Currency markets are volatile and unpredictable. We help businesses mitigate risks to their cashflow by providing strategic support and analysis of all the latest trends from around the world.
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Currency List
Non EU
USD
USD
USD
02
Dec
Dec
Japanese Yen moves further away from two-week high vs USD amid positive risk tone
The Japanese Yen (JPY) edges lower during the Asian session on Tuesday and retreats further from a two-week high, touched against its American counterpart the previous day. A generally positive tone around the Asian equity markets is seen as a key factor undermining the JPY’s safe-haven status. Apart from this, the JPY downtick lacks any […]
01
Dec
Dec
South Korean Won Extends Losses on Heavy Outflows
The South Korean won weakened to around 1,470 per dollar on Monday, extending losses from the previous session and hovering close to its lowest level in over seven months, pressured by persistent foreign equity outflows and firm corporate demand for US dollars. Offshore investors recorded their largest monthly net selling on Korean shares in November, […]
01
Dec
Dec
Offshore Yuan Hovers Over One-Year Peak
The offshore yuan traded around 7.07 per USD, near its highest level since early October last year, as a broadly softer US dollar offset weak factory activity data in China. The softer greenback continued to support the currency, with investors looking ahead to a crucial month that could bring the Fed’s final rate cut of […]
01
Dec
Dec
EUR/USD flirts with 200-day SMA hurdle, above 1.1600 amid a broadly weaker USD
The EUR/USD pair regains positive traction at the start of a new week and climbs back above the 1.1600 round figure during the Asian session. Bulls now await a move beyond a technically significant 200-day Simple Moving Average (SMA) before placing fresh bets and positioning for an extension of a one-week-old uptrend amid the prevalent […]
01
Dec
Dec
GBP/USD flat lines near 1.3250 amid UK budget relief
The GBP/USD pair holds steady near 1.3245 during the Asian session on Monday as traders continue to digest the UK’s Autumn Budget. The potential downside for the major pair might be limited due to the rising expectations of a Federal Reserve (Fed) interest rate cut in the December meeting. The US November ISM Manufacturing Purchasing Managers Index (PMI) […]
01
Dec
Dec
Japanese Yen climbs to over one-week top vs USD amid divergent BoJ-Fed expectations
The Japanese Yen (JPY) jumps to a one-and-a-half-week top against a broadly weaker US Dollar (USD) during the Asian session on Monday. The latest comments from Bank of Japan (BoJ) Governor Kazuo Ueda reaffirmed bets for an imminent interest rate hike, pushing Japanese government bond (JGB) yields to their highest levels in years. The resultant narrowing of […]
01
Dec
Dec
USD/CAD rebounds above 1.3950 despite upbeat Canadian GDP data
The USD/CAD pair recovers some lost ground to around 1.3980 during the Asian trading hours on Monday. The potential upside might be limited amid rising bets of a US Federal Reserve (Fed) rate cut this month. Traders brace for the US November ISM Manufacturing Purchasing Managers Index (PMI) report later on Monday for fresh impetus. Investors ramp up expectations […]
28
Nov
Nov
Offshore Yuan Set for Monthly Gains
The offshore yuan steadied around 7.07 per dollar on Friday, remaining on track for monthly gains as a weakening US dollar supported the currency. The greenback declined as markets increased expectations for a further Federal Reserve rate cut in December, with futures now pricing in an 87% probability of a 25-basis-point reduction. Meanwhile, the People’s […]
28
Nov
Nov
US Dollar Index hovers around 99.50, downside appear amid dovish Fed stance
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding ground after three days of losses and trading around 99.60 during the Asian hours on Friday. However, the US Dollar (USD) could further lose amid rising odds of Federal Reserve (Fed) rate cut bets in December. Traders […]
28
Nov
Nov
When are the German Retail Sales and how could they affect EUR/USD?
The German Retail Sales Overview The Federal Statistics Office of Germany, Destatis, will publish the Retail Sales report on Friday at 07:00 GMT. Germany’s Retail Sales are expected to remain consistent at a 0.2% increase month-over-month (MoM) in October. The annual Retail Sales are also anticipated to remain consistent at 0.2%. How could the German […]
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