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Indian Rupee (INR) strengthens across the week RBI leave rates unchanged at 4% US Dollar (USD) trades lower on risk flows amid vaccine optimism & stimulus hopes US NFP in focus The US Dollar Indian Rupee (USD/INR) exchange rate is slipping lower on Friday, paring gains from the previous session. The pair settled +0.15% higher […]

by Fiona Cincotta - Fri, 04 Dec 2020 12:00:01

USD/PKR: Rupee Set To End The Week Flat

Pakistan Rupee (PKR) edges lower paring gains Pakistan exports over $2 billion in November for 2nd straight month US Dollar (USD) moves lower versus major peers on risk outflows US NFP in focus The US Dollar Pakistani Rupee (USD/PKR) exchange rate is advancing on Friday, paring gains from the previous session. The pair settled -0.15% […]

by Fiona Cincotta - Fri, 04 Dec 2020 11:00:18

USD/CAD Eyes Job Numbers For a Pause In Selling

The pair is consolidating near the lowest point since October 2018. US Fed, Fiscal stimulus expected, weakens the greenback. Oil prices lift CAD, piles onto USD/CAD misery. The USD/CAD trades near the lowest level since October 2018 and is now firmly in a bearish consolidation phase, oscillating in a range near mid-1.2800s. The oversold levels […]

by Stelian Olar - Fri, 04 Dec 2020 10:56:32

AUD Grows Stronger As Risk Bulls March-on

Vaccine optimism is a big boost for risk assets. Global sentiments favour risk-bulls. Australian GDP supports strength in the currency. RBI policy awaited. The AUD/USD continued to rise as broad-based US dollar selling reflected vaccine-driven enthusiasm across global equity markets. The US equities traded higher yesterday with the Dow Jones Industrial Average rising by 0.29 […]

by Stelian Olar - Fri, 04 Dec 2020 09:24:46

EUR/USD: Euro Extends Gains On Strong German Factory Orders

German Factory orders jump 2.9% MoM Oct Euro (EUR) set for 1.6% gains across the week US Dollar (USD) looks to NFP 468l jobs forecast Lead indicators have been disappointing The Euro US Dollar (EUR/USD) exchange rate is extending gains for a fourth straight session on Friday. The pair settled +0.2% higher on Thursday at […]

by Fiona Cincotta - Fri, 04 Dec 2020 09:00:36

GBP/INR: Pound Retreats from Highest Since 2016

GBP/INR is retreating from the year-to-date peak touched yesterday, as it has maintained in the overbought level for a while. At the time of writing, one British pound buys 99.178 Indian rupees, down 0.12% as of 8:00 AM UTC. On Thursday, the pair gained 0.71%, hitting the highest level since May 2016 at over 99.700. […]

by Anatol Antonovici - Fri, 04 Dec 2020 08:30:39

GBP/EUR: Pair Steady at €1.1070, Brexit & German Factory Orders in Focus

The Pound Euro (GBP/EUR) is treading water on Friday, searching for direction after booking gains in the previous session. Brexit remains in focus as the pressure mounts on the two sides to agree a Brexit trade deal. Headlines remain mixed, although the chances of a deal being announced today have eased. UK service sector activity […]

by Fiona Cincotta - Fri, 04 Dec 2020 07:30:28

GBP/EUR: Pound Steadies As Brexit Optimism Eases

Pound (GBP) remains focused on Brexit as clock ticks Service PMI beat forecasts but still contracted Euro (EUR) slipped after business activity contracted in November German factory orders in focus The Pound Euro (GBP/EUR) exchange rate is holding steady on Friday. The pair settled +0.4% higher in the previous session at €1.1070. At 05:15 UTC, […]

by Fiona Cincotta - Fri, 04 Dec 2020 07:00:35

EUR/USD slips from 2020 highs

EUR/USD advances testing 1.2140,a fresh32-month high. Vaccine news, stimulus hopes underpin the pair German Services PMI remained in contraction The EUR/USD gained traction hitting new peaks in the 1.2140 zone. EUR/USD boosted by risk trends EUR/USD extends gains 1.21 on Thursday, as investors’ appetite for the risk-associated assets remains firm. Growing expectations of additional US […]

by Fiona Cincotta - Thu, 03 Dec 2020 19:17:52

EUR/GBP hovers near daily low around 0.9050

EUR/GBP sold off Thursday snapping a two day winning streak. Brexit deal optimism supported the pound pressurising the pair.. A pullback in the Euro added to the softer tone to the pair. EUR/GBP slipped lower in the European session, refreshing daily lows of 0.9030.. The EUR/GBP is extending losses, snapping two consecutive winning days. The […]

by Fiona Cincotta - Thu, 03 Dec 2020 18:45:20

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Latest Currency News

USD/INR: Rupee Advances As RBI Keep Rates On Hold

USD/PKR: Rupee Set To End The Week Flat

USD/CAD Eyes Job Numbers For a Pause In Selling

AUD Grows Stronger As Risk Bulls March-on

EUR/USD: Euro Extends Gains On Strong German Factory Orders

GBP/INR: Pound Retreats from Highest Since 2016

GBP/EUR: Pair Steady at €1.1070, Brexit & German Factory Orders in Focus

GBP/EUR: Pound Steadies As Brexit Optimism Eases

EUR/USD slips from 2020 highs

EUR/GBP hovers near daily low around 0.9050