GBP/USD is currently positioned at 1.3378 following the Bank of England’s decision to maintain the Bank Rate at 3.75%, a choice reached by a 6–3 vote. This marks the fifth consecutive hold and the fifth instance of such a decision this year. The pair commenced the session at 1.3369, subsequently declining 0.2% to 1.3341 during … Read more
AUD/USD declines as the Australian Dollar stays muted in response to softer inflation figures, which dampen domestic interest rate outlooks. Australia’s June CPI increased by 3.8% on a year-over-year basis, reflecting a deceleration from May and falling short of the 4.0% market expectation. Middle East hostilities bolster the US Dollar, posing a risk of additional … Read more
The dollar traded at 163.6710 against the yen on Wednesday, down 0.10% from the previous session, holding within a whisker of the weakest level the Japanese currency has seen since December 1986. That forty-year low was printed at 163.99 last week. The pair has consolidated between roughly 163.55 and 163.90 since, refusing to either break … 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
AUD/USD has experienced a rally for the second consecutive day, reaching one-month highs above 0.7020. Investors’ optimism regarding a potential ceasefire in Iran is exerting downward pressure on the US Dollar. Increased speculation regarding a potential rate hike by the RBA later this year lends further support to the Australian dollar. The Australian Dollar is … Read more
GBP/USD trades at 1.34744, reflecting a modest increase of 0.05% during the session, following a volatile week characterised by a rally to a multi-week high exceeding 1.3560, which was subsequently retraced almost entirely. The 50-period moving average is positioned at 1.34840. The 200-period is positioned at 1.34700. Spot is positioned between them, 9.6 pips beneath … 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 162.14472, reflecting a decline of 0.03% for the session. The pair recorded a value of 162.1060 on July 15, reflecting a decrease of 0.09% from the prior close. The yen has depreciated by 1.05% in the last month and by 9.54% over the past twelve months. The yen last fell to … 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
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
