EUR/USD traded at 1.1664 on Wednesday, down 0.09% on the session, after spending the Asian hours pinned in a tight band around 1.1660 and the early European session leaking toward 1.1650. The pair accelerated to multi-day troughs near 1.1650 immediately after the July PCE report and the second estimate of Q2 GDP landed at 12:30 … Read more
USD/JPY opened the week almost exactly where it closed. The pair sat at 159.097 as of 13:24 on Monday, having opened at 159.095, a move of two-tenths of a pip across the Asian session. That flat line is the story rather than an absence of one: the pair is catching its breath after one of … 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/JPY remains around 160.80, marking the peak level since July 2024, which was attained on Thursday. Japan’s Minoru Kihara cautioned that the government stands prepared to react suitably to fluctuations in currency values at any moment. The US Dollar experienced a decline as safe-haven demand diminished, following a preliminary memorandum of understanding between the US … Read more
The euro is maintaining a stable position. EUR/USD is currently positioned around 1.1594, having increased by 0.04% in the previous session, and remains within the constrained range of 1.154 to 1.178 that has characterised its movements throughout May and June. The dollar eased Wednesday ahead of the Federal Reserve’s first policy decision under new Chair … Read more
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
USD/CAD remains stable as the US Dollar finds its footing in anticipation of upcoming updates on US-Iran peace negotiations. The commodity-linked CAD faces challenges as declining oil prices weigh on the energy-dependent currency. The Federal Reserve is anticipated to maintain interest rates at a range of 3.50% to 3.75% this Wednesday. USD/CAD continues to show … Read more
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
AUD/USD has weakened to approximately 0.7030 during the Asian session on Friday. The US PPI inflation recorded its most significant annual increase in three and a half years. The RBA is set to announce its forthcoming interest rate decision next week, with expectations indicating no alteration in the current rate. The AUD/USD pair experiences a … Read more
The pound is struggling in a contest where it ought to be competitive. GBP/USD slipped below 1.3350 during the American session on Thursday, moving towards the lower end of its recent range after failing to maintain a position above the 1.3400 level earlier in the day. The decline occurred as the dollar strengthened universally, driven … Read more
