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Gold slides as December Fed rate cut bets diminish
Gold (XAU/USD) trades on the back foot on Friday, weighed down by fading hopes of a December interest rate cut from the Federal Reserve (Fed). At the time of writing, XAU/USD is…
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EUR/JPY approaches 180.00 on weak data, Yen intervention threats
The Euro snapped a four-day rally against the Japanese Yen on Friday and is dropping about 0.7% on the day so far, reaching session lows at 180.30. The pair is retreating from the…
Foreign investors snap up Japanese government bonds as yields surge
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Foreign investors are piling into long-dated Japanese…
Pound Sterling slumps after poor UK Retail Sales, flash PMI data
The Pound Sterling (GBP) falls sharply against its major currency peers on Friday, following the release of poor United Kingdom (UK) Retail Sales data for October, and preliminary…
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Slight retracement ahead? – OCBC
US Dollar (USD) traded a touch firmer on release of delayed Sep jobs report. DXY was last at 100.12 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.2-way trades…
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EUR/USD picks up with Eurozone business activity figures in focus
EUR/USD is going through a mild recovery on Friday, trading at the 1.1545 area at the time of writing, after bouncing from two-week lows on Thursday, right above 1.1500. The pair,…