The USD/CAD pair trades almost flat around 1.3685 during the late Asian trading session on Tuesday. The Loonie pair consolidates ahead of the release of Federal Open Market Committee (FOMC) minutes of the December meeting in the late New York session. As of writing, the US Dollar Index (DXY), which gauges the Greenback’s value against six major […]
The EUR/JPY cross trades on a flat note around 183.80 during the early European trading hours on Tuesday. Expectation of additional rate hikes by the Bank of Japan (BoJ) in 2026 could provide some support to the Japanese Yen (JPY) against the Euro (EUR). Financial markets are expected to trade on thin volumes as traders prepare for the […]
The Indian Rupee (INR) edges up against the US Dollar (USD) during afternoon trading hours in India on Tuesday. The USD/INR pair ticks down to near 98.00 as trading volume gets squeezed in the final stretch of the year, with near-term bias remaining bullish due to consistent outflow of foreign funds from the Indian stock market. On Monday, Foreign […]
NZD/USD remains subdued for the third successive session, trading around 0.5830 during the Asian hours on Monday. The pair edges lower as the US Dollar (USD) recovers daily losses on technical grounds. However, the downside of the pair could be restrained as the US Dollar (USD) could struggle amid the ongoing likelihood of two more […]
GBP/USD gains after a gap-down open, trading around 1.3510 during the Asian hours on Monday. The pair gains ground as the US Dollar (USD) faces challenges, which could be attributed to growing expectations of two more rate cuts by the Federal Reserve (Fed) in 2026. Traders are likely to focus on the Federal Open Market Committee (FOMC) December […]
The Australian Dollar (AUD) rises against the US Dollar (USD), reaching a 14-month high of 0.6727 on Monday. The AUD/USD pair strengthens as the Aussie Dollar finds support amid growing expectations of interest rate hikes from the Reserve Bank of Australia (RBA). The RBA’s December Meeting Minutes indicated that board members are becoming less confident that monetary […]
USD/CAD depreciates for the second successive session, trading around 1.3660 during the Asian hours on Monday. The pair remains subdued near the five-month low of 1.3642, reached on December 26, as the commodity-linked Canadian Dollar (CAD) receives support from stronger Oil prices, given Canada’s status as the largest crude exporter to the United States (US). West […]
EUR/USD loses ground for the fourth consecutive session, trading around 1.1760 during the Asian hours on Monday. On the daily chart, technical analysis indicates a weakening bullish bias, as the pair tests to break below the lower boundary of the ascending channel pattern. Additionally, the 14-day Relative Strength Index (RSI) at 63.92 remains constructive above […]
The offshore yuan steadied around the 7 per dollar mark on Monday, after reaching a fifteen-month high in the previous session, as investors weighed the central bank’s efforts to temper rapid one-way moves. The People’s Bank of China set a slightly softer-than-expected midpoint, signaling its intent to rein in excess yuan strength, while state-run media […]
The Japanese yen strengthened past 155 per dollar on Friday, positioning itself for solid weekly gains as investors expect the Bank of Japan to continue raising interest rates despite Tokyo’s cooler-than-expected inflation data. The capital’s annual inflation rate eased to a more than one-year low of 2% in December, reflecting softer food and energy price […]