ForexNewsPlus Updates

AUD/USD Range-Bound as Dollar Strength Caps Upside

The AUD/USD pair continues to trade within a narrow range, showing only a slight recovery, as ongoing strength in the U.S. dollar constrains upside potential. Key technical levels outline possible price movements; however, fading rallies remains the preferred strategy given the lack of momentum and persistent macro uncertainty. AUD/USD showed a modest rebound during Thursday’s … Read more

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GBP/USD Hits 1.34 as BoE Cuts and Soft Dollar Propel Bullish Trend to 1.35

GBP/USD is maintaining a range between 1.3370 and 1.3440 after testing 1.3446, with the spot fluctuating around 1.3373 to 1.3380. For 2025, the pair is approximately 6–6.5% elevated, transitioning from around 15-month lows to approaching a four-year peak, and is currently solidifying that progression. The current price action reflects typical late-cycle foreign exchange behavior, with … Read more

EUR-USD

EUR/USD Holds 1.17 Amid Weak US CPI Weighing on Dollar

The EUR/USD pair is currently positioned between 1.1710 and 1.1720 following four consecutive days of declines. Nevertheless, it retains the majority of its approximately 2% rally over the past three weeks and continues to operate within a distinct upward trend. The price has retraced from this week’s three-month peak at 1.1804 and is currently examining … Read more

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USD/JPY Hits 157 as BoJ’s 0.75% Rate Hike Fails Yen

The USD/JPY rate is currently positioned between 156.9 and 157.3, reflecting an increase of approximately 0.8 to 1.3% for the day, despite the Bank of Japan implementing its most significant tightening measure in thirty years. The yen experienced aggressive selling rather than strengthening, resulting in USD/JPY rising from the mid-154s earlier in the week to … Read more

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GBP/USD Stays at 1.34 as Weak US CPI Weigh on Dollar

GBP/USD is currently positioned within the 1.33–1.34 range following a notable two-day movement influenced by UK CPI, the BoE’s decision to cut rates, and a softer US CPI report. The pair was observed trading near 1.3420 in Asia, subsequently dropping to 1.3310 following the UK inflation miss, before recovering to the 1.3370–1.3410 range and testing … Read more

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EUR/USD Stays Above 1.1700 with ECB at 2.0% and US CPI at 2.7%

The fundamental configuration in EUR/USD features a 2.0% ECB deposit rate maintained, juxtaposed with a Fed that recently experienced a headline CPI decline to 2.7% year-on-year, compared to a consensus of 3.1%. The interplay of these factors diminishes the strength of the USD narrative, particularly as the ECB indicates that its current policy stance is … Read more

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USD/JPY Stays Above 155 as BoJ and US CPI Signal Major Shift

The USD/JPY pair is currently maintaining its position within the 155.50–156.00 range, having tested levels above 155.60 during the early Asian session and continuing to rise as the European session progresses. In the past week of trading, the pair has experienced a modest decline of approximately 1%, which can be considered a minor pullback in … Read more

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EUR/USD remains over 1.17 as bulls defend ECB and CPI uptrends

EUR/USD is currently positioned between 1.1720 and 1.1730 as of December 17, experiencing a pullback from the 1.1780 peak observed at the end of the previous week, yet maintaining a distinctly positive framework. The pair has decreased approximately 0.2–0.3% today after reaching a 12-week peak exceeding 1.1780. However, it continues to trade above the critical … Read more

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USD/JPY Hovers at 155.5 as Dollar Bounces Back

The USD/JPY currency pair is currently fluctuating between 155.40 and 155.60 following a significant intraday recovery, reflecting an approximate increase of +0.5% from the previous lows. The pair momentarily fell below the 155.00 threshold before rebounding toward 155.50, coinciding with a recovery in the US Dollar and an increase in Treasury yields. The Dollar Index … Read more

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USD/CAD Stalls at Key Level as Dollar Direction Takes Center Stage

USD/CAD continues to exhibit volatility around a significant technical level as market participants assess Federal Reserve policy and the overall strength of the dollar. The limited yield advantage suggests that the direction of USD/CAD will likely be influenced by fluctuations in other significant currency pairs. The US dollar has exhibited considerable volatility during the trading … Read more