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Forex
EUR/JPY rises sharply as Japanese bond yields hit 17-year high
EUR/JPY trades around 180.90 at the time of writing, up 0.45% on the day, reaching a new multi-year high amid intensifying pressure on Japanese government Bonds. The move is…
XAU/USD rallies beyond $4,100 on risk-off trading
Gold (XAU/USD) is trading higher for the second consecutive day on Wednesday, reaching intra-week highs, right above $4,100, favoured by the risk-averse markets and heightened…
EUR/USD extends losses as Eurozone inflation pressures moderate
EUR/USD has given away gains after another rejection at the 1.1600 area to reach fresh weekly lows at.1.1565 following the release of Eurozone inflation figures. The pair is…
Likely to trade with a downward bias toward 0.646 – UOB Group
Instead of continuing to weaken, Australian Dollar (AUD) is more likely to trade in a range between 0.6485 and 0.6530. In the longer run, AUD is likely to trade with a downward…
Pound Sterling slides as UK inflation decelerates as expected
The Pound Sterling (GBP) declines sharply against its major currency peers on Wednesday, following the release of the United Kingdom (UK) Consumer Price Index (CPI) data for…
Gold rises, according to FXStreet data
Gold prices rose in India on Wednesday, according to data compiled by FXStreet.The price for Gold stood at 11,654.24 Indian Rupees (INR) per gram, up compared with the INR…
Japanese Yen struggles to lure buyers amid BoJ uncertainty
The Japanese Yen (JPY) struggles to capitalize on a modest intraday uptick against a softer US Dollar (USD) and remains close to a nine-month low, touched the previous day.…
New Zealand Dollar tumbles below 0.5650 on RBNZ rate cut bets
The NZD/USD pair remains on the defensive near 0.5630 during the early European session on Wednesday. Expectations of an imminent interest rate cut from the Reserve Bank of New…
EUR/JPY softens to near 180.00 on intervention fears
The EUR/JPY cross loses ground to near 180.00 during the early European session on Wednesday. The Japanese Yen (JPY) strengthens against the Euro (EUR) amid speculations that…
UK CPI expected to ease, paving the way for possible BoE rate cuts
The United Kingdom (UK) Office for National Statistics (ONS) publishes the highly relevant Consumer Price Index (CPI) data for October on Wednesday at 07:00 GMT. The market…