Bank of Japan Governor Kazuo Ueda said the effects of loose monetary policy and economic stimulus measures are supporting the Japanese economy. Japan’s economy will continue to recover moderately, mainly…
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In the Asian market on Thursday, the yen attracted some safe-haven capital inflows and recovered most of the week’s losses against the US dollar over the past three days. The…
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NZD/USD rose 0.02%; NZD/USD is expected to consolidate within the 0.6130/0.6200 range ahead of Friday’s US non-farm payrolls data. U.S. stocks closed lower, reflecting subdued market sentiment; changes in ADP…
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The US dollar strengthened and the Indian rupee traded lower on Wednesday. The Global Credit Outlook 2024 released by Standard & Poor’s shows that India is expected to become the…
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In early European trading on Wednesday, USD/CAD ended two consecutive gains. USD/CAD still faces resistance near the 100-day moving average of 1.3600. USD/CAD has attracted some sellers despite the U.S.…
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In Asia on Wednesday, the NZD/USD struggled to trade near the 0.6130 level, with the NZD/USD falling for two consecutive days. In early trading on Tuesday, Moody’s downgraded China’s sovereign…
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The Indian rupee (INR) traded firmer on Tuesday amid lower oil prices and lower US Treasury yields. Prime Minister Narendra Modi’s Bharatiya Janata Party won elections in three of the…
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Isabel Schnabel, a member of the European Central Bank’s (ECB) executive board, said on Tuesday that “the likelihood of further interest rate hikes is ‘fairly small’ following the latest inflation…
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USD/CAD gained a second straight day of positive momentum on Tuesday, building on the previous day’s rebound from the $1.3480 area, the lowest level since September 29. Driven by bearish…
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Gold prices took a sharp turn lower during the session on Monday, retreating nearly $125 after initially rallying to record highs near $2,144-$2,145. However, gold prices have retreated sharply to…