Banxico seen cutting rates to 7.50% in September – Reuters
[ad_1] All 24 economists surveyed expect Banxico to lower rates despite inflation ticking up to 3.57% in August. Bank of…
Category: Forex News
EUR is underperforming most G10 on softer data – Scotiabank
[ad_1] The Euro (EUR) is down 0.2% vs. the USD and a relative underperformer against most of the G10 currencies,…
EUR/USD dives further amid a firmer US Dollar and dovish ECB speak
[ad_1] The Euro dips to fresh session lows below 1,1750 after ECB Centeno’s dovish comments. Stronger-than-expected US jobless claims and…
EUR/GBP climbs to six-week highs as UK stagflation concerns weigh on Sterling
[ad_1] EUR/GBP extends gains for a second day, climbing to six-week highs. The British Pound is under pressure despite stronger…
US Dollar looks at post-Fed speeches for direction
[ad_1] The US Dollar (USD) is up on Friday, with the US Dollar Index (DXY) trading at 97.74, up 0.4%…
Gold edges higher as Fed easing outlook cushions downside
[ad_1] Gold trades near $3,670 on Friday, snapping a two-day losing streak after the Fed’s interest rate cut. The US…
XAG/USD recovery holds above $41.50 as buyers regain momentum
[ad_1] Silver extends its recovery on Friday after testing support near the $41.50. A retest of the 14-year high at…
Silver Price Forecast: XAG/USD steadies above $41.50
[ad_1] Silver rebounds modestly on Thursday, trimming intraday losses after sliding to a five-day low on Wednesday. Dip-buying emerges near…
GBP/USD sinks below 1.3500 as ‘King Dollar’ regains strength post-Fed
[ad_1] GBP/USD trades below 1.3480 as the US Dollar steadies near 97.60 after the Fed’s 25 bps rate cut. UK…
Aussie lower ahead of September PMI data
[ad_1] The Australian Dollar (AUD) is trading slightly lower against the US Dollar (USD) on Friday, with the AUD/USD pair…