USD/JPY falls further to 142.50 on multiple headwinds. Japan Ishiba’s victory in PM elections has strengthened the Japanese Yen. Cooling US inflationary pressures have weighed on the US Dollar. The USD/JPY pair nosedives to near 142.50 in Friday’s North American session. […]
USD/JPY slides further to 142.50 on Ishiba’s victory in PM contest Read More »
EUR/USD reverses intraday losses on softer-than-expected US PCE inflation report for August. Flash French CPI (EU norm) and Spain’s HICP fell below 2% year-on-year in September. Softer-than-expected inflation data from France and Spain has prompted ECB rate cut bets in October.
EUR/USD pares losses as US Dollar sinks after soft US PCE inflation Read More »
EUR/USD moves higher after correcting to near 1.1120 as the US Dollar struggles to extend recovery. Fed Powell’s speech will provide cues about November’s likely interest rate cut size. The ECB could deliver a second consecutive interest rate cut in
EUR/USD rebounds with Fed Powell’s speech on the horizon Read More »
USD/CHF falls sharply from 0.8500 as the SNB reduces its key borrowing rates by 25 bps for the consecutively third meeting. The SNB was expected to cut interest rates due to low inflation environment. Investors await the US PCE inflation
USD/CHF faces sharp sell-off near 0.8500 as SNB cuts interest rates by 25 bps to 1% Read More »
EUR/USD rises slightly above 1.1200 as the Euro gains despite deepening worries over Eurozone economic growth. The ECB is expected to cut interest rates once in any of the remaining two policy meetings this year. The next major trigger for
EUR/USD reclaims 1.1200 as Fed large rate cut bets increase Read More »
