The GBP/USD pair trades on a firmer note around 1.3305 during the early European session on Wednesday. The Greenback edges lower against the Pound Sterling (GBP) as the US Federal Reserve (Fed) is widely expected to announce another interest rate cut on Wednesday. The UK monthly Gross Domestic Product (GDP) report will be published later on Friday. Markets have priced […]
The USD/CHF pair trades flat around 0.8060 during the late Asian trading session on Wednesday. The Swiss Franc pair consolidates as investors await the monetary policy announcement by the Federal Reserve (Fed), which is scheduled at 19:00 GMT. During the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades flat […]
The Australian dollar traded around $0.664, hovering close to its highest level in nearly three months, supported by the Reserve Bank’s hawkish monetary policy outlook. The central bank held cash rates steady as widely expected at its December meeting, while Governor Michele Bullock took markets by surprise with a sharply hawkish shift on rates by […]
The offshore yuan held its gain around 7.06 per dollar on Wednesday, as elevated consumer inflation tempered expectations of further monetary policy support. China’s consumer prices increased 0.7% year-on-year in November 2025, marking the highest reading since February 2024. Earlier this week, the Politburo pledged to expand domestic demand and support the broader economy in […]
The USD/CAD pair struggles to capitalize on the previous day’s goodish recovery from the 1.3800 mark, or its lowest level since September 22, and edges lower during the Asian session on Tuesday. Spot prices currently trade around the 1.3845-1.3850 region, though traders seem reluctant to place aggressive directional bets amid mixed fundamental cues. The upbeat Canadian employment […]
The EUR/JPY cross trades on a firmer note around 181.60 during the early European session on Tuesday. The Japanese Yen (JPY) softens against the Euro (EUR) after a massive 7.6-magnitude earthquake shook northeastern Japan late on Monday, which briefly raised concerns about economic disruptions. Furthermore, weaker-than-expected Japan Gross Domestic Product (GDP) data for the third quarter might […]
The Australian Dollar (AUD) catches fresh bids in reaction to the Reserve Bank of Australia (RBA) Governor Michele Bullock’s remarks during the post-meeting press conference, saying that more rate cuts might not be needed. Bullock added that the board discussed circumstances in which the central bank might have to tighten. This, along with a modest […]
The GBP/USD pair attracts some buyers following the previous day’s two-way directionless price move and holds steady above the 1.3300 mark during the Asian session on Tuesday. Spot prices, however, lack strong follow-through buying as traders opt to wait on the sidelines ahead of this week’s key central bank event risk. The US Federal Reserve (Fed) is […]
The EUR/USD pair gains ground to near 1.1645 during the early European session on Tuesday. The prospect of a US interest rate cut on Wednesday weighs on the US Dollar (USD) against the Euro (EUR). Traders will keep an eye on the US ADP Employment Change four-week average and Jolts Job Openings reports for September and October […]
The Indian Rupee (INR) bounces back against the US Dollar (USD) on Tuesday. The USD/INR pair falls to near 90.20 amid a slowdown in the pace of foreign outflow from the Indian stock market. Over the last two trading days, overseas investors have pared their stake by an average worth of Rs. 547.25 crore, which is lower than the […]