US Dollar advances after ECB dovish outlook, US Retail Sales – FXStreet
Expectations for Fed easing continue to evolve, with two rate cuts by year-end almost priced in. Retail sales unexpectedly rose in September, and weekly new jobless claims fell. The ECB's Lagarde is concerned about the EU's economic outlook, which is benefiting the US dollar. The US Dollar Index (DXY), which measures the value of the […]
EUR/USD remains stuck near 10-week low as ECB cuts rates by 25 bps to 3.25% – FXStreet
The EUR/USD pair remains vulnerable at around 1.0850 as the ECB lowered deposit facility interest rates by 25bps to 3.25%. The ECB is expected to cut its key borrowing rate by 25 basis points again in December. The dollar strengthened as speculation that Trump would win increased. EUR/USD remained under pressure around 1.0850 on Thursday. […]
USD/INR gathers strength as traders brace for US Retail Sales data – FXStreet
The Indian rupee weakened in early European trade on Thursday. Continued selling in domestic stocks by foreign portfolio investors has weighed on the Indian rupee. Thursday's US September retail sales figures will be a highlight. The Indian rupee (INR) traded slightly lower on Thursday due to the strength of the US dollar (USD). Heavy outflows […]
GBP/USD seems vulnerable below 1.3000, its lowest level since August 20 – FXStreet
GBP/USD consolidated a modest decline spurred by the UK CPI on Wednesday, hitting its lowest level in more than two months. Bets that the BoE will cut interest rates in November are weighing on the pound and major currencies as the dollar strengthens. Expectations that the Fed's aggressive easing policy will be eased favor USD […]
Gold price surges as US yields drop, eyes $2,700 mark – FXStreet
XAU/USD is rising as lower US Treasury yields increase demand for non-yielding assets. Traders expect the ECB to act on October 17th, expecting major central banks to cut interest rates as inflation cools. Geopolitical uncertainty and the upcoming US election are driving demand for gold as a safe-haven asset amid fears of an economic slowdown. […]
USD/INR holds ground as US Dollar appreciates due to risk-off mood – FXStreet
The Indian rupee faced challenges due to foreign exchange outflows due to increased risk aversion. India's annual inflation rate rose to a nine-month high of 5.49% in September, reducing the possibility of a Reserve Bank of India (RBI) rate cut. As India is the world's third-largest oil importer, the fall in crude oil prices may […]
EUR/USD remains below 1.0900, further downside seems possible as the ECB decision looms – FXStreet
EUR/USD weakens as the ECB may cut interest rates by 25 basis points on key refinancing operations and deposit facilities. The dollar index is hovering around 103.35, the two-month high hit on Monday. Atlanta Fed President Rafael Bostic expects there will be just one more 25 basis point rate cut in 2024. EUR/USD remains in […]
Japanese Yen bulls remain on the sidelines amid BoJ rate-hike uncertainty – FXStreet
The Japanese yen is struggling to gain meaningful traction amidst all the clues. Uncertainty about the Bank of Japan's interest rate hike and disappointing data are holding back the yen's upside. Betting on a small Fed rate cut to prop up the US dollar and support USD/JPY. The Japanese yen (JPY) remained in a narrow […]
EUR/USD extends decline as ECB rate call looms ahead – FXStreet
EUR/USD fell by another fifth on Tuesday. The results of the ECB bank survey have reduced the euro's bullish potential. The ECB is widely expected to cut rates by another 25 basis points this week. EUR/USD fell further to the bearish side on Tuesday, dropping by a fifth of 1% and falling below the 200-day […]
Forex Today: Market attention turns to Canada inflation data and Fedspeak – FXStreet
Here's what you need to know on Tuesday, October 15th. After a quiet start to the week, the U.S. dollar (USD) has gained momentum, with the U.S. dollar index rising above 103.00 on Monday, its highest level since early August, and managing to build on last week's gains. No high-level data will be released on […]