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 […]
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 […]
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 […]
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 […]
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 […]