ForexNewsPlus Updates

USD/CAD Hits Support Ahead of FOMC

USD/CAD experienced fluctuations as the pair approached the previous downtrend line, seeking support and momentarily rebounding. The market’s attention is now directed towards the forthcoming FOMC meeting, which could influence the trajectory of the US dollar, determining if it continues its recovery or declines further. The US dollar exhibited significant volatility against the Canadian dollar … Read more

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AUD/USD Eyes 0.6705 Before FOMC Decision

The AUD/USD exchange rate maintained its robust recovery as market participants anticipated the forthcoming Federal Reserve interest rate decision and its possible divergence from the Reserve Bank of Australia. The value increased to a peak of 0.6640, rising from the previous month’s low of 0.6420. The primary element impacting the AUD/USD pair is the anticipated … Read more

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EUR/USD Hits 1.1660 as Fed Cut Chances Soar to 90%

EUR/USD is currently positioned around 1.1665, holding steady above its recent breakout range following a rebound from 1.1525, a level that was previously identified as a significant Fibonacci zone. The pair holds steady as markets prepare for a pivotal Federal Reserve policy meeting anticipated to set the course heading into year-end. Market participants are aligning … Read more

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USD/JPY Soars to 155.80 Amid Japan’s Wage Surge

The USD/JPY pair is currently at 155.80, reflecting a 0.30% increase for the day, and is maintaining proximity to a two-week high as global investors prepare for the Federal Reserve’s decision this Wednesday. The current market scenario presents an unusual divergence: Japan is shifting towards tightening measures, whereas the U.S. is gearing up for easing … Read more

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GBP/USD Stays Above 1.33 as Fed-Cut Hopes and Strong UK PMI Boost Pound

GBP/USD rose to 1.3349, reflecting a 0.19% increase for the day, as market participants intensified their positioning in anticipation of next week’s FOMC decision. The U.S. Dollar Index is currently trading weakly in the range of 98.9–99.3, marking its lowest level since May, as market participants assign an 84–90% likelihood to a 25-basis-point rate cut … Read more

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EUR/USD Holds at 1.1650, Powell’s Exit Fuels Bullish Push to 1.18

The EUR/USD pair continued its measured ascent this week, moving from 1.1630 to 1.1643, reaching intraday peaks at 1.1682 before pulling back slightly as Friday’s session concluded. This gradual increase indicates a buildup in anticipation of the Federal Open Market Committee meeting scheduled for December 11, 2025. Market participants expect a 25-basis-point reduction, resulting in … Read more

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USD/JPY Dips to 154 as BoJ’s Hawkish Shift Pushes Yen Toward 150

The USD/JPY pair is currently trading around 154.80, continuing its two-week decline as market participants adjust their positions in anticipation of the Federal Reserve’s meeting on December 10 and the Bank of Japan’s policy decision on December 19. The pair has experienced a decline of more than 2.7% in December, marking its steepest monthly drop … Read more

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AUD/USD climbs to 0.6600 as policy divergence with the Fed widens

The AUD/USD pair maintained its upward trajectory as expectations for a more hawkish Reserve Bank of Australia increased. The asset has experienced an upward trend for ten consecutive days, achieving a peak of 0.6600, marking its highest point since October 28 of this year. Market participants anticipate that the RBA will adopt a relatively hawkish … Read more

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GBP/USD Approaches 1.3338 as UK Budget Boosts 1.35 Outlook

GBP/USD remains in a consolidation phase around 1.3338, reaching its peak since late October, as market participants maintain bullish positions in anticipation of concurrent central bank meetings in December. The rally indicates a combination of macroeconomic and structural influences — such as enhancing sentiment in the UK, robust service-sector performance, and rising anticipations for monetary … Read more

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USD/CAD Stays Strong Amid Loonie Gains

USD/CAD is retracing from levels above 1.40, maintaining support around the 50- and 200-day EMAs. Market activity in USD/CAD seems confined within a range, exhibiting a modest bullish inclination influenced by the relative strength of the U.S. economy. The US dollar made an attempt to strengthen on Tuesday but ultimately relinquished its gains beyond the … Read more