USD/JPY forms double tops near 115.00 despite upbeat yields, US PMI in focus
USD/JPY consolidates the biggest daily gains in two weeks. US President Biden’s Fed nominations propel
Financial and Business News
USD/JPY consolidates the biggest daily gains in two weeks. US President Biden’s Fed nominations propel
GBP/USD grinds lower around one week trough, sidelined after two-day downtrend. UK’s Frost emphasizes ongoing
Analysts at Goldman Sachs cut their forecasts for EUR/USD, now seen at 1.1400 and 1.1600
ISM Services PMI rose to a new all-time high in October. US Dollar Index holds
UK Final Services PMI upwardly revised to 59.1 in October. GBP/USD holds higher ground above
Upbeat Chinese data assisted AUD/USD to gain some positive traction on Wednesday. A subdued USD
Economist at UOB Group Ho Woei Chen, CFA, assesses the latest PMI results in the
China's Caixin services PMI for October came in at 53.8 vs. 50.7 expected and 53.4 last, showing that
EUR/USD extends the week’s rebound amid cautious optimism. Downbeat US inflation expectations, stimulus hopes favor
US Markit Manufacturing PMI edged lower in October. US Dollar Index stays in a consolidation