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Sterling rises against dollar on Fed-BoE policy divergence
By Canan Sevgili LONDON, Sept 16 (Reuters) - Sterling gained against the dollar on Tuesday, after weaker British jobs data did not shake investors' belief that the Bank of England would keep rates steady, while the U.S. currency was under more pressure from a likely Federal Reserve rate cut.S...Reuters
15 minutes ago
RPT-COLUMN-Euro credit convergence erasing core-periphery divide: Mike Dolan
By Mike Dolan LONDON, Sept 16 (Reuters) - While France's credit rating downgrade on Friday generated politically charged headlines, the bigger surprise was Spain's upgrade which got far less attention. An even bigger story is euro credit convergence and the disappearance of the long-stand...Reuters
41 minutes ago
USD/CAD languishes below 1.3780 ahead of Canadian and US data releases
The US Dollar extends losses on Tuesday after a nearly 0.5% decline on Monday. Bears are focusing on 10-day lows, at 1.3760, with upside attempts capped below 1.3780 as the market awaits Canadian CPI and US Retail sales to frame interest rate decisions later this week.
Fxstreet
an hour ago
USD/JPY: Likely to trade in a range between 147.00 and 147.60 – UOB Group
US Dollar (USD) is likely to trade in a range between 147.00 and 147.60. In the longer run, a narrower range of 146.20/148.50 is likely enough to contain the price movements for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
an hour ago
INDIA RUPEE-Rupee firms as dollar remains on defensive ahead of expected Fed cut
By Jaspreet Kalra MUMBAI, Sept 16 (Reuters) - The Indian rupee closed stronger on Tuesday, hitting a one-week peak, as expectations of a U.S. Federal Reserve rate cut kept the dollar weak against most currencies.The rupee INR=IN closed at 88.0525 per dollar, up 0.18% on the day after touching 88....Reuters
an hour ago
NZD/USD might break above 0.5990 – UOB Group
Firmer underlying tone is likely to lead to New Zealand Dollar (NZD) trading in a higher range of 0.5955/0.5980. In the longer run, NZD could break above 0.5990; the scope for further advance may be limited, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
2 hours ago
AUD/USD: Unlikely to reach 0.6700 – UOB Group
Australian Dollar (AUD) is likely to continue to edge higher, but it is unlikely to reach 0.6700. In the longer run, the price action continues to suggest a higher AUD; the next level to watch is 0.6700, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
2 hours ago
FOREX-Dollar slides to multi-month lows ahead of Fed rate decision
Dollar sinks to 2-month low vs euro, sterling; 10-month low vs AussieFocus on Fed rate decision on WednesdayBoE announces rate decision on Thursday, Bank of Japan on FridayBy Joice Alves LONDON, Sept 16 (Reuters) - The dollar slid to a more than two-month low against sterling and the euro and a 1...Reuters
3 hours ago
Canada CPI set to move higher as markets await BoC rate cut
Statistics Canada will publish August’s inflation figures on Tuesday. The numbers will give the Bank of Canada (BoC) a fresh read on price pressure as the central bank weighs its next move on interest rates. The BoC is expected to trim the interest rate by 25 basis points to 2.50% on Wednesday.Fxstreet
3 hours ago
Pound Sterling strengthens as UK employment data meets estimates
The Pound Sterling (GBP) attracts bids against its major peers on Tuesday, reaching its highest level in more than two months against the US Dollar, after the release of the United Kingdom (UK) labor market data for the three months ending July.Fxstreet
4 hours ago
China’s yuan hits 9-year high vs dollar, while collapsing vs Europe and Japan
The yuan just climbed to its strongest level against the U.S. dollar in nine years, trading at 7.118 per dollar on Monday, according to data from CNBC. At the same time, it’s been sinking against every other major currency, setting off alarms from India to Mexico. But oh this isn’t some weird fluke,Cryptopolitan
5 hours ago
CORRECTED-FOREX-Dollar wobbles as traders eye series of Fed rate cuts
Markets see total of 81 bps of cuts by end-JanuaryDollar sinks to 2-1/2-month low vs euro, 10-month low vs AussieBoE announces rate decision on Thursday, Bank of Japan on FridayBy Kevin Buckland TOKYO, Sept 16 (Reuters) - The dollar sank to a 2-1/2-month low against the euro and a 10-month trough...Reuters
6 hours ago
USD/INR declines as US Dollar slumps, investors await US-India trade talks
The Indian Rupee (INR) rises to near 88.20 against the US Dollar (USD) on Tuesday. The USD/INR pair declines as the US Dollar underperforms its peers, with investors remaining certain that the Federal Reserve (Fed) will start the monetary-easing cycle in its policy announcement on Wednesday.Fxstreet
6 hours ago
INDIA RUPEE-Rupee ticks higher tracking Asian peers, importer activity may limit gains
By Jaspreet Kalra MUMBAI, Sept 16 (Reuters) - The Indian rupee advanced slightly on Tuesday to its strongest level in a week, tracking gains in regional currencies, as the dollar remained on the defensive amid wagers that the U.S. Federal Reserve will deliver a rate cut this week.The rupee INR=IN...Reuters
6 hours ago
