The EUR/USD pair trades calmly near 1.1600 during the late Asian trading session on Tuesday, following the corrective move from an over two-week high of 1.1656. The major currency pair strives to regain strength as the US Dollar (USD) struggles to extend two-day recovery move, with investors turning cautious ahead of the United States (US) Nonfarm […]
USD/CHF retraces its recent gains registered in the previous session, trading around 0.7950 during the Asian hours on Tuesday. The Swiss Franc (CHF) gains against the US Dollar (USD) after Switzerland secured a deal to lower US tariffs to 15%, a significant drop from the 39% rate applied during the Trump administration. The development offers […]
The Australian Dollar (AUD) recovers its intraday losses but remains in the negative territory against the US Dollar (USD) on Tuesday after registering losses in the previous session. The AUD/USD pair remained subdued after the Reserve Bank of Australia (RBA) published the Minutes of its November monetary policy meeting. The RBA Meeting Minutes showed that board members […]
Japan’s economy contracted in Q3 for the first time in six quarters, falling 0.4% q/q (−1.8% annualized). The decline is a result of U.S. tariffs, which hit exports, while new housing regulations weakened demand for homes. Although the slowdown was milder than expected, it increased pressure on policymakers to implement a new fiscal package — […]
The USD/INR pair extends its sideways consolidative price move through the Asian session on Monday and remains confined in a familiar range held over the past two weeks or so. Spot prices currently trade around the 88.75 region, down less than 0.10% for the day and well within striking distance of the all-time high, touched […]
USD/CHF continues to gain ground for the second successive session, trading around 0.7950 during the Asian hours on Monday. The pair appreciates as the US Dollar (USD) gains amid diminishing likelihood of a Federal Reserve (Fed) interest rate cut in December. Traders are preparing for a wave of delayed United States (US) economic data after the government’s […]
EUR/USD extends its losses for the second successive session, trading around 1.1610 during the Asian hours on Monday. The pair appreciates as the US Dollar (USD) receives support from cautious remarks given by US Federal Reserve (Fed) officials, diminishing the likelihood of an interest rate cut in December. Kansas City Fed President Jeffery Schmid said on Friday that […]
The GBP/USD pair declines to near 1.3155 during the early Asian session on Monday. The Pound Sterling (GBP) softens against the US Dollar (USD) amid concerns about the UK’s fiscal debt and weak economic data from the UK. Bank of England (BoE) External Member Catherine Mann is set to speak later on Monday. The pound loses […]
USD/CAD edges higher after registering modest losses in the previous session, trading around 1.4030 during the Asian hours on Monday. The pair advances as the commodity-linked Canadian Dollar (CAD) struggles amid lower crude Oil prices. West Texas Intermediate (WTI) Oil price retreats after posting more than 2% gains in the previous session, trading around $59.30 […]
The Australian dollar weakened to around $0.652 on Monday, reversing gains from the previous week as a stronger greenback weighed on the currency. The US dollar appreciated after Fed officials expressed doubts about the need for a December rate cut, with some dismissing the possibility outright. Markets now assign roughly a 46% chance of a […]