Currency Correction

ForexNewsPlus Updates

EUR/USD Near 1.18 Amid Tariff Shock and Fed Adjustments

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The EUR/USD rate has decreased from the January range of approximately 1.2093–1.2095 to about 1.1780, representing a decline of slightly more than 2.8% within a few weeks. The price consistently approaches 1.1800, with upward movements toward 1.1850 being met with selling pressure, while downward shifts into 1.1750 are promptly met with buying interest. The magnet … Read more

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USD/JPY Dips to 152 Amid Takaichi Victory

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The USD/JPY has transitioned from a steady upward movement to a pronounced correction, currently trading in the range of 152.8–153.2 following three consecutive daily declines and a loss exceeding 2.5% for the week to date. The shift is propelled by a clear convergence: a significant triumph for Prime Minister Sanae Takaichi that alleviated Japanese political … Read more