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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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22
Dec

Japanese Yen stays firm amid safe-haven flows, intervention fears; lacks follow-through

The Japanese Yen (JPY) retains its bullish bias through the early European session on Monday, though it lacks bullish conviction amid a combination of diverging forces. Rising tensions between the US and Venezuela, along with concerns about renewed Israel-Iran conflict and persistent uncertainties stemming from the protracted Russia-Ukraine war, underpin the JPY’s safe-haven status. Furthermore, […]

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22
Dec

Offshore Yuan Steady After PBoC Decision

The offshore yuan held steady to around 7.04 per dollar, hovering near a three-month high, as investors assessed the People’s Bank of China’s decision to keep loan prime rates unchanged. The central bank kept its one-year LPR at 3.0% and the five-year LPR at 3.5%, holding both at record lows for the seventh consecutive month […]

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22
Dec

USD/CAD steadies near 1.3800 as Oil prices climb on supply fears

USD/CAD moves little after registering little gains in the previous session, trading around 1.3800 during the Asian hours on Monday. The pair may come under pressure as the commodity-linked Canadian Dollar (CAD) draws support from rising Oil prices, given Canada’s status as the largest Oil exporter to the United States (US). West Texas Intermediate (WTI) Oil […]

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22
Dec

GBP/USD gains ground near 1.3400 ahead of UK Q3 GDP data

GBP/USD gains ground after three days of losses, trading around 1.3390 during the Asian hours on Monday. The pair depreciates as the Pound Sterling (GBP) holds ground ahead of the release of the United Kingdom (UK) Gross Domestic Product (GDP) for the third quarter. The British Pound may face headwinds as markets have fully priced in a […]

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22
Dec

Australian Dollar holds gains following PBOC decision

The Australian Dollar (AUD) holds gains against the US Dollar (USD) on Monday after the People’s Bank of China (PBOC), China’s central bank, announced to leave its Loan Prime Rates (LPRs) unchanged. The one- and five-year LPRs were at 3.00% and 3.50%, respectively. Traders will likely focus on the Reserve Bank of Australia’s (RBA) Meeting Minutes due […]

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22
Dec

Yen Rebounds on Intervention Signals

The Japanese yen rose to around 157 per dollar on Monday, rebounding from a four-week low hit in the previous session, as authorities signaled the possibility of intervention. Top currency diplomat Atsushi Mimura emphasized that officials would take “appropriate” action against excessive exchange-rate movements, reflecting concern over sharp, one-way trends. His comments followed remarks by […]

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19
Dec

USD/INR remains on backfoot on RBI’s tentative boost to Indian Rupee

The Indian Rupee (INR) opens on a bullish note against the US Dollar (USD) on Friday. The USD/INR pair declines to near 90.30 as weakness in the US Dollar due to an unexpected slowdown in the United States (US) inflation has supported the Reserve Bank of India’s (RBI) tentative boost to the Indian Rupee. On Thursday, the […]

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