GBP/USD moves higher, surpassing the 1.3200 mark following the resignation announcement from Prime Minister Keir Starmer. The decision was anticipated given the scrutiny surrounding his leadership, particularly after a significant loss in the local elections in May. Andy Burnham, the Mayor of Manchester, stands out as the most strategically advantageous candidate to succeed Starmer. The … Read more
EUR/USD commenced the week with a slight decline, trading at approximately 1.1444 during the European session on Monday, reflecting a decrease of about 0.23% and hovering near 1.1450 — a level not seen since mid-March. The move occurred as the US Dollar Index increased by 0.25% to approach 101.00, continuing the broad-based dollar strength that … Read more
The Japanese yen weakened to around 161.5 per dollar Monday, hovering near its lowest level since 1986 as repeated verbal interventions from Tokyo failed to halt the currency’s decline. USD/JPY pushed beyond 161 on Friday and extended the move into the new week, with the yen having now surrendered all the gains it made on … Read more
AUD/USD has declined to approximately 0.7010 during the Asian session on Friday. US Vice President has cancelled a trip to Switzerland intended for discussions regarding Iran. The Federal Reserve’s hawkish stance maintains its current policy, prompting increased speculation regarding future rate hikes, which in turn bolsters the value of the US Dollar. The AUD/USD pair … Read more
USD/CAD maintains its losses following the signing of a preliminary agreement between the US and Iran aimed at concluding hostilities, which has resulted in a reduction of safe-haven demand. The US Dollar may regain strength as half of the FOMC members anticipate at least one rate hike this year. An increase in oil prices could … Read more
The pound slid to a two-month low against the dollar Thursday, trading near $1.33 after the Bank of England held rates as expected but failed to lift sterling in the face of a resurgent greenback. The session concluded a challenging 48 hours for cable, as the currency was initially pressured lower by a hawkish Federal … Read more
The euro extended its slide Thursday, trading near $1.1540 against the dollar and sitting at its lowest level since late March, as the fallout from the most hawkish Federal Reserve signal in years continued to lift the greenback across the board. The pair has been knocked off its perch by a meeting that flipped the … Read more
USD/JPY remains around 160.80, marking the peak level since July 2024, which was attained on Thursday. Japan’s Minoru Kihara cautioned that the government stands prepared to react suitably to fluctuations in currency values at any moment. The US Dollar experienced a decline as safe-haven demand diminished, following a preliminary memorandum of understanding between the US … Read more
The pound is currently in a state of anticipation amid one of the most concentrated catalyst windows of the year. GBP/USD is trading near 1.342, up approximately 0.40% on the session and maintaining a position just below the 1.34 handle, as the dollar softens in anticipation of the Federal Reserve’s inaugural decision under new Chair … Read more
The euro is maintaining a stable position. EUR/USD is currently positioned around 1.1594, having increased by 0.04% in the previous session, and remains within the constrained range of 1.154 to 1.178 that has characterised its movements throughout May and June. The dollar eased Wednesday ahead of the Federal Reserve’s first policy decision under new Chair … Read more