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Forex
Indian Rupee ticks higher against US Dollar, India’s WPI inflation declines 1.21%
The Indian Rupee (INR) ticks up against the US Dollar (USD) at open on Friday. The USD/INR pair edges lower to near 88.85 as the US Dollar extends its downside. Although the Indian…
USD/CNH stalls below 50-DMA – Société Générale
USD/CNH remains capped by the 50-day moving average at 7.12 and is now testing the lower edge of its range near 7.08, with failure to break higher opening the door to declines…
Pound Sterling weakens as UK mulls avoiding tax hikes in budget
The Pound Sterling (GBP) underperforms on Friday, paring back all the gains seen a day earlier, and looks set to end the week slightly in the red. The British currency trades lower…
The central bank brings back inflation to its 2% target
European Central Bank (ECB) policymaker and Governor of the Central Bank of Latvia Mārtiņš Kazāks said during the European trading session on Friday that there is no need to adjust…
Japanese Yen struggles amid BoJ uncertainty; weaker USD caps USD/JPY
The Japanese Yen (JPY) struggles to attract any meaningful buyers and languishes near a nine-month trough, touched against its American counterpart the previous day. Japan's Prime…
Disney stock plummets 8% on Weaker TV and movie revenue
It was a volatile day for Walt Disney (NYSE:DIS) stock, as shares were down some 8% on mixed fiscal fourth quarter earnings.It didn’t help much that stock markets were plunging on…
Rises towards 1.3200 as US reopening weigh on USD, BoE cut bets mount
GBP/USD slips near 1.3150 as UK government drops plans to raise tax rates
GBP/USD retraces its recent gains from the previous session, trading around 1.3150 during the Asian hours…
Australian Dollar advances as China’s Retail Sales rises in October
The Australian Dollar (AUD) advances against the US Dollar (USD) on Friday, recovering losses registered in the previous session. The AUD/USD pair gains ground following the…
WTI rises to near $60.00 on supply risks due to US sanctions
West Texas Intermediate (WTI) Oil price gains for the second successive session, trading around $59.90, up by more than 2%, during the Asian hours on Friday. Crude Oil prices…
PBOC sets USD/CNY reference rate at 7.0825 vs. 7.0865 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Friday at 7.0825 compared to the previous day's fix of 7.0865 and 7.0964 Reuters…