The USD/JPY pair increased to 162.41 on Monday, reflecting a rise of 0.44%. This movement occurred as the yen relinquished 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 … Read more
USD/JPY is trading around 162.5 on Thursday, keeping the Japanese yen close to a 40-year low as the renewed U.S.-Iran conflict drives oil prices higher and adds fresh pressure to Japan’s oil-dependent economy. The pair hovers just shy of its multi-decade peak at 162.84, having increased approximately 11% over the past year. This week’s upward … Read more
GBP/USD eases below 1.3350 on Monday, following a seven-day rally. Recent tensions in the Strait of Hormuz have negatively impacted market sentiment during what was otherwise a tranquil beginning to the week. The pair continues to trade within a descending channel. The British Pound ticks lower against the US Dollar Monday, attempting to close a … Read more
The euro traded around $1.1419 as Monday commenced, maintaining a position just above the $1.14 threshold following a modest weekly increase of 0.5%, yet remaining near one-year lows in relation to the dollar. That’s the frame: a currency that has managed to achieve a modest rebound while remaining ensnared in a persistent downtrend that has … Read more
AUD/USD remains stable as the Australian Dollar gains support from favourable domestic Trade Balance data. Australia’s Trade Balance experienced a shift to a A$3,018M deficit in May, marking a reversal from the surplus recorded in April. The US Dollar remains steady following Fed Chair Kevin Warsh’s relatively subdued remarks at Wednesday’s ECB Forum. AUD/USD inched … Read more
GBP/USD commenced the third quarter hovering around the $1.325 mark, positioned close to a seven-month low following a 1.4% decline against the dollar in June. The pound retreated from a nearly two-week peak near 1.3275 reached in the previous session, declining towards 1.3235 as the dollar strengthened and the Bank of England’s dovish stance continued … Read more
AUD/USD declines as a robust US Dollar takes advantage of increasing hawkish sentiment surrounding the Federal Reserve’s policy outlook. The CME FedWatch tool suggests that traders are currently assigning a probability of nearly 60% to a Federal Reserve rate hike by September. Trump asserted that discussions between the US and Iran were set to take … Read more
Today, the USD/JPY has once again become the focal point after surging beyond the 162.00 level, placing Japanese authorities in an increasingly precarious position. The move has pushed the yen to its weakest against the dollar level since 1986, prompting fresh speculation that Tokyo could soon intervene in the foreign exchange market. Although the US … Read more
GBP/USD declines as uncertainty regarding tensions in the Middle East escalates. Hostilities in the Gulf have ceased, paving the way for the resumption of discussions regarding the Strait of Hormuz after a series of retaliatory strikes. British politician Andy Burnham is set to present his national vision on Monday. GBP/USD experiences a slight decline following … Read more
The euro remains tethered to the dollar’s gravitational pull. EUR/USD traded near 1.1390 into Monday, remaining at the lower third of the range it has maintained throughout the year after dipping as low as 1.1324 the previous week and recovering toward 1.1410. The pair has declined for a second consecutive week, influenced not by any … Read more
