Asia FX muted amid US trade uncertainty; dollar struggles ahead of payrolls data

By RoboForex Analytical Department The GBP/USD pair held around 1.3430 USD on Thursday, with the pound strengthening yesterday following better-than-expected UK economic growth data. These figures may shape market expectations for Bank of England policy in the coming months. Since the start of January, sterling has made limited headway against the US dollar but has…

Compagnie Financière Tradition (CFT) reported an 11% increase in revenue for 2024, reaching CHF 1.13 billion, as volatile markets and shifting monetary policies boosted trading volumes across asset classes. The Swiss-based interdealer broker revealed an operating profit rise of 23.2% at constant exchange rates to CHF 152.4 million, while net profit attributable to the group…

The AUDUSD price action this week was up and down. The close from a week ago was at 0.6558. The current price is at 0.6562. Not a lot of change at the current level. However, in between, the price moved higher into the election. It moved lower with the dollar buying through the election. It…

The market spotlight was on global flash PMI reports, which printed mixed results across major economies. How did asset classes and currencies fare? Check out the latest headlines that influenced price action: Headlines: Australia Judo Bank flash manufacturing PMI dipped from 46.7 to 46.6 in Oct, flash services PMI up from 50.5 to 50.6 Japan’s…