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PBOC sets USD/CNY reference rate at 7.1286 vs. 7.1245 previous
The People's Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1286, as compared to the previous day's fix of 7.1245 and 7.1284 Reuters estimates.
USD/CAD moves away from post-BoC swing high, slides to 1.3825 on softer USD
The USD/CAD pair edges lower during the Asian session on Thursday and moves away from its highest level since August 5, around the 1.3860-1.3865 zone touched the previous day.
EUR/USD sinks again, taps new 16-week bottom
EUR/USD shed another fifth of a percent on Wednesday as the Fiber crumples ahead of Thursday's fresh round of Purchasing Managers Index (PMI) figures.
GBP/USD skids into new ten-week low ahead of global PMI prints
GBP/USD shed another half of a percent on Wednesday, tipping into a fresh ten-week low and grinding down toward the 1.2900 handle.
NZD/USD Price Analysis: Bears in control as selling momentum intensifies
The NZD/USD pair continued its downward trajectory on Wednesday, falling towards the 0.6000 psychological level as selling momentum resumed.
BoJ's Ueda: It's taking us time to get to 2% inflation
Bank of Japan (BoJ) Governor Kazuo Ueda noted late Wednesday that the BoJ continues to grapple with igniting inflation expectations in Japan.
NZD/JPY Price Analysis: Bullish momentum strengthens, threatens 92.00
Wednesday's trading session witnessed sustained buying pressure in NZD/JPY, leading to a 0.45% increase to 91.65.
Silver Price Forecast: XAG/USD tumbles after hitting 12-year peak, bearish engulfing looms
Silver price retreats after posting a multi-year high at $34.86, yet erases more than Tuesday's gains, and is down over 3.30 percent.
RBNZ's Orr: Stable inflation is in sight, policy rate to remain restrictive
Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr flagged the potential that the New Zealand central bank may be more "circumspect" when it comes to further rate cuts looking ahead after the RBNZ kicked off a rate cutting cycle this year.
Australian Dollar declines due to renewed US Dollar buying
The AUD/USD pair declined by 0.97% to 0.6620 in Wednesday's session, driven by intensified US Dollar buying and concerns over China's stimulus measures.
Forex Today: Markets' focus shifts to the release of flash PMIs
Further gains saw the Greenback retest the area of three-month tops, helped by a decent bounce in US yields across the curve, persistent uncertainty around the US election and markets' view of a more cautious Fed easing.
Gold plunges from record high as US yields and USD strengthen
Gold price plunges from all-time high of $2,758 on Wednesday as US Treasury yields climbed, while the Greenback refreshes a two-month high, according to the US Dollar Index (DXY).
USD/JPY Price Forecast: Clears key-technical levels, turns bullish above 152.00
The USD/JPY extended its gains sharply during Wednesday in the North American session, sponsored by the close positive correlation with the US 10-year T-note yield, while traders remain concerned about US elections.
Canadian Dollar explores further downside following BoC rate cut
The Canadian Dollar (CAD) receded on Wednesday, backsliding another 0.2% against the US Dollar after the Bank of Canada (BoC) delivered a widely expected 50 bps rate cut.
US Dollar marches higher, nears multi-month highs
The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, rose near a three-month high as traders flocked to the US Dollar on Wednesday.The rally was driven by persistent global economic divergence, a more hawkish Federal Reserve (Fed), and upbeat US growth projections by the International Monetary Fund (IMF).
Dow Jones Industrial Average backslides 350 points on Wednesday
The Dow Jones Industrial Average (DJIA) is on pace to grapple with a losing week, something the major equity index hasn't had to do since August.
Mexican Peso rebounds despite posting disappointing Retail Sales
The Mexican Peso stages a comeback against the US Dollar on Wednesday, after further data revealed the economy continues to underperform, which could push the Bank of Mexico (Banxico) to lower borrowing costs at the upcoming meeting.
EUR/GBP Price Analysis: Buyers make a stride, outlook remains negative
The EUR/GBP pair continues to consolidate its position, experiencing a mild uptick in Wednesday's session to 0.8330.
BoC to quickly return to a more neutral policy stance - NBC
There may have been some headline uncertainty going into this decision, but markets and economists were clearly leaning towards this outcome.
GBP/USD Price Forecast: Dips below 100-day SMA, sellers target 1.2900
The Pound Sterling extended its losses for the third straight day against the Greenback amid a scarce economic docket in the UK that will feature remarks of Bank of England (BoE) Governor Andrew Bailey.
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