The Euro (EUR) ticks higher against the US Dollar (USD) on Friday and is on track to its first weekly gain in more than one month, as the recent pullback in US Treasury yields and dovish comments by Federal Reserve officials have undermined speculative demand for the Greenback. The pair, however, has been capped at […]
USD/CHF inches higher after registering nearly 1% losses in the previous day, trading around 0.8270 during Asian hours on Friday. The upside of the pair could be restrained as the US Dollar (USD) declines following recent comments from key financial leaders. Speaking at a fireside chat with International Monetary Fund (IMF) Managing Director Kristalina Georgieva […]
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – edges lower during the Asian session on Friday, trading as it holds above mid-$95.00s and remains close to a nearly four-week high, touched the previous day. US President Donald Trump stated that he would not use nuclear weapons in Iran and does not […]
The Indian Rupee (INR) continues to outperform the US Dollar (USD) on the back of weakness in the Greenback and forceful Reserve Bank of India’s (RBI) measures to curb the US Dollar’s demand by Oil Marketing Companies (OMCs). In the opening trade on Friday, the USD/INR pair posts a fresh over five-week low at 94.69. […]
The GBP/USD pair gains traction to around 1.3300 during the early European trading hours on Friday. The British Pound (GBP) edges higher against the US Dollar (USD) amid hawkish remarks from Bank of England (BoE) Governor Andrew Bailey and stronger UK Gross Domestic Product (GDP) data. Bailey said on Friday that soaring energy prices so […]
The USD/CAD pair remains under some selling pressure for the second straight day on Friday, trading around the 1.4175-1.4170 region during the Asian session and close to an over two-week low set the previous day. Spot prices seem poised to register weekly losses, and a combination of negative factors backs the case for further depreciation. […]
The EUR/JPY cross trades on a flat note around 177.30 during the early European trading hours on Friday. Traders remain on high alert for currency intervention from Japanese authorities to prop up the Japanese Yen (JPY). Furthermore, hawkish comments from a Bank of Japan (BoJ) policymaker could provide some support to the JPY and act […]
The USD/JPY pair fades an Asian session uptick to the 158.15-158.20 region, sliding back below the 158.00 mark following Federal Reserve (Fed) Chair Kevin Warsh’s opening remarks at the Annual Meetings of the International Monetary Fund and World Bank Group, in Bangkok. In a conversation with the International Monetary Fund (IMF) Managing Director Kristalina Georgieva, […]
The New Zealand dollar is leading major currency gainers, appreciating 0.52%, while the Australian dollar advances 0.34% and the British pound rises 0.17%. The Japanese yen also edges higher, while the Indian rupee comes under pressure and the US dollar index declines. The euro remains broadly unchanged. The latest moves point to a mixed currency […]
The South Korean won is trading around 1,343 per US dollar, with persistent foreign capital outflows, technology-sector uncertainty and concerns over Federal Reserve policy keeping pressure on the currency. Although a softer US dollar and retreating Treasury yields offer some relief, sustained selling of Korean equities remains a key downside risk. Market Snapshot Indicator Latest […]