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EUR/USD weakens below key averages as US Dollar strength caps rebounds
The Euro (EUR) turns lower against the US Dollar (USD) on Friday, surrendering intraday gains as renewed demand for the Greenback keeps the pair on the defensive. At the time of writing, EUR/USD is trading flat near 1.1600, after briefly sliding to its lowest level since November 28.
Fxstreet
an hour ago
GBP/USD flat near 1.3380 as strong US data boosts the USD
The British Pound trades sideways on Friday during the North American session, after reaching a daily high of 1.3413, but solid US data revealed in the week capped Sterling’s advance. The GBP/USD trades at 1.3380 and continues to distance from the 200-day SMA key technical level at 1.3405.
Fxstreet
2 hours ago
GBP: Pound gains as USD softens – Scotiabank
The Pound Sterling (GBP) is up a modest 0.2% vs. the US Dollar (USD) and a relative performer among the G10 currencies in an environment of broad – albeit mild – USD weakness, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
2 hours ago
CAD flat despite China trade agreement – Scotiabank
The Canadian Dollar (CAD) is little changed on the day, with neither a modest bid for US equity futures nor a more obvious bump in crude prices helping the CAD out, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
2 hours ago
FOREX-Yen strengthens after Japan warns of possible intervention
Japan doesn't rule out intervention to counter yen weakness, Finance Minister Katayama saysTakaichi plans snap election to gain support for fiscal policiesDollar boosted by strong labor market, faces potential weakness from other central banks' hikesBy Karen Brettell NEW YORK, Jan 16 (Reu...Reuters
2 hours ago
GBP/JPY weakens toward one-week lows as intervention talk supports the Yen
The British Pound (GBP) remains under pressure against the Japanese Yen (JPY) on Friday, with GBP/JPY extending losses for a third straight session as repeated warnings from Japanese officials revive speculation over possible currency intervention.
Fxstreet
2 hours ago
USD/CAD steady as Oil rebound supports CAD, US data underpins USD
USD/CAD trades flat around 1.3900 on Friday at the time of writing, virtually unchanged on the day. The pair’s hesitation is mainly driven by a stronger Canadian Dollar (CAD), supported by the rebound in Oil prices, while the US Dollar (USD) remains firm in the wake of strong US data sets.Fxstreet
4 hours ago
Swiss Franc edges higher as US Dollar pauses after data-driven rally
The Swiss Franc (CHF) edges higher against the US Dollar (USD) on Friday as the Greenback softens after a data-driven rally that pushed it to over one-month highs. At the time of writing, USD/CHF is trading near 0.8015, down about 0.25% on the day.
Fxstreet
4 hours ago
Sterling set for weekly rise as UK economy bounces back in November
By Joice Alves LONDON, Jan 16 (Reuters) - Sterling rose on Friday, and was set for its fifth consecutive weekly rise against the euro, after data this week showed that the British economy grew more strongly than expected in November.The pound GBP= was up 0.13% to $1.3402. It was on track for a 0....Reuters
5 hours ago
China-led cross-border digital currency platform sees surge
By Marc Jones LONDON, Jan 16 (Reuters) - Transactions on a new China-led digital currency platform have surged to over $55 billion, a new report shows, the latest sign that efforts to build alternatives to dollar-dependent global payment systems are gaining traction.Data crunched by the Washingto...Reuters
5 hours ago
State Street beats Q4 adjusted EPS estimates on higher fee revenue, interest income
OverviewFinancial services firm's Q4 revenue rose 7%, beating analyst expectationsAdjusted EPS for Q4 beat analyst expectationsCompany expanded Wealth Services via Apex Fintech partnershipOutlookState Street plans to expand Wealth Services through Apex Fintech Solutions partnershipCompany aims t...Reuters
5 hours ago
EUR/JPY climbs as German inflation slows, Japan's political risks persist
EUR/JPY trades around 183.70 on Friday at the time of writing, up 0.15% on the day. The cross benefits from a still-fragile Japanese Yen (JPY), as investors digest mixed macroeconomic signals from the Eurozone alongside rising political risks in Japan.
Fxstreet
5 hours ago
FOREX-Yen rises as Japan ponders intervention with US to counter currency weakness
Japanese markets brace for snap election and rates meetingUS economic data pushes out expectations of Fed rate cut ECB chief economist Lane warns of potential shocksBy Joice Alves TOKYO, Jan 16 (Reuters) - The yen rose against the dollar on Friday after Japan's Finance Minister Satsuki Kataya...Reuters
6 hours ago
GBP/USD returns above 1.3400 as the US Dollar rally loses steam
The Pound is trimming losses against the US Dollar on Friday, with price action returning above 1.3400 ahead of the US session opening, up from Thursday's lows near 1.3360. The pair is on track to end the week practically unchanged after depreciating about 0.7% in the previous two weeks.Fxstreet
6 hours ago
