EUR/USD moves little after registering modest gains in the previous session, trading around 1.1640 during the Asian hours on Tuesday. The 14-day Relative Strength Index (RSI) momentum indicator, at 44 (neutral-to-bearish), confirms fading momentum. The technical analysis of the daily chart shows that the EUR/USD pair remains below the 50-day Exponential Moving Average (EMA) and slips under […]
The USD/CHF pair trades in the negative territory for the third consecutive day around 0.7960 during the early European trading hours on Tuesday. The Swiss Franc (CHF) strengthens against the Greenback as US President Donald Trump’s tariff threats spark safe-haven demand. Trump said on Saturday that he would impose 10% tariffs on February 1 on goods […]
The GBP/JPY pair edges higher to near 212.45 during the Asian trading session on Tuesday. The pair ticks up as the Japanese Yen (JPY) underperforms its peers, following the announcement of a snap election by Japan’s Prime Minister (PM) Sanae Takaichi on Monday. Japanese Yen Price Today The table below shows the percentage change of […]
The offshore yuan steadied to around 6.96 per dollar on Tuesday, trading close to 32-month highs after the central bank left lending rates unchanged, opting for targeted economic support over broad monetary easing. The People’s Bank of China kept the one-year and five-year loan prime rates at 3.0% and 3.5%, respectively, extending an eight-month streak […]
The EUR/USD pair gains ground to around 1.1625, snapping the four-day losing streak during the early European session on Monday. The US Dollar (USD) faces some selling pressure against the Euro (EUR) after U.S President Donald Trump threatened escalating tariffs on eight European nations that have opposed his plan to take Greenland. US markets are closed on Monday […]
The USD/CHF pair is down 0.55% to near 0.7985 during the late Asian trading session on Monday. The Swiss pair faces intense selling pressure as tensions between the Eurozone and the United States (US) over Washington’s desire to purchase Greenland have weighed heavily on the US Dollar. During the press time, the US Dollar Index (DXY), which tracks […]
The EUR/GBP cross gains traction to near 0.8675 during the early European trading hours on Monday. The Euro (EUR) edges higher against the Pound Sterling (GBP) as the European Central Bank (ECB) signaled it is on a steady rate path for now, with no near-term debate on further rate changes if current economic projections hold. The ECB has kept rates on […]
The Japanese yen appreciated past 158 per dollar on Monday, reaching a one-week high as renewed geopolitical and trade concerns boosted demand for safe-haven assets. US President Donald Trump threatened new tariffs on eight European countries in a bid to gain control of Greenland, drawing criticism from European leaders. Domestically, investors focused on the Bank […]
The New Zealand dollar rose to around $0.578, extending gains from the previous session, as a pullback in the US dollar provided support. The greenback weakened after renewed US tariff threats against several European countries, allowing the kiwi to advance despite lingering global trade uncertainty. Meanwhile, investors continued to assess the potential timing of rate […]
The South Korean won weakened to around 1,475 per dollar, resuming losses after a brief recovery despite intensified efforts by authorities and financial institutions to stabilize the currency. Over the weekend, major commercial banks, in coordination with foreign-exchange regulators, implemented measures designed to increase dollar supply in the domestic market and discourage excessive demand for […]