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EUR/USD Forecast: Euro weakens as risk mood sours
EUR/USD struggles to find a foothold and trades at a fresh weekly low below 1.1850 after closing in negative territory on Monday. In the absence of high-impact data releases, the risk-averse market atmosphere could make it difficult for the pair to stage a rebound.
Fxstreet
11 minutes ago
Sterling slides as UK wage growth cools and jobless rate rises
By Harry Robertson LONDON, Feb 17 (Reuters) - The pound dropped on Tuesday after data showed Britain's unemployment rate rose to a five-year high in December while wage growth cooled, potentially adding to the case for further Bank of England rate cuts.Sterling GBP=D3 was last down 0.55% agai...Reuters
43 minutes ago
GBP/JPY plummets to near 207.50 as UK labor market deteriorates
The GBP/JPY pair is down almost 0.85% to near 207.50 during the European trading session on Tuesday. The cross faces intense selling pressure as the Pound Sterling plunges after the release of the United Kingdom (UK) labor market data for the three months ending in December.
Fxstreet
an hour ago
EUR/GBP rallies to 0.8725 as weak UK jobs data lifts BoE rate cut bets and undermines GBP
The EUR/GBP cross gains some positive traction for the second straight day and rallies to a fresh daily high, around the 0.8725 region, during the early European session in reaction to disappointing UK jobs data.
Fxstreet
an hour ago
USD/CHF faces slight pressure near 0.7700 ahead of opening of US markets
The USD/CHF pair trades marginally lower to near 0.7690 during the European trading session on Tuesday. The Swiss Franc pair faces slight selling pressure, while the US Dollar (USD) trades broadly calm ahead of the opening of United States (US) markets after an extended weekend.
Fxstreet
2 hours ago
Canadian Dollar falls as Oil prices weaken on oversupply concerns
USD/CAD continues its winning streak for the fifth consecutive day, trading around 1.3650 during the European hours on Tuesday. The pair appreciates as the commodity-linked Canadian Dollar (CAD) faces challenges, as Crude Oil prices may remain under pressure due to oversupply concerns.
Fxstreet
2 hours ago
Sterling slips as UK wage growth cools and jobless rate rises
LONDON, Feb 17 (Reuters) - The pound fell on Tuesday after data showed Britain's unemployment rate rose in December while wage growth slowed more than expected, potentially adding to the case for further Bank of England rate cuts.Sterling GBP=D3 was last down 0.29% against the dollar at $1.359, ...Reuters
2 hours ago
AUD: Jobs data to guide RBA path – BBH
Brown Brothers Harriman’s (BBH) Global Head of Markets Strategy Elias Haddad points out that the RBA has resumed tightening, lifting the cash rate to 3.85% and signaling more hikes as demand and labor markets remain strong. Futures price further increases over twelve months.
Fxstreet
2 hours ago
EUR/USD Price Forecast: Holds losses below 1.1850 near nine-day EMA barrier
EUR/USD extends its losses for the second successive session, trading around 1.1840 during the early European hours on Tuesday. The 14-day Relative Strength Index (RSI) momentum indicator at 53 (neutral) signals consolidation with a modest upside lean.Fxstreet
2 hours ago
