News

USD/CAD posts mild gains above 1.3800 as crude oil dips

The USD/CAD pair trades with mild gains near 1.3810 during the early European session on Wednesday. A fall in crude oil prices exerts some selling pressure on the commodity-linked Canadian Dollar (CAD) against the Greenback.

Source  Fxstreet1767765590
GBP/JPY moves away from multi-year top, holds above 211.00 amid mixed cues

The GBP/JPY cross turns lower for the second straight day on Wednesday and moves away from its highest level since August 2008, around the 212.15 region, touched the previous day.

Source  Fxstreet1767764851
USD/CHF softens to near 0.7950 as Venezuela crisis supports Swiss Franc

The USD/CHF pair trades in negative territory near 0.7950 during the early European session on Wednesday. The US Dollar (USD) weakens against the Swiss Franc (CHF) amid persistent geopolitical tensions and dovish comments from the US Federal Reserve (Fed) officials.

Source  Fxstreet1767762100
NZD/USD consolidates below 0.5800 ahead of US data-packed day

The NZD/USD pair trades in a tight range around 0.5785 during the late Asian trading session on Wednesday. The Kiwi pair meanders as the US Dollar (USD) trades calmly ahead of a slew of United States (US) economic data, releasing in the North American session.

Source  Fxstreet1767761965
USD/INR slumps at open while US Dollar trades steady ahead of key US data

The Indian Rupee (INR) gains sharply against the US Dollar (USD) at the open on Wednesday, with the USD/INR pair slumping almost 0.5% to near 89.80.

Source  Fxstreet1767760864
GBP/USD climbs above 1.3500 as US Dollar weakens ahead of ISM Services PMI

GBP/USD gains some ground after registering modest gains in the previous session, trading around 1.3510 during the Asian hours on Wednesday.

Source  Fxstreet1767760654
EUR/JPY trades with modest gains above 183.00 ahead of Eurozone CPI report

The EUR/JPY cross attracts some buyers during the Asian session on Wednesday, and for now, seems to have snapped a three-day losing streak amid a broadly weaker Japanese Yen (JPY).

Source  Fxstreet1767756624
EUR/USD Price Forecast: Trades around 1.1700 after rebounding from 50-day EMA

EUR/USD gains ground after three days of losses, trading around 1.1700 during the Asian hours on Wednesday. On the daily chart, technical analysis indicates a potential for a bearish bias; the 14-day Relative Strength Index (RSI) at 47 (neutral) confirms waning momentum.

Source  Fxstreet1767755445
Japanese Yen remains depressed amid fiscal concerns, BoJ rate hike doubts

The Japanese Yen (JPY) remains on the back foot against its American counterpart through the Asian session on Wednesday, though any meaningful depreciating move seems elusive.

Source  Fxstreet1767754871
Silver Price Forecast: XAG/USD declines to near $80.00 as traders book profits

Silver price falls to near $80.15 during the Asian trading hours on Wednesday. The white metal edges lower as traders book some profits ahead of the key US economic data later this week. Traders brace for the US ISM Services Purchasing Managers Index (PMI) report on Wednesday.

Source  Fxstreet1767754103
USD/CAD holds gains above 1.3800 amid lower Oil prices

USD/CAD extends its gains for the fourth successive session, trading around 1.3810 during the Asian hours on Wednesday. The pair appreciates as the commodity-linked Canadian Dollar (CAD) struggles amid lower Oil prices.

Source  Fxstreet1767753761
Australian Dollar advances after recovering recent losses

The Australian Dollar (AUD) rises against the US Dollar (USD) on Wednesday, continuing its winning streak for the fourth successive session. However, the AUD/USD pair faced challenges following the release of Australia's November Consumer Price Index (CPI).

Source  Fxstreet1767752833
AUD/JPY weakens below 105.50 after softer Australian CPI inflation data

The AUD/JPY cross declines to around 105.40, snapping the four-day winning streak, during the Asian trading hours on Wednesday. The Australian Dollar (AUD) faces some selling pressure against the Japanese Yen after the infla

Source  Fxstreet1767749626
PBOC sets USD/CNY reference rate at 7.0187 vs. 7.0173 previous

On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0187 compared to the previous day's fix of 7.0173 and 6.9896 Reuters estimate.

Source  Fxstreet1767748531
GBP/USD consolidates around 1.3500; looks to US macro data for fresh impetus

The GBP/USD pair oscillates in a narrow range, around the 1.3500 psychological mark during the Asian session on Wednesday, and for now, seems to have stalled the previous day's retracement slide from its highest level since September 18.

Source  Fxstreet1767745691
USD/JPY advances above 156.50 as risk-on sentiment undermines Japanese Yen

The USD/JPY pair gains ground to near 156.65 during the early Asian session on Wednesday. The Japanese Yen (JPY) softens against the US Dollar (USD) as the impact of the shock US capture of Venezuelan President Nicolas Maduro over the weekend was short-lived, undermining the safe-haven currency.

Source  Fxstreet1767741578
EUR/USD slides below 1.1700 as slowdown in Europe, weighs

The EUR/USD dives over 0.28% on Tuesday even though economic data in the United States (US) was mixed, while Federal Reserve officials delivered neutral-to-dovish comments. Meanwhile, data in the Eurozone shows that economic activity is decelerating in the bloc.

Source  Fxstreet1767736897
USD/JPY strengthens as US yields rise and Dollar gains momentum

The Japanese Yen (JPY) weakens against the US Dollar (USD) on Tuesday, with USD/JPY reversing the previous day’s losses as the Greenback strengthens across the board, while US Treasury yields move higher. At the time of writing, the pair is trading around 156.70, up nearly 0.23% on the day.

Source  Fxstreet1767722382
GBP/USD slides below 1.3550 as Dollar rebounds despite soft US PMIs

The Pound Sterling retreats after reaching a daily high of 1.3567 as the Greenback stages a recovery despite posting weaker Purchasing Managers Index (PMI) data, and neutral Fed officials remarks. The GBP/USD trade at 1.3519, down 0.15% at the time of writing.

Source  Fxstreet1767714800
Canadian Dollar softens amid subdued Oil prices and a firm US Dollar

The Canadian Dollar (CAD) softens against the US Dollar (USD) on Tuesday, with USD/CAD holding an upward bias as the Greenback holds firm despite cautious Federal Reserve (Fed) commentary and softer US S&P Global Purchasing Managers Index (PMI) data.

Source  Fxstreet1767713576
EUR/USD declines as Eurozone data weighs, US labor reports awaited

EUR/USD trades in a volatile environment on Tuesday and is hovering around 1.1710 at the time of writing, down 0.15% on the day. The pair has erased earlier gains as disappointing European macroeconomic indicators have revived concerns about the Eurozone growth outlook.

Source  Fxstreet1767712970
GBP/JPY slips as quieter markets and weaker UK PMI readings cap upside

The British Pound (GBP) edges lower against the Japanese Yen (JPY) on Tuesday, with GBP/JPY paring part of the previous day's gains amid quieter market conditions.

Source  Fxstreet1767708155

Germany Consumer Price Index (YoY) declined to 1.8% in December from previous 2.3%

Source  Fxstreet1767704498

Germany Consumer Price Index (MoM) registered at 0%, below expectations (0.2%) in December

Source  Fxstreet1767704486

Germany Harmonized Index of Consumer Prices (MoM) registered at 0.2%, below expectations (0.4%) in December

Source  Fxstreet1767704404

Germany Harmonized Index of Consumer Prices (YoY) below forecasts (2.2%) in December: Actual (2%)

Source  Fxstreet1767704403
EUR/CHF steadies after softer PMIs, inflation data in focus

The Euro (EUR) holds firm against the Swiss Franc (CHF) on Tuesday as traders digest a heavy slate of Eurozone economic data. At the time of writing, EUR/CHF trades around 0.9289, snapping a two-day losing streak.

Source  Fxstreet1767704178
NZD/USD pulls back below 0.5800 as markets turn cautious

The New Zealand Dollar’s rebound from the 0.5740 area on Monday has failed to find follow-through above the 0.5800 level during Tuesday’s European session, and the pair pulled back to the 0.5790 area, heading into the US session opening.The risk-on mood seen on Monday’s US trading session and Tuesda

Source  Fxstreet1767702950
AUD/USD eases from highs and nears 0.6700 in hesitant markets

Australian Dollar’s recovery has been capped at the 0.6740 area on Tuesday, and the pair retreated during the European session to trade at the 0.6715 area at the time of writing, practically flat on the daily chart.

Source  Fxstreet1767700916
EUR/GBP holds steady as markets await German inflation data

EUR/GBP trades around 0.8660 on Tuesday at the time of writing, virtually unchanged on the day, as market participants adopt a cautious stance ahead of the release of preliminary inflation figures from Germany.

Source  Fxstreet1767699902
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