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USD/JPY drifts lower to near 155.05 on Fed rate cut expectations, US PCE inflation data in focus
The USD/JPY pair remains weak near 155.05 during the early Asian session on Friday. Rising bets for a rate cut by the US Federal Reserve (Fed) next week and weaker US economic data weigh on the US Dollar (USD) against the Japanese Yen (JPY).
Fxstreet
Fri, Dec 5
AUD/USD holds steady above 0.6600; remains close to two-month high ahead of US PCE data
The AUD/USD pair enters a bullish consolidation phase during the Asian session on Friday and oscillates in a range around the 0.6600 round figure, just below a nearly two-month high, touched the previous day.
Fxstreet
Fri, Dec 5
REUTERS NEXT-Syria's growth accelerates as sanctions ease, refugees return, central bank chief says
Syrian central bank chief says economy growing faster than World Bank 1% estimateU.S. repeal of 'Caesar' sanctions to foster correspondent bank relationships, Husrieh saysSyria to launch new currency in eight denominations, lop off two zeroesCentral bank to end seven decades of government de...Reuters
Fri, Dec 5
CORRECTED-REUTERS NEXT-Syria's growth accelerates as sanctions ease, refugees return, central bank chief says
Syrian central bank chief says economy growing faster than World Bank 1% estimateU.S. repeal of 'Caesar' sanctions to foster correspondent bank relationships, Husrieh saysSyria to launch new currency in eight denominations, lop off two zeroesCentral bank to end seven decades of government de...Reuters
Thu, Dec 4
FOREX-Dollar set to snap 9-day losing streak; yen near 2-1/2 week high
Dollar index higher on day but rate cut bets weigh US weekly jobless claims at lowest level in more than three yearsYen supported by rate hike expectationsBitcoin takes breather, slips 2%By Saqib Iqbal Ahmed NEW YORK, Dec 4 (Reuters) - The U.S. dollar edged up against a basket of currencies on Th...Reuters
Thu, Dec 4
CORRECTED-Precision manufacturing firm Reko's Q1 net income rises
OverviewReko fiscal Q1 sales decline 11.6% due to lower volumes and project timingNet income for fiscal Q1 rises 336.4% due to favorable foreign exchange and tax benefitsCompany repurchased 24,200 shares and repaid C$2.7 mln mortgage, maintaining strong cash positionOutlookReko remains focused on st...Reuters
Thu, Dec 4
CANADA FX DEBT-Canadian dollar steadies near five-week high ahead of jobs data
Loonie touches its strongest since October 29Price of oil increases 1.5%Bond yields increase across the curveBy Fergal Smith TORONTO, Dec 4 (Reuters) - The Canadian dollar touched a five-week high against its U.S. counterpart on Thursday before giving back its gains, as oil prices rose and ahead ...Reuters
Thu, Dec 4
Brazil's trade surplus falls 13% in November, nearly in line with estimates
SAO PAULO, Dec 4 (Reuters) - Brazil's trade surplus fell 13.4% in November from the same month last year, official data showed on Thursday, landing almost in line with economists' estimates. Latin America's largest economy posted a $5.8 billion trade surplus for November, compared to the...Reuters
Thu, Dec 4
EUR/USD softens after eight-day rally ahead of key US PCE and Eurozone data
The Euro (EUR) trades slightly lower against the US Dollar (USD) on Mondayweighed down by a modest uptick in the Greenback. At the time of writing, the pair is hovering near 1.1659, snapping an eight-day winning streak after briefly climbing to its highest level since October 17 earlier in the day.
Fxstreet
Thu, Dec 4
IMF says Argentina needs more ambitious reserve accumulation policies
Dec 4 (Reuters) - Argentina's monetary and foreign exchange policies will need to support a stronger accumulation of reserves to facilitate the country's access to international capital markets, the International Monetary Fund said on Thursday."Monetary and FX policies will need to suppo...Reuters
Thu, Dec 4
FOREX-Dollar extends weakness; yen at 2-1/2 week high
Rate cut bets weigh on dollarUS weekly jobless claims at lowest level in more than three yearsYen supported by rate hike expectationsBitcoin takes breather, slips 1%By Saqib Iqbal Ahmed NEW YORK, Dec 4 (Reuters) - The U.S. dollar edged lower, extending its recent bout of weakness, as investors br...Reuters
Thu, Dec 4
AUD/USD hits highest since October as speculation of a hawkish RBA builds
The Australian Dollar extends gains against the US Dollar on Thursday as markets scale back expectations of additional rate cuts by the Reserve Bank of Australia (RBA). At the time of writing, AUD/USD is trading around 0.6622, its strongest level since October 7.Fxstreet
Thu, Dec 4
IMF says Argentina needs more ambitious reserve accumulation policies
Dec 4 (Reuters) - Argentina's monetary and foreign exchange policies will need to support a stronger accumulation of reserves to facilitate the country's access to international capital markets, the International Monetary Fund said on Thursday."Monetary and FX policies will need to suppo...Reuters
Thu, Dec 4
GBP/USD shrugs off strong labor data as traders stay committed to Fed easing
Sterling rises during the North American session even though US jobs data suggests that the labor market remains solid but expectations that the Federal Reserve will cut rates, remained higher. At the time of writing, the GBP/USD trades at 1.3367, up 0.12%.Fxstreet
Thu, Dec 4
Silver Price Forecast: RSI divergence emerges as XAG/USD eases after hitting record highs
Silver (XAG/USD) trades on the back foot on Thursday as bulls take a breather and book partial profits after the metal climbed to record highs near $58.98 on Wednesday. At the time of writing, XAG/USD is trading around $56.87, down roughly 2.77% on the day.
Fxstreet
Thu, Dec 4
