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EUR/USD: Downside bias on the daily charts - OCBC
The Euro (EUR) rebounded overnight but continued to trade near recent lows.
DXY: Still 2-way trades on the day - OCBC
The US Dollar (USD) fell, alongside decline in UST yields. FX volatility eased further.
Asian currencies: A more volatile environment - Commerzbank
Asian currencies have been on a roller-coaster ride in the past three months or so.
Riksbank does frontloading and is ready for more - Commerzbank
The Riksbank went all out yesterday by cutting the policy rate by 50 basis points from 3.25% to 2.75%, while signaling that more could follow: 'The policy rate may also be cut in December and during the first half of 2025, in line with what was communicated in September.' This confirms the view that the Riksbank was planning on 75 basis points by the end of the year anyway and has therefore taken the big step yesterday, only to follow up with another 25 basis points in December, Commerzbank's FX analyst
US Dollar steadies after wild ride, with Powell shrugging off politics
The US Dollar (USD) stablizes around the mid-104.00 region on Friday after founding support as investors digest the Federal Reserve's (Fed) decision to lower its monetary policy rate by 25 basis points to the 4.50%-4.75% range on Thursday.
GBP: BoE remains cautious - ING
BoE's MPC has not given the market a clear conclusion of what the budget could mean for the economy, and once again there is no strong guidance on how fast rates can be cut, ING's FX analyst Francesco Pesole notes.
Norges Bank does not provide any indication of earlier cuts - Commerzbank
As expected, Norges Bank left the policy rate at 4.50% yesterday.
USD/JPY extends correction to near 152.00 on Japan's intervention alert
The USD/JPY pair falls further to near 152.00 in European trading hours on Friday.
EUR: Bearish bias remains unchanged - ING
EUR/USD traded briefly above 1.080 yesterday on the back of the broad-based unwinding of post-election USD longs.
USD/JPY: USD is likely to trade in a range - UOB Group
Upward momentum has slowed sharply and quickly; a break of 152.50 means that USD is likely to trade in a range instead of heading higher, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD: This isn't a Trump trade rethink - ING
A large portion of the election move in the US Dollar (USD) has been unwound.
Mexican Peso trades mixed after recovering following Fed decision to cut rates
The Mexican Peso (MXN) trades mixed in its key pairs on Friday during the European session after rising up and meeting resistance near the top of a falling channel it has been steadily declining in since Mexico's June elections.
NZD/USD: Can edge higher to 0.6075 - UOB Group
Instead of continuing to advance, the New Zealand Dollar (NZD) is more likely to trade in a 0.5980/0.6040 range.
NZD/USD Price Forecast: Recovery stalls near 20-day EMA
The NZD/USD pair struggles to extend Thursday's recovery move above 0.6050 and corrects to near the psychological support of 0.6000 in Friday's European session.
Bank of England delivers hawkish rate cut - Commerzbank
As expected, the Bank of England (BoE) yesterday cut interest rates by 25 basis points and lowered its inflation forecast for the fourth quarter, Commerzbank's FX analyst Michael Pfister notes.
AUD/USD: Bulls are set to test 0.6700 before a pause is likely - UOB Group
Sharp bounce appears to be overdone, but there is a chance for the Australian Dollar (AUD) to test 0.6700 before a pause is likely.
EUR/USD resumes decline as Trump victory keeps US Dollar upbeat outlook intact
EUR/USD faces selling pressure near the key resistance of 1.0800 in European trading hours on Friday.
How strong will the Trump Dollar be? - Commerzbank
The US Dollar may well appreciate somewhat further in the coming weeks and months once the consequences of Trump's election victory have been fully priced in, Commerzbank's FX analyst Ulrich Leuchtmann notes.
GBP/USD: Likely to trade sideways between 1.2930 and 1.3010 - UOB Group
Instead of continuing to advance, the Pound Sterling (GBP) is more likely to trade sideways between 1.2930 and 1.3010.
Not much news from the Fed - Commerzbank
Yesterday's FOMC decision and the subsequent press conference with Fed Chairman Jerome Powell did not really reveal much that was new.
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