AUD/USD continues its decline from the 0.7248 level observed last week, now approaching the lower boundary of the 0.7100s. Increasing speculation regarding the Federal Reserve’s monetary tightening, coupled with rising oil prices, is exerting downward pressure on the Australian dollar. A decisive breach of the 0.7110 level would validate the onset of a more pronounced … Read more
EUR/USD traded at 1.1580 on Wednesday, September 2, after slipping to 1.1575 during the early European session – the lowest level in two weeks. The pair declined for a second consecutive day, concluding Tuesday in negative territory at 1.1601 after reaching an intraday low of 1.1587 and losing 0.14% during the session. Tuesday’s rally attempt … Read more
AUD appreciates as robust inflation figures for July strengthen expectations for a rate increase by the Reserve Bank of Australia. Markets currently anticipate a rate increase in November, as leading banks project an earlier tightening of monetary policy. Traders are poised for Federal Reserve Chair Kevin Warsh’s upcoming speech at Jackson Hole, seeking directional insights … Read more
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
