USD/CAD is experiencing depreciation as the commodity-linked Canadian Dollar finds support from the upward movement in oil prices. Oil prices increased following an attack on a vessel near Oman, which interrupted UN evacuations in the Strait of Hormuz, reigniting concerns over energy supply. The US Dollar may find support as increasing expectations of a Fed … Read more
USD/CAD achieved a peak of 1.4191 on Monday, marking its highest level in 14 months. The Greenback appreciates due to heightened safe-haven demand in light of renewed concerns regarding the US-Iran peace deal. The Canadian Dollar declines as oil prices decrease in the wake of a 60-day US-Iran peace roadmap facilitated by Qatar and Pakistan. … Read more
AUD/USD advances to approximately 0.7070 during the early Asian session on Wednesday. The RBA maintained the OCR at 4.35% during the June monetary policy meeting on Tuesday. The Federal Reserve is expected to maintain the current interest rates during its meeting on Wednesday. The AUD/USD pair is experiencing modest gains, hovering around 0.7070 in the … Read more
The pound entered Tuesday constrained within a narrow range, preparing for the most active 48 hours on its schedule. GBP/USD trades around 1.342 on June 16, remaining within a tight range as the dollar strengthens in anticipation of a series of central bank meetings: the Federal Reserve will announce its decision on Wednesday, June 17, … Read more
The euro entered Tuesday exhibiting a phenomenon that seems counterintuitive: it was trading lower against the dollar just four days after its central bank implemented a rate hike for the first time in three years. EUR/USD ticked down to near 1.1580 during the European session on June 16 as the dollar firmed ahead of the … Read more
The yen entered Tuesday positioned on the line that has characterised its performance throughout the year, preparing for an unusual occurrence in the currency market: the simultaneous decisions of two major central banks within a matter of hours. On June 16, USD/JPY is positioned near 160, having peaked at 160.44 prior to a rebound in … Read more
AUD/USD has weakened to approximately 0.7030 during the Asian session on Friday. The US PPI inflation recorded its most significant annual increase in three and a half years. The RBA is set to announce its forthcoming interest rate decision next week, with expectations indicating no alteration in the current rate. The AUD/USD pair experiences a … Read more
USD/CAD declines as the US Dollar stabilises in anticipation of updates from the Middle East and significant Federal Reserve policy information. A strong US inflation report reinforced the outlook for a prolonged period of elevated Federal Reserve interest rates. The Canadian Dollar could experience a decline as decreasing oil prices coincide with reports of the … Read more
The pound is struggling in a contest where it ought to be competitive. GBP/USD slipped below 1.3350 during the American session on Thursday, moving towards the lower end of its recent range after failing to maintain a position above the 1.3400 level earlier in the day. The decline occurred as the dollar strengthened universally, driven … Read more
The yen is putting Tokyo’s resolve to the test. USD/JPY surpassed 160.50 this week, reaching a 21-month peak that positions the pair firmly within the territory where Japanese authorities have traditionally intervened to support the currency. The breach above the 160.00 threshold was driven by a confluence of persistent dollar strength and a significant development … Read more