USD
KRW, Market Analysis, Technical Analysis, USD
South Korean Won Strengthens to 1,336 Against Dollar as Export Growth and Equity Inflows Support Currency
The South Korean won strengthened towards 1,336 per US dollar on Wednesday, reaching its strongest level since late October as robust export growth, improving domestic economic indicators and renewed foreign investment in Korean equities supported demand for the currency. The recovery reflects stronger confidence in South Korea’s export sector, particularly semiconductors, where shipments have surged […]
by Currency Hedger
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- 2 days ago
JPY, Market Analysis, Technical Analysis, USD
Japanese Yen Falls Towards 159 as Hawkish Fed Outlook Strengthens US Dollar
The Japanese yen weakened towards 159 per US dollar on Wednesday, approaching a two-month low as stronger-than-expected US inflation data and increasingly hawkish Federal Reserve commentary supported the dollar. Expectations of further US monetary tightening have intensified, leaving the yen under pressure despite growing signals that the Bank of Japan is preparing to raise interest […]
by Currency Hedger
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- 2 days ago
Market Analysis, Technical Analysis, USD
Waller’s hawkish Fed remarks drive USDIDX rebound – Is a 50 bp U.S. rate hike possible?
Christopher Waller’s comments opened the door to a potential 50 bp rate hike and were interpreted by markets as clearly hawkish, prompting a modest pullback in S&P 500 futures (US500) and a rebound in U.S. Dollar Index futures (USDIDX). Waller stressed that inflation remains too high, September’s inflation data were unfavorable from the Fed’s perspective, […]
by Currency Hedger
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- 3 days ago
EUR, KRW, Market Analysis, MXN, NOK, Technical Analysis, USD
Mexican Peso Leads Global Currency Gains as Dollar Weakens Against Major Peers
Today Markets Analysis The Mexican peso emerged as the strongest-performing currency in the latest foreign exchange session, appreciating 0.63% as gains extended across several major and emerging-market currencies. The South Korean won followed with a 0.36% advance, while the Swedish krona gained 0.34%. The euro and British pound also recorded modest improvements, rising 0.16% and […]
by Currency Hedger
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- 3 days ago
CAD, Market Analysis, Technical Analysis, USD
USD/CAD Price Forecast: Trades near 1.4100 after inching lower from descending channel top
USD/CAD extends its losses for the second successive day, trading around 1.4110 during European hours on Tuesday. The technical analysis of the daily chart shows that the pair price is remaining within the descending channel pattern, signalling an ongoing bearish bias. The USD/CAD pair holds a mildly bullish near-term bias as price remains above both […]
by Currency Hedger
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- 3 days ago
CHF, Market Analysis, Technical Analysis, USD
Trade of The Day USD/CHF : Swiss Franc Pair Signals Further Upside After Rebounding From Key Support
The US dollar against the Swiss franc (USD/CHF) is showing bullish technical signals, with the pair maintaining an upward bias after rebounding from an important daily support zone between 0.8150 and 0.8135. The recovery from this area suggests buyers are attempting to re-establish control, while the pair’s position above its 100-period daily moving average provides […]
by Currency Hedger
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- 3 days ago
CAD, Market Analysis, Technical Analysis, USD
Canadian Dollar flatlines as traders brace for US CPI release
The USD/CAD pair trades on a flat note near 1.4120 during the early European trading hours on Tuesday. Traders might prefer to wait on the sidelines ahead of the key US inflation data, which is due later in the day. Stronger-than-expected US Nonfarm Payrolls (NFP) data released last week have reinforced expectations that the US […]
by Currency Hedger
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- 3 days ago
CHF, Market Analysis, USD
Swiss Franc holds ground as US Dollar consolidates ahead of CPI inflation data
USD/CHF remains steady after posting minor losses in the previous day, trading around 0.8190 during Asian hours on Tuesday. The pair moves little as the US Dollar (USD) trades sideways amid easing safe-haven demand alongside growing speculation of a diplomatic breakthrough between Washington and Tehran. Meanwhile, crude oil prices dropping to their lowest levels since […]
by Currency Hedger
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- 3 days ago
EUR, GBP, INR, Market Analysis, Technical Analysis, USD
Indian Rupee Leads Currency Losses as Asian FX Markets Show Mixed Performance
Today Markets Analysis The Indian rupee emerged as the weakest-performing major currency in the latest foreign exchange session, declining 0.38%, while the Japanese yen also recorded modest losses as broader currency markets remained relatively subdued. The rupee’s decline contrasted with largely unchanged movements in the British pound, euro and US dollar index, highlighting a divergence […]
by Currency Hedger
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- 3 days ago
GBP, Market Analysis, Technical Analysis, USD
GBP/USD Price Forecast: Holds gains near 1.3450, maintains constructive bias above 100-day SMA
The GBP/USD pair trades in positive territory around 1.3445 during the early European session on Tuesday. However, markets might turn cautious later in the day ahead of the release of the US October Consumer Price Index (CPI) inflation report. Last week, the BoE raised its benchmark interest rate by 25 basis points (bps) to 4.00%, […]
by Currency Hedger
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- 3 days ago