USD/CAD depreciates for the second successive session, trading around 1.3660 during the Asian hours on Monday. The pair remains subdued near the five-month low of 1.3642, reached on December 26, as the commodity-linked Canadian Dollar (CAD) receives support from stronger Oil prices, given Canada’s status as the largest crude exporter to the United States (US). West […]
EUR/USD loses ground for the fourth consecutive session, trading around 1.1760 during the Asian hours on Monday. On the daily chart, technical analysis indicates a weakening bullish bias, as the pair tests to break below the lower boundary of the ascending channel pattern. Additionally, the 14-day Relative Strength Index (RSI) at 63.92 remains constructive above […]
The offshore yuan steadied around the 7 per dollar mark on Monday, after reaching a fifteen-month high in the previous session, as investors weighed the central bank’s efforts to temper rapid one-way moves. The People’s Bank of China set a slightly softer-than-expected midpoint, signaling its intent to rein in excess yuan strength, while state-run media […]
The Japanese yen strengthened past 155 per dollar on Friday, positioning itself for solid weekly gains as investors expect the Bank of Japan to continue raising interest rates despite Tokyo’s cooler-than-expected inflation data. The capital’s annual inflation rate eased to a more than one-year low of 2% in December, reflecting softer food and energy price […]
The South Korean won climbed to around 1,433 per dollar on Friday, extending gains for another session as optimism grew over policy measures aimed at supporting the currency. Authorities, including the Bank of Korea and the Ministry of Economy and Finance, have engaged in verbal interventions to ease market stress, while the ministry unveiled measures […]
The offshore yuan appreciated to around 7 per dollar on Friday, extending gains for the third consecutive session and marking its strongest level in over fifteen months, as investors responded to signs of measured policy guidance from authorities. In its latest action, China established the yuan’s daily reference rate below market expectations by a record […]
The GBP/JPY cross attracts some sellers for the second straight day on Wednesday and trades around mid-210.00s, closer to the weekly trough during the Asian session. Spot prices, however, remain within striking distance of the highest level since August 2008, touched on Monday. Moreover, the fundamental backdrop warrants some caution before positioning for any meaningful […]
USD/CHF loses ground for the third consecutive session, trading around 0.7880 during the Asian hours on Wednesday. The pair hit a three-month low of 0.7861 during early trading as the US Dollar (USD) faces challenges, which could be attributed to the growing expectations of two rate cuts by the Federal Reserve (Fed) in 2026. Volumes are expected […]
The GBP/USD pair trades in positive territory near 1.3510 during the early European session on Wednesday. The Pound Sterling (GBP) strengthens against the Greenback on expectations that the Bank of England (BoE) will follow a gradual monetary easing path in 2026. The UK central bank delivered a widely expected rate cut to 3.75% last week, but […]
The Japanese Yen (JPY) prolongs its uptrend against a broadly weaker US Dollar (USD) for the third straight day and climbs to a fresh weekly top during the Asian session on Wednesday. Minutes of the Bank of Japan’s (BoJ) October meeting showed that board members debated the need to continue raising interest rates. Apart from this, […]