The offshore yuan weakened to around 6.98 per dollar on Wednesday, pressured by a dovish tone from the People’s Bank of China and weaker-than-expected official guidance. The central bank reiterated plans to cut the reserve requirement ratio and interest rates in 2026 to ensure ample liquidity, while maintaining an “appropriately accommodative” monetary policy stance. Meanwhile, […]
The USD/CHF pair trades in negative territory near 0.7950 during the early European session on Wednesday. The US Dollar (USD) weakens against the Swiss Franc (CHF) amid persistent geopolitical tensions and dovish comments from the US Federal Reserve (Fed) officials. Traders will keep an eye on the US ISM Services Purchasing Managers Index (PMI) report later on Wednesday. The […]
The USD/CAD pair edges lower on Tuesday and looks to extend the previous day’s late retracement slide from the 1.3815 area, or its highest level since December 11. Spot prices, however, manage to hold above mid-1.3700s through the first half of the European session and currently trade nearly unchanged for the day amid mixed cues. The US […]
The Japanese Yen (JPY) seesaws between tepid gains/minor losses against a softer US Dollar (USD) and, for now, seems to have stalled its recovery move from a nearly two-week low, touched the previous day. Despite the Bank of Japan’s (BoJ) hawkish outlook, investors remain uncertain about the likely timing of the next interest rate hike. This, […]
GBP/USD extends its gains for the second successive session, trading around 1.3560 during the Asian hours on Tuesday. The technical analysis of the daily chart indicates a persistent bullish bias. The 14-day Relative Strength Index (RSI) reached 69.29, near overbought. If the RSI extends into overbought territory, the pair could consolidate before resuming the trend. […]
The Indian Rupee (INR) trades positively against the US Dollar (USD) on Tuesday after a three-day losing streak. The USD/INR pair corrects to near 90.35 as the US Dollar Index (DXY) falls back sharply after posting a fresh over-a-three-week low at 98.86 on Monday. The Greenback has come under pressure as the risk-off sentiment has subsided, leading […]
The offshore yuan hovered around 6.98 per dollar, trading near a thirty-two-month high, as seasonal demand persisted while the central bank maintained a measured guidance. Year-end foreign exchange settlements remained robust, as exporters continued to convert overseas receipts to meet domestic payment needs, including bonuses ahead of the Lunar New Year in mid-February, China’s biggest […]
The EUR/USD pair attracts heavy selling for the second straight day and dives to a nearly four-week trough, around the 1.1670 region, during the Asian session on Monday. Bearish traders now await a sustained break below the 100-day Simple Moving Average (SMA) before positioning for an extension of the recent pullback from a three-month top, or […]
USD/CAD extends its gains for the second successive session, trading around 1.3750 during the Asian hours on Monday. The pair appreciates as the US Dollar (USD) strengthens on safe-haven demand, driven by a renewed rise in geopolitical risks following the United States’ (US) capture of Venezuelan President Nicolas Maduro. US President Donald Trump said that the […]
The USD/CHF pair trades 0.15% higher to near 0.7930 during the Asian trading session on Monday. The Swiss Franc pair gains as the US Dollar (USD) trades higher amid risk-off market sentiment, following the United States’ (US) strike on Venezuela and the capture of President Nicolas Maduro to face drug-trafficking charges in New York. At the […]