© Reuters Investing.com – The U.S. dollar edged lower in thin holiday-affected volumes Friday, amid uncertainty of the future path of U.S. interest rates. At 03:00 ET (08:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, fell 0.3% to 103.555, just above the two-and-a-half month low of 103.17
© Reuters. In Asian trading hours today, the British pound reached its highest level against the Japanese yen in over a week, only to later give up some of those gains. The pair, which had climbed to near 187.65, retreated to approximately 187.25. This fluctuation came as investors reacted to expectations of a shift in
USD/CAD PRICE, CHARTS AND ANALYSIS: Read More: The Bank of Canada: A Trader’s Guide USDCAD has continued to selloff today following a rejection at the 1.3900 resistance level. The decline in the DXY has helped USDCAD push lower as well in what will be a welcomed by the Bank of Canada and Canadian consumers. In
Share: EUR/GBP falls from a 5-month high of 0.8754, currently trading at 0.8705. Eurozone inflation drops to 2.9% in October, while GDP for Q3 misses forecasts, contracting by 0.1%. The Bank of England is expected to keep rates unchanged at 5.25% on November 2, as traders priced in rate cuts towards the end
Share: USD/NOK struck a high since late May on Thursday of 11.276. On Friday, the pair retreated to 11.170, seeing 0.20% losses. The Greenback trades soft in FX markets after PCE data from September. In Friday’s session, the USD/NOK trades with losses, mainly driven by investors taking profits after the pair jumped to
DXY, GBP/USD PRICE, CHARTS AND ANALYSIS: GBP/USD Looks to Recover with a Trendline Break Pending and UK Labor Data Ahead Tomorrow. US Dollar Index Retreat a Welcome for Cable Bulls as Geopolitical Concerns Linger. IG Client Sentiment Shows Retail Traders are Net Long on Cable. As We Take a Contrarian View to Client Sentiment at
© Reuters. Investing.com– Most Asian currencies fell slightly on Monday, while the dollar retreated from recent peaks as investors continued to fret over any potential spillover from the Israel-Hamas war. Appetite for risk-driven Asian currencies remained fragile, while the dollar saw a smidge of profit taking after coming close to 10-month highs last week. Fears
JAPANESE YEN, DXY PRICE, CHARTS AND ANALYSIS: Most Read: Short USD/JPY: A Reprieve in the DXY Rally and FX Intervention by the BoJ (Top Trade Q4) YEN FUNDAMENTAL BACKDROP The Japanese Yen has been a surprise beneficiary of the tension in the middle east. The last 12 months has seen the US Dollar benefit more
Share: USD/MXN edges lower by 0.48% on positive market sentiment and a weakened US Dollar. Despite hawkish remarks from Fed officials, the US Dollar remains under pressure, with the DXY marking minimal gains at 105.45. Upcoming political developments and potential credit rating revisions in Mexico may affect the Peso’s trajectory. The emerging market
© Reuters. Investing.com – The U.S. dollar edged lower in early European trade Thursday after U.S. inflation release, while the euro climbed from recent lows ahead of the European Central Bank’s eagerly-awaited rate-setting meeting. At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1%
