GBP/USD trades at 1.3387, reflecting an increase of 0.28%, following a Tuesday close at 1.3407, which marked a 0.44% gain that brought the pair back to mid-June levels.The pound experienced a rebound from an overnight low of 1.3369 on Monday, reaching 1.3391 prior to the release of U.S. inflation data. It has since recovered 1.68% … Read more
EUR/USD changed hands at 1.1390 Monday, maintaining a defensive position beneath the 1.1400 handle, marking its weakest level in a year. The dollar commenced the week with strength driven by safe-haven flows, while the pair experienced a breakdown from a bearish flag formation. The US Dollar Index climbed 0.2% to 101.15 as the weekend U.S.-Iran … Read more
The USD/JPY increased to 162.41 on Monday, reflecting a rise of 0.44%. This movement occurred as the yen surrendered gains from the previous session, reaching new 40-year lows against the dollar. The upward pressure on the dollar was attributed to the recent escalation in Hormuz, which caused a spike in oil prices, heightened expectations for … Read more
GBP/USD held at 1.3389 on Monday, finding support near 1.3370 and maintaining its recovery near 1.3400, as sterling rebounded from the weekend’s risk-off shock while the dollar’s safe-haven appeal diminished in light of Iran mediation signals. The contrast with the euro is noteworthy: while EUR/USD remains at one-year lows near 1.1390, cable has managed to … Read more
The EUR/USD pair commenced the third quarter at the 1.14 level, currently trading around 1.1410 after recovering from the one-year lows observed last week. The pair closed June at roughly 1.1400, a whisker off its weakest level since June 2025, and the bounce off the recent 1.1324 low did nothing to change the trajectory. The … Read more
USD/JPY commenced the third quarter with a significant surge, reaching a 40-year peak as the pair exceeded 162.5 and approached new territory near 163.00, coinciding with the Japanese yen’s decline to its lowest point since December 1986. The move has placed the currency market on high alert — a yen this weak raises the spectre … Read more
USD/CAD slips as the US Dollar weakens following reports that Washington and Tehran have paused hostilities in anticipation of peace talks in Doha. Traders continue to exhibit a heightened sensitivity to developments in the Middle East, evaluating the implications for regional stability and its influence on global risk appetite. The commodity-linked Canadian Dollar may face … Read more
Sterling is engaged in a challenging struggle on two fronts, as evidenced by the chart. GBP/USD is currently trading around 1.3195 in Friday’s dealings, maintaining slight gains above 1.32 after recovering from a seven-month low of approximately 1.3147 earlier this week. The pair has declined from its January 28 peak of 1.3824 — a drop … Read more
The yen is currently at a low point. USD/JPY trades around 161.7 in Friday dealing, hovering near 40-year highs and pinning the Japanese currency at its weakest level since 1986. The pair has returned to nearly the 161.95 peak, having surpassed the early-May highs where Tokyo intervened, and it continues to ascend despite ongoing verbal … Read more
The pound is experiencing pressure from both sides, leading to a decline to a seven-month low. GBP/USD traded around 1.3180 on Thursday, remaining just below the 1.3200 level following a recovery attempt, weighed down by a US dollar that has surged to its highest point since May 2025, alongside a UK environment characterised by political … Read more