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EUR/GBP retreats towards the 0.8650 area following upbeat UK data
The Euro has given up daily gains against a buoyant British Pound, following stronger-than-expected UK Gross Domestic Product figures. The pair has pulled back from session highs near 0.8670 to approach the 0.8650 area, turning negative on the daily chart.
Fxstreet
5 minutes ago
GBP/USD: Likely to trade sideways between 1.3410 and 1.3460 – UOB Group
Momentum indicators are turning flat; Pound Sterling (GBP) could trade sideways between 1.3410 and 1.3460. In the longer run, GBP is likely in a range-trading phase between 1.3390 and 1.3520, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
8 minutes ago
FOREX-Yen slips ahead of Japan election, intervention fears linger
Traders on watch for BoJ intervention to support yen near 160Concerns over possible increased fiscal spending weigh on Japanese currencyRisks to Fed independence remain under spotlightBy Stefano Rebaudo and Ankur Banerjee Jan 15 (Reuters) - The yen edged lower on Thursday as traders fretted over ...Reuters
17 minutes ago
Silver Price Forecast: XAG/USD slips below $89.50 as safe-haven demand fades
Silver price (XAG/USD) retreated after reaching a fresh record high of $93.90 during Asian hours earlier, currently trading around $89.40 per troy ounce, down by more than 4% during the European hours on Thursday. The grey metal retreated amid easing geopolitical concerns.
Fxstreet
19 minutes ago
ECB's de Guindos: Fed cooperation is 'business as usual'
Jan 15 (Reuters) - The European Central Bank's cooperation with the U.S. Federal Reserve will continue, ECB Vice-President Luis de Guindos told Politico in an interview published on Thursday, reaffirming support for the principle of central bank independence.De Guindos was asked whether, in the ...Reuters
23 minutes ago
GBP/JPY recovers early losses as UK GDP returns to growth
The GBP/JPY pair claws back its early losses and turns slightly positive to near 213.20 during the European trading session on Thursday. The pair attracts bids as the Pound Sterling (GBP) gains, following the release of the United Kingdom (UK) monthly Gross Domestic Product (GDP) data for November.
Fxstreet
29 minutes ago
China central bank to cut some sector-specific rates to boost economy
BEIJING, Jan 15 (Reuters) - China's central bank announced on Thursday cuts to some sector-specific interest rates to provide an early boost to the economy, and signalled it has room this year for further reductions in banks' cash reserve requirements and for broader rate cuts. The People...Reuters
52 minutes ago
AUD/USD Price Forecast: Stays below nine-day EMA near 0.6700
The AUD/USD pair remains steady for the second successive session, trading around 0.6680 during the European hours on Thursday. The daily chart’s technical analysis indicated a weakening bullish bias as the pair remains positioned slightly below the ascending channel pattern.
Fxstreet
56 minutes ago
China central bank to cut policy tool rates by 25 bps
BEIJING, Jan 15 (Reuters) - China will cut interest rates on various structural monetary policy tools by 25 basis points and boost its re-lending programme for supporting tech innovation by 400 billion yuan ($57.37 billion) to 1.2 trillion yuan, the central bank said on Thursday.The People's Ba...Reuters
2 hours ago
Bessent's comments show importance of FX stability in US-South Korea cooperation, Seoul says
SEOUL, Jan 15 (Reuters) - U.S. Treasury Secretary Scott Bessent's recent comments on the Korean won underscore the importance of foreign exchange stability for bilateral economic cooperation between Seoul and Washington, a senior South Korean official said on Thursday. Deputy Finance Mi...Reuters
2 hours ago
ROI-Is that it? The great dollar reversal fizzles: Mike Dolan
By Mike Dolan LONDON, Jan 15 (Reuters) - Rolling back the dollar's near 50% rise over the past 15 years was a pillar of Donald Trump's economic agenda. Now that early success has fizzled, markets suspect last year's 7% drop may be it.As the U.S. president heads to the World Econom...Reuters
2 hours ago
South Korea deputy finmin says FX stability key for cooperation with US, Yonhap reports
SEOUL, Jan 15 (Reuters) - South Korea's deputy finance minister said on Thursday foreign exchange stability was an important factor for economic cooperation with the U.S. as instability could hinder progress on a $350 billion U.S. investment pledged by the Asian country, the Yonhap News Agency r...Reuters
3 hours ago
