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Forex Today: Rate cut bets, Fedspeak rule the sentiment

Another constructive session saw the Greenback gather extra steam and advance to three-day peaks on Wednesday, propped up by the equally firm rebound in US yields as well as the steady conviction of interest rate cuts by the Fed later in the year.
New
update2024.05.09 02:28

Mexican Peso pressured as Banxico decision looms

The Mexican Peso remains on the defensive against the US Dollar on Wednesday as investors brace for the Bank of Mexico (Banxico) monetary policy decision on Thursday.
New
update2024.05.09 01:51

Canadian Dollar claws back ground on data-light Wednesday

The Canadian Dollar (CAD) rebounded across broader markets on Wednesday, regaining ground lost in the previous sessions.
New
update2024.05.09 01:40

US Dollar sees mild gains amid remarks from Fed speakers

The US Dollar Index (DXY) is currently trading with mild gains at 105.45.
New
update2024.05.09 01:39

Fed Collins: The job market is coming to a better balance

Federal Reserve Bank of Boston President Susan Collins emphasized that the US economy requires a period of moderation as a means to reattain the central bank's 2% inflation target.
New
update2024.05.09 00:55

GBP/USD Price Analysis: Downtrend remains, despite bouncing off the daily low

In early trading on Wednesday, the Pound Sterling resumed its downtrend against the US Dollar, as the Greenback remained the strongest currency against other peers.
New
update2024.05.08 23:39

NZD/USD Price Analysis: Struggles to counter 0.6000

The NZD/USD pair faces pressure above the psychological figure of 0.6000 in Wednesday's New York session.
New
update2024.05.08 23:34

AUD/USD tumbles to 0.6560 on US Dollar's recovery, RBA's less-hawkish policy stance

The AUD/USD pair witnesses an intense sell-off and falls to 0.6560 in Wednesday's early American session due to multiple headwinds.
New
update2024.05.08 22:48

ECB's Holzmann: No reason to cut key interest rates too quickly and too strongly

European Central Bank (ECB) policymaker Robert Holzmann said on Wednesday that he doesn't see a reason to cut key interest rates "too quickly or too strongly," per Reuters.
New
update2024.05.08 22:42

US Dollar gains ground ahead of batch of Fed speakers

The US Dollar (USD) extends gains on Wednesday, picking up momentum against most Asian peers. Leading the decline in Asian pairs is the Japanese Yen (USD/JPY) which is breaking above 155.00 and has
New
update2024.05.08 20:30

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