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US Dollar retreats against Canadian Dollar as Fed signals rate cuts, Oil caps CAD recovery

USD/CAD trims losses on Wednesday, back around 1.4040 at the time of writing, after hitting an intraday low of 1.4026. More broadly, the US Dollar (USD) is consolidating against the Canadian Dollar (CAD) after peaking near 1.4080 on Tuesday.
New
update2025.10.16 01:43

USD/JPY retreats as Greenback weakens on trade tensions, Fed easing bets and US fiscal gridlock

The Japanese Yen (JPY) trades on the front foot against the US Dollar (USD) on Wednesday, with USD/JPY extending losses for a second straight day as the Greenback weakens under pressure from escalating US-China trade tensions and a dovish Federal Reserve (Fed) outlook.
New
update2025.10.16 01:05

Banxico Deputy Governor urges caution on rate cuts amid sticky inflation

Banco de Mexico (Banxico) Deputy Governor Jonathan Heath crossed the newswires in a podcast by Grupo Financiero Banorte on Wednesday.
New
update2025.10.16 00:59

GBP/USD climbs as Bessent softens US stance, Powell's dovish tilt

The Pound Sterling recovers some ground, advances 0.60% on Wednesday during the North American session as Sino-US tensions eased on comments of US Treasury Secretary Scott Bessent. The GBP/USD trades at 1.3396 after bouncing off daily lows of 1.3309.
New
update2025.10.16 00:43

AUD/USD rises as RBA flags inflation risks, Fed dovishness weighs on USD

AUD/USD advances by 0.40% to trade around 0.6510 on Wednesday at the time of writing. The Australian Dollar (AUD) gains ground after Sarah Hunter, Assistant Governor of the Reserve Bank of Australia (RBA), warned on Wednesday that inflation risks in the economy remain tilted to the upside.
New
update2025.10.16 00:11

Euro holds ground as trade tensions and Fed easing outlook weigh on the Greenback

The Euro (EUR) is holding firm against the US Dollar (USD) on Wednesday, with EUR/USD attempting to extend its recovery for a second consecutive session as the Greenback comes under modest pressure amid escalating US-China trade war and firm expectations of further interest rate cuts by the Federal
New
update2025.10.15 23:42

Fed's Miran: The economy is more vulnerable to shocks because policy is restrictive

Federal Reserve Governor Stephen Miran spoke at a televised interview on CNBC on Wednesday. He said that there is now more downside risk than there was a week ago, and that with the shift in the balance of risk, it is more urgent to move towards a more neutral policy.
New
update2025.10.15 23:20

Silver Price Forecast: XAG/USD bulls defend uptrend as RSI cools, eyes breakout above $53.77

Silver (XAG/USD) extends its record-breaking advance on Wednesday, trading near $52.60 and up over 2.50% on the day after erasing the previous day's losses.
New
update2025.10.15 22:16

US Treasury's Bessent: We don't want to decouple from China

United States (US) Treasury Secretary Scott Bessent said on Wednesday that China was planning to erect new trade barriers and added that they don't want to escalate, per Reuters.
New
update2025.10.15 21:57

Fed Watch: Frontloaded easing increases inflation risks - ABN AMRO

Yesterday, Federal Reserve Chair Powell spoke at the National Association for Business Economics annual meeting. He stated that the economic outlook appeared unchanged since the FOMC last met in September.
New
update2025.10.15 21:55

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