News
Important Only
EUR/USD: Upward pressure expected – UOB
UOB analysts Quek Ser Leang and Lee Sue Ann suggest that the Euro against the US Dollar is facing mild upward pressure and could test higher levels. The report indicates a potential advance to 1.1840, although the resistance at 1.1860 is unlikely to be breached.
Fxstreet
33 minutes ago
FOREX-Yen strengthens as intervention risk trips up Takaichi trade
Japanese currency reverses earlier weakness, snaps six-day losing streakAuthorities in Tokyo reiterate warnings on yen volatilityU.S. dollar faces busy week ahead of data releasesBy Gregor Stuart Hunter SINGAPORE, Feb 9 (Reuters) - The yen strengthened in Asian trading on Monday after Japanese Pr...Reuters
35 minutes ago
GBP/USD Price Forecast: Holds medium-term bullish bias above 1.3600
The GBP/USD pair trades on a softer note around 1.3605 during the early European session on Monday. Growing expectation of the Bank of England’s (BoE) interest-rate cut weighs on the Pound Sterling (GBP) against the Greenback.
Fxstreet
2 hours ago
EUR/USD Price Forecast: Hovers around nine-day EMA above 1.1800
EUR/USD remains in the positive territory after registering modest gains in the previous session, trading around 1.1820 during the Asian hours on Monday. The 14-day Relative Strength Index (RSI) momentum indicator at 54 (neutral) is edging higher, signaling improving momentum.Fxstreet
2 hours ago
USD/CAD posts modest gains near 1.3650 amid mixed Canadian jobs data
The USD/CAD pair posts modest gains around 1.3660 during the early European session on Monday. Traders weigh mixed Canadian January employment data. Key US labor market data will be the highlight later on Wednesday.
Fxstreet
2 hours ago
USD/INR weakens as Indian Rupee rises on US-India trade framework
USD/INR depreciates as the Indian Rupee (INR) finds support from the United States (US)–India interim trade framework. New Delhi and Washington on Friday unveiled an interim framework aimed at lowering tariffs, reshaping energy ties, and deepening economic cooperation.Fxstreet
3 hours ago
Australia, NZ dollars extend gains as stocks rally, yen weak
SYDNEY, Feb 9 (Reuters) - The Australian and New Zealand dollars extended their gains on Monday as global stocks bounced sharply from the recent selloff and precious metals recovered, with flows out of the Japanese yen also providing support.The Aussie AUDJPY=R hit a new 36-year peak of 110.7 yen, a...Reuters
3 hours ago
CORRECTED-FOREX-Yen strengthens as intervention risk trips up Takaichi trade
Japanese currency reverses earlier weakness, snaps six-day losing streakAuthorities in Tokyo reiterate warnings on yen volatilityU.S. dollar faces busy week ahead of data releasesBy Gregor Stuart Hunter SINGAPORE, Feb 9 (Reuters) - The yen strengthened in Asian trading on Monday after Japanese Pr...Reuters
3 hours ago
Yuan flirts with 2-1/2-year highs as China's forex reserves expand
SHANGHAI, Feb 9 (Reuters) - China's yuan edged higher on Monday, flirting with the strongest level in more than 2-1/2 years as the dollar weakened after a U.S. Federal Reserve official said there's room to cut interest rates.Sentiment was also aided by a stronger guidance rate and data showi...Reuters
4 hours ago
NZD/USD declines to near 0.6000 as New Zealand labor data dampens RBNZ rate hike prospects
The NZD/USD pair trades in negative territory near 0.6015 during the Asian trading hours on Monday. The New Zealand Dollar (NZD) edges lower against the US Dollar (USD) as softer labor data pushes out expectations for the Reserve Bank of New Zealand (RBNZ) tightening.
Fxstreet
5 hours ago
GBP/USD softens to near 1.3600 as BoE hints further rate cuts
The GBP/USD pair loses ground to near 1.3610 during the early Asian session on Monday. The Pound Sterling (GBP) softens against the Greenback amid growing expectations of the Bank of England’s (BoE) interest-rate cut. Traders will take more cues from the Fedspeak later on Monday.Fxstreet
5 hours ago
Yen slide deepens as Takaichi triumph in Japan election paves the way for more stimulus
By Gregor Stuart Hunter SINGAPORE, Feb 9 (Reuters) - The yen extended a string of recent losses in early Asian trading on Monday after Japanese Prime Minister Sanae Takaichi swept to victory in Sunday's election, easing the path to further fiscal stimulus. The yen JPY= slid as much as 0.3% t...Reuters
7 hours ago
Japan top currency diplomat Mimura says government closely watching FX moves
TOKYO, Feb 9 (Reuters) - Japan's top currency diplomat Atsushi Mimura said on Monday that the government is closely watching foreign exchange moves after Japanese Prime Minister Sanae Takaichi's coalition swept to a historic election win."We are closely watching currency movements with a...Reuters
7 hours ago
