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USD/INR meets upward ceiling due to potential RBI interventions, eyes on 16th BRICS Summit
The Indian Rupee (INR) remains relatively stable against the US Dollar (USD) on Wednesday.
WTI trades with positive bias around mid-$71.00s, just below over one-week top
West Texas Intermediate (WTI) US Crude Oil prices trade with a positive bias for the third successive day on Wednesday and placed around mid-$71.00s during the Asian session.
Japanese Yen weakens further below mid-151.00s against USD, lowest since July 31
The Japanese Yen (JPY) remains on the back foot against its American counterpart and slides to a fresh low since July 31, around the 151.75 region during the Asian session on Wednesday.
USD/CAD maintains position above 1.3800 ahead of the BoC policy decision
The USD/CAD pair moves sideways, trading around 1.3820 during the Asian session on Wednesday, as traders await the Bank of Canada (BoC) interest rate decision later in the North American session.
Australian Dollar depreciates as growing odds of "Trump winning" increase risk aversion
The Australian Dollar (AUD) retraces its recent gains on Wednesday.
PBOC sets USD/CNY reference rate at 7.1245 vs. 7.1223 previous
On Wednesday, the People's Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1245, as compared to the previous day's fix of 7.1223 and 7.1262 Reuters estimates.
Fed's Daly: The economy is clearly in a better place
Federal Reserve Bank of San Francisco President Mary Daly, in a post on social media platform X, said that the economy is clearly in a better place, inflation has fallen substantially and the labor market has returned to a more sustainable path.
EUR/USD tests further into the red, approaches 16-week low
EUR/USD found further room on the low side on Tuesday, easing back another 0.16% and testing into a key technical barrier that could see fresh 16-week lows if the price floor opens up beneath the Euro.
GBP/USD skids to a halt with plenty of central bank talk in the barrel
GBP/USD held steady on Tuesday, testing the waters near the 1.3000 handle.
NZD/USD Price Analysis: Buyers recover, oversold RSI signals potential upturn
Tuesday's session brought a reprieve from the NZD/USD's recent bearish streak, as the pair managed to recoup some of its losses, rising by 0.15% to settle at 0.6045.
Silver Price Forecast: XAG/USD skyrockets to 12-year high, approaches $35.00
Silver price rallied to twelve-year highs of $34.86 on Tuesday, due to risk aversion and even though US Treasury yields are rising.
Australian Dollar rises on hawkish RBA and rising metals prices
The AUD/USD rose by 0.35% to 0.6685 on Tuesday, recovering sharply from 0.6650 amid hawkish signals from the Reserve Bank of Australia (RBA) and hopes for economic stimulus.
Gold hits record high shy of $2,750 amid geopolitical uncertainties, US election
Gold prices extended their gains for the fifth day out of the last six and reached an all-time high (ATH) at $2,748, just shy of the psychological $2,750 mark.
EUR/USD tumbles below 1.0800 on high US yields, ECB officials' remarks
The EUR/USD fell below 1.0800 on Tuesday, late during the North American session, as US Treasury yields climbed.
US Dollar sees mild gains, momentum starts to fade
The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, sees modest gains amidst profit-taking after a sustained rally.
Forex Today: The BoC could follow the Fed with a jumbo rate cut
There was no change in the FX world, which saw the US Dollar gather extra steam for yet another session and clinch fresh tops as investors continued to factor in the "Trump trade", further easing by the Fed and key upcoming US data releases.
Canadian Dollar churns ahead of BoC rate call
The Canadian Dollar (CAD) churned chart paper on Tuesday as Loonie traders shuffle in place ahead of the Bank of Canada's (BoC) impending rate cut due during the midweek market session.
Dow Jones Industrial Average flattens on Tuesday
The Dow Jones Industrial Average (DJIA) struggled to find its feet near the 43,000 handle on Tuesday.
Mexican Peso rebounds off two-month low, ignores weak data
The Mexican Peso recovered some ground against the Greenback on Tuesday after touching a two-month low, shrugging off worse-than-expected data that hinted at the economy slowing down.
USD/JPY Price Forecast: Fluctuates around 151.00, tests key technical levels
The US Dollar prints back-to-back gains against the Japanese Yen on Tuesday but struggles to clear the 151.00 figure decisively.
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