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Forex Today: Japanese Yen selling pauses, market attention shifts to PMI data
Here is what you need to know on Thursday, October 24: After suffering large losses against its major rivals on Wednesday, the Japanese Yen (JPY) stages a rebound early Thursday.
FX option expiries for Oct 24 NY cut
FX option expiries for Oct 24 NY cut at 10:00 Eastern Time, via DTCC, can be found below.
GBP/USD trades below 1.2950 near 10-week lows, PMI figures awaited
The GBP/USD pair trades around 1.2930 during the Asian session on Thursday, staying near its 10-week low of 1.2907 reached on Wednesday.
EUR/USD recovers further from multi-month low, moves to 1.0800 ahead of flash PMIs
The EUR/USD pair gains some positive traction during the Asian session on Thursday and for now, seems to have snapped a three-day losing streak to its lowest level since early July, around the 1.0760 area touched the previous day.
ECB's Vasle: We should keep going to neutral in measured steps
European Central Bank (ECB) Governing Council member Bostjan Vasle said on Thursday that "we should keep going to neutral in measured steps." Further comments There is no urgency in discussing undershooting the target or going below neutral.
NZD/USD moves above 0.6000 due to little change in US economic activity
NZD/USD gains ground as the US Dollar (USD) faced downward pressure following the release of the Federal Reserve's (Fed) Beige Book on Wednesday.
ECB's Holzmann: I'd say a quarter-point step is probable in December
European Central Bank (ECB) policymaker Robert Holzmann noted in a Bloomberg News interview on Thursday," I'd say a quarter-point step is probable in December." Holzmann added that "a bigger half-point cut is unlikely though not impossible.
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Thursday, according to data compiled by FXStreet.
USD/INR remains confined within a narrow range, 16th BRICS Summit reaches its final day
The Indian Rupee (INR) steadies against the US Dollar (USD) on Thursday, with the USD/INR pair hovering within the 84.00-84.10 range.
Gold Price Forecast: XAU/USD buyers stay hopeful whilst above 38.2% Fibo level at $2,700
Gold price is reversing a part of Wednesday's correction from record highs of $2,759 early Thursday.
Japanese Yen recovers a bit from three-month low against USD, lacks bullish conviction
The Japanese Yen (JPY) is seen oscillating in range against its American counterpart during the Asian session on Thursday and consolidating the previous day's slump to the lowest level since July 31.
Japan's Kato: No comment on FX levels intervention
Japan's Finance Minister Katsunobu Kato said on Thursday that "no comment on FX levels intervention." Further comments Rapid moves seen in recent FX market.
Japan's Aoki: Closely watching FX moves with a sense of urgency
Japan's Deputy Chief Cabinet Secretary Kazuhiko Aoki said on Thursday that he is "closely watching FX moves with a sense of urgency." Key quotes No comment on FX levels.
Australian Dollar gains ground following domestic PMI release
The Australian Dollar (AUD) edges higher against the US Dollar (USD) after the release of the domestic Purchasing Managers Index (PMI) on Thursday.
PBOC sets USD/CNY reference rate at 7.1286 vs. 7.1245 previous
The People's Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1286, as compared to the previous day's fix of 7.1245 and 7.1284 Reuters estimates.
USD/CAD moves away from post-BoC swing high, slides to 1.3825 on softer USD
The USD/CAD pair edges lower during the Asian session on Thursday and moves away from its highest level since August 5, around the 1.3860-1.3865 zone touched the previous day.
EUR/USD sinks again, taps new 16-week bottom
EUR/USD shed another fifth of a percent on Wednesday as the Fiber crumples ahead of Thursday's fresh round of Purchasing Managers Index (PMI) figures.
GBP/USD skids into new ten-week low ahead of global PMI prints
GBP/USD shed another half of a percent on Wednesday, tipping into a fresh ten-week low and grinding down toward the 1.2900 handle.
NZD/USD Price Analysis: Bears in control as selling momentum intensifies
The NZD/USD pair continued its downward trajectory on Wednesday, falling towards the 0.6000 psychological level as selling momentum resumed.
BoJ's Ueda: It's taking us time to get to 2% inflation
Bank of Japan (BoJ) Governor Kazuo Ueda noted late Wednesday that the BoJ continues to grapple with igniting inflation expectations in Japan.
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