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Japan's shift to cashless society prods BOJ call for payment innovation
Japan's cashless payment ratio hits 42.8% in 2024BOJ policymakers call for action to keep settlements attractiveCBDC could become critical infrastructure in Japan, Uchida saysNo guarantee central bank currency will retain key settlement statusBy Leika Kihara TOKYO, June 11 (Reuters) - Bank of...Reuters
Wed, Jun 11
EUR/GBP sits near one-month peak, comfortably above mid-0.8400s amid rising BoE rate cut bets
The EUR/GBP cross touched a one-month high, around the 0.8465-0.8470 region during the Asian session on Wednesday, though it lacks follow-through buying. The fundamental backdrop, however, suggests that the path of least resistance for spot prices is to the upside.
Fxstreet
Wed, Jun 11
AUD/JPY clings to gains near 94.50 as investors doubt BoJ’s rate hike plans
The AUD/JPY pair holds onto four-day rally to near 94.50 during Asian trading hours on Wednesday. The cross exhibits strength as investors start doubting over whether the Bank of Japan (BoJ) will raise interest rates again this year.
Fxstreet
Wed, Jun 11
EUR/JPY Price Forecast: Retains bullish bias above 165.50
The EUR/JPY cross posts modest gains near 165.50 during the early European session on Tuesday. The Japanese Yen (JPY) softens against the Euro (EUR) amid the improved risk sentiment as positive developments from US-China trade talks undermine the JPY's safe-haven status.
Fxstreet
Wed, Jun 11
EUR/USD holds losses near 1.1400 due to easing tariff tensions between US, China
EUR/USD loses ground after registering gains in the previous two consecutive sessions, trading around 1.1400 during the Asian hours on Wednesday. The pair depreciates as the US Dollar receives support from easing tariff tensions between the United States (US) and China.
Fxstreet
Wed, Jun 11
USD/INR refreshes weekly low even as US-China signals to ease export controls
The Indian Rupee (INR) posts a fresh weekly high near 85.47 against the US Dollar (USD) in the opening session on Wednesday. The US Dollar trades calmly after the White House signaled a positive outcome from the two-day meeting between trade negotiators from the United States and China in London.Fxstreet
Wed, Jun 11
GBP/USD extends downside below 1.3500 ahead of US CPI release
The GBP/USD pair extends the decline to around 1.3475 during the Asian trading hours on Wednesday. The Pound Sterling (GBP) weakens against the US Dollar (USD) due to a weaker UK employment report. Later on Wednesday, the attention will shift to the US May Consumer Price Index (CPI) inflation.
Fxstreet
Wed, Jun 11
FOREX-Dollar, yuan steady after US, China reach framework deal to ease export curbs
Dollar steady after U.S.-China trade framework agreementU.S. Commerce Secretary Lutnick confirms trade truce back on trackInvestors await U.S. inflation report, 10-year bond auction Sterling steady as UK to unveil multi-year spending plans By Johann M Cherian June 11 (Reuters) - The dollar an...Reuters
Wed, Jun 11
Silver Price Forecast: XAG/USD maintains position above $36.50 near 13-year highs
Silver price (XAG/USD) holds ground after registering over a 0.50% loss in the previous session, trading around $36.60 per troy ounce during the Asian hours on Wednesday. The price of the grey metal maintains a position near a 13-year high of $36.89, which was reached on Monday.
Fxstreet
Wed, Jun 11
Australia, New Zealand dollars slip after US and China agree trade framework
SYDNEY, June 11 (Reuters) - The Australian and New Zealand dollars slipped on Wednesday after the U.S. and China agreed on the framework of a deal aimed at easing trade tension, an outcome markets had largely priced in after days of positive messaging.The Aussie AUD=D3 eased 0.2% to $0.6509, having ...Reuters
Wed, Jun 11
Australian Dollar loses ground as US Dollar advances amid improving US-China dialogue
The Australian Dollar (AUD) declines against the US Dollar (USD) on Wednesday, retracing its recent gains. However, the AUD/USD pair may gain ground amid easing trade tensions between the United States (US) and China.
Fxstreet
Wed, Jun 11
FOREX-Dollar holds steady after US, China reach framework deal to ease export curbs
Dollar steady after U.S.-China trade framework agreementU.S. Commerce Secretary Lutnick confirms trade truce back on trackInvestors await U.S. inflation report for Fed policy clues June 11 (Reuters) - The dollar was steady against its major peers on Wednesday, after U.S. and China agreed on a fra...Reuters
Wed, Jun 11
USD/CAD flat lines above 1.3650 as investors track US-China trade talk progress, US CPI data
The USD/CAD pair holds steady near 1.3670 during the early Asian session on Wednesday. Easing trade tension between the United States (US) and China could underpin the US Dollar (USD). Investors will closely monitor the result of the US-China trade talks.
Fxstreet
Wed, Jun 11
GBP/USD softens after UK data miss, US CPI still in the barrel
GBP/USD took a step lower on Tuesday, falling under the weight of a wide miss in UK wages and unemployment figures. US Consumer Price Index (CPI) inflation data is in the barrel for Wednesday, and Cable traders are set to grapple with mid-tier UK trade data later in the week.Fxstreet
Wed, Jun 11
NZD/USD strengthens to near 0.6050 as traders await outcome of US-China trade talk
The NZD/USD pair trades in positive territory near 0.6055 during the early Asian session on Wednesday. Hopes that trade talks between the United States (US) and China were going well provide some support to the China-proxy New Zealand Dollar (NZD).
Fxstreet
Tue, Jun 10
