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ECB's Cipollone: Central bank should cut rates further to support recovery
European Central Bank (ECB) board member Piero Cipollone said on Friday that central bank should cut interest rates further to support the recovery in the Eurozone and also in the face of potential new trade tariffs in the US, per Reuters.
AUD/USD posts modest gains above 0.6450 despite stronger US Dollar, eyes on RBA Meeting Minutes
The AUD/USD pair trades on a stronger note around 0.6460 during the early Asian session on Monday.
NZD/USD Price Analysis: Pair saw a volatile session, high near 20-day SMA then retreated
The NZD/USD saw a volatile session on Friday, initially soaring to a high around 0.5970 near the 20-day Simple Moving Average (SMA) before erasing all the gains towards 0.5850.
Canadian Dollar crumples even further on Friday
The Canadian Dollar (CAD) found fresh lows on Friday as broader markets continues to pivot into the safe haven Greenback.
Australian Dollar finishes the week with a rebound as the USD eases
The AUD/USD pair rose by 0.20% to 0.6460 in Friday's session.
Mexican Peso gains despite Moody's negative outlook
The Mexican Peso recovered some ground against the US Dollar during the North American session, shrugging off Moody's adjustment on Mexico's credit outlook and upbeat US Retail Sales data.
Fed's Goolsbee: The Fed needs to focus on longer trends.
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted on Friday that markets tend to overreact to interest rate changes, and that the Fed should maintain a slow and steady approach to reaching the neutral rate.
US Dollar eases five-day winning streak on profit-taking
The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, failed to secure a sixth consecutive day of gains in a volatile trading Friday.
GBP/USD Price Forecast: Stumbles on soft UK data, bears target 1.2600
The Pound Sterling extends its agony and printing losses for the sixth straight day against the Greenback.
Fed's Collins: I don't see a big urgency to lower rates
Federal Reserve (Fed) Bank of Boston President Susan Collins hit the wires on Friday, downplaying pressures for continued rate cuts in the near term, but also keeping a steady hand underneath market expectations of a rate trim in December.
EUR/JPY Price Analysis: Pair finally broke down below support and fell towards 163.00.
The EUR/JPY currency pair witnessed a significant decline on Friday, losing 0.72% to reach a low of 163.10.
USD/CHF Price Forecast: Reaches overbought levels
USD/CHF continues rising in its established uptrend but it has now reached overbought levels (above 70) according to the Relative Strength Index (RSI) momentum indicator.
EUR/JPY Price Prediction: Threatening to reverse the trend and extend its decline
EUR/JPY is threatening to reverse its medium-term uptrend and begin a new downtrend.
US: Retail Sales rose by 0.4% MoM in October
The US Census Bureau reported that Retail Sales expanded by 0.4% in October vs.
GBP/USD: Steadies after mild technical rebound from Thursday's low - Scotiabank
This morning's round of UK data was broadly weaker than forecast--Industrial Production fell 0.5% in September as manufacturing slumped, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EUR/USD: Chance to squeeze a little higher - Scotiabank
The European Commission's economic outlook anticipates a pick up in the region's economy this year and next as consumer demand and business investment pick up, Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBP/CAD Price Prediction: Vulnerable to more downside as bears hunt targets
GBP/CAD has broken out of a bearish Rising Wedge pattern and started to decline.
USD/CAD: Wider interest rate differential is a major headwind - Scotiabank
The Canadian Dollar (CAD) has edged marginally higher versus a generally softer USD on the session.
USD consolidates gains - Scotiabank
The US Dollar's (USD) sharp, post-election advance has moderated a little today, reflecting some drift in US short rates and perhaps some consolidation in USD-bullish positioning, Scotiabank's Chief FX Strategist Shaun Osborne notes.
CNY: Who cares about fundamentals - Commerzbank
This morning's monthly data from China offered both light and shade, with the hope of stabilisation at a low level following the stimulus measures of recent months perhaps slightly outweighing.
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