The AUD/USD pair gains ground to near 0.7120 during the early European trading hours on Tuesday. The Australian Dollar (AUD) strengthens against the US Dollar (USD) following Reserve Bank of Australia (RBA) Governor Michele Bullock’s speech. Traders brace for the Fedspeak later on Tuesday for fresh impetus. RBA Governor Michele Bullock said on Tuesday that […]
USD/CHF loses ground for the fourth consecutive day, trading around 0.8200 during Asian hours on Tuesday. The pair depreciates as the US Dollar (USD) declines on increased risk-on sentiment due to trade and diplomatic prospects: traders are closely monitoring an upcoming US-China summit for signs of improving relations between the world’s two largest economies. Additionally, […]
The AUD/JPY cross attracts fresh buyers following a modest Asian session dip to the 111.80 area on Tuesday and turns positive for the seventh consecutive day. Spot prices, however, remain below last week’s swing high and currently trade around the 112.15-112.20 region, up nearly 0.15% for the day. The Japanese Yen (JPY) continues with its […]
EUR/USD traded higher toward 1.1475 during Tuesday’s early European session as the euro gained modest ground against the US dollar amid improved risk sentiment and renewed hopes for potential US-Iran diplomatic talks. Despite the rebound, the broader technical structure remains under pressure. EUR/USD continues to trade below its 100-day simple moving average (SMA), while the […]
The South Korean won strengthened to around 1,360 per US dollar, recovering from four-week lows as a sharp decline in oil prices reduced pressure on South Korea’s energy import bill and improved sentiment toward the currency. WTI crude fell approximately 4.5% below $100 per barrel, while Brent crude declined more than 3%, amid hopes for […]
GBP/USD is trading below 1.3400 at the start of the week, with the pair around 1.3375 during early European trading. Sterling remains under pressure after the US Federal Reserve delivered a hawkish rate increase last week, while the technical structure continues to point to downside pressure as long as the pair remains below its 100-day […]
The AUD/USD remains above the 0.7100 level at the start of the week, with the Australian Dollar finding support after a modest gap lower. The pair is trading around 0.7120-0.7125, but the recovery has so far lacked strong upside momentum as traders position ahead of several potentially market-moving events in Australia, the United States and […]
USD/CHF gains ground after two days of losses, trading around 0.8230 during the Asian hours on Monday. The pair appreciates as the US Dollar (USD) gains support amid hawkish sentiment surrounding the Federal Reserve (Fed) policy outlook. Last week, the US Federal Reserve delivered a 25-basis-point rate hike, its first hike in three years, as officials sought to […]
The EUR/JPY exchange rate is holding around 180.25 at the start of the European session on Monday, consolidating after a sharp recovery from the September lows. Trading conditions are thinner than normal because Japanese markets are closed for a three-day holiday, while traders remain alert to the possibility of Japanese authorities intervening to support the […]
The Indian rupee hovered around 95.75-95.90 per dollar on Monday, extending its recent recovery as softer oil prices, expected portfolio inflows and continued Reserve Bank of India intervention helped limit pressure on the currency. The rupee closed at 95.8725 per dollar on Friday, while traders expect the currency to remain within a relatively narrow 95.30-96.00 […]