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 […]
The offshore yuan strengthened to around 6.96 per dollar on Monday, hitting a fresh thirty-two-month high, as investors weighed China’s latest key economic figures. Economic growth slowed to its weakest pace in nearly three years in the fourth quarter, expanding 4.5% from 4.8% in Q3, but still came in slightly above market expectations of 4.4%. […]
The USD/JPY pair trades 0.18% lower to near 158.35 during the early European trading session on Friday. The pair has come under pressure as the Japanese Yen (JPY) strengthens on verbal warnings of intervention by Japan to counter one-way excessive moves. Japanese Yen Price Today The table below shows the percentage change of Japanese Yen […]
EUR/USD is trading right above 1.1600 at the time of writing on Friday, practically flat on the daily chart and on track to complete a three-week lowing streak. The pair depreciated 0.34% the previous day, as strong US employment and manufacturing reports cemented the view that the Federal Reserve (Fed) will keep interest rates unchanged in the coming months. Economic […]