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GBP/JPY flat lines below 213.00 as intervention fears benefit JPY; bears seem hesitant
The GBP/JPY cross is seen oscillating in a narrow band near a one-and-a-half-week top, touched during the Asian session this Tuesday, and currently trading around the 212.70-212.75 region, nearly unchanged for the day.
Fxstreet
4 minutes ago
GBP/USD holds gains above 1.3650 as BoE rate decision looms
The GBP/USD pair gains momentum to around 1.3685 during the early European session on Tuesday. The Pound Sterling (GBP) gathers strength against the Greenback on the cautiously hawkish stance of the Bank of England (BoE). All eyes will be on the BoE interest rate decision later on Thursday.
Fxstreet
11 minutes ago
USD/INR plummets as US-India confirms long-awaited trade deal
The Indian Rupee (INR) opens on a strong note against the US Dollar (USD) on Tuesday, following the confirmation of a long-awaited trade deal between the United States (US) and India the previous day. The USD/INR pair opens with a gap down to near 90.35, the lowest level seen in almost three weeks.Fxstreet
13 minutes ago
USD/CNH declines towards 33-month low to near 6.9310 as Yuan gains on seasonal demand
The USD/CNH pair trades lower to 6.9350 during the late Asian trading session on Tuesday. The pair declines towards its 33-month low of 6.9310 as the Chinese Yuan (CNH) continues to outperform the US Dollar (USD) due to strong seasonal demand.Fxstreet
25 minutes ago
EUR/USD Price Forecast: Rises above 1.1800 toward nine-day EMA barrier
EUR/USD rebounds after two days of losses, trading around 1.1810 during the Asian hours on Tuesday. The technical analysis of the daily chart shows that the pair remains slightly below the ascending channel pattern, suggesting a potential bearish reversal.
Fxstreet
25 minutes ago
USD/CHF loses ground below 0.7800 as US shutdown fuels uncertainty despite upbeat PMI
The USD/CHF pair loses traction to near 0.7780 during the early European session on Tuesday. The US Dollar (USD) softens against the Swiss Franc (CHF) as a partial US government shutdown delays Nonfarm Payrolls data and raises concerns over the political stability in the US.
Fxstreet
52 minutes ago
Australia raises rates for first time in two years, markets bet on second hike in May
Rates raised by 25 bps, first hike in two yearsRBA warns that inflation likely to stay above target for some timeMarkets ramp up bets for follow-up hike in MayAustralian dollar rallies, bond futures tumbleBy Stella Qiu and Wayne Cole SYDNEY, Feb 3 (Reuters) - Australia's central bank on Tuesd...Reuters
an hour ago
Indian rupee, stocks soar in relief rally after trade deal with US
U.S. to slash tariffs on Indian exports to 18% from 50%Trade deal expected to lift sentiment on Indian marketsIndian rupee up over 1%, stock benchmark rises 3%U.S. deal follows India-EU trade agreement last weekBy Jaspreet Kalra MUMBAI, Feb 3 (Reuters) - India's financial markets rallied shar...Reuters
an hour ago
Australian dollar jumps as markets wagers on more RBA hikes
By Wayne Cole SYDNEY, Feb 3 (Reuters) - The Australian dollar jumped on Tuesday after the country's central bank raised interest rates for the first time in two years in an effort to restrain inflation, leading markets to wager that at least one more hike would be needed this year.The Reserve...Reuters
an hour ago
Indian rupee, stocks soar after trade deal with US
U.S. to slash tariffs on Indian exports to 18% from 50%Trade deal expected to lift sentiment on Indian marketsU.S. deal follows India-EU trade agreement last weekBy Jaspreet Kalra MUMBAI, Feb 3 (Reuters) - India's financial markets rallied sharply on Tuesday after a trade deal that slashed U....Reuters
2 hours ago
AUD/JPY climbs above 108.50 as RBA raises interest rate by 25 bps to 3.85%
The AUD/JPY cross rises to around 108.85 during the Asian trading hours on Tuesday. The Australian Dollar (AUD) strengthens against the Japanese Yen (JPY) after the Reserve Bank of Australia (RBA) interest rate decision.
Fxstreet
2 hours ago
FOREX-Dollar holds gains on economic data, Fed bets; Aussie jumps on RBA hike
U.S.-India trade deal and resumed Iran nuclear talks ease geopolitical tensionsYen pressured ahead of Japan's electionAussie rises after RBA rate hikeBy Rocky Swift TOKYO, Feb 3 (Reuters) - The dollar held gains on Tuesday as positive economic readings and shifting expectations for Federal Re...Reuters
2 hours ago
AUD/NZD climbs to near 1.1630 as RBA raises interest rates by 25 bps to 3.85%
The AUD/NZD pair jumps to near 1.1630 during the Asian trading session on Tuesday. The pair gains sharply as the Australian Dollar (AUD) strengthens after the Reserve Bank of Australia (RBA) raises interest rates by 25 basis points (bps) to 3.85%, as expected.
Fxstreet
2 hours ago
Australia's central bank raises cash rate 25bps to 3.85%
SYDNEY, Feb 3 (Reuters) - Australia's central bank on Tuesday raised its cash rate by 25 basis points to 3.85%, the first hike in two years, saying the economy was growing faster than expected and inflation was likely to remain above target for some time.Wrapping up a two-day policy meeting, the...Reuters
2 hours ago
Japanese Yen gains on intervention fears, political uncertainty caps further upside
The Japanese Yen (JPY) edges higher against its American counterpart during the Asian session on Tuesday and, for now, seems to have snapped a two-day losing streak to over a one-week trough, touched the previous day.
Fxstreet
3 hours ago
INDIA RUPEE-Rupee set to rally on prospects India-US trade deal to attract flows
By Nimesh Vora MUMBAI, Feb 3 (Reuters) - The Indian rupee is set to rally sharply at open on Tuesday, supported by expectations that the U.S.–India trade deal will draw foreign investors back to Indian assets and alleviate hedging activity-related pressure. The 1-month non-deliverable forwar...Reuters
3 hours ago
Japan finance minister defends PM's comments on benefits of weak yen
TOKYO, Feb 3 (Reuters) - Japanese Finance Minister Satsuki Katayama on Tuesday defended Prime Minister Sanae Takaichi's comments highlighting the benefits of a weaker yen, stating that the premier had referenced "what is written in textbooks.""The prime minister was speaking in gener...Reuters
4 hours ago
