Currency Market

FX Rate Updates

EUR/USD Gains Momentum as US Data Disappoints, Dovish Sentiment Grows

by

EUR/USD shows a robust increase of more than 0.51% on Tuesday, driven by a declining US Dollar, as data strengthened traders’ expectations that the Federal Reserve could lower rates at the upcoming December meeting. Currently, the pair is trading at 1.1579, approaching the 1.1600 level. EUR/USD moves upward as stable PPI and disappointing Retail Sales … Read more

Fx Rate

GBP/USD Steady as UK Budget and US Data Loom

by

The GBP/USD pair is currently stable on Monday in the North American session, holding steady at approximately 1.3088 as market participants anticipate the upcoming release of the UK’s budget, with the week being shortened due to the US Thanksgiving holiday. GBP/USD remains stable as market participants anticipate the UK Autumn Budget and assess the risks … Read more