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Forex
GBP/USD gains ground near 1.3400 ahead of UK Q3 GDP data
GBP/USD gains ground after three days of losses, trading around 1.3390 during the Asian hours on Monday. The pair depreciates as the Pound Sterling (GBP) holds ground ahead of the…
Japanese Yen strengthens to near 157.50 amid Fed rate cut expectations
The USD/JPY pair loses ground to near 157.50 during the early Asian session on Monday. The prospect of further US Federal Reserve (Fed) interest rate cuts in 2026 weighs on the US…
Fed’s Hammack says holding rates steady for months is her base case for now
Federal Reserve Bank of Cleveland President Beth Hammack said that monetary policy is in a good place to pause and assess the effects of 75 basis points (bps) of rate cuts in the…
EUR/GBP edges higher as markets reassess BoE and ECB outlooks
The Euro (EUR) rebounds against the British Pound (GBP) on Friday, as investors reassess the monetary policy outlooks of both the Bank of England (BoE) and the European Central…
CPI data may have been pushed down a bit
The President of the New York Federal Reserve (Fed), John Williams, spoke at an interview conducted by the media channel CNBC on Friday.Key TakeawaysSome of the new data has been…
Will take appropriate action against excessive moves
Japan Finance Minister Satsuki Katayama spoke at an online meeting with other G7 finance ministers, where he claimed that most of the G7 finance ministers discussed support for…
USD ends week firmer – Scotiabank
The US Dollar (USD) is closing the week on a stronger footing, rising against all major currencies, with the Japanese Yen (JPY) the clear laggard despite the Bank of Japan’s rate…
CAD softens as broad USD strength caps upside – Scotiabank
The Canadian Dollar (CAD) is edging lower in tandem with its peers as the US Dollar (USD) firms into the end of the week, though downside pressure remains contained. Softer oil…
EUR surrenders post-ECB gains despite hawkish undertone – Scotiabank
The Euro (EUR) failed to sustain gains following the European Central Bank (ECB) decision, even as unchanged rates and upgraded growth projections reinforced the view that the…
GBP rally above 1.34 quickly fades – Scotiabank
Pound Sterling’s (GBP) post-BoE push through 1.34 has reversed alongside a broader US Dollar (USD) rebound, leaving GBP/USD back near the middle of its recent range. A narrow 5–4…