The dollar is currently valued at 155.40 against the yen, reflecting a decrease of 2.07% for the day and marking a continuation of its decline for a second consecutive session. That represents a four-yen movement within a single trading day from a previous close around 158.68, bringing the pair to its lowest point since August … Read more
GBP/USD opened the week recovering part of Friday’s slide and stalled below the mid-1.3500s, having closed Friday at 1.35307 after a 0.43% decline. The pair briefly climbed above 1.3550 during the European session before retreating, and it sits at one-week lows following another failure at resistance near 1.3650. UK markets are closed for the Summer … Read more
USD/JPY is currently at 159.078, reflecting an increase of 0.06% from Friday’s closing figure of 158.98. The session has fluctuated between 158.59 and 159.28, commencing at 159.01. The 52-week range spans 145.48 to 164.00, positioning the current spot within 493 pips of the upper limit of this annual band. The pair has returned above 159.00 … Read more
USD/CAD strengthens to approximately 1.3820 during the early European session on Monday. The United States has implemented a 50% tariff on goods imported from Canada. In response, Canadian Prime Minister Carney has pledged a ‘dollar-for-dollar’ retaliation, effective September 8. Iranian officials maintain a resolute stance, asserting that the sanctions will ultimately prove ineffective. During Monday’s … Read more
AUD/USD appreciates to approximately 0.7090 during the early hours of Monday’s Asian session. US Retail Sales experienced a decline in momentum during July, decreasing by 0.6% on a month-over-month basis. RBA’s Kent indicated that the rate hikes are producing the desired effects. The AUD/USD pair is experiencing modest gains, hovering around 0.7090 in the early … Read more
The dollar rose to 159.4570 against the yen on Thursday, August 13, up 0.02% from the previous session, after testing 159.53 during the European morning. The pair traded flat near 159.40 through the Asian session and has spent the week grinding back toward the level that triggered a record intervention two weeks ago. Over the … Read more
Cable achieved what the euro was unable to accomplish. GBP/USD continued its weekly ascent, maintaining a position above the 1.3500 mark and approaching the 1.3550 area — levels not seen in several weeks — before settling around 1.3530 amid slight selling pressure on the dollar. The pair remained constrained during the European session. It traded … Read more
On Tuesday, the USD/JPY exchange rate was recorded at 159.27, reflecting an increase of approximately 1.4% during the session. This rise followed a gain of over 150 pips during Monday’s US trading hours, successfully surpassing the 159.00 threshold. The pair is currently testing the upper boundary of the channel that has confined its movement since … Read more
USD/CAD advances as the US-Iran conflict and tensions in the Strait of Hormuz heighten market anxiety. Lowers September rate hike odds following an unexpected decline in Nonfarm Payrolls for July. Rebounding WTI prices may provide underlying support for the commodity-linked Canadian Dollar. USD/CAD recovers after experiencing losses exceeding 0.5% the previous day, currently trading near … Read more
The euro is currently valued at 1.1536 against the dollar during Wednesday’s European session, reflecting a slight increase for the day of approximately 0.18%. The exchange rate has fluctuated between 1.15304 and 1.1537, varying by trading venue. The pair advanced toward 1.1550 during the early European hours before retracing back into the range it has … Read more
