Sterling declined to 1.3431 on August 3, reflecting a decrease of 0.38%, and has remained below $1.35 through Tuesday. Over the past month, the pound has appreciated by a mere 0.29% relative to the dollar. Over the course of twelve months, the gain is quantified at 1.00%. Those figures reflect a currency that has remained … Read more
The USD/JPY declined to 156.5110, representing a decrease of 0.59% from the previous session. The pair experienced a brief drop to 155.20 during the day, followed by short-covering that propelled it into a consolidation phase around the congestion support level near 157.00. By the European session, the pair traded around 156.70, having recovered approximately half … Read more
The Australian Dollar maintains its strength, even as China’s manufacturing PMI has softened to 50.9 in July. The US Dollar encounters downward pressure in the wake of Japan’s $58.97 billion yen-buying intervention and a reduction in risk aversion among investors. Diplomatic assertions between the US and Iran continue to be disputed, resulting in a cautious … Read more
Following poor Chinese PMI data, where manufacturing fell to 49.2 in July, falling short of forecasts, AUD/USD is still muted. The Australian Dollar is under pressure as weak Q2 inflation has effectively eliminated the possibility of an August RBA rate hike. The US Dollar appreciates even as risk aversion diminishes, influenced by recent diplomatic developments. … Read more
GBP/USD traded at 1.3420 on Friday, reflecting a decline of 0.34% from the previous session, yet maintaining the 1.34 handle it regained following the Bank of England’s decision. Sterling appreciated by 1.09% throughout July and is currently 1.07% stronger on a year-over-year basis. The week produced the most pronounced structural change cable has experienced since … Read more
EUR/USD traded at 1.1501 on Friday, reflecting a decline of 0.23% from the prior session, yet remaining above the 1.15 threshold and close to its peak since June 16. The pair is poised for a monthly increase of approximately 0.8% to 1.09%, marking its most favourable month since the euro’s decline in the spring, while … Read more
The dollar-yen exchange rate was recorded at 160.80 on Friday, reflecting an increase of 0.78% during the session. This movement occurred less than eighteen hours following Japan’s execution of what seems to be the most significant single-day currency intervention in its history. The overnight move was marked by significant volatility. USD/JPY experienced a decline of … Read more
AUD/USD may depreciate as the US Dollar could find support, as three policy members dissented in favour of a rate hike. Australia’s 10-year yield decreased to 4.9% following a decline in June inflation, which has subsequently tempered expectations for rate hikes. Markets have reduced the likelihood of a 2026 RBA rate increase to 50% in … Read more
GBP/USD is currently positioned at 1.3378 following the Bank of England’s decision to maintain the Bank Rate at 3.75%, a choice reached by a 6–3 vote. This marks the fifth consecutive hold and the fifth instance of such a decision this year. The pair commenced the session at 1.3369, subsequently declining 0.2% to 1.3341 during … Read more
EUR/USD is currently positioned at approximately 1.1450, having reached about 1.1480 — the highest point since June 17 — following a second-quarter euro area GDP announcement that surpassed all previously published projections. The pair experienced a notable increase on Wednesday following the Federal Reserve’s decision to maintain interest rates at their current levels. This prompted … Read more
