The dollar-yen pair is exhibiting significant volatility. USD/JPY is trading near 161 on Friday following a strengthening of the Japanese yen past 161.5 per dollar, effectively reversing nearly all of its earlier losses from the week. This marks a significant turnaround from Thursday, when the yen had declined toward 162.5, reaching new 40-year lows. The … Read more
EUR/USD is trading near 1.1425 on Thursday, remaining unchanged for the session and hovering close to its lowest level in a year, as the market anticipates two significant events occurring simultaneously: the ECB’s Monetary Policy Meeting Accounts and U.S. weekly jobless claims. The pair settled around 1.1450 earlier as demand for the dollar cooled, then … Read more
USD/CAD rises as safe-haven demand bolsters the US Dollar in light of renewed geopolitical tensions. NY Fed President Williams conveyed a diminished concern regarding inflation, referencing an anticipated ongoing decline in energy prices. The CAD may receive support from elevated oil prices, which have surged due to US airstrikes and the revocation of Iranian sanctions … Read more
GBP/USD demonstrated its resilience on Wednesday. While the euro was pulled down to its 1.1400 critical support level due to the Iran shock, cable managed to rise above 1.3450 during the European session, as the renewed tensions in the Middle East did not provide any impetus for the U.S. dollar. Trump declared the Iran ceasefire … Read more
The Japanese yen is currently experiencing its lowest valuation in forty years, exacerbated by the recent developments in Iran on Wednesday. The USD/JPY pair moved closer to 162.50 as the U.S. dollar strengthened following Trump’s declaration that the Iran memorandum of understanding was “over,” with safe-haven flows prevailing in the financial markets. The pair commenced … Read more
Attacks on ships in the Hormuz Strait have resulted in an increase in oil prices, thereby bolstering demand for the US dollar. The NY Fed survey indicates that households anticipate an increase in inflation. Burnham’s fiscal pledge constrains the potential for intensified political pressure on Sterling. The Pound Sterling retreats against the US Dollar on … Read more
The euro experienced a decline on Tuesday, July 7, relinquishing some of the gains achieved in the previous week as the US dollar stabilised and market participants adopted a cautious stance in anticipation of an upcoming period filled with significant data releases. EUR/USD was positioned near 1.1420, retreating from a recovery that had momentarily propelled … Read more
GBP/USD is trading near $1.3377 as the July 4 weekend approaches, reflecting an increase of approximately 0.7% for the day and reaching a two-week high following the release of a disappointing US jobs report that prompted significant selling of the dollar. That appears to be a remarkable victory. It primarily reflects a depreciation of the … Read more
USD/JPY is currently positioned around 161.1 as the July 4 weekend approaches, having retreated from a four-decade peak of approximately 162.5-162.8 reached on July 1 — marking the yen’s lowest point since 1986. The yen experienced a notable increase of nearly 1% toward 161 on Thursday before reducing its gains, marking its most significant rebound … Read more
The USD/JPY exchange rate remained around 162.5 on Thursday, maintaining the yen at its lowest point in forty years and raising concerns in the market regarding potential currency intervention by Japanese officials. The pair had briefly dipped toward 161, with the yen jumping nearly 1% off its four-decade lows before trimming the gains. However, the … Read more