News
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USD/CAD stays sideways below 1.3500 after US inflation, Canadian GDP data
The USD/CAD continues to range below the psychological resistance of 1.3500, in Friday’s New York session, despite the release of the United States (US) Personal Consumption Expenditure inflation (PCE) report for August, suggesting that inflation is on track to return to bank’s target of 2%.
Fxstreet
Fri, Sep 27
GBP/JPY weakens after Takaichi defeat removes impediment to rate hikes
GBP/JPY declines by almost one and a half percentage points to trade in the 191.50s on Friday after the news that former Japanese defense minister Shigeru Ishiba beat his opponent Sanae Takaichi to win the ruling-LDP party’s leadership race run-off.
Fxstreet
Fri, Sep 27
EUR/USD slides below 1.1150 as soft French, Spain inflation weighs on Euro
EUR/USD slumps below 1.1150 in Friday’s European session. The major currency pair faces sharp selling pressure as the Euro (EUR) declines after the flash French Consumer Price Index (CPI) (EU Norm) and the Spain Harmonized Index of Consumer Prices (HICP) data showed that price pressures grew at a slower-than-expected pace in September.Fxstreet
Fri, Sep 27
Mexican Peso weakens further after Banxico decision to cut interest rates
The Mexican Peso (MXN) fluctuates between tepid gains and losses in its major pairs on Friday, a day after the Bank of Mexico (Banxico) policy meeting at which the bank decided to cut interest rates by 25 basis points (0.25%), bringing the official cash rate down to 10.50% from 10.75% previously.
Fxstreet
Fri, Sep 27
