Foreign Exchange

ForexNewsPlus Updates

AUD/USD Holds Gains as Softer US Inflation Weakens Dollar

by

The AUD/USD currency pair consolidated on Friday after recent gains throughout the week, supported by tamer-than-expected U.S. inflation readings that notably diminished the likelihood of a July rate hike. Bullish sentiment accelerated midweek following Federal Reserve Chairman Kevin Warsh’s characteristic reticence regarding the central bank’s strategy for addressing persistently elevated inflation, which has exerted downward … Read more

ForexNewsPlus Updates

USD/JPY Eyes 164 as Yen Struggles

by

USD/JPY is currently trading at approximately 161.70, having previously peaked in July above 162.80, which positions the yen precariously close to a 40-year low. The pair recorded 162.83 on June 30, marking the weakest level for the Japanese currency since 1986, and has since remained in the low 160s for the past three weeks. The … Read more

ForexNewsPlus Updates

AUD/USD Climbs Above 0.6980 Amid Dollar Weakness

by

AUD/USD maintains its upward trajectory, bolstered by a robust Australian Dollar that finds support from significant economic data published by its principal trading partner, China. China’s economy in the second quarter expanded by 0.9% on a quarter-on-quarter basis, a decline from the 1.3% growth observed in the first quarter, yet aligning with market expectations. The … Read more

ForexNewsPlus Updates

EUR/USD Holds Near One-Month High as Fed Rate Bets Ease

by

EUR/USD trades at 1.1431, reflecting a 0.10% increase during the session, following a rise to 1.1450 on Tuesday, marking its highest level since June 19, before retreating from that near one-month peak throughout Wednesday’s European session. The intraday band spans from 1.1382 to 1.1463, with the previous close recorded at 1.1387. The pair has experienced … Read more

ForexNewsPlus Updates

AUD/USD Tests Resistance While Bearish Trend Persists

by

The AUD/USD ratio might drop to 0.6833, a nearly six-month low. The 14-day Relative Strength Index around 40 indicates that the asset continues to experience bearish pressure. The pair is currently assessing the immediate resistance at the nine-day EMA of 0.6932. AUD/USD is experiencing a slight upward movement following a decline of 0.5% the previous … Read more

ForexNewsPlus Updates

AUD/USD Falls Toward 0.70 as Dollar Extends Gains

by

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

ForexNewsPlus Updates

USD/JPY Near 160 as Carry Trade Dominates

by

The Bank of Japan adhered closely to established policy guidelines, yet the yen exhibited minimal movement. USD/JPY is currently at 160.19, reflecting a 0.17% increase during the session within a narrow range of 159.90 to 160.38. It remains just above the critical 160.00 threshold, which is a significant point for Japanese authorities, following the Bank … Read more

ForexNewsPlus Updates

USD/JPY in Focus as BoJ and Fed Set Policy

by

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

ForexNewsPlus Updates

EUR/USD Slips Ahead of Fully Priced ECB Rate Hike

by

EUR/USD was observed around 1.1555 by midday Wednesday, trending down towards multi-week lows ahead of the European Central Bank decision that has already been priced in by money markets. The June 11 meeting reflects a complete market-implied probability of a 25-basis-point increase, which would elevate the deposit facility rate from 2.00% to 2.25%. This marks … Read more

ForexNewsPlus Updates

AUD/USD Slips After Weak Australia GDP Data

by

AUD/USD softens to near 0.7180. Wednesday’s early Asian session. Australian GDP expanded by 0.3% quarter-on-quarter in the first quarter of 2026, falling short of expectations. US forces have executed strikes following an attack by Iran, according to reports. The AUD/USD pair experiences a decline, reaching approximately 0.7180 in the early Asian session on Wednesday. The … Read more

We use cookies to improve your experience.
Privacy Policy