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Forex
Japanese Yen receives downward pressure from concerns over BoJ policy outlook
The Japanese Yen loses ground after the release of Tokyo CPI inflation data on Friday.
The Tokyo Consumer Price Index rose 2.2% YoY in September, down…
NZD/USD slides to 0.6300 mark, downside seems cushioned ahead of US PCE Price Index
NZD/USD drifts lower amid a modest USD uptick, though the downside seems limited.
The optimism over additional stimulus from China should act as a tailwind…
USD/JPY holds above 145.00 after the Tokyo CPI inflation data
USD/JPY gather strength around 145.20 in Friday’s early Asian session, gaining 0.26% on the day.
Tokyo CPI rose 2.2% YoY in September vs. a 2.6% rise…
PBoC cuts seven-day reverse repo rate to 1.5% from 1.7%, trims Reserve Requirement Ratio (RRR) by 50 bps
The People's Bank of China (PBOC) cut the seven-day repo rate to 1.5% from 1.7% on Friday. Additionally, the Chinese central bank announced to cut the amount…
Fed’s Cook says she ‘wholeheartedly’ supported 50 bps rate cut
Federal Reserve (Fed) Governor Lisa Cook said on Thursday that she endorsed the 50 basis points (bps) interest rate cut last week as a way to address increased…
Gold breaks $2,670 fueled by China’s stimulus, geopolitics
Gold reaches an all-time high of $2,685, buoyed by China’s stimulus and Middle East tensions.
Despite strong US Dollar, Fed’s recent 50 bps rate cut fuels…
Forex Today: Investors now look at US PCE amidst Fed rate cut bets
The Greenback navigated quite a bearish session on Thursday, giving away a big chunk of Wednesday’s gains despite higher yields and amidst a persistently firm…
Mexican Peso stays firm as Banxico lower rates 25 basis points
Mexican Peso is virtually unchanged after hitting a daily high of 19.46.
Banxico cuts rates by 25 bps in a 4-1 vote, with inflation expected to ease by…
Dow Jones Industrial Average recovers balance on Thursday
The Dow Jones rallied 270 points on Thursday as investors recover footing.
US data came in broadly better than expected, easing recession fears.
Despite a…
US Dollar softens after mid-tier economic data
Durable Goods Orders remained almost flat in August.
US GDP grew at an annual rate of 3.0% in the second quarter of 2024.
Initial Jobless Claims in the US…