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
EUR/USD traded at 1.1501 on Friday, reflecting a decline of 0.23% from the prior session, yet remaining above the 1.15 threshold and close to its peak since June 16. The pair is poised for a monthly increase of approximately 0.8% to 1.09%, marking its most favourable month since the euro’s decline in the spring, while … Read more
The dollar-yen exchange rate was recorded at 160.80 on Friday, reflecting an increase of 0.78% during the session. This movement occurred less than eighteen hours following Japan’s execution of what seems to be the most significant single-day currency intervention in its history. The overnight move was marked by significant volatility. USD/JPY experienced a decline of … Read more
USD/JPY is currently trading at approximately 161.06, reflecting a decline of about 1.43% during the session, following indications that Japanese authorities have intervened in the market to purchase yen. The pair was at 163.50 earlier in the day, reflecting an increase of 0.06% and maintaining a position near the upper limit of its range. However, … Read more
USD/CAD slips as easing US-Iran geopolitical tensions have diminished safe-haven demand and ignited a market risk-on rally. Despite a temporary lull in US-Iran tensions, market participants are apprehensive about potential supply disruptions stemming from Houthi assaults on Saudi facilities in the Red Sea. Declining oil prices may exert pressure on the commodity-linked Canadian Dollar. USD/CAD … Read more
