Editors' Picks

Following the wild fluctuations seen in financial markets in the American session on Wednesday, volatility remains high early Thursday. The Bank of England (BoE) will announce monetary policy decisions during the European trading hours.

AUD/JPY continues its winning for the fourth successive day, trading around 97.10 during the early European hours.

Japan equities were higher at the close on Thursday, as gains in the Food, Fishery and Services sectors propelled shares higher.

USD/CAD trades around 1.3550 during Thursday’s European hours.

The Australian Dollar (AUD) breaks its three-day winning streak against the US Dollar (USD), following the labor market report released on Thursday. Additionally, traders continue to assess the Federal Reserve’s (Fed) 50 basis points (bps) interest rate cut on Wednesday.

The EUR/USD pair trades flat during the early European session on Thursday. The major pair initially edges higher to monthly highs of 1.1189 after a large rate cut by the Federal Reserve (Fed) at its September meeting and eases back to near 1.1120.  

The USD/CAD pair posts modest gains around 1.3605 during the early Asian session on Thursday.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against other six major currencies, retraces its recent gains from the previous session.

AUD/USD gains positive traction for the third straight day amid modest USD weakness.

The EUR/USD pair trades on a stronger note around 1.1125 during the Asian trading hours on Wednesday.

The USD/CAD pair attracts fresh sellers during the Asian session on Wednesday and currently trades below the 1.3600 mark, down less than 0.10% for the day.

The USD/JPY skyrocketed late in the North American session, trading at 142.44, up by over 1% after bouncing off a daily low of 140.32.

EUR/USD kicked back into the 1.1100 handle on Friday, before market forces weighed on the Euro once again and returned Fiber to the day’s opening bids.

In Friday's session, the EUR/GBP pair fell slightly by 0.15% to 0.8435, showcasing a negative technical outlook.

US Dollar depreciates as investors digest inflation data.

EUR/GBP recovers intraday losses, trading around 0.8430 during the early European hours on Friday.

The GBP/USD pair gains positive traction for the second straight day and recovers further from over a three-week low, around the 1.3000 psychological mark touched on Wednesday.

Investing.com-- Asian currencies firmed on Friday, while the dollar retreated as markets bet that the Federal Reserve will kick off an easing cycle from next week, with focus squarely on the scale of a potential interest rate cut. 

The EUR/USD pair builds on the previous day's goodish recovery move from the 1.1000 psychological mark, or a nearly four-week low and attracts some follow-through buyers for the second straight day on Friday.

The market’s Fed-centric tilt continues unabated as the wait for rate cuts rolls on.