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Forex
Pound Sterling surges against USD despite upbeat US Nonfarm Payrolls
The Pound Sterling climbs to near 1.2800 against the USD after the release of the US NFP report for November.
Investors expect the Fed to cut interest rates…
Canada Unemployment Rate rises to 6.8% in November vs. 6.6% expected
Unemployment Rate in Canada rose at a faster pace than expected in November.
USD/CAD trades in positive territory near 1.4100 after the data.
The…
Euro whipsaws following US jobs data
The EUR/USD jumps before pulling back to previous levels following the US NFP release.
The US Dollar reacted lower after the data release to bounce up later…
Mexican Peso pulls back from highs on strong US employment data
The Mexican Peso has retreated from two-week highs following upbeat US employment figures.
Futures markets are now pricing bigger chances that the Fed…
EUR/USD Price Analysis: Pair retreats to 1.0550 after testing 1.0600
EUR/USD gives up gains on Friday, settling near 1.0550 after reaching 1.0600.
Pair remains above the 20-day SMA, keeping the short-term outlook slightly…
GBP/USD retreats after flirting with 1.2800
The US Nonfarm Payrolls report showed the economy added 227K new jobs in November.
The Michigan Consumer Sentiment Index jumped to 74 in December.
The…
AUD/USD plummets to fresh four-month lows below 0.6400
The US Dollar strengthened ahead of the weekly close on the back of mixed data.
The Reserve Bank of Australia will announce its decision on monetary policy…
Canadian Dollar tumbles post-NFP
The Canadian Dollar tumbled nearly nine-tenths of a percent on Friday.
Canada added more jobs than expected, but the Unemployment Rate lurched higher.
US…
Fed’s Hammack: The market view of one cut between now and late January is reasonable
Federal Reserve (Fed) Bank of Cleveland President Beth Hammack noted that while she believes it may be time for the Fed to begin slowing the pace of rate cuts,…
US Dollar sees some gains after NFP and sentiment data
DXY trended higher toward 106.00 on Friday.
November’s NFP report showed a large beat on job creation.
Sentiment data from December came in strong.
The…