FX Rate Updates

EUR/USD Rises on Weak US Jobs Data, Boosting Fed Cut Speculation

EUR/USD shows signs of recovery on Thursday, reflecting a gain of 0.45% after rebounding from daily lows of 1.1486, attributed to a weakening of the Greenback. The recent soft jobs data in the US has heightened speculation regarding a potential Fed rate cut at the upcoming December meeting. The currency pair is currently trading at … Read more

Fx Rate Updates

USD/JPY Soars to Nine-Month Peak Amidst Yen’s Tough October

The USD/JPY pair surged to a nine-month peak on Friday, nearing the significant 154.00 threshold. The yen wrapped up October with a decline of around 4%, indicating a notably poor performance for the month. The currency’s decline was intensified by changes in domestic politics, subsequent to the election of Sanae Takaichi as Prime Minister. Takaichi … Read more