The dollar rose to 159.4570 against the yen on Thursday, August 13, up 0.02% from the previous session, after testing 159.53 during the European morning. The pair traded flat near 159.40 through the Asian session and has spent the week grinding back toward the level that triggered a record intervention two weeks ago. Over the … Read more
The euro is currently valued at 1.1536 against the dollar during Wednesday’s European session, reflecting a slight increase for the day of approximately 0.18%. The exchange rate has fluctuated between 1.15304 and 1.1537, varying by trading venue. The pair advanced toward 1.1550 during the early European hours before retracing back into the range it has … Read more
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
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
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
USD/JPY is currently trading at approximately 161.06, reflecting a decline of about 1.43% during the session, following indications that Japanese authorities have intervened in the market to purchase yen. The pair was at 163.50 earlier in the day, reflecting an increase of 0.06% and maintaining a position near the upper limit of its range. However, … Read more
Sterling traded at $1.3298 against the dollar on Wednesday, up 0.09%, holding a shade under the 1.3300 handle for a second consecutive session. Tuesday’s entire range spanned under 40 pips, between a floor above 1.3250 and a ceiling fractionally above 1.3300. That is a market that has stopped moving, and it has stopped moving directly … Read more
The euro traded at 1.1386 against the dollar on Wednesday, reflecting minimal movement from the previous session with a decline of 0.01%, and remaining just below the 1.14 threshold it relinquished earlier in the week. That level signifies the lowest reading observed in a month. The action that brought it to this point was systematic. … Read more
