The GBP/USD pair gathers strength to around 1.3240 during the early Asian trading hours on Friday. The US Dollar (USD) softens against the British Pound (GBP) following comments from Federal Reserve (Fed) Governor Christopher Waller. Traders will keep an eye on the Michigan Consumer Sentiment Index data for October later on Friday. Fed Governor Christopher […]
The AUD/USD pair edges higher during the Asian session on Friday, looking to build on the overnight bounce from the lower boundary of the weekly range amid a softer US Dollar (USD). Spot prices, however, lack bullish conviction and currently trade above mid-0.6900s, up just over 0.10% for the day. President Donald Trump said on […]
The US dollar index has weakened toward 102, extending recent losses as declining Treasury yields and easing concerns over tensions with Iran reduce support for the greenback. A well-received 30-year Treasury bond auction suggests investors remain willing to purchase long-dated US government debt despite recent selling pressure, helping push yields lower and influencing expectations for […]
The offshore Chinese yuan strengthened to around 6.69 per US dollar, supported by China’s firm stance on exchange-rate policy as trade discussions with the European Union bring currency competitiveness into sharper focus. The People’s Bank of China (PBoC) has rejected the argument that exchange-rate adjustments alone can resolve global trade imbalances, maintaining that China’s export […]
Fed Governor Christopher Waller said the US economy appears to be strengthening noticeably in the second half of 2026, while the labor market remains “solid and stable” despite a slower pace of job creation. At the same time, he stressed that inflation remains too high and has been above the Fed’s target for around five […]
The AUD/USD pair declines to around 0.6965 during the Asian trading hours on Thursday. The US Dollar (USD) strengthens against the Australian Dollar (AUD) after hawkish Minutes from the Federal Open Market Committee (FOMC). The US weekly Initial Jobless Claims report and the Fedspeak will be the highlights later in the day. According to meeting […]
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, drifts lower during the Asian session on Thursday and extends the previous day’s modest pullback from the vicinity of its highest level since April 2025. The index, however, holds above the 102.00 mark. Moreover, the supportive fundamental backdrop backs the case […]
The EUR/USD pair recovers some lost ground to around 1.1200 during the early Asian session on Thursday. However, the potential upside for the major pair might be limited as France’s fiscal concerns continued to weigh on the Euro (EUR). Traders await the release of the US weekly Initial Jobless Claims report and the Fedspeak later […]
The USD/JPY pair drifts lower during the Asian session on Thursday, extending the previous day’s pullback from a one-and-a-half-week high, around the 158.50 region. Spot prices, however, remain confined in a familiar range and currently trade near the lower end of the weekly range, around the 157.85-157.80 region, down 0.15% for the day. Data released […]
GBP/USD remains subdued for the second successive day, trading around 1.3210 during the Asian hours on Thursday. The pair inches lower as the US Dollar (USD) holds its ground, bolstered by elevated US Treasury bond yields that have climbed near their highest levels since 2002. Meanwhile, a recent spike in oil prices has reignited concerns […]