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USD/CAD extends downside below 1.3600 on downbeat US ADP employment data
The USD/CAD pair trades in negative territory near 1.3585 during the early Asian session on Thursday. The US Dollar (USD) remains under selling pressure amid mounting US debt concerns, tariff policies uncertainty and rising interest rate cut bets.
USD/JPY Price Forecast: Struggles at 144.00 and falls, as Trump slams Powell again
The USD/JPY registered modest gains on Wednesday, with the pair closing up 0.18%, finishing the session below 143.70. As Thursday's Asian session begins, the pair trades at 143.63, virtually unchanged.
AUD/USD steadies ahead of trade data from Australia and US NFPs
The Australian Dollar is trading flat against the US Dollar on Wednesday as both economies wait for the release of critical economic data on Thursday.
EUR/USD holds near 1.1800 as soft US jobs data fuels Fed cut bets
The Euro (EUR) posts minimal losses of 0.08% against the US Dollar (USD), trading below the 1.1800 figure on Wednesday. A worse-than-expected US jobs report increased speculation that the Federal Reserve (Fed) might cut interest rates amid growing recession fears in the world's largest economy.
NZD/USD retreats from YTD highs ahead of US Nonfarm Payrolls report
The New Zealand Dollar (NZD) is trading lower against the US Dollar (USD) on Wednesday as markets look ahead to Thursday's US Nonfarm Payrolls (NFP) report.
Fed's Barkin: Expect some tariff inflation, but also consumer pushback
Federal Reserve (Fed) Bank of Richmond President Tom Barkin gave an interview on Fox Business on Wednesday, reaffirming that the Fed is broadly in no rush to cut interest rates in the face of potential fallout from the Trump administration's tariffs.
Canadian Dollar continues upward grind as Greenback falters further
The Canadian Dollar (CAD) rose on Wednesday, gaining another one-third of one percent as choppy downside Greenback momentum gives up further ground. Loonie gains are being cooked up entirely by USD selling pressure, putting CAD bulls in a tricky place and making swing plays a bumpy ride.
USD/CHF steadies near 13-year low ahead of Swiss CPI, US NFP
The Swiss Franc (CHF) is trading flat against the US Dollar (USD) on Wednesday as the greenback finds some footing following an extended decline. The USD/CHF pair is hovering around 0.7913 after reaching an intraday high of 0.7941, holding near its lowest level since July 2011.
Forex Today: US Nonfarm Payrolls will steal the show
The Greenback showed signs of life and charted a meaningful rebound on Wednesday, leaving behind the area of multi-year lows vs. its peers, despite remaining under pressure ahead of the release of crucial US labour market data on Thursday and amid steady concerns on the trade front.
USD/JPY gains modestly as US Dollar stabilizes despite soft ADP report
The Japanese Yen (JPY) loses ground against the US Dollar (USD) on Wednesday, as the Greenback recovers slightly after hitting its lowest level since February 2022 the previous day.
GBP/USD plunges as UK political turmoil rattles markets, Reeves' future in doubt
The Pound Sterling plummets sharply, more than 1.20% or 170 pips, on Wednesday against the Greenback, amid growing speculation that the Chancellor of Exchequer, Rachel Reeves, could be replaced by the Prime Minister, Sir Keir Starmer.
EUR/GBP rallies amid uncertainty over the future of UK Minister Reeves
The Euro (EUR) is surging against the British Pound (GBP) on Wednesday as investors responded to mounting concerns about the UK's fiscal trajectory and political stability.
EUR/JPY trades in tight range as psychological resistance firms at 170.00
The Japanese Yen (JPY) is steadying against the Euro (EUR) on Wednesday as markets continue to monitor trade developments with the United States.
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