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GBP/JPY remains tepid around 197.50, awaits BoE Bailey speech
GBP/JPY edges lower after posting gains in the previous session, hovering around 197.50 during European trading hours on Thursday.
ECB's de Guindos: All indicators on core inflation pointing in the right direction
European Central Bank (ECB) Vice President Luis de Guindos said on Thursday that "all indicators on core inflation are pointing in the right direction." Additional quotes Inflation has come down quite a lot.
DXY: Momentum trade - OCBC
The US Dollar (USD) dipped post-CPI (which came in largely in line with estimates) but the dip was short-lived.
USD/JPY: USD can break above 156.00 - UOB Group
Momentum remains robust; the US Dollar (USD) could break above 156.00 but might not be able to maintain a foothold above this level.
Mexican Peso resumes downside after Republicans take Congress
The Mexican Peso (MXN) resumes the slide in its key pairs on Thursday after briefly pausing on Wednesday following the release of US inflation data.
CEE: Restarted dollar rally will keep region under pressure - ING
Yesterday's current account data, despite some surprises, especially in the Czech Republic, where higher dividends offset a strong surplus in previous months, remained without much reaction in the markets, ING's FX analyst Frantisek Taborsky notes.
NZD/USD: Likelihood of NZD dropping to 0.5850 has increased - UOB Group
Further New Zealand Dollar (NZD) weakness appears likely; any decline may not reach the major support at 0.5850.
AUD: Jobs data still arguing for patient RBA - ING
Australia released jobs figures for October overnight. Employment rose by 16k, less than expected and marking a slowdown from September's strong 61k print.
NZD/USD manages to hold above mid-0.5900s, seems vulnerable near multi-month low
The NZD/USD pair prolongs its recent downward trajectory witnessed over the past week or so and drops to its lowest level since August 5, closer to mid-0.5800s on Thursday.
AUD/USD: Expected to edge lower, possibly reaching 0.6460 - UOB Group
The Australian Dollar (AUD) is expected to edge lower, possibly reaching 0.6460.
EUR: Building risk premium - ING
The wide short-term swap rate spread between USD and EUR is justifying a good deal of the ongoing EUR/USD selloff.
GBP/USD: Major support at 1.2665 can be out of reach for now - UOB Group
Weakness in GBP has not stabilised, but the major support at 1.2665 could still be out of reach for now.
USD: Bullish sentiment seemingly untouched - ING
Key FX advice for 2025 is not to overthink US Dollar (USD) strength and to trust the general direction of a stronger USD on the back of Trump's domestic and trade agenda.
EUR/USD: Still expected to weaken - UOB Group
The Euro (EUR) could drop below the 1.0555 low; deeply oversold conditions suggest 1.0500 is unlikely to come under threat.
Australia: Still tight labour market makes near-term rate cut unlikely - UOB Group
Australia's seasonally adjusted unemployment rate came in unchanged at 4.1% in Oct, in line with the consensus estimate, UOB Group's economist Lee Sue Ann notes.
EUR/CAD Price Forecast: Falls toward 1.4750 due to continued bearish price momentum
EUR/CAD extends its losing streak to a fifth consecutive session, trading near the 1.4770 level during early European trading hours on Thursday.
EUR/USD refreshes annual lows as US Dollar extends rally
EUR/USD posts a fresh annual low near 1.0530 in European trading hours and extends its losing streak for the fifth trading day on Thursday.
FX option expiries for Nov 14 NY cut
FX option expiries for Nov 14 NY cut at 10:00 Eastern Time via DTCC can be found below.
EUR/JPY Price Forecast: Further consolidation cannot be ruled out below 164.50
The EUR/JPY cross gains traction to around 164.40 during the early European trading hours on Thursday.
Forex Today: US Dollar frenzy continues ahead of PPI data and Powell
Here is what you need to know on Thursday, November 14: Following a subdued performance on Wall Street on Wednesday, Asian markets turned south amid persistent worries over China's economy, despite the recent stimulus measures rolled out to spur growth.
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