EUR/USD maintained bearish consolidation on Wednesday in Asia, trading within a narrow range around 1.0555, its lowest level since March 16. The U.S. dollar (USD) remains firmly supported near a…
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In early trading in Asia on Wednesday, USD/CAD fluctuated slightly above the 1.3500 mark. The US Federal Reserve’s hawkish stance and the market’s continued risk aversion overall boosted the US…
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During Wednesday’s Asian session, the AUD/NZD cross attracted fresh buying around the 1.0745-1.0740 area and maintained a slight gain following the release of the latest Australian consumer inflation data. However,…
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USD/JPY struggled to gain significant momentum on Wednesday, trading within a narrow range throughout the Asian session. USD/JPY is currently hovering around the 149.00 mark, just below the highest level…
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In early trading in Asia on Wednesday, gold prices attracted some short sellers near $1,902. The precious metals are facing some selling pressure as the U.S. dollar (USD) rebounds ahead…
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The world of finance is marked by the constant ebb and flow of currencies, each vying for supremacy in the global economic arena. Among the most prominent contenders in this…
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Further bearish sentiment for EUR/USD intensified, sending EUR/USD back to fresh six-month lows near 1.0570 on Tuesday. On the other hand, the U.S. dollar index rose for the third consecutive…
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Our view yesterday that USD/CNH was headed lower was wrong. Far from moving lower, USD/CNH rose to a high of 7.3175. The rise lacks momentum. While USD/CNH still has room…
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After USD/JPY rebounded to a high of 148.43 last Friday, we noted yesterday that “the rally still has room to extend, but is unlikely to significantly break above 149.00. The…
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The U.S. dollar index continued to move north, breaking through the 106.00 mark. Rising U.S. yields continue to support the dollar’s rebound. U.S. housing data, consumer confidence index and Fed’s…