GBP/USD is on the rise as the US Dollar shows signs of weakness, influenced by reports regarding a US-Iran peace agreement aimed at reopening the Strait of Hormuz. Trump announced that the agreement with the Islamic Republic of Iran is now finalised. The BoE is anticipated to maintain interest rates at their current level during … Read more
EUR/USD advanced solidly above 1.1600 on Monday, trading near 1.1610 and appreciating approximately 0.4% for the day, as the U.S.-Iran peace framework diminished the safe-haven demand for the dollar and triggered risk-on flows across the market. The greenback declined to a 10-day low as the war premium that had supported it for weeks dissipated. The … Read more
USD/JPY maintained its position above 160.00 on Monday, trading near 160.25 within a tight range after hitting a session high of 160.57 on June 11. It remains at a level that prompts official warnings and compels carry desks globally to reevaluate their exposure. The pair surpassed 160 — generally regarded as the threshold of acceptable … 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
Sterling is experiencing minimal movement on Friday, June 12, with GBP/USD trading around 1.34 — last noted near 1.3415, showing little change for the day — and positioned almost precisely on its 200-day moving average, which has defined the pair’s recent performance for weeks. The pound has experienced a decline of approximately 0.8% in the … Read more
The euro is providing a classic example of why an increase in interest rates does not necessarily lead to a stronger currency. EUR/USD was observed around 1.1567 on Friday, June 12, showing a slight decline for the day and remaining just above its lowest point since early April, despite the European Central Bank implementing its … Read more
USD/JPY is currently engaging in a precarious movement on Friday, June 12, trading near 160.20 and hovering closely to the critical 160 level, which has emerged as the most significant threshold in the global currency markets. The pair is positioned at multi-decade highs, having ascended back to the area where Japanese authorities intervened merely weeks … Read more
USD/CAD declines as the US Dollar stabilises in anticipation of updates from the Middle East and significant Federal Reserve policy information. A strong US inflation report reinforced the outlook for a prolonged period of elevated Federal Reserve interest rates. The Canadian Dollar could experience a decline as decreasing oil prices coincide with reports of the … 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
The European Central Bank undertook a significant action on Thursday, yet the euro exhibited minimal reaction. EUR/USD traded near 1.1550 following the ECB’s decision to raise its Deposit Facility Rate by 25 basis points to 2.25%, marking the first rate increase in nearly three years. Despite this development, the single currency struggled to gain any … Read more