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Pound Sterling trades higher against US Dollar ahead of UK budget announcement
The Pound Sterling trades 0.15% higher to near 1.3180 against the US Dollar (USD) during the European trading session on Wednesday. The GBP/USD pair gains ahead of the announcement of United Kingdom (UK) Budget Report at 12:30 GMT.
Fxstreet
4 minutes ago
RBNZ delivers hawkish cut, lifts NZD – ING
The New Zealand Dollar (NZD) strengthened after the RBNZ delivered a hawkish 25bp cut and signaled no further easing, prompting markets to price out additional rate reductions and supporting expectations of a near-term NZD/USD recovery, ING's FX analyst Francesco Pesole notes.
Fxstreet
6 minutes ago
GBP/JPY Price Analysis: Moves above 206.00 ahead of UK Autumn Budget
GBP/JPY gains nearly 0.25% after registering modest losses in the previous session, trading around 206.00 during the early European hours on Wednesday. Traders await the United Kingdom (UK) Chancellor of the Exchequer, Rachel Reeves, to deliver the Autumn Budget later in the day.
Fxstreet
46 minutes ago
Pound edges up ahead of UK budget
By Amanda Cooper LONDON, Nov 26 (Reuters) - Sterling rallied for a fifth day against a flagging dollar on Wednesday, hours before the British finance minister is expected to announce billions of pounds of tax rises as she attempts to retain the confidence of bond investors and voters.Rachel Reeve...Reuters
56 minutes ago
AUD/JPY Price Forecast: Builds on hot Australian CPI-led gains to 101.70; eyes trading range hurdle
The AUD/JPY cross gains strong positive traction in reaction to hotter Australian consumer inflation figures, which tempers bets for further rate cuts by the Reserve Bank of Australia (RBA) and boost Aussie.
Fxstreet
2 hours ago
ROI-Budget wary UK markets get Transatlantic balm: Mike Dolan
By Mike Dolan LONDON, Nov 26 (Reuters) - Britain's anxious budget process reaches its climax on Wednesday when Finance Minister Rachel Reeves releases her long-awaited plans. Yet a rallying U.S. bond market is quietly offering the UK a cushion.After months of hand-wringing about how Reeves wi...Reuters
2 hours ago
Japan ready to take 'necessary' action on forex, PM Takaichi says
By Leika KiharaTOKYO, Nov 26 (Reuters) - Japan's government stands ready to take "necessary" action in the market with a close eye on whether exchange-rate moves reflect economic fundamentals or are driven by speculative action, Prime Minister Sanae Takaichi said on Wednesday."We wil...Reuters
2 hours ago
FOREX-Yen steadies on rate hike prospect; kiwi jumps after hawkish RBNZ signal
BOJ preparing markets for possible rate hike as soon as next month - sourcesNew Zealand dollar surges on hawkish RBNZ tiltTraders anticipate December Fed cut, consider outlook for U.S. policy under new Fed chairSterling on guard ahead of UK budget announcementBy Rae Wee SINGAPORE, Nov 26 (Reuters...Reuters
2 hours ago
UK's Reeves to test faith of investors and party with tax-heavy budget
Reeves likely to announce 20-30 bln pounds of tax hikesShe promises "fair and necessary choices"Investors want to see credible measures on public financesLabour lawmakers are demanding more welfare spendingReeves expected to start speech at 1230 GMTBy William SchombergLONDON, Nov 26 (Reuters...Reuters
3 hours ago
Kiwi dollar soars as RBNZ signals it is done easing, Aussie climbs on inflation risk
Kiwi jumps 1.2%, swap rates climb as RBNZ delivers hawkish cutAussie gains 0.5%, back above 65 centsHot Australian inflation data spurs talk of rate hikeBy Stella Qiu SYDNEY, Nov 26 (Reuters) - The New Zealand dollar surged on Wednesday after its central bank cut rates but signalled it was done e...Reuters
4 hours ago
Indian Rupee opens cautiously against US Dollar despite Fed dovish bets swell
The Indian Rupee (INR) ticks lower at open against the US Dollar (USD) on Wednesday. The USD/INR pair edges up to near 89.35 as the Indian Rupee continues to underperform, with persistent US Dollar’s demand from Indian importers and in the offshore market.Fxstreet
4 hours ago
NZD/USD Price Forecast: Targets 0.5700 after breaking above nine-day EMA
NZD/USD trades higher by more than 1%, trading around 0.5690 during the Asian hours on Wednesday. The technical analysis of the daily chart signals a persistent bearish bias as the pair price remains within the descending channel pattern.Fxstreet
4 hours ago
NZ central bank signals end to easing cycle after cutting rates to over 3-year low
RBNZ signals end to easing cycle as economy shows signs of recoveryNZ dlr rises, traders reduce expectations for further rate cutsRBNZ forecasts cash rate at 2.65% by Q4 2027, indicating hawkish stanceBy Lucy Craymer AUCKLAND, Nov 26 (Reuters) - New Zealand's central bank cut its benchmark of...Reuters
5 hours ago
EUR/JPY remains range-bound below 181.00 as hawkish BoJ bets counter ECB optimism
The EUR/JPY pair struggles to capitalize on a modest intraday uptick on Wednesday and remains below the 181.00 round figure through the Asian session. Meanwhile, mixed fundamental cues keep spot prices confined in the weekly range and warrant some caution before placing aggressive directional bets.
Fxstreet
5 hours ago
FOREX-Yen rises on rate-hike prospect; kiwi jumps after RBNZ decision
BOJ preparing markets for possible rate hike as soon as next monthNew Zealand dollar surges on hawkish RBNZ tiltTraders anticipate December Fed cut, consider outlook for U.S. policy under new Fed chairSterling on guard ahead of UK budget announcementBy Rae Wee SINGAPORE, Nov 26 (Reuters) - The ye...Reuters
6 hours ago
