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
EUR/USD traded near 1.1411 on Wednesday, reflecting a slight increase of 0.11% during the session, yet remaining close to one-year lows. The pair has continued a week and a half of directionless fluctuations within the range of approximately 1.1380 and 1.1480. The euro remains indecisive, primarily due to traders’ hesitance ahead of Thursday’s European Central … Read more
USD/JPY is currently positioned at 159.00 during European trading on Wednesday, remaining just a hair’s breadth away from the 12-day peak of 159.25 reached in the previous session, as the seven-day winning streak finally takes a pause. The pair has recovered approximately 400 pips from the May 6 swing low at 155.04, surged past all … Read more
The US dollar experienced a modest rally in the initial phase of Monday’s trading session; however, it appears to be encountering some difficulty maintaining its position above the 1.3750 threshold. This marks the conclusion of a significant resistance range that warrants careful observation. Should the USD/CAD pair maintain its upward trajectory, a test of the … Read more
In January, the US Consumer Price Index increased by 0.2% on a month-to-month basis and 2.4% on a year-over-year basis, falling short of the 2.5% forecast and decreasing from the previous 2.7% rate. Core CPI rose by 0.3% for the month, while the annual core rate decreased to 2.5% from the previous 2.6%. The combination … Read more
