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Sterling recovers some BoE-led losses, politics loom large
By Amanda Cooper LONDON, Feb 6 (Reuters) - The pound rose on Friday, recovering some of the previous day's steep slide that followed a surprisingly tight vote from the Bank of England to leave rates unchanged and its signal that it could cut if inflation continues to cool. Sterling GBP= rose ...Reuters
15 minutes ago
EUR/JPY returns above 185.00, Yen weakens ahead of Japan’s elections
The Euro (EUR) has resumed its immediate bullish trend against the Japanese Yen (JPY) on Friday. The pair is trading at 185.25 at the time of writing, up from session lows at 184.40, with the JPY losing ground against its main peers ahead of this weekend’s snap elections.
Fxstreet
31 minutes ago
EMERGING MARKETS-EM currencies and stocks set to end week with losses
MSCI EM FX flat, stocks down 0.3%Indonesian stocks fall after Moody's cuts rating Polish central banker Wnorowski says March rate cut likelySouth Africa closer to duty free access deal with China By Purvi Agarwal Feb 6 (Reuters) - Most emerging market currencies were largely subdued against t...Reuters
an hour ago
CEE MARKETS-FX shrugs off global turbulence as stable rates support crown
WARSAW, Feb 6 (Reuters) - Central European currencies were holding steady on Friday despite tremors in global markets caused by fears over AI, as investors digested the Czech central bank's decision to maintain a cautious approach and leave rates unchanged.The crown firmed around 0.5% against th...Reuters
an hour ago
Silver Price Forecasts: XAG/USD struggles to regain the $75.00 area
Silver (XAG/USD) is trimming some losses during Friday’s early European session, trading right above $74.00 at the time of writing, after hitting fresh seven-month lows near $64.00 earlier on the day. The pair, however, remains capped below a previous support area, in the vicinity of $75.00.
Fxstreet
2 hours ago
FOREX-Dollar nears two-week high as AI splurge spooks investors
Investors unwind riskier positions on AI spending surge, dollar gets haven bidYen weakens ahead of Japan's national electionEuro and sterling recover after central bank decisionsBy Amanda Cooper LONDON, Feb 6 (Reuters) - The dollar held near two-week highs on Friday, drawing on its safe-haven...Reuters
2 hours ago
EUR/GBP pulls back below 0.8700 amid broader Euro weakness
The Euro (EUR) failed to hold above 0.8700 against the British Pound (GBP) on Friday and pulled back to session lows near 0.8685 in the early European session. The pair, however, remains on track to close its first positive week in two months, fuelled by the ECB-BoE policy divergence.
Fxstreet
3 hours ago
Pound Sterling partially recovers after dovish BoE hold triggers losses
The Pound Sterling (GBP) regains ground against its major currency peers on Friday after a sharp fall the previous day, which was driven by the Bank of England’s (BoE) signal that there is a high chance of an interest-rate cut in the near term.
Fxstreet
3 hours ago
NZD/USD rebounds toward 0.6000 ahead of Michigan Consumer Sentiment Index
NZD/USD gains after two days of losses, trading around 0.5980 during the early European hours on Friday. Traders will watch the preliminary February US Michigan Consumer Sentiment Index, due for release later in the North American session.
Fxstreet
4 hours ago
A year in which the major central banks part ways
ECB, BoE hold ratesRBA delivers first rate hike in two yearsMarkets anticipate more Fed easing By Stefano Rebaudo LONDON, Feb 5 (Reuters) - Central banks in big economies are parting ways, with Australia this week raising interest rates for the first time in two years, while others are taking a m...Reuters
4 hours ago
USD/CAD holds below 1.3700 amid weak US labor data, higher crude oil prices
The USD/CAD pair trades with mild losses near 1.3685 during the early European session on Friday. The US Dollar (USD) softens against the Canadian Dollar (CAD) amid weaker-than-expected US economic data and a rise in crude oil prices.
Fxstreet
5 hours ago
FOREX-Dollar hovers near two-week high, yen firms ahead of polls
Risk-off sentiment, Warsh's Fed Chair nomination lifts dollarPound nurses steep losses on rate-cut wagers Yen steadies near 157/dollar ahead of an unpredictable election By Ankur Banerjee SINGAPORE, Feb 6 (Reuters) - The U.S. dollar lingered near a two-week high on Friday as investors unwound...Reuters
5 hours ago
EUR/USD: Downside risk persists – UOB
UOB's report, authored by Quek Ser Leang and Lee Sue Ann, suggests that the EUR/USD is facing downside risks, with potential support levels highlighted. The report indicates that a break below 1.1750 could occur, although a significant drop to 1.1725 is deemed unlikely at this time.Fxstreet
5 hours ago
GBP/USD Price Forecast: Trades above 1.3500 after rebounding from 50-day EMA
GBP/USD rebounds after two days of gains, trading around 1.3560 during the Asian hours on Friday. The technical analysis of the daily chart points to a potential bearish reversal as the pair is positioned near the lower boundary of an ascending channel pattern.Fxstreet
5 hours ago
