The Indonesian rupiah’s downward trajectory against the US dollar persisted throughout the recent week, culminating in a significant drop on the final day of the joint Eid al-Fitr holiday on…
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Last week concluded on a frustrating note for AUD/USD traders, as the pair faced its third consecutive month of robust US Consumer Price Index (CPI) data and a wave of…
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China has opted to withdraw cash from its banking system for the second consecutive month, indicating a cautious approach toward monetary easing amidst growing concerns over currency depreciation. The People’s…
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The Japanese yen (JPY) is under selling pressure again on the first day of the new week, falling to fresh multi-decade lows during the Asian session. The Bank of Japan…
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USD/CAD is facing some selling pressure on the first day of the new week and has eroded some of Friday’s strong gains to the 1.3785 area, its highest level since…
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GBP/USD traded higher on Monday in Asia, trading around 1.2460 as the U.S. dollar (USD) held steady. The US dollar remains below its peak since November 2023, which may limit…
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On Monday, the Australian dollar rebounded from an eight-week low of 0.6456 hit on Friday. However, AUD/USD has hit a roadblock as traders seek the safety of the greenback amid…
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EUR/USD opened sharply lower, falling below the 1.0780 support level. The 4-hour chart shows EUR/USD trading below a key bullish trend line with support at 1.0850. Looking at the 4-hour…
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In Asia on Monday, EUR/USD rebounded to around 1.0650 from the five-month low of 1.0622 hit last Friday. The U.S. dollar moved higher as geopolitical turmoil led to increased dollar…
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The Japanese yen continued to struggle against the US dollar during the Asian session on Monday, failing to stage any significant rebound and falling to fresh multi-decade lows. The Bank…