The Japanese Yen (JPY) remains on the front foot against a broadly weaker US Dollar (USD) through the early European session on Wednesday, though it lacks bullish conviction amid a mixed fundamental backdrop. The growing acceptance that the Bank of Japan (BoJ) will stick to its policy normalization path marks a significant divergence in comparison […]
The offshore yuan weakened to around 6.98 per dollar on Wednesday, pressured by a dovish tone from the People’s Bank of China and weaker-than-expected official guidance. The central bank reiterated plans to cut the reserve requirement ratio and interest rates in 2026 to ensure ample liquidity, while maintaining an “appropriately accommodative” monetary policy stance. Meanwhile, […]
The USD/CHF pair trades in negative territory near 0.7950 during the early European session on Wednesday. The US Dollar (USD) weakens against the Swiss Franc (CHF) amid persistent geopolitical tensions and dovish comments from the US Federal Reserve (Fed) officials. Traders will keep an eye on the US ISM Services Purchasing Managers Index (PMI) report later on Wednesday. The […]
The USD/CAD pair edges lower on Tuesday and looks to extend the previous day’s late retracement slide from the 1.3815 area, or its highest level since December 11. Spot prices, however, manage to hold above mid-1.3700s through the first half of the European session and currently trade nearly unchanged for the day amid mixed cues. The US […]
The Japanese Yen (JPY) seesaws between tepid gains/minor losses against a softer US Dollar (USD) and, for now, seems to have stalled its recovery move from a nearly two-week low, touched the previous day. Despite the Bank of Japan’s (BoJ) hawkish outlook, investors remain uncertain about the likely timing of the next interest rate hike. This, […]
GBP/USD extends its gains for the second successive session, trading around 1.3560 during the Asian hours on Tuesday. The technical analysis of the daily chart indicates a persistent bullish bias. The 14-day Relative Strength Index (RSI) reached 69.29, near overbought. If the RSI extends into overbought territory, the pair could consolidate before resuming the trend. […]
The GBP/JPY pair posts a fresh multi-year high at 212.15 during the Asian trading session on Tuesday. The pair trades firmly as the Japanese Yen (JPY) underperforms across the board, even as Bank of Japan (BoJ) Governor Kazuo Ueda has signaled that there will be more interest rate hikes in the near term. Japanese Yen […]
The EUR/GBP cross trades on a flat note near 0.8655 during the early European trading hours on Tuesday. However, the potential upside for the cross might be limited as the Bank of England (BoE) guided that the monetary policy will remain on a gradual downward path, lifting the Pound Sterling (GBP). The preliminary reading of the German […]
The Indian Rupee (INR) trades positively against the US Dollar (USD) on Tuesday after a three-day losing streak. The USD/INR pair corrects to near 90.35 as the US Dollar Index (DXY) falls back sharply after posting a fresh over-a-three-week low at 98.86 on Monday. The Greenback has come under pressure as the risk-off sentiment has subsided, leading […]
The offshore yuan hovered around 6.98 per dollar, trading near a thirty-two-month high, as seasonal demand persisted while the central bank maintained a measured guidance. Year-end foreign exchange settlements remained robust, as exporters continued to convert overseas receipts to meet domestic payment needs, including bonuses ahead of the Lunar New Year in mid-February, China’s biggest […]