Japanese Yen receives support from odds of BoJ raising rates following Tokyo CPI – FXStreet
The Japanese yen rose as traders predicted the Bank of Japan would raise interest rates in January. Japan's Jibun Bank manufacturing PMI reached 49.6 in December, exceeding the forecast of 49.5 and the previous estimate of 49.0. The dollar remains weak, with 2-year and 10-year Treasuries trading at 4.32% and 4.62%, respectively, as U.S. Treasury […]
Gold price in India: Rates on December 30 – FXStreet
Gold prices in India rose on Monday, according to data compiled by FXStreet. Gold price rose to INR 7,213.58 per gram compared to Friday's INR 7,192.57. Gold price rose to Rs 84,140.64 per tola from Friday's Rs 83,892.70. unit measurement Gold price in INR 1 gram 7,213.58 10 grams 72,138.53 tiger 84,140.64 troy ounce 224,364.10 […]
EUR/USD holds gains above 1.0400 as rising odds of the ECB delaying further rate cuts – FXStreet
The euro/dollar pair is rising as traders expect the ECB to delay further interest rate cuts following recent rises in inflation. ECB's Holzmann said President Trump's tariffs would not only lead to slower overall growth but also create inflationary pressures. The latest FOMC dotplot predicts only two rate cuts, down from the previously expected four. […]
EUR/USD price analysis: Pair inches up to 1.0430, still capped by key resistance – FXStreet
EUR/USD registered some gains on Friday, trading around 1.0430 after recent declines. The RSI has risen to 44 in negative territory, indicating a gradual recovery, but suggesting that sellers still have the upper hand. The MACD histogram shows a flat green bar, suggesting that bearish momentum is fading while the 20-day SMA remains an important […]
USD/INR jumps to fresh record high on month-end US Dollar demand – FXStreet
The Indian rupee fell to a new record low in early European trading on Friday. A strong US dollar and end-of-month demand for US dollars from importers weighed on the Indian rupee. The RBI is likely to intervene in the foreign exchange market to prevent further depreciation of the domestic currency. The Indian rupee (INR) […]
Japanese Yen rises following Tokyo CPI inflation – FXStreet
The Japanese yen strengthened following the release of Tokyo CPI inflation data, which showed an increase in December. The Tokyo Consumer Price Index in December was 3.0% compared to the previous year, up from 2.6% in November. The US dollar rose slightly as the possibility of further interest rate cuts by the US Federal Reserve […]
EUR/USD trades with mild losses near 1.0400 amid holiday quiet session – FXStreet
In Friday's Asian session, EUR/USD traded with a slight negative bias around 1.0415. Last week, U.S. new jobless claims fell to their lowest level in a month. The ECB's dovish outlook could weigh on the euro in the short term. EUR/USD fell to around 1.0415 in Asian trading on Friday. Trading volumes are thin as […]
USD/JPY holds below 158.00 after Tokyo CPI inflation data – FXStreet
USD/JPY lost momentum to around 157.75 early Friday Asian time. Tokyo CPI rose 3.0% year-on-year in December, compared to a 2.6% rise year-on-year. The Federal Reserve has signaled it will slow its rate of rate cuts, which could support the dollar. In early Asian trading on Friday, USD/JPY lost momentum to around 157.75. The Japanese […]
AUD/USD weakens to near 0.6200 amid thin trading – FXStreet
In early Asian trading on Friday, AUD/USD weakened to around 0.6215. President Trump's policies continue to support the US dollar as Fed bets on interest rate cuts decline. RBA minutes revealed that the board has increased confidence in inflation, but risks remain. Early in Friday's Asian session, the AUD/USD pair remained defensive around 0.6215. The […]
EUR/USD trades in tight range in holiday-shortened week – FXStreet
The EUR/USD pair is moving in a narrow range around 1.0400, with trading volume thin due to the holiday week. ECB President Lagarde said she was confident that inflation would sustainably return to the central bank's 2% target sooner than previously thought. According to UBS, the Fed plans to cut interest rates twice next year, […]