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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.
EUR/USD: Levels to watch are 1.0665 and 1.0600 - UOB Group
The Euro (EUR) is expected to trade in a range between 1.0740 and 1.0840.
PBOC: Will continue supportive monetary policy
The People's Bank of China (PBOC) published its third-quarter monetary policy report on Friday, with the key findings noted below.
AUD/USD Price Forecast: Rejection near 100-day SMA supports prospects for deeper losses
The AUD/USD pair fails to capitalize on the previous day's strong move-up to the 0.6700 neighborhood, or a two-week top and retreats from the vicinity of the 100-day Simple Moving Average (SMA) resistance.
China's top legislative body approves bill to raise local government debt ceilings
China's Vice chairman of the National People's Congress (NPC) Financial and Economic Affairs Committee announced on Friday that Beijing approved a bill to raise local government debt ceilings to replace existing hidden debts.
Pound Sterling tries to hold onto recent rebound as BoE Bailey signals gradual rate-cut cycle
The Pound Sterling (GBP) trades lower against the US Dollar (USD) below the psychological resistance of 1.3000 in Friday's London session.
US Dollar Price Forecast: Hovers around 104.50, remains above nine-day EMA
The US Dollar Index (DXY) maintains its position on daily gains, hovering around 104.50 during European trading hours on Friday.
Forex Today: Markets stabilize, investors assess Fed announcements in aftermath of Trump victory
Here is what you need to know on Friday, November 8: Following two days of highly volatile action, financial markets stay relatively quiet early Friday as investors digest the Federal Reserve's (Fed) policy announcements following Donald Trump's victory in the presidential election.
EUR/GBP Price Forecast: Extends downside, initial support level emerges below 0.8300
The EUR/GBP cross remains on the defensive around 0.8310 on Friday during the early European trading hours.
AUD/JPY drops to near 101.50 as Aussie struggles due to fears over Trump tariffs on China
AUD/JPY retraces its recent gains from the previous session, trading around 101.60 during the early European hours on Friday.
USD/CAD Price Forecast: Tests nine-day EMA close to 1.3900 within an ascending channel
The USD/CAD pair gains ground to near 1.3880 during the Asian trading session on Friday.
FX option expiries for Nov 8 NY cut
FX option expiries for Nov 8 NY cut at 10:00 Eastern Time, via DTCC, can be found below.
USD/CHF edges higher above 0.8700 amid renewed US Dollar demand
The USD/CHF pair drifts higher to around 0.8730 during the early European session on Friday.
EUR/JPY drops to two-week low around mid-164.00s, lacks follow-through selling
The EUR/JPY cross remains under some selling pressure for the second successive day and drops to a two-week low, around mid-164.00s during the Asian session on Friday.
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Friday, according to data compiled by FXStreet.
EUR/USD tumbles below 1.0800 on Trump's tariff plan
The EUR/USD pair plunges to near 1.0780 amid the renewed US Dollar (USD) demand on Friday during the Asian trading hours.
GBP/USD Price Forecast: Faces rejection near 100-day SMA, holds above mid-1.2900s
The GBP/USD pair struggles to build on the previous day's positive move and faces rejection near the 100-day Simple Moving Average (SMA) during the Asian session on Friday.
NZD/USD depreciates to near 0.6000 due to Trump's tariff threat on Chinese goods
NZD/USD depreciates as the New Zealand Dollar (NZD) receives downward pressure from the concerns about Donald Trump's proposals to raise tariffs on Chinese goods, given that New Zealand is a close trading partner to China.
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