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Forex
Forex

Forex

24
Dec

Japanese Yen remains on the front foot vs. bearish USD amid BoJ-Fed policy divergence

The Japanese Yen (JPY) prolongs its uptrend against a broadly weaker US Dollar (USD) for the third straight day and climbs to a fresh weekly top during the Asian session on Wednesday. Minutes of the Bank of Japan’s (BoJ) October meeting showed that board members debated the need to continue raising interest rates. Apart from this, […]

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24
Dec

EUR/GBP weakens below 0.8750 as BoE hints at slower easing pace

The EUR/GBP cross trades in negative territory for the fifth consecutive day around 0.8725 during the early European session on Wednesday. The Pound Sterling (GBP) edges higher against the Euro (EUR) after the Bank of England (BoE) delivered a widely anticipated rate cut while indicating that the bar for further reduction was high due to persistent inflation. The BoE’s […]

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24
Dec

South Korean Won Hits Over 1-Month High

The South Korean won climbed 1.5% to around 1,457 per dollar on Wednesday, recovering from multi-month lows to its strongest level in over a month, amid policy support from the National Pension Service and the Bank of Korea. The NPS, in consultation with foreign-exchange authorities, carried out strategic foreign exchange hedging operations and adjusted overseas […]

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24
Dec

Offshore Yuan Hits Fresh 15-Month Peak

The offshore yuan strengthened to around 7.01 per dollar on Wednesday, hitting a fresh fifteen-month high, driven by the strong official midpoint fixing and seasonal year-end demand. Exporters typically convert more foreign currency into yuan at year-end to meet payments and administrative requirements, a trend that could extend into January ahead of the Lunar New […]

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23
Dec

EUR/GBP declines below 0.8750 as UK GDP matches forecasts

The EUR/GBP cross trades in negative territory for the fourth consecutive day near 0.8730 during the early European session on Tuesday. The Pound Sterling (GBP) weakens against the Euro (EUR) after the Bank of England (BoE) delivered a widely expected rate cut but suggested that the bar for further reduction was high, given persistent inflation. The UK central bank cut […]

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23
Dec

USD/CHF slips below 0.7900 ahead of Swiss ZEW Expectations survey

USD/CHF extends its losses for the second consecutive day, trading around 0.7900 during the Asian hours on Tuesday. Traders are likely awaiting the Swiss ZEW Expectations survey for December due later in the day for fresh signals on business and employment conditions, which could offer fresh cues on the Swiss National Bank’s (SNB) rate outlook. Traders […]

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23
Dec

Japanese Yen rises on Katayama’s strong intervention warning, safe-haven flows

The Japanese Yen (JPY) remains on the front foot against a broadly weaker US Dollar (USD) for the second consecutive day on Tuesday and seems poised to appreciate further. Japan’s Finance Minister Satsuki Katayama’s stronger intervention language turns out to be a key factor that provides a goodish lift to the JPY amid the year-end […]

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23
Dec

Australian Dollar remains stronger as US Dollar weakens on Fed easing hopes

The Australian Dollar (AUD) gains ground against the US Dollar (USD) on Tuesday, following the release of the Reserve Bank of Australia (RBA) Minutes of its December monetary policy meeting. Additionally, the AUD/USD pair appreciated as the US Dollar (USD) faced challenges amid growing expectations that the Federal Reserve will continue easing policy, reinforced by President Donald Trump’s calls […]

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23
Dec

EUR/USD Eyes 1.1800 barrier near two-month highs

EUR/USD extends its gains for the second successive session, trading around 1.1780 during the Asian hours on Tuesday. On the daily chart, technical analysis indicates a persistent bullish bias, as the pair moves upward within the ascending channel pattern. Additionally, the 14-day Relative Strength Index (RSI) at 68.89 sits near overbought, signaling strong demand. RSI […]

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23
Dec

AUD/JPY Softens near 104.00 amid intervention fears, broader uptrend prevails

The AUD/JPY cross attracts some sellers near 104.05 during the early European session on Tuesday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) amid the intervention fears. Japan’s Finance Minister Satsuki Katayama said on Tuesday that the official has a free hand in dealing with excessive moves in the Japanese Yen (JPY).  Earlier […]

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