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Sterling strengthens against weaker dollar, Reeves' budget plans in focus
LONDON, Oct 15 (Reuters) - The pound firmed against a broadly weaker dollar on Wednesday, as Britain's finance minister Rachel Reeves confirmed tax rises and spending cuts are on the horizon, and market focus stays on the Bank of England's rate path.The pound was up 0.2% against the dollar G...Reuters
Wed, Oct 15
Kremlin rejects Trump's assertion that BRICS targets the dollar
MOSCOW, Oct 15 (Reuters) - The Kremlin said on Wednesday that the BRICS group of nations has never targeted third countries or their currencies, rejecting U.S. President Donald Trump's assertion that the bloc was designed to undermine the dollar.Trump on Tuesday described BRICS as "an attack...Reuters
Wed, Oct 15
RPT-COLUMN-The 'phoney trade war' may be ending: Mike Dolan
By Mike Dolan LONDON, Oct 15 (Reuters) - After a period of relative calm through the Northern summer, businesses are bracing for a nervier winter, a return of trade and economic uncertainty, and higher financial market volatility to boot.In some respects, the last few months may have been a bit o...Reuters
Wed, Oct 15
GBP/USD: Likely to trade in a range between 1.3290 and 1.3365 – UOB Group
Pound Sterling (GBP) is likely to trade in a range between 1.3290 and 1.3365. In the longer run, downward momentum has slowed somewhat, but there is still a chance for GBP to decline to 1.3200, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Oct 15
USD/JPY slumps to near 151.00 as US Dollar underperforms on Fed dovish bets
The USD/JPY pair is down 0.45% to near 151.00 during the European trading session on Wednesday. The pair faces selling pressure as the US Dollar (USD) underperforms its peers, with traders remaining confident of two more interest rate cuts by the Federal Reserve (Fed) this year.
Fxstreet
Wed, Oct 15
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
FOREX-Dollar slips as traders focus on Fed cut bets, risk sentiment improves
Fed's Powell says US shutdown has not yet clouded economic pictureMarkets pricing in Fed rate cuts for both October and December Beijing sets strongest yuan fix in 11 months despite trade spatBy Kevin Buckland and Lucy Raitano TOKYO & LONDON, Oct 15 (Reuters) - The U.S. dollar slipped aga...Reuters
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
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