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FX Today: US flash U-Mich gauge and the Canadian jobs report come to the fore

The US Dollar (USD) added to Wednesday's small correction, slipping back to multi-day lows in the context of a widespread recovery in the risk-associated galaxy. In the meantime, the US federal government shutdown extended further, hitting a record with still no solution in sight.
New
update2025.11.07 04:05

Banxico cut rates as expected to 7.25%, Heath dissents again

Banco de Mexico (Banxico) decided to cut interest rates by 25 basis points in a 4 to 1 vote split, to 7.25% with Deputy Governor Jonathan Heath voting to keep rates unchanged at 7.50%.
New
update2025.11.07 04:02

Dow Jones Industrial Average drops 400 points as AI selloff continues

The Dow Jones Industrial Average (DJIA) tumbled 400 points on Thursday, falling to its lowest valuation in nearly two weeks as equity indexes were crushed underfoot by a broad pivot out of AI tech stocks.
New
update2025.11.07 03:52

Gold holds near $4,000 as US shutdown, layoffs boost safe-haven demand

Gold price advances on Thursday after reaching a daily high of $4,019, but retreats below the $4,000 mark even though the US Dollar and US Treasury yields tumbled. At the time of writing, XAU/USD trades with gains of over 0.10% at around $3,985.
New
update2025.11.07 03:28

EUR/USD extends rebound as US Dollar retreats from five-month high

The Euro (EUR) strengthens against the US Dollar (USD) on Thursday amid renewed broad weakness in the Greenback. At the time of writing, EUR/USD is trading around 1.1543, rising to a five-day high after slipping to a fresh three-month low on Wednesday.
New
update2025.11.07 03:26

USD/CHF drops amid US political risks, Swiss Franc safe-haven appeal

USD/CHF weakens on Thursday, down 0.35% around 0.8070 at the time of writing. Risk-off sentiment dominates the markets, supporting demand for safe-haven assets such as the Swiss Franc (CHF), while US political uncertainty continues to weigh on the US Dollar (USD).
New
update2025.11.07 02:54

Fed's Hammack: It will take two to three years to get inflation back to 2%

Federal Reserve (Fed) Bank of Cleveland President Beth Hammack spoke at the Economic Club of New York on Thursday. She said that the federal policy should remain modestly restrictive to lower inflation, and that it will take two to three years to return inflation to 2%.
New
update2025.11.07 02:19

Fed's Barr: The Fed must pay attention to ensuring that the job market is solid

Federal Reserve (Fed) Governor Michael Barr spoke at a virtual event for Fed Communities on Thursday.
New
update2025.11.07 02:07

WTI Crude Oil drops below $59 as market shrugs off Russian refinery strikes

West Texas Intermediate (WTI) US Oil trades at $58.90 on Thursday at the time of writing, down 0.80% on the day, extending its decline for a third consecutive day.
New
update2025.11.07 01:11

USD/JPY weakens amid softer US Dollar, steady Japanese labor and services data

The Japanese Yen (JPY) trades on the front foot against the US Dollar (USD) on Thursday, as the Greenback weakens following a strong multi-day rally. At the time of writing, USD/JPY is trading around 153.13, down over 0.50% on the day.
New
update2025.11.07 01:10

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