CorporateBusiness Bay Dubai, UAE
Mon - Fri8.00 am to 7.00pm
Youghal Cork Ireland
Business Bay Dubai, UAE
Forex
Forex

Forex

25
Nov

EUR/JPY trade with negative bias around mid-180.00s; eyes German GDP for fresh impetus

The EUR/JPY cross struggles to build on the previous day’s positive move and ticks lower during the Asian session on Tuesday. Spot prices currently trade around mid-180.00s, down 0.10% for the day, though the downside potential seems limited. The Japanese Yen (JPY) draws some support from speculations that authorities would step in to stem any […]

Share This Post
25
Nov

USD/CHF clings to gains near 0.8100, multi-week top amid bullish USD and risk-on mood

The USD/CHF pair attracts some dip-buying during the Asian session on Tuesday and currently trades just below the 0.8100 mark, or a nearly three-week high touched the previous day. The mixed fundamental backdrop, however, warrants some caution before positioning for an extension of a nearly two-week-old uptrend from the 0.7880-0.7875 region. The recent data showed that […]

Share This Post
25
Nov

EUR/GBP flat lines near 0.8800 as traders await UK Autumn Budget

The EUR/GBP cross holds steady near 0.8790 during the early European session on Tuesday. Markets might turn cautious ahead of the UK government’s Autumn Budget, which is scheduled for Wednesday. The final reading of German Gross Domestic Product (GDP) for the third quarter (Q3) will be released later on Tuesday.  UK Chancellor of the Exchequer Rachel Reeves is […]

Share This Post
25
Nov

Yen Edges Up on Intervention Watch

The Japanese yen rose to around 156.6 per dollar on Tuesday, recovering losses from the previous session amid speculation that authorities could intervene to curb the currency’s decline. On Sunday, Takuji Aida, an adviser to Prime Minister Sanae Takaichi, said Tokyo is prepared to actively intervene in currency markets to offset the negative economic effects […]

Share This Post
25
Nov

Won Rises on Fed Rate-Cut Expectations, Domestic Growth Signals

The South Korean won appreciated to around 1,471 per dollar on Tuesday, rebounding from multi-month lows as expectations of a Federal Reserve interest rate cut grew, with investors awaiting the latest US economic data for signals on upcoming policy decisions. Domestic developments also bolstered sentiment, as the Bank of Korea prepares for Thursday’s rate-setting meeting. […]

Share This Post
25
Nov

Offshore Yuan Hits Over One-Year Peak

The offshore yuan climbed to around 7.09 per dollar on Tuesday, reaching its highest level since early October last year, boosted by signs of improving US-China relations. US President Donald Trump and Chinese leader Xi Jinping held a phone call earlier in the week, with both governments stressing progress on trade and tariff commitments reached […]

Share This Post
24
Nov

Sterling Little Changed Ahead of Budget

The British pound hovered just below $1.31 as traders awaited the UK’s Nov. 26 budget. Finance minister Rachel Reeves is expected to find tens of billions of pounds to meet her fiscal rules, and reports that she might avoid tax hikes briefly unsettled markets. The OBR will reportedly cut growth forecasts for 2026 and beyond, […]

Share This Post
24
Nov

Yen Slips in Holiday-Thinned Trade

The Japanese yen slipped past 156.5 per dollar on Monday, giving back part of the prior session’s gains as traders continued to weigh a series of verbal interventions from authorities aimed at slowing the currency’s slide. On Sunday, Takuji Aida, an adviser to Prime Minister Sanae Takaichi, said Tokyo can actively intervene in currency markets […]

Share This Post
24
Nov

Won Falls as Capital Outflows Mount

The South Korean won depreciated to around 1,472 on Monday, approaching its lowest level in more than seven months, as market sentiment remained pressured by concerns of continued capital outflows. The currency’s weakness has also been reflected in its real effective exchange rate, which dropped to 89.09 in October, marking its lowest level in roughly […]

Share This Post
24
Nov

Offshore Yuan Holds Firm

The offshore yuan traded around 7.11 per dollar, moving sideways near a one-week high, as the central bank continued to guide the currency stronger. The People’s Bank of China set the midpoint at 7.0847 on Monday, firmer than Friday’s 7.0875 fix and the 7.1162 estimate, signaling its effort to stabilize the yuan. Analysts noted that […]

Share This Post