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Forex
PBOC sets USD/CNY reference rate at 7.0949 vs. 7.0968 previous
On Friday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.0949 compared to the previous day's fix of 7.0968 and 7.1154 Reuters…
GBP/USD extends bullish rebound, tests 1.3450 amid Fed rate cut bets
GBP/USD stepped into a second straight winning session on Thursday, around three-tenths of one percent and bringing Cable’s two-day recovery to a little over one percent,…
Japanese Yen strengthens above 150.00 on Fed rate cut bets, ongoing US government shutdown
The USD/JPY pair loses ground to near 150.30 during the early Asian session on Friday. The US Dollar (USD) weakens against the Japanese Yen (JPY) as traders assess the prospects…
USD/CHF dips as trade tensions escalate, Fed cuts eyed
USD/CHF falls 0.20% on Thursday, trading around 0.7950 at the time of writing after hitting a two-week low of 0.7933 earlier in the day. The US Dollar (USD) remains under pressure…
Final inflation figures in the euro area take centre stage
The US Dollar (USD) retreated further on Thursday, clinching multi-day lows as investors continued to assess prospects for rate cuts by the Fed and the impact on the economy of a…
Dow Jones slides 300 points as regional banks waver
The Dow Jones Industrial Average (DJIA) grappled in the middle of a deepening consolidation zone on Thursday, churning on both sides of 46,200 and declining around 300 points on…
GBP/USD extends recovery amid US Dollar softness and modest UK GDP growth
The British Pound (GBP) strengthens against the US Dollar (USD) on Thursday, extending gains for the second day in a row. At the time of writing, GBP/USD is trading around 1.3431,…
USD/JPY extends losses for a third day on broad Greenback softness
The Japanese Yen (JPY) extends its winning streak for a third consecutive day against the US Dollar (USD) on Thursday, as the Greenback slides to a multi-day trough amid lingering…
AUD/USD dips below 0.6500 as unemployment rises, RBA cuts eyed
AUD/USD declines by 0.38% on Thursday to trade around 0.6490 at the time of writing, back below the 0.6500 mark, weighed down by weaker-than-expected labor market data pointing to…
USD/CAD steadies amid US-China trade tensions, markets await BoC Governor’s speech
The Canadian Dollar (CAD) steadies against the US Dollar (USD) on Thursday as the Greenback remains under pressure amid escalating US-China trade tensions and growing expectations…