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Japanese Yen extends post-FOMC slide against USD; traders eye upcoming BoJ meeting
The Japanese Yen (JPY) edges lower during the Asian session on Thursday in reaction to the weaker-than-expected release of Core Machinery Orders data from Japan.
AUD/JPY extends the decline to near 97.50 on downbeat Australian employment data
The AUD/JPY cross extends its downside to around 97.65 during the Asian trading hours on Thursday. The Australian Dollar (AUD) weakens against the Japanese Yen (JPY) after the release of the Australian employment report for August.
Australian Dollar declines following employment data
The Australian Dollar (AUD) extends its losses against the US Dollar (USD) on Thursday following the release of domestic labor market data.
PBOC sets USD/CNY reference rate at 7.1085 vs. 7.1013 previous
The People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1085 compared to the previous day's fix of 7.1013 and 7.113 Reuters estimate.
WTI drifts lower to near $63.50 amid US demand concerns
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.60 during the early Asian trading hours on Thursday. The WTI edges lower as data showing an increase in US diesel stockpiles stoked worries about demand.
NZD/USD slumps below 0.5950 as New Zealand's economy shrinks more than expected in Q2
The NZD/USD pair falls to near 0.5935 during the early Asian session on Thursday. The weaker-than-expected New Zealand Gross Domestic Product (GDP) exerts some selling pressure on the Kiwi against the US Dollar (USD).
GBP/USD: BoE has tough act to follow after Fed cuts rates
GBP/USD surged into its highest bids in eleven weeks on Wednesday, bolstered by a spat of broad-market Greenback weakness after the Federal Reserve (Fed) delivered its first interest rate cut of the year, and the dot plot shifted lower to incorporate more rate cuts in the future than the previous Fe
USD/JPY rebounds above 146.50 as Fed cuts rate for first time this year
The USD/JPY pair recovers some lost ground around 146.80 during the early Asian session on Thursday. The US Dollar (USD) bounces off the six-week lows near the 146.00 neighborhood after the Federal Reserve (Fed) cut interest rates by a quarter of a percentage point.
AUD/USD drops on Fed's hawkish cut, Aussie jobs data eyed
The Australian Dollar reversed course on Wednesday, tumbled over 0.48% as the Greenback staged a recovery following the Fed's decision to cut rates by 25 basis points. Although it usually would be negative for the Dollar, the AUD/USD fell from around 0.6707 to current levels at around 0.6652.
EUR/CHF slides as Euro struggles post-inflation data
The Euro (EUR) trades under pressure against the Swiss Franc (CHF) on Wednesday, with EUR/CHF extending losses for the second straight session as the common currency struggles to gain traction following Eurozone inflation data.
Australia unemployment rate expected to remain unchanged at 4.2% in August
Australia will release its August monthly employment report on Thursday at 1:30 GMT, and market participants anticipate yet another month of moderate growth in the labor market.
When is the New Zealand GDP, and how could it impact NZD/USD?
The latest quarterly Gross Domestic Product (GDP) growth figures from New Zealand are expected just ahead of the Thursday market rollover, at 22:45 GMT on Wednesday.
Forex Today: The BoE is seen holding its policy rate
The US Dollar (USD) challenged the area of multi-week troughs before attempting a marked bounce, ending the day with decent gains as investors assessed the interest rate cut by the Federal Reserve.
Fed's dot plot signals 50 basis points of additional rate cuts in 2025; GDP revised up
The Federal Open Market Committee's (FOMC) latest dot plot indicates that interest rates will average 3.6% by the end of 2025, below the June projection of 3.9%.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data.
US Treasury yields decline after Fed delivers rate cut
US Treasury yields eased after the Federal Reserve (Fed) delivered its first interest rate cut since December of last year, prompting a broad-market dog-pile into risk assets, lowering Treasury yields as investors bank on lower interest rates supporting the US economy, specifically the lagging labor
USD/JPY tumbles toward 145.50 as Fed cut and dovish guidance sink Dollar
USD/JPY plunges after the Federal Reserve decided to cut rates by 25 basis points, while providing a dovish forward guidance, paving the way for further easing. At the time of writing, the pair trades volatile within the 146.70-145.50 range.
GBP/USD spikes toward 1.3700 as Fed cuts rates eyes on Powell presser
GBP/USD surges during the North American session after the Fed cut rates by 25 basis points as expected, and eyes further rates reductions towards the year end. At the time of writing the pair trades volatile within the 1.3650 - 1.3700 range as traders await Fed Chair Powell press conference.
Dow Jones Industrial Average breaches new record highs after Fed cuts rates
The Federal Reserve (Fed) delivered a quarter-point interest rate cut, in line with market expectations. With the Fed moving to make its first rate cut since last December, investors are immediately pivoting to focus on how many rate cuts the Fed is expected to deliver through the remainder of 2025.
US Dollar Index tumbles into new lows after Fed delivers first rate cut in nine months
The Federal Reserve (Fed) announced a gentle quarter-point interest rate cut, something many market watchers had anticipated. This marks the Fed's first rate cut in nine months, and now investors are eager to see how many more rate cuts might happen through the end of the year.
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