD/INR pair slides to near 87.80 as the Indian Rupee strengthens on hopes that the United States (US) and India will reach a trade agreement soon.
Fxstreet
Thu, Oct 16
GBP/JPY trades with positive bias above mid-202.00s ahead of UK macro data
The GBP/JPY cross turns positive for the second straight day following an Asian session dip to sub-202.00 levels and climbs to a fresh daily top in the last hour.
GBP/JPY
Fxstreet
Thu, Oct 16
Silver Price Forecast: XAG/USD retreats from record high to near $53.00 on some profit-taking
Silver price ( XAG/USD) trades in the negative territory around $53.10 during the Asian trading hours on Thursday. The white metal retreats from the all-time high of $54.86 amid some profit-taking.
Silver
Fxstreet
Thu, Oct 16
Bessent says yen will find its own level if Bank of Japan follows 'proper' policy
WASHINGTON, Oct 15 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Wednesday the yen will find its own level if the Bank of Japan follows "proper monetary policy."
USD/JPY
Reuters
Thu, Oct 16
Foreign money spurs wilder twists in Japan's sedate bond yield curve
BOJ's gradual rate hikes contrast with global easingForeign investors are net buyers of long JGBsCentral bank tightening revives relative value tradeBy Junko Fujita TOKYO, Oct 16 (Reuters) - A rush of foreign money into Japan's super-long-dated bonds is creating sharper shifts in the usua...
Reuters
Thu, Oct 16
USD/CAD remains below 1.4050 due to ongoing US-China trade tensions
USD/CAD extends its losses for the second successive session, trading around 1.4030 during the Asian hours on Thursday. The pair depreciates as the US Dollar (USD) struggles amid market caution, driven by the escalating United States (US)-China trade tensions, the world’s two largest economies.
USD/CAD
Fxstreet
Thu, Oct 16
Australian dollar slips as jobs shock revives rate-cut pressure
By Wayne Cole SYDNEY, Oct 16 (Reuters) - The Australian dollar slipped on Thursday after data showed unemployment jumped to a near four-year high as jobs growth continued to slow sharply, a shock result that rekindled pressure for a near-term rate cut.The Aussie fell 0.3% to $0.6489 AUD=D3 after ...
Reuters
Thu, Oct 16
India Morning Newsletter, October 16
To access a PDF version of this newsletter, please click hereIf you would like to receive this newsletter via email, please register at:https://solutions.lseg.com/MNCIndia-SubscriptionpageFor an index of our newsletters click on NEWSL
Reuters
Thu, Oct 16
Japanese Yen strengthens amid safe-haven demand; USD/JPY under pressure on weaker USD
The Japanese Yen (JPY) remains on the front foot against its American counterpart for the third consecutive day and climbs to an over one-week high during the Asian session on Thursday.
USD/JPY
Fxstreet
Thu, Oct 16
NZD/USD gathers strength to near 0.5750 on fears of prolonged US government shutdown
The NZD/USD pair recovers some lost ground around 0.5740, snapping the seven-day losing streak during the Asian trading hours on Thursday. The US Dollar (USD) edges lower against the New Zealand Dollar (NZD) amid the ongoing US government shutdown.
NZD/USD
Fxstreet
Thu, Oct 16
US buys more Argentine pesos, working on $20 billion debt facility, Bessent says
Bessent says new Argentina debt facility would bring US support to $40 billionUS purchased pesos on Wednesday morning, US Treasury chief saysBessent says IMF SDRs to back $20 billion swap line from Exchange Stabilization FundBy David Lawder WASHINGTON, Oct 15 (Reuters) - The U.S. again purchased ...
Reuters
Thu, Oct 16
FOREX-Dollar soft as Sino-US trade tension weighs
Euro, yen firm amid Sino-US trade spatMarkets brace for uncertainty as havens gainFed rate cut expectations grow as US shutdown enters third weekBy Ankur Banerjee SINGAPORE, Oct 16 (Reuters) - The U.S. dollar slipped on Thursday as the Sino-U.S. trade war sapped investor sentiment, while growing ...
Reuters
Thu, Oct 16
Australian Dollar declines following employment data release
The Australian Dollar (AUD) declines against the US Dollar (USD) on Thursday, retracing its recent gains from the previous session. The AUD/USD pair loses ground as the AUD struggles following the release of Australia’s employment data.
AUD/USD
Fxstreet
Thu, Oct 16
Australia dollar slips as jobs shock rekindles calls for rate cut
SYDNEY, Oct 16 (Reuters) - The Australian dollar slipped on Thursday when data showed unemployment jumping to a near four-year high as jobs growth continued to slow sharply, a shock result that rekindled pressure for a near-term rate cut.
AUD/USD
Reuters
Thu, Oct 16
AUD/JPY slumps below 98.00 as Australian Unemployment Rate climbs to four-year high of 4.5%
The AUD/JPY cross falls to near 97.70 during the early Asian session on Thursday. The Australian Dollar (AUD) weakens against the Japanese Yen (JPY) after the release of Australia’s employment report for September. The Bank of Japan (BoJ) board member Naoki Tamura is set to speak later on Thursday.
AUD/JPY
Fxstreet
Thu, Oct 16
Japan urges G7 to stay vigilant to excessive FX volatility
Japan, US re-confirms agreement on FX policyKato says rapid yen falls seen lately, warns against volatilityHard to judge how weak yen affecting inflation recentlyBy Leika Kihara WASHINGTON, Oct 15 (Reuters) - Japan told its G7 counterparts that policymakers must be vigilant against excessively vo...
Reuters
Thu, Oct 16
PBOC sets USD/CNY reference rate at 7.0968 vs. 7.1021 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.0968 compared to the previous day's fix of 7.0995 and 7.1186 Reuters estimate.
USD/CNH
Fxstreet
Thu, Oct 16
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