Japanese Yen continues losing streak following Q3 GDP data – FXStreet
The yen continues to weaken due to the stagnation of domestic economic activity. Japan's GDP growth rate in the third quarter was 0.9% annually, slowing from the 2.2% growth recorded in the second quarter. Japan's Kato said he would take appropriate action to address excessive fluctuations in exchange rates. The Japanese yen (JPY) extended its […]
EUR/USD taps 1.05 for the first time in over a year – FXStreet
EUR/USD continues to decline as the euro depreciates. Textile prices hit a 57-week low as the US dollar continued to rise. Friday's U.S. retail sales conclude the economic calendar. EUR/USD briefly tested a year-to-date low on Thursday, breaking above the 1.0500 handle for the first time in 54 weeks. The lack of meaningful data from […]
Gold price drops to nearly two-month low, seems vulnerable near $2,560 area – FXStreet
Gold prices remain under strong selling pressure as the Trump trade continues. The U.S. dollar hit a new year-to-date high on Thursday on optimism about strong U.S. economic growth. Rising U.S. Treasury yields are also helping to steer flows away from the lower-yielding yellow metal. Gold prices (XAU/USD) attracted sellers for the fifth day in […]
Japanese Yen drops to fresh multi-month low against USD, bears not ready to give up – FXStreet
The Japanese yen continues to fall amid uncertainty about the Bank of Japan's interest rate hike. The USD bullishness is helping the USD/JPY pair rally to the top for the first time in months. Yen bears are ignoring the possibility of intervention by Japanese authorities. The Japanese yen (JPY) has been underperforming against the US […]
Forex Today: US CPI inflation data and Fedspeak set to stir markets – FXStreet
Here's what you need to know on Wednesday, November 13th. Broad market gains inspired by President Trump's trade came early Wednesday morning as focus shifted back to economic data ahead of the all-important U.S. Consumer Price Index (CPI) report due to be released in U.S. trading. I took a breather. The U.S. dollar (USD), along […]
Australian Dollar recovers losses as PM Albanese shares about trade discussion with Trump – FXStreet
The Australian dollar rose as Prime Minister Albanese shared trade talks with President Trump last week. Australia's wage price index rose 3.5% year-on-year in the third quarter, slowing from a 4.1% rise in the second quarter. The North American session will focus on the announcement of the US consumer price index. The Australian dollar (AUD) […]
Pound Sterling slumps as UK unemployment rate jumps to 4.3% – FXStreet
The pound sterling fell to nearly 1.2800 against the US dollar following the release of weak UK employment data. Britain's unemployment rate jumped to 4.3% and average incomes rose faster than expected in the three months to September. Investors are waiting for US inflation data to guide new interest rates. The pound fell against its […]
Gold price in India: Rates on November 12 – FXStreet
Gold prices fell in India on Tuesday, according to data compiled by FXStreet. Gold price fell at INR 7,101.08 per gram compared to INR 7,114.27 on Monday. Gold price fell to Rs 82,824.36 per tola from Rs 82,979.44 per tola the previous day. unit measurement Gold price in INR 1 gram 7,101.08 10 grams 71,011.37 […]
Mexican Peso depreciates on rumors of Lighthizer trade appointment – FXStreet
The Mexican peso has fallen following rumors that Donald Trump has offered Robert Lighthizer the job of trade representative. The former U.S. trade representative is known for his protectionist stance and could weigh on Mexico in future negotiations. Concerns that the Republicans will gain a majority in Congress and achieve a “clean sweep” have further […]
EUR/USD ticks down as Fed officials line up for interest rate guidance – FXStreet
EUR/USD remains sensitive as investors await new interest rate guidance from a number of Fed speakers. The euro weakened as President Trump's policies were expected to weigh on euro zone exports. This week, investors will focus on October's US inflation data. In European trading on Monday, EUR/USD is trading cautiously near a four-month low of […]