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0.6900: A key level to watch for AUD/USD amid Head and Shoulders formation
The Australian Dollar (AUD) is up 0.41% higher at around 0.6950 against the US Dollar (USD) during the European trading session on Friday. The Aussie pair strengthens as the market sentiment turns risk-on due to United States (US) Treasury Yields remaining under pressure this week.
Fxstreet
Fri, Oct 16
Japanese Yen: BoJ's Koeda reinforces tightening case – MUFG
MUFG’s Michael Wan reports that Bank of Japan (BoJ) Board Member Junko Koeda has strengthened the case for further policy tightening. Koeda emphasized upside price risks, still-accommodative financial conditions and judged the neutral rate to be well above 1%.
Fxstreet
Fri, Oct 16
EUR/USD Price Forecast: Euro stalls below 1.1240 with Eurozone Inflation data on tap
The Euro (EUR) ticks higher against the US Dollar (USD) on Friday and is on track to its first weekly gain in more than one month, as the recent pullback in US Treasury yields and dovish comments by Federal Reserve officials have undermined speculative demand for the Greenback.
Fxstreet
Fri, Oct 16
Swiss Franc edges lower despite weaker US Dollar, safe-haven demand
USD/CHF inches higher after registering nearly 1% losses in the previous day, trading around 0.8270 during Asian hours on Friday. The upside of the pair could be restrained as the US Dollar (USD) declines following recent comments from key financial leaders.
Fxstreet
Fri, Oct 16
Euro: Range-trading bias after sharp rebound against US Dollar – UOB
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann highlight that EUR/USD has rebounded strongly from 1.1112 to close at 1.1218, more than reversing the prior day’s losses. Short-term momentum looks overextended, with the pair expected to trade between 1.1180 and 1.1240 intraday.Fxstreet
Fri, Oct 16
British Pound gathers strength to near 1.3300 on Fed policy uncertainty
The GBP/USD pair gains traction to around 1.3300 during the early European trading hours on Friday. The British Pound (GBP) edges higher against the US Dollar (USD) amid hawkish remarks from Bank of England (BoE) Governor Andrew Bailey and stronger UK Gross Domestic Product (GDP) data.
Fxstreet
Fri, Oct 16
Indian Rupee gains for fifth straight day against US Dollar
The Indian Rupee (INR) continues to outperform the US Dollar (USD) on the back of weakness in the Greenback and forceful Reserve Bank of India’s (RBI) measures to curb the US Dollar’s demand by Oil Marketing Companies (OMCs).
Fxstreet
Fri, Oct 16
Canadian Dollar stands firm near two-week high vs weak USD amid bullish oil prices
The USD/CAD pair remains under some selling pressure for the second straight day on Friday, trading around the 1.4175-1.4170 region during the Asian session and close to an over two-week low set the previous day.
Fxstreet
Fri, Oct 16
EUR/JPY Price Forecast: Holds steady below 177.50, bearish technicals reinforce downside bias
The EUR/JPY cross trades on a flat note around 177.30 during the early European trading hours on Friday. Traders remain on high alert for currency intervention from Japanese authorities to prop up the Japanese Yen (JPY).
Fxstreet
Fri, Oct 16
New Zealand Dollar rises to near 0.5650 as Fed's Warsh gives no hint on October decision
The NZD/USD pair rises to around 0.5650 during the Asian trading hours on Friday. The US Dollar (USD) faces some selling pressure against the New Zealand Dollar (NZD) following remarks from Federal Reserve (Fed) Chair Kevin Warsh.
Fxstreet
Fri, Oct 16
USD/JPY Price Forecast: 157.50 pivotal support holds after Warsh's remarks
The USD/JPY pair fades an Asian session uptick to the 158.15-158.20 region, sliding back below the 158.00 mark following Federal Reserve (Fed) Chair Kevin Warsh's opening remarks at the Annual Meetings of the International Monetary Fund and World Bank Group, in Bangkok.Fxstreet
Fri, Oct 16
Euro gains as US Dollar weakens following Fed Warsh’s comments at IMF chat
EUR/USD remains stronger after posting modest gains the previous day, trading around 1.1230 during Asian hours on Friday. The currency pair inches higher as the US Dollar (USD) declines following recent comments from key financial leaders.Fxstreet
Fri, Oct 16
GBP/USD Price Forecast: Extends recovery to near 1.3300 ahead of Fed Warsh’s speech
The British Pound (GBP) is marginally higher to near 1.3285 against the US Dollar (USD) in the Asian trade on Friday, extending its Thursday’s strong recovery move. The GBP/USD pair has bounced back sharply from its fresh 10-month low of 1.3137 posted on Wednesday at the expense of the US Dollar.Fxstreet
Fri, Oct 16
Silver Price Forecast: XAG/USD rises above $57.50 amid safe-haven demand
Silver price (XAG/USD) extends its gains for the second consecutive day, trading around $57.80 per troy ounce during Asian hours on Friday. Silver prices advanced as a sharp selloff in equity markets triggered renewed safe-haven demand for precious metals.Fxstreet
Fri, Oct 16
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