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Forex
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…
Australian Dollar remains subdued as US Dollar steadies on Fed outlook
The Australian Dollar (AUD) declines against the US Dollar (USD) on Wednesday after registering more than 0.25% gains in the previous session. The AUD/USD pair remains subdued…
NZD/USD declines below 0.5650 as RBNZ is expected to deliver its final 25 bps rate cut
The NZD/USD pair trades in negative territory near 0.5645 during the early Asian session on Wednesday. The New Zealand Dollar (NZD) weakens against the Greenback amid the imminent…
XAU/USD climbs above $4,050 amid risk-off sentiment
Gold price XAU/USD attracts some buyers to around $4,070, snapping the three-day losing streak during the early Asian session on Wednesday. The precious metal rises amid the…