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Forex
EUR/JPY returns above 185.00, Yen weakens ahead of Japan’s elections
The Euro (EUR) has resumed its immediate bullish trend against the Japanese Yen (JPY) on Friday. The pair is trading at 185.25 at the time of writing, up from session lows at…
Pound Sterling bounces back, outlook remains fragile on BoE’s dovish hold
The Pound Sterling (GBP) regains ground against its major currency peers on Friday after a sharp fall the previous day, which was driven by the Bank of England’s (BoE) signal that…
Dovish BoE surprises markets – ING
ING's Chris Turner discusses the Bank of England's recent dovish stance, which was unexpected and has shifted market expectations towards potential rate cuts. Turner suggests that…
AUD/CAD rises above 0.9500 ahead of Canada’s labor market data
AUD/CAD remains in the positive territory after recovering its daily losses, trading around 0.9520 during the European hours on Friday. However, the upside of the currency cross…
Australian Dollar recovers recent losses as RBA hike expectations grow
The Australian Dollar (AUD) advanced against the US Dollar (USD), recovered its losses on Friday. The AUD/USD pair faced challenges amid broad-based selling in global equities and…
Japanese Yen holds gains vs. USD amid BoJ rate hike bets, risk-off mood
The Japanese Yen (JPY) sticks to modest recovery gains against a broadly retreating US Dollar (USD) through the Asian session on Friday, though it lacks bullish conviction and…
Gold price in India: Rates on February 6
Gold prices rose in India on Friday, according to data compiled by FXStreet.The price for Gold stood at 14,016.39 Indian Rupees (INR) per gram, up compared with the INR 13,982.07…
EUR/USD strives to gain ground near 1.1770 on improving dovish Fed prospects
The EUR/USD pair attempts to regain ground near 1.1770 during the Asian trading session on Friday. The major currency pair attracts slight bids as the US Dollar ticks down amid an…
USD/CAD pulls back to near 1.3700 as Oil prices rebound
USD/CAD remains steady after paring daily gains, trading around 1.3700 during the Asian hours on Friday. The pullback reflects support for the commodity-linked Canadian Dollar…
Central bank needs to proceed with further rate hikes to complete policy normalisation
Bank of Japan (BoJ) policy board member Kazuyuki Masu said on Friday that Japan has shifted into inflation as policy normalization continues.Key quotesMust be vigilant as inflation…