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Euro and Pound get some help from PMI reads | FX Research

Solid preliminary PMI data out of the Euro area helped to keep the Euro supported into dips, though overall we haven't seen much activity in markets so far on Monday....

Germany snap election risks EUR/USD

Germany, Europe’s largest economy, is now under a caretaker government. Chancellor Olaf Scholz lost a confidence vote in the Bundestag on Monday, paving the way for a snap election in February....

NZ and Australia entering recession?

New Zealand's economy contracted by 0.2% quarter-on-quarter in the three months to June 2024, setting the stage for a technical recession as Q3 GDP is expected to decline further by another 0.2%. New Zealand has recorded the steepest per capita...

Finally some relief for the Australian Dollar | FX Research

US CPI came in as expected on Wednesday, which has kept markets mostly confined to tighter consolidation. The data confirms expectations for another rate cut from the Fed next week. However, it also introduces the possibility that the Fed might...

EUR tests support: Fed decision next

The EUR/USD is trading near a fresh monthly low around 1.0480. The European Central Bank delivered a widely expected 25-basis-point rate cut earlier in the day and downgraded its growth outlook, signaling weaker-than-anticipated economic performance....

AUD: Oversold ahead of RBA decision?

This week, the Reserve Bank of Australia (RBA) is holding its final board meeting of the year to decide on the cash rate....

Yen and Aussie slide | FX Research

The two biggest movers in the FX market on Wednesday have been the Yen and the Australian Dollar, both of which have come under significant pressure....

Euro reacts to French PM’s budget crisis

The euro remains under strain as French PM Michel Barnier faced a no-confidence vote over a divisive budget plan of tax hikes and spending cuts. The vote closed at 8:20 p.m. local time....

Currencies trying to fight their way back | FX Research

Tension has eased slightly as Tuesday progresses, with currencies regaining some stability against the US dollar. There was strong dollar demand at the start of the week following President-elect Trump's warnings to BRICS nations about adopting an alternative currency to...
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