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Forex
USD/CAD remains above 1.4100 near six-month highs despite Fed rate cut odds
USD/CAD continues its winning streak that began on October 30, trading around 1.4120 during the Asian hours on Friday. The pair remains near the six-month high of 1.4140, reached…
Australian Dollar inches lower ahead of China’s Trade Balance data
Australian Dollar (AUD) declines against the US Dollar (USD) on Friday, extending its losses for the second successive session. The AUD/USD pair remains weaker ahead of China’s…
Gold remains rangebound as investors weigh US-China talks and Russia sanctions
Gold (XAU/USD) fluctuates within a tight range on Thursday, consolidating after a sharp correction from historic highs. At the time of writing, XAU/USD is trading around $4,115,…
Pound Sterling ticks lower against US Dollar, US CPI comes under spotlight
The Pound Sterling (GBP) drops slightly to near 1.3340 against the US Dollar (USD) during the European trading session on Thursday. The GBP/USD pair edges down after comments from…
BoE’s Dhingra: US tariffs to put downward pressure on UK inflation
Bank of England (BoE) Monetary Policy Committee (MPC) member Swati Dhingra said in a speech at a research conference hosted by Ireland's central bank on Thursday that the United…
Likely to trade in a sideways range of 1.3330/1.3380 – UOB Group
Downward momentum has eased with the rebound; Pound Sterling (GBP) is likely to trade in a sideways range of 1.3330/1.3380. In the longer run, GBP is likely to edge lower within a…
AUD/USD gains sharply to near 0.6510, broadly remains confined ahead of US inflation data
The AUD/USD pair trades 0.3% higher to near 0.6510 during the European trading session on Thursday. However, the Aussie pair has been trading inside the three-day-long trading…
SNB minutes rule of fears of inflation remaining persistently negative
The latest minutes from the Swiss National Bank’s (SNB) September monetary policy meeting express that interest rates won’t fall into negative territory as inflationary pressures…
Australian Dollar recovers losses on optimism surrounding US-China trade deal
The Australian Dollar (AUD) gains ground against the US Dollar (USD) on Thursday after recovering from daily losses. However, the AUD/USD pair faced challenges as traders adopt…
EUR/USD edges down to near 1.1600 as US Dollar bounces back, US inflation data in focus
The EUR/USD pair ticks lower to near 1.1600 during the late Asian trading session on Thursday. The major currency pair faces slight selling pressure as the US Dollar (USD) gains…