US finds no major trade partners manipulated currencies By Reuters

[ad_1] © Reuters. FILE PHOTO: A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023.  REUTERS/Kevin Lamarque/File Photo By David Lawder WASHINGTON (Reuters) – The U.S. Treasury on Tuesday said no major trading partners appeared to be manipulating their currencies, but it put

US Dollar looks vulnerable, RBA expected to raise rates

[ad_1] Share: The key event during the Asian session will be the Reserve Bank of Australia meeting, with a rate hike expected. China will release important trade data. Later in the day, Eurostat will release the Producer Price Index. Here is what you need to know on Tuesday, November 7: The US Dollar

GBP/JPY heading towards 186.00 as dovish BoJ continues to crush the Yen

[ad_1] Share: The GBP/JPY is grinding towards 186.00 as Bank of Japan confirms dovish stance. BoJ to continue massive bond purchases despite new operations. GBP/JPY tips into a fresh 9-week high for Monday. The GBP/JPY continues to climb with the Japanese Yen (JPY) continuing to get pushed into the floorboards by the Bank

Holds steady above 160.00, as bull target 161.00

[ad_1] Share: EUR/JPY advance is tempered by proximity to the year-to-date high of 160.84, with a break above potentially signaling further gains. The threat of Japanese intervention has receded, providing room for the pair’s upward trajectory. Key support levels to watch include the Tenkan-Sen at 159.26 and a stronger confluence of support around

EUR/GBP tumbles to half-month low as Pound Sterling recovers

[ad_1] Share: The EUR/GBP is backsliding into 0.8660 as Pound Sterling sees a Friday rebound. EU Retail Sales, UK GDP on the back half of next week’s economic calendar. GBP the big winner for Friday. The EUR/GBP is skidding towards 0.8660 as the market heads into the closing bell for the week, and

EUR/USD closes its best-performing week since June amid weak USD

[ad_1] Share: EUR/USD gained more than 1% on Friday, rising near 1.0730. The USD, measured by the DXY index, will close with a 1.40% weekly loss. The dovish stance of the Fed and weak NFPs from October made the USD tumble. In Friday’s session, the EUR/USD soared to 1.0730, closing a 1.50% gaining