EUR/JPY Exchange rate
Editors’ Picks
GBP/USD remains heavy below 1.2300 after BoE hits the pause button
GBP/USD remains under heavy selling pressure below 1.2300 in the European session on Thursday. The BoE unexpectedly held rates steady at 5.25% after its September meeting. Odds of a November hike fall amid the UK's soft inflation and grim economic outlook.
EUR/USD stays depressed near 1.0650 on sustained US Dollar strength
EUR/USD is consolidating losses near 1.0650 in the European trading hours on Thursday. The Fed kept rates unchanged but indicated one more rate hike before the year-end. US yields sit at multi-year highs, underpinning the US Dollar ahead of data.
Gold falls to $1,920 ahead of US data
Gold price is holding lower ground near $1,920 in the European session on Thursday. Investors seem to shift their focus on upcoming US data after the US Federal Reserve's hawkish hold on Wednesday triggered a fresh US Dollar rally.
Tether increased its secured loans in Q2 despite commitment to reduce lending
Tether Holdings has resumed the lending of its stablecoins in the form of secured loans to clients after announcing that it is set to wind down this practice less than a year ago.
Fed governors see far less room to cut rates next year
US yields at all tenors had settled near/mostly just below cycle peak levels going into the Fed decision. The Fed as telegraphed kept its policy rate unchanged at 5.25%/5.50%.