Euro edges lower as Yen firms on risk aversion, ECB hike in view

Euro edges lower as Yen firms on risk aversion, ECB hike in view

EUR/JPY trades around 185.80 at the time of writing on Thursday, little changed on the day after reaching a one-month high earlier this week. The pair is edging slightly lower as the Japanese Yen (JPY) regains some footing, although expectations of further monetary tightening by the European Central Bank (ECB) continue to provide underlying support […]

Gains eye 1.3981 against US Dollar – Scotiabank

Gains eye 1.3981 against US Dollar – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret report USD/CAD is flat after the Bank of Canada (BoC) left policy unchanged and maintained a cautious tone on growth and inflation. Governor Macklem downplayed the Canadian Dollar (CAD) in policy decisions, while Scotiabank’s fair value estimate for USD/CAD has slipped to 1.3974. They see scope for further […]

British Pound eases against Yen after hitting highest level since 2007

British Pound eases against Yen after hitting highest level since 2007

GBP/JPY trades with a mild negative bias on Thursday, taking a breather after climbing to its highest level since December 2007 the previous day, as the British Pound benefited from easing political uncertainty and expectations of greater fiscal discipline. At the time of writing, the cross trades around 219.00, down 0.25% on the day. The […]