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Forex
Forex

Forex

19
Jan

Offshore Yuan Hits Fresh 32-Month High

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%. […]

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16
Jan

USD/JPY Price Forecast: Testing consolidation breakout near 158.00

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 […]

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16
Jan

EUR/USD languishes near lows with US Dollar buoyed by economic data

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 […]

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16
Jan

USD/CAD Price Forecast: Slips below 1.3900 toward moving averages

USD/CAD inches lower after three days of gains, trading around 1.3890 during the European hours on Friday. The technical analysis of the daily chart shows the pair remains within an ascending channel pattern, suggesting a persistent bullish bias. The 14-day Relative Strength Index (RSI) at 60 is bullish and not overbought. RSI above the 50 midline […]

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16
Jan

Offshore Yuan Trades Near 32-Month High

The offshore yuan traded around 6.96 per dollar on Friday, hovering near its strongest level since May 2023, fueled by renewed corporate demand for the currency. Chinese banks facilitated record foreign currency sales into yuan in December, driven by expectations of further gains and seasonal demand. Additional support came from the PBoC, whose daily reference […]

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15
Jan

USD/INR expects cautious start on Friday as Oil price cools down

The USD/INR pair ended Wednesday’s session with modest gains around 90.55. On Thursday, Indian stocks, commodity, and currency markets are closed due to the Mumbai Municipal elections. The pair is expected to start Friday’s session on a cautious note as the Indian Rupee (INR) is expected to attract slight bids due to a sharp correction in the […]

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15
Jan

South Korean Won Retreats as BOK Holds Rates

The South Korean won weakened to around 1,471 per dollar, reversing gains from the previous session, as the Bank of Korea held its benchmark interest rate unchanged. The decision underscored that concerns over a weak won and exchange-rate volatility are limiting room for further policy easing, even as growth remains uneven. The stance helped curb […]

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12
Jan

USD/CHF holds losses below 0.8000 as Swiss Franc rises on safe-haven flows

USD/CHF breaks its four-day winning streak, trading around 0.7990 during the Asian hours on Monday. The pair loses as the Swiss Franc (CHF) receives support from safe-haven demand amid increased geopolitical tensions. US President Donald Trump warned Tehran against using force on demonstrators and signaled possible action if the crackdown intensifies, while Iranian officials cautioned […]

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12
Jan

USD/CAD Price Forecast: Aims to hold 50% Fibonacci retracement at 1.3890

The USD/CAD pair falls after failing to extend the nine-day winning streak on Monday. The Loonie pair corrects to near 1.3890 during the day as the US Dollar (USD) retraces, following criminal charges against Federal Reserve (Fed) Chair Jerome Powell. During the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades […]

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12
Jan

Australian Dollar rises as US Dollar dips on Fed investigation

The Australian Dollar (AUD) rises against the US Dollar (USD) on Monday, following three days of losses. The AUD/USD pair advances as the Greenback weakens, potentially amid concerns surrounding the Federal Reserve. Federal prosecutors have opened a criminal investigation into Fed Chair Jerome Powell regarding the central bank’s renovation of its Washington headquarters and whether Powell lied to […]

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