In the Asian market on Wednesday, the yen continued its consolidation trend, with the yen still limited to a one-week range against the US dollar. The recent break below the…
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AUD/USD and NZD/USD led the gains, helped by a weaker US dollar and lower Treasury yields. The Australian dollar climbed to 0.6553 (0.6530) and the New Zealand dollar climbed from…
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USD/CAD rose above the 1.3500 mark in early Asian trade on Wednesday. Canadian inflation data was weaker than expected, weighing on the Canadian dollar (CAD) and becoming a “tailwind” for…
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The dollar fell on Tuesday, extending losses after the long holiday weekend on speculation that the Federal Reserve will further delay the timing of cutting interest rates. The CME FedWatch…
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In early Asian trading on Wednesday, GBP/USD rose above the 1.2600 mark. Upbeat comments from Bank of England Governor Andrew Bailey boosted the pound. GBP/USD is trading around 1.2625, unchanged…
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In early Asian trading on Wednesday, NZD/USD broke five consecutive gains and was above mid-0.6100. The market is waiting to watch the minutes of Wednesday’s Federal Reserve meeting, which will…
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GBP/JPY was marginally higher in intraday trading on Tuesday, recording 189.24. Factors affecting the GBP/JPY trend include continued changes in financial and economic conditions in the UK and Japan, which…
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In intraday trading on Tuesday, the New Zealand dollar/US dollar was at 0.6168, a slight increase of 0.28%, mainly driven by the weakness of the US dollar. Correspondingly, the U.S.…
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The Indian rupee weakened on Tuesday on a stronger dollar. The Indian rupee is expected to trade slightly firmer, supported by carry trades and expectations that the Reserve Bank of…
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In early Asian trading on Tuesday, the USD/JPY exchange rate remained above the psychological mark of 150.00. USD/JPY is higher on the day as demand for the U.S. dollar revives.…