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GBP/USD rises above 1.3450 on rising odds of further Fed rate cuts
GBP/USD extends its winning streak for the fourth successive session, trading around 1.3460 during the Asian hours on Wednesday. The pair may further appreciate as the US Dollar (USD) faces challenges after soft US jobs data increased the odds of Federal Reserve (Fed) rate cuts.
India Gold price today: Gold steadies, according to FXStreet data
Gold prices remained broadly unchanged in India on Wednesday, according to data compiled by FXStreet.
US government starts closure of most operations
The United States (US) government starts shutting down its operations as Congress fails to advance the funding bill.developing story ...
EUR/USD stays near 1.1750 ahead of potential US government shutdown, HICP inflation
EUR/USD moves little after three days of gains, trading around 1.1730 during the Asian hours on Wednesday. The pair remains steady ahead of the preliminary Eurozone Harmonized Index of Consumer Prices (HICP) due later in the day.
NZD/USD holds losses below 0.5800, as US government set to shutdown
NZD/USD holds losses after registering gains in the previous session, trading around 0.5790 during the Asian hours on Wednesday.
USD/CAD consolidates above 1.3900; weaker Oil prices and dovish BoC lend support
The USD/CAD pair extends its sideways consolidative price move for the second straight day and trades above the 1.3900 mark during the Asian session on Wednesday.
S. Korea, US agree to avoid manipulating exchange rates to gain unfair competitive advantage
South Korea and the United States (US) released a joint statement on a foreign exchange policy agreement on Wednesday.
AUD/USD edges lower to near 0.6600 following Australia's data
The Australian Dollar (AUD) depreciates on Wednesday, with the AUD/USD pair trading around 0.6600 during the Asian hours. The AUD struggles following the data release from Australia.
USD/JPY holds steady near 148.00 mark; upside potential seems limited
The USD/JPY pair attracts some buyers during the Asian session on Wednesday and for now, seems to have snapped a three-day losing streak to sub-148.00 levels.
Fed's Logan: Plan to exercise caution in further reductions
Dallas Federal Reserve (Fed) President Lorie Logan said late Tuesday that he "plans to exercise caution in further reductions."
USD/CHF Price Forecast: Holds 0.7939 support, eyes 0.8000 recovery
The USD/CHF consolidates at around the 20-day Simple Moving Average (SMA) at 0.7955 down 0.05% as Wednesday's Asian Pacific session begins. The technical picture shows that the pair might bottom at around current levels, despite refreshing yearly lows in mid-September at 0.7829.
EUR/USD steadies as shutdown fears weigh on Dollar
EUR/USD holds firm on Tuesday during the North American session, although the Dollar weakens due to fears of a possible government shutdown that could disrupt the release of crucial jobs data for Fed officials. At the time of writing, the pair trades at 1.1735 up a modest 0.05%.
GBP/USD finds uneasy gains ahead of US government shutdown
GBP/USD caught a slight lift on Tuesday, creeping into the 1.3450 region and tilting into a third straight bullish session.
Canadian Dollar middles as investor sentiment slows to a crawl
The Canadian Dollar (CAD) held mostly in place on Tuesday, with market flows broadly drawing down as the US government careens into a funding shutdown.
Fed's Collins warns that rate cuts will follow, but only if the economy meets expectations
Federal Reserve (Fed) Bank of Boston President Susan Collins warned that the Fed could have room to continue interest rate cuts, but only if economic conditions remain on-balance.
Fed's Goolsbee says short government shutdowns are okay
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted on Tuesday that "short" government shutdowns tend to have a limited impact on the broader economy. The statements come at a time when the US government is barreling into a funding gap and subsequent shutdown.
USD/JPY slides as US shutdown fears boost Yen's safe-haven appeal
The Japanese Yen (JPY) gains traction against the US Dollar (USD) on Tuesday, with USD/JPY extending losses for a third straight day as the looming United States (US) government shutdown weighs on the Greenback and bolsters safe-haven demand for the Yen.
Dow Jones Industrial Average slow bleeds as government shutdown looms
The Dow Jones Industrial Average (DJIA) saw a slow bleed on Tuesday, shedding around 150 points as investors braced ahead of what is likely to be a federal government shutdown.
FX Today: Focus shifts to inflation in Europe and US ADP, ISM data
Steady jitters around a potential US government shutdown kept the US Dollar under pressure on Tuesday, adding to the ongoing multi-day weakness hurting the currency. In addition, prospects for extra rate cuts by the Federal Reserve also collaborated with the bearish price action.
BoE's Breeden says recent inflation "hump" shouldn't lead to more inflation
Bank of England (BoE) Monetary Policy Committee (MPC) member and Deputy Governor for Financial Stability, Sarah Breeden, stated on Tuesday that she believes the recent "bump" in inflation won't lead to further, long-term inflationary pressures.
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