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Share: The XAU/USD sees a boost, ascending to the $2000 level. The US Dollar weakened after mixed S&P PMIs. Higher US yields may limit the upside of the metal. The XAU/USD is finding traction in Friday’s session, capitalising on mixed S&P PMIs and a weakening US Dollar. The pair, commonly recognised as
EUR/USD ANALYSIS Weak US dollar providing sustenance for EUR. ECB officials in focus today. EUR/USD hits overbought zone on RSI, is bullish momentum fading? Elevate your trading skills and gain a competitive edge. Get your hands on the Euro Q4 outlook today for exclusive insights into key market catalysts that should be on every trader’s
British Pound Latest: GBP/USD Analysis and Chart Cable gains on US dollar weakness. UK Autumn Statement is released on Wednesday. For all market-moving economic data and events, see the DailyFX Calendar Ahead of this week’s Autumn Statement, UK PM Rishi Sunak is promising to reduce debt and cut taxes in an effort to boost the
© Reuters. TOKYO – Rintaro Tamaki, who served as Japan’s Vice-Minister of Finance for International Affairs from 2009 to 2011, reflected on past interventions in the currency market, particularly during the tumultuous period following the March 2011 earthquake and the Fukushima disaster. He highlighted these interventions aimed at stabilizing markets but also underscored the limitations
© Reuters. FILE PHOTO: Banknotes of Japanese yen are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/Illustration By Tetsushi Kajimoto and Yoshifumi Takemoto TOKYO (Reuters) – A former top Japanese financial official said on Wednesday yen weakness might be caused not only by interest rate differentials between Japan and the United States
Share: The New Zealand Dollar declines across the board on Friday but rebounds late in session. Kiwi weakness comes from a combination of a negative global growth outlook and US Dollar outperformance. Hawkish commentary from Fed Chair Powell set the US Dollar trending higher against the Kiwi, NZD/USD resumes decline. The New Zealand
Share: The USD/CHF rose to a two-week high around 0.9035 near the 20-day SMA. The CHF is one the worst-performing currencies in the session. The US Dollar is trading soft after PCE figures from September. Hawkish bets on the Fed remain low ahead of next week’s meeting. At the end of the week, the
Share: The Euro keeps the bid bias unchanged against the US Dollar. Stocks in Europe close the session with a decent advance across the board. EUR/USD faces immediate target at the 1.0600 hurdle. The USD Index (DXY) meets initial support around 106.30. German Wholesale Prices rose 0.2% MoM in September. US NY Empire State Manufacturing Index
The US Dollar is weaker, after the ADP employment data report lowered the odds of the Fed raising interest rates later in the year. This favoured the Japanese Yen temporarily, although it is too early to conclude that, given that there is still important economic data throughout October that will be important inputs for the
