The euro experienced an upward trajectory on Thursday morning in anticipation of the European Central Bank’s decision, only to relinquish those gains within minutes following the announcement. The EUR/USD pair was observed trading near 1.1410 during the Asian trading hours, marking a continuation of gains for the second consecutive session. It reached a peak of … Read more
The dollar closed the US session at 163.8040 against the yen on Thursday, reflecting an increase of 0.43% or 70.2 pips from Wednesday’s close of 163.1020. That represents a new forty-year low for the Japanese currency, surpassing Tuesday’s 163.24 print — which had already indicated the weakest yen since late 1986 — by more than … Read more
During Wednesday’s early Asian session, AUD/USD gains momentum to about 0.7010. Increasing oil prices may solidify a fourth rate increase by the RBA this year, contingent upon the resolution of US-Iran conflicts in the coming weeks. The US has initiated the 11th night of strikes against Iran as diplomatic efforts continue to falter. The AUD/USD … Read more
EUR/USD traded near 1.1411 on Wednesday, reflecting a slight increase of 0.11% during the session, yet remaining close to one-year lows. The pair has continued a week and a half of directionless fluctuations within the range of approximately 1.1380 and 1.1480. The euro remains indecisive, primarily due to traders’ hesitance ahead of Thursday’s European Central … Read more
The USD/JPY was observed at 163.19, reflecting an increase of 0.42% during the session and achieving a new peak not recorded since 1986, following a dip to 162.84 the previous day — marking the yen’s lowest value against the dollar since December 1986. The Japanese currency has depreciated approximately 11% over the past year, currently … Read more
GBP/USD traded near 1.3450 Tuesday, maintaining its position in the upper half of the late-June-to-July recovery range. The pair navigated the implications of softer recent US inflation data while weighing the firmer energy-led inflation risks, alongside the upcoming central-bank decisions at the end of the month. Cable has rebounded from a June low near 1.3150 … Read more
EUR/USD remains anchored around 1.1426, oscillating within a narrow range of 1.1400-1.1485 that has confined the pair for the past week and a half, preventing any decisive movement in either direction. The euro settled Monday down 0.08% at 1.1426, hovering just above the 200-period moving average at 1.1434 and pinned below the 50-period average at … Read more
On Tuesday, the USD/JPY currency pair hovered around 161.50, reflecting a modest increase of 0.14% within a constrained range of 160.47 to 161.52. This positioning remains just beneath the 162 threshold, which recently represented its highest level in approximately four decades—a peak that has not been maintained since the mid-1980s. The yen remains anchored near … Read more
AUD/USD faces challenges as the Australian Dollar continues to exhibit weakness in the wake of the Consumer Inflation Expectations report. US strikes on Iranian assets and a new naval blockade have prompted a significant increase in the demand for safe-haven assets. Fed Chair Kevin Warsh characterised the prevailing inflation as temporary on Wednesday. AUD/USD experiences … Read more
USD/JPY is currently at 162.32, reflecting an increase of 0.38%. This follows a peak in July that exceeded 162.80, with a recent print of 162.58 marking the yen’s weakest position against the dollar in forty years. The Japanese currency sank to the lower 162 zone in Tokyo trading, marking its lowest level since December 1986. … Read more
