The South Korean won held steady around 1,440 per dollar on the first trading day of 2026, as investors digested remarks from the Bank of Korea’s governor. BOK Governor Rhee Chang-yong said the won remains “misaligned” with economic fundamentals, warning that persistent depreciation could heighten inflation and weigh on domestic-oriented firms. He emphasized that the […]
The offshore yuan steadied around 6.97 per dollar on Friday, but traded at its strongest since May 2023, defying weaker central bank guidance as exporters continued selling dollars. The currency also recorded its largest annual gain since 2020, rising roughly 5% for 2025 to snap its three-year losing streak. The yuan’s rapid advance has prompted […]
The EUR/USD pair trades in positive territory around 1.1755 during the early European trading hours on Friday. The European Central Bank (ECB) kept rates unchanged at its December policy meeting, and its outlook suggested less urgency for further cuts, which has provided some support to the Euro (EUR) against the US Dollar (USD). ECB President Christine Lagarde emphasized a data-dependent, “meeting-by-meeting” […]
USD/CHF loses ground as the US Dollar (USD) weakens over expectations of two more Federal Reserve rate cuts in 2026. The pair is trading around 0.7920 during the Asian hours on Friday. The Fed delivered a 25-basis-point (bps) interest rate cut at the December 2025 meeting, bringing the target range to 3.50%–3.75%. The US central bank reduced […]
EUR/USD has recovered its recent losses registered in the previous session, trading around 1.1760 during the Asian hours on Friday. Traders will likely observe Germany’s Manufacturing Purchasing Managers’ Index (PMI) data later in the day. The Euro (EUR) is finding support against the US Dollar (USD) as monetary policy paths diverge between the European Central […]
The GBP/USD pair gathers strength to around 1.3480 during the early Asian session on Friday. Expectations of the US Federal Reserve (Fed) rate cuts this year weigh on the US Dollar (USD) against the Pound Sterling (GBP). Philadelphia Fed President Anna Paulson is set to speak later on the weekend. The Greenback ended 2025 with the sharpest annual […]
USD/CAD pares recent gains from the previous session, trading around 1.3710 during the Asian hours on Friday. The pair depreciates as the US Dollar (USD) loses ground over expectations of two more Federal Reserve rate cuts in 2026. Markets are bracing for US President Donald Trump to nominate a new Fed chair to replace Jerome Powell when his […]
NZD/USD halts its five-day losing streak, trading around 0.5760 during the Asian hours on Friday. The pair appreciates as the US Dollar (USD) loses ground over expectations of two more Federal Reserve rate cuts in 2026. Markets are bracing for US President Donald Trump to nominate a new Fed chair to replace Jerome Powell when his term […]
The Australian dollar appreciated to around $0.669 on Friday, trading near 14-month highs to kick off the new year positively as investors await next week’s monthly inflation data, which could influence the RBA’s policy stance following its hint at a possible rate hike this year. The central bank’s December meeting minutes showed policymakers are prepared […]
The Japanese yen stabilized around 156.6 per dollar on Friday after two consecutive sessions of losses, though it remained near ten-month lows, intensifying calls for intervention. Tokyo’s verbal warnings last month briefly kept the yen out of the intervention zone, with Finance Minister Katayama emphasizing Japan’s freedom to act against excessive moves, though worries over […]