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FOREX-Dollar rallies on prospects for new Fed chief; Bitcoin tumbles
Trump to announce Fed Chair nominee, Warsh consideredDollar index rises 0.4%, trims weekly decline to 0.9%Trump endorses spending deal to avoid government shutdownBy Rocky Swift and Rae Wee TOKYO, Jan 30 (Reuters) - The dollar rose on Friday, clawing back some of its slide on the week, after U.S....Reuters
an hour ago
AUD/USD Price Forecast: Tests 0.7000 support as 14-day RSI suggests overbought conditions
AUD/USD depreciates after three days of gains, trading around 0.7000 during the early European hours on Friday. Daily chart analysis indicates that the pair is remaining within the ascending channel pattern, indicating a persistent bullish bias.Fxstreet
an hour ago
EUR/USD: Potential for further strength – UOB Group
UOB Group analysts Quek Ser Leang and Lee Sue Ann suggest that EUR/USD could see further strength, potentially reaching 1.2150. The report indicates that as long as the strong support level at 1.1890 holds, the upward momentum remains intact.Fxstreet
2 hours ago
USD/CHF rebounds above 0.7650 as traders brace for Trump's Fed nomination
The USD/CHF pair rebounds to near 0.7685 during the early European session on Friday, bolstered by renewed US Dollar (USD) demand. US President Donald Trump and Senate Democrats struck a deal to avoid a US government shutdown, supporting the Greenback against the Swiss Franc (CHF).
Fxstreet
2 hours ago
NZD/USD trades around 0.6050 after pulling back from six-month highs
NZD/USD halts its winning streak that began on January 16, trading around 0.6050 during the Asian hours on Friday. The pair remains subdued following the ANZ – Roy Morgan Consumer Confidence, which climbed to 107.2 in January from 101.5 in December, marking its highest level since August 2021.
Fxstreet
2 hours ago
USD/INR rises as Asian risk sentiment weakens
USD/INR rebounded after modest losses in the previous session, driven by weak Asian risk sentiment and flow pressures. Traders note the Reserve Bank of India (RBI) remains a key backstop against a move beyond the psychological 92.00 level.Fxstreet
3 hours ago
AUD/JPY Price Forecast: Bullish signals persist above 100-day EMA
The AUD/JPY cross drifts lower near 107.70 during the early European session on Friday. The expectations of coordinated US-Japan intervention could provide some support to the Japanese Yen (JPY) against the Australian Dollar (AUD).
Fxstreet
3 hours ago
Bitcoin slips as Fed chair speculation hits risky assets
SINGAPORE, Jan 30 (Reuters) - Bitcoin slumped to a two-month low on Friday as speculation the next chair of the U.S. Federal Reserve might tighten up on cash in the financial system hit cryptocurrencies and lifted the dollar.Cryptos are having a rough time in what was once hoped to be a golden era o...Reuters
3 hours ago
All about the euro: Five questions for the ECB
ECB expected to stay on hold for fifth meetingImmediate risk of Trump tariffs over Greenland has passedPolicymakers concerned about euro's rise to $1.20By Yoruk Bahceli and Stefano Rebaudo LONDON, Jan 30 (Reuters) - The European Central Bank meets next Thursday with policymakers relieved that...Reuters
3 hours ago
GBP/USD softens to near 1.3750 as US Senate advances spending deal to avoid shutdown
The GBP/USD pair attracts some sellers near 1.3760 during the early European session on Friday. The US Dollar (USD) edges higher against the Pound Sterling (GBP) after US President Donald Trump and Senate Democrats struck a deal to avoid a US government shutdown.Fxstreet
4 hours ago
Japanese Yen weakens on soft Tokyo CPI print, fiscal woes and political risks
The Japanese Yen (JPY) attracts fresh sellers during the Asian session after data released this Friday showed that consumer inflation in Tokyo – Japan's capital city – fell sharply to a nearly four-year low in January. This eases pressure on the Bank of Japan (BoJ) to raise interest rates soon.
Fxstreet
5 hours ago
FOREX-Dollar pares weekly slide on Fed, government shutdown speculation
Trump to announce Fed Chair nominee, Warsh consideredDollar index rises 0.4%, trims weekly decline to 0.9%Trump endorses spending deal to avoid government shutdownBy Rocky Swift and Rae Wee TOKYO, Jan 30 (Reuters) - The dollar rose on Friday, paring its weekly slide, after U.S. President Donald T...Reuters
5 hours ago
USD/CAD gains traction above 1.3500 as Fed Chair announcement looms
The USD/CAD pair recovers some lost ground to near 1.3520 during the Asian trading hours on Friday. The US Dollar (USD) strengthens against the Canadian Dollar (CAD) ahead of US President Donald Trump’s Federal Reserve (Fed) chair announcement.
Fxstreet
6 hours ago
FOREX-Dollar poised for weekly slide as global tensions rise
By Rocky Swift TOKYO, Jan 30 (Reuters) - The dollar was poised for a second straight weekly decline on Friday as tariff threats against countries trading with Cuba added to global tensions that have sapped demand for U.S. assets.The White House said that President Donald Trump signed an executive...Reuters
7 hours ago
