EUR/USD holds below 1.1300 on firmer US Dollar, all eyes on US NFP data – FXStreet
EUR/USD will lose ground to near 1.1290 in early Asian session on Friday. The US is seeking a tariff talks with China, raising hopes for a de-escalation trade war. Traders are waiting for the US April non-farm salary report later Friday. EUR/USD During the early Asian sessions on Friday, the pair softens to about 1.1290. […]
GBP/USD holds below 1.2400 on firmer US Dollar – FXStreet
GBP/USD softened to around 1.2390 in Monday's Asian session, losing 0.14% of the day. Trump said he will announce mutual tariffs in many countries this week. Boe's Bailey reiterated that “a progressive and prudent approach to monetary policy remains appropriate.” The GBP/USD pair will weaken to near 1.239 during Asian trading hours on Monday. The […]
Fed cuts interest rates by quarter point despite firmer inflation
The Fed cut interest rates by a quarter of a percentage point on Wednesday, in line with market expectations, even as inflation has accelerated again over the past two months. Fed officials have been trying to find the right tempo of rate cuts since they began cutting rates by a deep half-point in September, but […]
Gold Price Forecast: XAU/USD drifts lower below $2,700 on firmer US Dollar – FXStreet
Gold prices fell to around $2,680 in early Asian session on Monday. US dollar strength weakens the yellow metal. Uncertainty surrounding the global economy and geopolitical risks could increase capital flows into safe-haven assets, benefiting gold prices. Gold prices (XAU/USD) traded in negative territory around $2,680 in early Asian trading on Monday. The decline in […]
Dollar holds firmer awaiting the Fed later in the day – ForexLive
The dollar has held decent levels so far this week, with modest bids during trading hours. The main reason for this is likely to be the appreciation of the USD/JPY. However, yields on U.S. Treasuries remain fairly high relative to other countries, giving investors another reason not to rush away from the dollar just yet. […]