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GBP/USD slips back below 1.30 on Monday's Greenback bounce
GBP/USD twisted into the low side on Monday, kicking off the new trading week with a fresh test south of the 1.3000 handle as Cable traders balk ahead of a hectic week that sees a slew of appearances from central bank figures, as well as an update on global Purchasing Managers Index (PMI) figures.
Fed's Daly: Rate cuts to resume, but policy rate remains dependent on inflation declines
Federal Reserve (Fed) Bank of San Francisco President Mary Daly noted late Monday that while she expects the Fed to continue slowly easing interest rates lower in the coming quarters, the Fed is still maintaining a data-dependent approach.
NZD/USD Price Analysis: Persistent bearish forces, oversold RSI hints at a possible rebound
In Monday's session, the NZD/USD pair extended its downward trajectory, depreciating by a significant 0.70% to settle at 0.6030.
Fed's Schmid: There's been a normalization, not a deteriation, of the labor market
Federal Reserve (Fed) Bank of Kansas President Jeffrey Schmid hit newswires late Monday, noting that recent downturns in US data is more likely a normalization of US labor markets after a period of record over-employment and untenably low unemployment rates, rather than an outright deterioration in the overall US labor market.
NZD/JPY Price Analysis: Range-bound trading persists, 20-day SMA remains strong
In Tuesday's trading session, the NZD/JPY pair has risen by 0.20% to 90.95, reflecting a slight bullish sentiment on the session.
Gold price pauses its advance after hitting record high due to steep US yields
Gold prices hit another record high during Monday's North American session, yet it paused its advance amid elevated US Treasury bond yields and a strong US Dollar.
Australian Dollar declines on resurgent US Dollar demand
The AUD/USD pair has declined in the Monday session, following consistent gains in the US Dollar.
Canadian Dollar buckles further on Monday, declines another quarter percent
The Canadian Dollar (CAD) shed another quarter of a percent against the Greenback at the start of the new trading week.
Forex Today: ECB-speak could unveil some details around the rate path (or not)
The US Dollar accelerated its uptrend and traded at shouting distance from the area of three-month highs on the back of higher yields and the resumption of the "Trump trade" among market participants.
Fed's Kashkari: I see modest cuts over the next quarters
Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari noted on Monday that while the Fed is on the lookout for a rapid destabilization in the US labor market, investors should expect a modest pace of rate cuts over the next few quarters.
Mexican Peso dives amid US election fears, judicial reform concerns
The Mexican Peso plunges more than 0.90% against the US Dollar amid a risk-off impulse and increasing odds that former President Donald Trump leads the polls.
US Dollar rises on safe-haven flows
The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, is slightly higher at the start of the week, supported by safe-haven flows amid geopolitical tensions.
Dow Jones Industrial Average recedes 300 points on Monday pullback
The Dow Jones Industrial Average (DJIA) backslid on Monday, tumbling 300 points and shedding seven-tenths of one percent as equity markets ease back from recent record highs.
USD/JPY Price Forecast: Hits12-week high at around 150.50
The USD/JPY climbed in the mid-North American session on Monday, up by 0.62%.
EUR/USD backslides in broad-market Greenback recovery
EUR/USD pivoted into early losses to kick off the new trading week, cutting a near-term recovery rally short and sending intraday bids tumbling back toward 1.0800.
EUR/GBP Price Analysis: Consolidation continues, indicators remain flat
Given the flat indicators, the overall outlook remains mixed.
JPY: Japanese economic recovery continues - Rabobank
In recent sessions, the USD150 area has been mostly capping the upside for the currency pair.
GBP/USD Price Forecast: Slips below 1.3000 on risk aversion
The Pound Sterling is losing some ground against the Greenback.
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