EUR/USD bounces back as investors digest Fed's hawkish guidance – FXStreet
EUR/USD rebounded to around 1.0400 as the US dollar took a breather after the rally caused by the Fed's hawkish guidance. Fed officials expect to cut rates only twice in 2025, fewer than the four originally expected. ECB President Bunsch said he was satisfied with market expectations for four 25 basis point rate cuts in […]
Gold price in India: Rates on December 19 – FXStreet
Gold prices rose in India on Thursday, according to data compiled by FXStreet. Gold price rose to INR 7,131.22 per gram compared to INR 7,088.97 on Wednesday. Gold price rose to Rs 83,174.24 per tola from Rs 82,684.38 a day earlier. unit measurement Gold price in INR 1 gram 7,131.22 10 grams 71,310.26 tiger 83,174.24 […]
Australian Dollar remains steady after recovering losses, US GDP Annualized eyed – FXStreet
The Australian dollar recovered its daily losses after Thursday's announcement of consumer inflation expectations. Australian consumer inflation expectations rose to 4.2% in December, up from a previous rise of 3.8%. The US dollar index (DXY) hit 108.28 on Thursday, its highest since November 2022. The Australian dollar (AUD) narrowed its daily decline following Thursday's announcement […]
EUR/USD collapses below 1.0400 as Fed eyes two cuts in 2025 – FXStreet
EUR/USD fell sharply following the Federal Reserve's 25 basis point interest rate cut and cautious outlook for future policy adjustments. Federal Reserve Chairman Jerome Powell has emphasized a cautious approach to further interest rate changes, pointing to persistent inflation risks and a stable labor market. The Fed's latest economic forecasts show that interest rate cuts […]
USD/JPY pullback stalls above 153.00 with investors awaiting the Fed – FXStreet
Ahead of the Fed's decision, attempts to recover the Japanese yen remain limited. Investors are bracing for a 25bps rate cut along with hawkish forward guidance. In Japan, the Bank of Japan is expected to keep interest rates unchanged on Thursday. The US dollar continues its uptrend from early December lows. The reversal from the […]
EUR/USD trades sideways with Fed policy on the horizon – FXStreet
Investors are keeping an eye on the Fed's policy meeting, with EUR/USD trading in a narrow range around 1.0500. Although the Fed will cut rates by 25 basis points, it is widely expected to make somewhat more hawkish statements on its policy guidance. ECB President Rehn said stable inflation near the central bank's 2% target […]
USD/CAD marks fresh multi-year highs near 1.4350, awaits Fed’s guidance – FXStreet
USD/CAD hit 1.4329 on Wednesday, its highest level since March 2020. The Canadian dollar faces challenges due to a dovish central bank and domestic political uncertainty. CME's FedWatch tool suggests Wednesday's 25 basis point rate cut is almost fully priced in. USD/CAD has extended its winning streak to five days in a row and is […]
EUR/USD strengthens above 1.0500, all eyes are on Fed rate decision – FXStreet
EUR/USD gained momentum in Wednesday's Asian session to around 1.0505. The US Federal Reserve is expected to cut interest rates for the third time in a row at its December meeting on Wednesday. Rising expectations for further interest rate cuts from the ECB could cause the euro to fall. In early European trading on Wednesday, […]
Japanese Yen bears have the upper hand ahead of key central bank event risks – FXStreet
Following the release of Japan's trade balance statistics, the Japanese yen has attracted some sellers. Expectations that the Bank of Japan will keep interest rates unchanged and rising US bond yields are also weighing on the yen. Traders are eagerly awaiting key FOMC decisions ahead of Thursday's Bank of Japan policy update. The Japanese yen […]
Gold price hits weekly low on US data, Fed decision looms – FXStreet
Gold prices hit weekly lows on strong US retail sales that dampen hopes for aggressive Fed easing next year. Despite falling US Treasury yields, strength in the US dollar is limiting gold's upside momentum. Investors will be closely watching the Fed's policy announcements and the release of the Core PCE Price Index. Gold prices fell […]