Forex Market

The U.S. dollar inched higher on Friday, consolidating near a three-month peak as traders absorbed a relatively hawkish message from Federal Reserve Chair Jerome Powell and recalibrated expectations for another move in December. By 05:10 ET (09:10 GMT), the Dollar Index was up 0.1% at 99.380, extending Thursday’s momentum. The …

The US dollar extended its post-Fed rebound, reaching a two-month high as investors weighed the Federal Reserve’s cautious tone and the ongoing stalemate over the government funding deal. The strong greenback set the tone across major currencies, while traders turned their focus to inflation readings from Japan and the euro …

The British Pound (GBP) has extended its painful slide for a third consecutive day against the US Dollar (USD), dropping over 0.25% and breaching the 1.3200 support level to trade at 1.3160. This sharp decline is primarily driven by the Federal Reserve’s (Fed) recent interest rate decision, which analysts have …

A U.S.–China trade agreement could be finalized as early as next week, according to U.S. Treasury Secretary Scott Bessent, speaking a day after President Donald Trump’s meeting with Chinese President Xi Jinping. Bessent said the “Kuala Lumpur agreement” was completed overnight and indicated both sides may exchange signatures within days. …

Gold clawed back ground in Asian hours on Thursday, snapping a four-day slide as the Federal Reserve’s quarter-point rate cut underpinned non-yielding assets and a dearth of concrete progress from U.S.–China trade talks preserved a layer of haven demand. Spot prices rose 1.0% to $3,967.03/oz by 02:51 ET (06:51 GMT), …

The euro weakened below the 1.16 mark on Thursday, weighed down by diverging central bank strategies in the United States and the Eurozone. The European Central Bank kept interest rates unchanged, while the U.S. Federal Reserve’s recent quarter-point rate cut carried a hawkish tone, hinting at a possible pause in …

The BoJ left rates unchanged but kept its guidance that further hikes remain on the table if the economy tracks its baseline outlook—nudging focus toward a potential move as soon as December. Core forecasts were broadly intact, while the statement and presser sharpened attention on overseas risks and the growth …

The U.S. Federal Reserve delivered its widely expected rate cut on Wednesday, trimming the benchmark Federal Funds Target Range by 25 basis points to 3.75%–4.00%, but Fed Chair Jerome Powell poured cold water on expectations for another move in December, warning that “another cut is far from assured.”During his post-meeting …

The British pound slipped against the US dollar on Wednesday after the Federal Reserve confirmed a widely expected quarter-point interest rate cut and signaled continued steps to reduce its balance sheet. The decision, though fully anticipated by markets, still triggered fresh movements across major currencies as investors adjusted positions ahead …

The Fed has just enacted its second interest rate cut in a row, lowering the federal funds target range to a decisive 3.75 percent to 4 percent. This action, which brings the benchmark rate below 4 percent for the first time since late 2022, was a clear response to mounting …