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USD/CAD Price Forecast: Corrects to near 1.3830 on US stagflation risks
The USD/CAD pair trades cautiously near Thursday’s low around 1.3835 during the European trading session on Friday. The Loonie pair retraces from its recent highs of 1.3890 as the US Dollar (USD) faces selling pressure amid growing United States (US) stagflation risks.Fxstreet
32 minutes ago
EUR/GBP holds positive ground near 0.8650 as UK economy stalls in July
The EUR/GBP cross trades on a positive note near 0.8650 during the early European session on Friday. The Pound Sterling (GBP) remains weak against the Euro (EUR) after the release of UK Gross Domestic Product (GDP) data.
Fxstreet
2 hours ago
Dollar on back foot as surging jobless claims firm up Fed rate cut views
SINGAPORE, Sept 12 (Reuters) - The dollar regained some strength but remained under pressure on Friday as a surge in U.S. jobless claims and a modest tick up in inflation kept investors zeroed in on likely Federal Reserve interest rate cuts next week and beyond.Reuters
2 hours ago
AUD/JPY Price Forecast: Keeps bullish vibe above 98.00, overbought RSI warrants caution for bulls
The AUD/JPY cross trades in positive territory for the third consecutive day around 98.20 during the early European session on Friday. The Japanese Yen (JPY) softens against the Australian Dollar (AUD) on political uncertainty in Japan.
Fxstreet
3 hours ago
EUR/USD holds below 1.1750 ahead of German HICP release
The EUR/USD pair loses traction to around 1.1725 during the Asian trading hours on Friday, pressured by a firmer US Dollar (USD). Nonetheless, the potential downside might be limited amid the rising bets of the US Federal Reserve (Fed) rate cut next week.Fxstreet
4 hours ago
When are the UK data releases and how could they affect GBP/USD?
The United Kingdom (UK) docket has the monthly Gross Domestic Product (GDP) to be released by the Office for National Statistics (ONS) on Friday, alongside the Trade Balance and Industrial Production, all of which will be published later this session at 06:00 GMT.
Fxstreet
4 hours ago
How government debt stress could roll across world markets
Long-dated bond slump seen rippling into tech, FX - investors Japan sells overseas stocks as rate hike bets boost yen French budget tumult could cap euro rally - analysts By Naomi Rovnick LONDON, Sept 12 (Reuters) - Escalating fears about government finances everywhere from Britain to Japan have...Reuters
4 hours ago
US, Japan reaffirm FX commitments, leave room for interventions
Joint statement makes no fresh FX demands from USSays FX intervention should be reserved for excess volatilityJapan, US had separate channel to discuss FX in trade talksBy Makiko Yamazaki and Leika Kihara TOKYO, Sept 12 (Reuters) - The United States and Japan reaffirmed their commitment to "m...Reuters
5 hours ago
Australian dollar set for best week since April as bullish case builds
Aussie among best performing G10 currencies with 1.6% weekly gainAt 10-month high on US dollar, also scales new peaks on euro, yen, Canadian dollarNew Zealand dollar lags a little but not far behindBy Stella Qiu SYDNEY, Sept 12 (Reuters) - The Australian dollar was at a 10-month high against the ...Reuters
5 hours ago
