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Forex
Forex Today: An impasse is likely ahead of the FOMC meeting
The Greenback came under renewed downside pressure following further cooling of the US labour market as well as extra signs that disinflationary pressures…
Mexican Peso soars on reform momentum, mixed US data
Mexican Peso climbs after judiciary reform approval with state-level voting underway to finalize the constitutional change.
Moody’s warns the reform could…
US Dollar declines on weak labor and inflation data
Weak labor data led to a decline in the US Dollar during Thursday session.
Initial Jobless Claims remained at 230K, indicating a persistent labor market.…
Pound Sterling Price News and Forecast: GBP/USD gains ground on soft US jobs data
GBP/USD Price Forecast: Gains ground on soft US jobs data
The Pound Sterling advanced modestly against the US Dollar on Thursday after economic data showed…
EUR/USD gains after ECB announces interest rate cut, US annual PPI slows
EUR/USD recovers from 1.1000 after the ECB cuts its key borrowing rates by 25 bps, as expected.
This is the second interest rate cut decision by the ECB in…
USD/JPY declines to 142.00 as soft US annual PPI weighs on US Dollar
USD/JPY slumps to near 142.00 as the US Dollar corrects after the US PPI report release.
The US headline and core PPI for August came in…
AUD: Turning points – Rabobank
The AUD is in an interesting position. On one hand it should be able to draw support from the fact that the RBA is one of the most hawkish central banks in the…
Silver rallies 2.0% after release of US “factory gate” inflation data
Silver spikes higher following the release of mixed Producer Price Index data.
Although the annual figures came in lower-than-expected, the monthly data…
CAD holds rebound back through 200-DMA – Scotiabank
The CAD is little changed on the session, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
Spreads are headwind for CAD gains
“Yesterday’s brief rally…
European Central Bank set to cut interest rates, Lagarde to inject volatility around EUR/USD
The European Central Bank is expected to cut key rates by 25 bps at the September policy meeting.
ECB President Christine Lagarde’s presser and updated…