Forex Market

The Japanese Yen continued to struggle on Wednesday, holding near nine-month lows against the U.S. Dollar despite a generally softer Greenback. The currency remains weighed down by Japan’s expansionary fiscal stance and the central bank’s cautious approach to tightening policy.Japan’s government reaffirmed its commitment to supporting a fragile economic recovery …

America is on the cusp of ending the longest federal government shutdown in its history, as the House of Representatives prepares to vote this evening on a Senate-approved funding measure. After weeks of gridlock, the bill aims to reopen the government and restore full operations across federal agencies. However, the …

White House Senior Advisor Kevin Hassett offered a comprehensive outlook on the U.S. economy on Wednesday, touching upon Gross Domestic Product (GDP) forecasts, monetary policy, and the ongoing government shutdown. Hassett projected a modest GDP growth rate for the current quarter while noting significant progress in reducing the national deficit …

The US dollar continued its downward slide on Tuesday, reaching fresh monthly lows as weaker-than-expected employment data renewed speculation that the Federal Reserve could move toward further policy easing. Markets were also buoyed by growing optimism that a deal to end the ongoing US government shutdown might soon be reached, …

The British pound held steady on Tuesday after UK labor market data revealed a rise in unemployment, heightening expectations that the Bank of England may move toward a rate cut in December. The GBP/USD pair traded near 1.3170, showing little change as investors balanced concerns about slowing economic momentum with …

The Japanese yen remained steady against the U.S. dollar on Tuesday, with the USD/JPY pair hovering near the 154.00 level. The currency pair had briefly touched a nine-month high earlier in Asian trading before retreating as weak U.S. labor data renewed expectations of an upcoming Federal Reserve rate cut.The pullback …

The U.S. dollar slipped to its lowest level in more than a week on Tuesday, as renewed signs of weakness in the labor market and optimism over a possible end to the government shutdown weighed on the currency.Investors continued to sell the greenback amid growing speculation that the Federal Reserve …

U.S. assets found firmer footing Monday as signs of progress in Washington eased fears of deeper economic fallout from the nation’s longest-ever government shutdown. Equities clawed back part of last week’s losses—led by a rebound in big-cap technology—while risk-sensitive currencies strengthened and Treasury prices slipped, nudging yields higher. The improved …

The U.S. dollar posted a mixed performance in Asia on Tuesday, rising against the safe-haven yen but easing versus the growth-sensitive Australian dollar as investors rotated cautiously across FX while awaiting a fuller data slate once the U.S. government reopens. Risk tone and shutdown calculus A Senate-approved compromise to restore …

The UK labour market lost further momentum into autumn, with unemployment rising and wage pressures easing—an evolving mix that could give the Bank of England room to lower rates at its final meeting of the year. The jobless rate climbed to 5.0% in the three months to September (vs 4.8% …