News
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NZD/USD pulls back to levels near 0.5800 with the RBNZ decision eyed
The New Zealand Dollar’s rally met sellers at the 0.5845 area on Monday, and the pair is trading lower on Tuesday. The Kiwi has retraced the previous day’s gains and approaches the 0.5800 line as investors turn their focus to the RBNZ’s monetary policy decision, due on Wednesday.Fxstreet
Tue, Oct 7
EUR/USD extends decline as France political uncertainty weighs
EUR/USD is heading south for the second consecutive day on Tuesday. The pair trades near 1.1690 at the time of writing, as France's political and fiscal crisis is keeping investors away from the common currency and prompting the European Central Bank (ECB) to adopt a slightly more dovish tone.Fxstreet
Tue, Oct 7
USD/CAD Price Forecast: Consolidates around 1.3950 ahead of Fed speaks
The USD/CAD pair trades in a tight range around 1.3950 during the early European trading session on Tuesday. The Loonie pair consolidates as investors await speeches from a slew of Federal Reserve (Fed) officials scheduled in the North American.
Fxstreet
Tue, Oct 7
AUD/JPY Price Forecast: Key upside barrier emerges near 100.00, eyes on overbought RSI
The AUD/JPY cross trades on a negative note near 99.45 during the early European session on Tuesday. The Japanese Yen (JPY) recovers slightly against the Australian Dollar (AUD) after reaching its lowest since November 2024.
Fxstreet
Tue, Oct 7
EUR/JPY trades firmly near 176.00 amid Japan-France political jolts
The EUR/JPY pair demonstrates strength near the all-time high around 176.00 during Tuesday’s late Asian session, posted on Monday. The pair strengthens as the Japanese Yen (JPY) underperforms across the board since Sanae Takaichi has been elected as Prime Minister by Japan’s ruling party.
Fxstreet
Tue, Oct 7
GBP/JPY struggles to find acceptance above 203.00 and retreats slightly from YTD top
The GBP/JPY cross struggles to capitalize on its modest Asian session uptick and retreats from a fresh year-to-date peak – levels just above the 203.00 mark – touched earlier this Tuesday. `Spot prices, however, lack bearish conviction and currently trade just above mid-202.00s, down less than 0.10%
Fxstreet
Tue, Oct 7
EUR/USD weakens to near 1.1700 on fears of French political crisis
The EUR/USD pair loses ground around 1.1705 during the Asian trading hours on Tuesday. The Euro (EUR) softens against the US Dollar (USD) after France's new Prime Minister Sebastien Lecornu and his government resigned on Monday, hours after announcing his cabinet line-up.Fxstreet
Tue, Oct 7
NZD/USD retreats from 200-day SMA/two-week top; slides to 0.5830 amid USD uptick
The NZD/USD pair faces rejection near a technically significant 200-day Simple Moving Average (SMA) near the 0.5845 region, or a nearly two-week high touched the previous day, and drifts lower during the Asian session on Tuesday.Fxstreet
Tue, Oct 7
Japan finance minister warns against forex volatility as yen weakens
By Makiko Yamazaki TOKYO, Oct 7 (Reuters) - Japanese Finance Minister Katsunobu Kato said on Tuesday that the government will be vigilant for volatile movements on the currency market, as the yen slid to two-month lows past 150 to the dollar amid rising fiscal concerns."It's important for...Reuters
Tue, Oct 7
Japan's Takaichi picks ex-premier Aso as party vice president
Takaichi picks ex-finance minister Suzuki for key LDP postSome see Aso as restraining force against big spendingPolitical uncertainty keeps JGB market jitteryBy Yoshifumi Takemoto and Leika Kihara TOKYO, Oct 7 (Reuters) - Sanae Takaichi, who is expected to become Japan's next prime minister, ...Reuters
Tue, Oct 7
Silver Price Forecast: XAG/USD edges lower below $48.50 on renewed US Dollar demand
Silver price (XAG/USD) trades in negative territory near $48.45 during the Asian trading hours on Tuesday. The white metal retreats from the 14-year high as the rebound in the US Dollar (USD) weighs on the USD-denominated commodity price.Fxstreet
Tue, Oct 7
