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EUR/USD ticks lower as Fed signals no rush for rate cuts

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EUR/USD ticks lower below 1.1300 during European trading hours on Thursday.

USD/CAD climbs as traders await BoC risk report, Trump trade deal announcement

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The Canadian Dollar (CAD) is weakening against the US Dollar (USD) on Thursday as investors brace for a pivotal day of policy and trade headlines that could redefine North American market sentiment. 

EUR/GBP slumps to near 0.8470 as Pound Sterling strengthens after BoE’s policy decision

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The EUR/GBP pair slides to near 0.8470 during early North American hours on Thursday as the Pound Sterling (GBP) attracts significant bids after the Bank of England (BoE) announces its monetary policy.

US Dollar Index swings back above 100.00 on potential US-UK  trade deal 

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The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, extends gains on Thursday following the Federal Reserve (Fed) decision and the upcoming announcement by Donald Trump on a “major trade deal” between the United States (US) and, reportedly, th

Mexican Peso broadly steadies even as renewed trade optimism lifts market sentiment

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The Mexican Peso (MXN) swings between mild gains and losses against the US Dollar (USD) on Thursday, amid steady positioning following the Federal Reserve’s cautious tone, the upcoming announcement of a trade deal between the United States and the United Kingdom and ahead of Mexico’s latest inflatio

USD/JPY breaks above 144.00 after dovish BoJ minutes – BBH

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USD/JPY has firmed above 144.00 as dovish BoJ signals and downgraded forecasts reinforce the view that Japan’s rate hike cycle is near its end, BBH FX analysts report.

NZD/USD: Likely to trade between 0.5890 and 0.6030 – UOB Group

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Sharp drop appears overdone, but New Zealand Dollar (NZD) could decline to 0.5920 against US Dollar (USD) before stabilisation is likely.

GBP/USD Forecast: Pound Sterling could weaken on BoE-Fed policy divergence

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GBP/USD came under heavy bearish pressure in the late American session on Wednesday and lost more than 0.5% on the day, erasing a majority of its weekly gains in the process. The pair stays on the back foot early Thursday and trades below 1.3300.

USD/CAD Price Forecast: Remains confined in a multi-week-old range; not out of the woods yet

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The USD/CAD pair attracts buyers for the second successive day on Thursday and recovers further from the year-to-date (YTD) low, around the mid-1.3700s touched earlier this week.

GBP/USD remains below 1.3335 – UOB Group

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Provided Pound Sterling (GBP) remains below 1.3335 against US Dollar (USD), it could edge lower to 1.3265. In the longer run, the current price movements are part of a 1.3240/1.3450 range-trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

UK PM Starmer: You will hear more from me later today on US economic deal

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UK Prime Minister (PM) Keir Starmer said on Thursday, “you will hear more from me later today on the US economic deal.”

AUD/JPY rises toward 93.00, rebounds due to easing safe-haven demand

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AUD/JPY snaps a three-day losing streak and trades around 92.90 during European hours on Thursday, buoyed by waning demand for safe-haven assets like the Japanese Yen (JPY).

NZD/USD Price Forecast: Remains below nine-day EMA near 0.5950 psychological resistance

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The NZD/USD pair extends losses for the second successive session, trading around 0.5930 during European hours on Thursday. The technical analysis of the daily chart indicates a weakening bullish bias, as the pair trades further below the ascending channel pattern.

Gold price tumbles for second straight day ahead of trade deal announcement 

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Gold (XAU/USD) extends the prior’s day correction and drops nearly 1% to $3,333 at the time of writing on Thursday as risk sentiment improves, with United States (US) President Donald Trump expected to announce a trade deal agreement with the United Kingdom (UK) at a news conference at 14:00 GMT in

BoE poised to lower interest rate cut as inflation drops

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The Bank of England (BoE) will announce its latest monetary policy decision on Thursday in what marks its third rate-setting meeting of 2025.

EUR/USD Forecast: Euro could push lower if 1.1270 support fails

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EUR/USD came under bearish pressure in the American session on Wednesday and closed the day deep in negative territory. The pair stays on the back foot early Thursday and trades slightly below 1.1300.

Pound Sterling trades with caution ahead of BoE policy decision

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The Pound Sterling (GBP) trades cautiously against its peers in Thursday’s European session ahead of the Bank of England’s (BoE) interest rate decision at around 11:00 GMT.

EUR/GBP remains subdued around 0.8500 due to US-UK trade deal hopes, BoE decision in focus

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EUR/GBP is extending losses for the fourth consecutive session, trading near 0.8500 in early European hours on Thursday.

Japanese Yen weakens further against broadly stronger USD and lifts USD/JPY to mid-144.00s

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The Japanese Yen (JPY) turns lower for the second straight day against a broadly stronger US Dollar (USD), lifting the USD/JPY pair closer to mid-144.00s during the early part of the European session on Thursday.

Forex Today: US Dollar rebounds after Fed, attention turns to BoE

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Here is what you need to know on Thursday, May 8:

Live Coverage: BoE set to resume cuts and shake GBP/USD

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Start, stop and now start again – the Bank of England (BoE) is set to cut interest rates, and perhaps more moves after a gradual path. Will the Pound suffer?

Gold Price Forecast: XAU/USD re-attempts $3,400; US trade talks in focus

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The gold price is back on the bids early Thursday, challenging the $3,400 mark amid renewed weakness in the US dollar and a revival of safe-haven demand.

EUR/USD Price Forecast: Next on the upside comes 1.1570

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The euro halted its rally on Wednesday, with EUR/USD receding toward the 1.1300 region amid a revitalised US Dollar.

Gold Price Forecast: XAU/USD consolidates ahead of Federal Reserve’s decision

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Gold consolidates just ahead of the $3,400 mark on Wednesday, unchanged on a daily basis as investors await the United States (US) Federal Reserve (Fed) monetary policy decision.

AUD/USD Price Forecast: Outlook shifts to bullish above the 200-day SMA

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The Australian Dollar (AUD) could not sustain an early move to fresh tops past the 0.6500 hurdle against the US Dollar (USD) on Wednesday.

EUR/USD Price Forecast: Waiting for the Federal Reserve

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The EUR/USD pair trades uneventfully for a fourth consecutive day, as market players await the United States (US) Federal Reserve (Fed) monetary policy announcement.

GBP/USD Forecast: Pound Sterling under bearish pressure ahead of Fed

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After posting gains to start the week, GBP/USD edges lower and trades in negative territory below 1.3350 in the European session on Wednesday as investors gear up for the Federal Reserve's (Fed) monetary policy announcements.

EUR/USD Forecast: Euro could break out of range after Fed

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EUR/USD seems to have entered a consolidation phase above 1.1350 in the European session on Wednesday after closing in positive territory on Tuesday. The Federal Reserve's (Fed) policy announcements could trigger the next big action in the pair.

AUD/USD Price Forecast: Bulls turn cautious ahead of Fed, despite optimism over trade talks

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The AUD/USD pair touches a fresh year-to-date (YTD) top, around the 0.6515 area on Wednesday, following the announcement of US-China trade talks in Switzerland later this week.

Live Coverage: Fed´s Powell set to hold onto rates and calm messages, markets may have other plans

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Fed Chair Jerome Powell and his colleagues are set to leave interest rates unchanged amid "unusual uncertainty" about tariffs and their impact, potentially causing a stir in markets.

Why the Fed won't cut interest rates despite Trump’s pressure to lower them

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The Federal Reserve (Fed) is widely expected to keep interest rates steady on Wednesday for the third consecutive meeting. This is despite US President Donald Trump’s repeated comments that rates in the United States are too high and should be lowered. 

Gold Price Forecast: XAU/USD corrects from two-week highs, Fed decision eyed

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Gold price has come under intense selling pressure early Wednesday, correcting sharply from two-week highs of $3,435. Renewed optimism over the upcoming US-China trade talks and profit-taking ahead of the US Federal Reserve (Fed) policy announcements.

EUR/USD Price Forecast: There is mild contention around 1.1270

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The euro extended its winning streak on Tuesday, with EUR/USD briefly retesting the 1.1370 zone, where some decent resistance seems to have turned up. The move reflected unabated uncertainty surrounding the US trade policy after President Trump refloated the idea of levies on pharmaceuticals.

EUR/USD weakens below 1.1350 on renewed US Dollar demand

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The EUR/USD pair trades with mild losses near 1.1325 during the early Asian session on Thursday, pressured by renewed US Dollar (USD) demand. The US Dollar Index (DXY) advanced further and reached two-day highs around 99.70.

Bank of Japan expected to hold interest rate at 0.50% amid US trade war uncertainty

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The Bank of Japan (BoJ) will announce its decision on monetary policy after a two-day meeting on Thursday, and market participants widely anticipate policymakers will keep the benchmark interest rate on hold at 0.50%.

Gold Price Forecast: XAU/USD battles to retain the $3,300 mark

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Spot Gold fell throughout the first half of the day, extending its intraday slump to a fresh weekly low of $3,267.01. The XAU/USD pair traded on sentiment, falling after the release of tepid United States (US) data.

EUR/USD Price Forecast: Minor support turns up around 1.1300

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The Euro (EUR) added to Tuesday’s retracement against the US Dollar (USD), triggering the second consecutive daily drop in EUR/USD, which revisited the 1.1320 zone, or weekly troughs, on Wednesday.

Gold Price Forecast: XAU/USD recovered above $3,300 with higher highs still likely

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Gold price retreated further from its record high on Thursday, trading as low as $3,284.10 early in the American session. The US Dollar (USD) maintained its bearish bias against all major rivals throughout the day, with XAU/USD easing on the back of profit-taking.

GBP/USD hold steady near 1.3250 after mixed US economic data

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The Pound Sterling remained steady against the US Dollar on Thursday after US economic data suggested that the labor market remains solid, while housing data was mixed. At the time of writing, the GBP/USD trades at 1.3250 up 0.11%.

Gold corrects from new all-time highs as US makes progress in trade talks

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Gold price (XAU/USD) corrects to near $3,290 in Thursday’s North American session after hitting a fresh all-time high of $3,358 earlier in the day.

USD/CAD gives up intraday gains as USD’s recovery trims

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The USD/CAD pair surrenders its intraday gains and falls back to near 1.3860 during North American trading hours on Thursday.

EUR/USD Price Forecast: Bulls retain control amid ECB announcement

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The FX board entered holiday mood on Thursday, with most major pairs confined to tight intraday ranges throughout the first half of the day. The EUR/USD pair hovered a few pips below the 1.1400 mark after posting an intraday peak of 1.1409 early in the Asian session.

USD/JPY Price Forecast: Attempted recovery is likely to get sold into amid trade war woes

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The USD/JPY pair stages a goodish recovery from the 141.60 region, or its lowest level since September 2024 touched earlier this Thursday, and sticks to its positive bias through the first half of the European session.

US Dollar Weekly Forecast: The greater good?

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Another horrid week saw the US Dollar (USD) trade under heavy pressure, extending its acute sell-off for the third consecutive week and dragging the US Dollar Index back below the psychological 100.00 support for the first time since April 2022.

EUR/USD Price Analysis: Bulls push toward fresh highs as pair trades above the 1.1300 zone

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The EUR/USD pair extended its rally on Friday, rising sharply and moving near the 1.1300 zone after the European session. With the pair positioned mid-range between 1.1187 and 1.1473, bulls remain in control, pushing toward new highs for the year amid renewed risk appetite.

GBP/USD rallies past 1.3000 as China escalates trade-war with US

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The Pound Sterling (GBP) extends its gains versus the US Dollar (USD) as the US-China trade war escalates, with Beijing imposing 125% tariffs on US goods. Trade policies continue to drive price action, with economic data taking a backseat. At the time of writing, GBP/USD trades at 1.3067, up 0.77%.

Fed's Williams: Tariffs will boost inflation to 3.5-4% this year

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Federal Reserve (Fed) Bank of New York President John Williams noted on Friday that he overwhelmingly anticipates a general weakening in US economic data as tariffs continue to take root.

GBP/USD Weekly Outlook: Pound Sterling stages a solid comeback ahead of key UK data

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The Pound Sterling (GBP) jumped back into the game against the US Dollar (USD), allowing the GBP/USD pair to stage a solid comeback from five-week troughs.

EUR/USD Weekly Forecast: Trade war chaos far from over, USD condemned

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The EUR/USD pair jumped to 1.1473 on Friday, its highest since February 2022, amid escalating tensions between the United States (US) and China, triggering a US Dollar (USD) sell-off.

Fed’s Musalem: There is more work to do on inflation

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