The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 102.20 in the early Asian trading hours on Monday. The DXY holds positive ground amid safe-haven flows. Traders await the US ISM Services Purchasing Managers Index (PMI) report on Monday for fresh impetus. […]
GBP/USD inches lower after posting modest gains in the previous day, trading around 1.3240 during Asian hours on Monday. The currency pair is under downward pressure as the US Dollar (USD) gains strength ahead of the upcoming US ISM Services Purchasing Managers Index release. However, market participants have scaled back expectations for an upcoming Federal […]
The EUR/USD pair loses momentum to around 1.1245 during the early Asian session on Monday. The Euro (EUR) weakens against the US Dollar (USD) amid fears over France’s shaky fiscal trajectory. The US ISM Services Purchasing Managers Index (PMI) report is due later on Monday. French Prime Minister Sébastien Lecornu’s minority government unveiled a highly […]
The USD/CAD pair holds steady above mid-1.4200s during the Asian session on Monday, trading near its highest level since April 2025, set last week. Moreover, the supportive fundamental backdrop seems tilted in favor of bulls and backs the case for an extension of the recent well-established uptrend witnessed over the past month or so. The […]
The New Zealand dollar remains subdued around $0.559, close to its lowest level since November 2025, as continued US dollar strength weighs on the currency. While softer US employment data have reduced expectations for another Federal Reserve rate hike in the near term, the dollar continues to benefit from defensive demand and persistent uncertainty across […]
The Japanese yen is holding around 157.8 per US dollar, remaining within a relatively narrow trading range as markets assess the outlook for Japanese monetary policy and await a series of economic releases. USD/JPY has traded sideways for approximately two weeks, reflecting a balance between growing expectations that the Bank of Japan could raise interest […]
EUR/USD enters the new week attempting to stabilise after a sharp four-session decline pushed the pair into deeply oversold territory. The euro recovered from around 1.1230 to 1.1260 in the latest session, while the 14-day RSI fell to approximately 21.5, one of the lowest readings seen on the pair in years. The extreme technical conditions […]
The British Pound is recovering against the US Dollar as a sharply weaker US employment report reduces expectations for a Federal Reserve rate increase in October. GBP/USD has rebounded above 1.32, trading around 1.3250 after recovering from an intraday move below 1.3200. Sterling is gaining support from the changing US monetary-policy outlook, while expectations for […]
The Mexican Peso is recovering modestly against the US Dollar, but the broader trend remains under pressure as a narrowing US-Mexico interest-rate differential continues to weaken the appeal of the Mexican carry trade. USD/MXN has eased from a recent high near 18.35 to around 18.21, while the Peso remains on course for a weekly decline […]
The Canadian dollar weakened to around C$1.42 per U.S. dollar in September, leaving the loonie near its lowest level in roughly 12 weeks as soft domestic growth and continued U.S. dollar strength weighed on the currency. The focus heading into Monday and the start of the new trading week will be whether the loonie can […]