GBP/USD rebounded to around 1.2870 in London on Thursday and is close to its year-to-date high. The exchange rate was affected by multiple positive factors, such as speculation that the…
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NZD/USD recovered recent losses and was trading around 0.6090 during the European session on Thursday. Traders are awaiting U.S. consumer price index (CPI) data for June to be released on…
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GBP/USD remained tepid for the second day in Asia on Wednesday, trading around 1.2780. The decline in GBP/USD can be attributed to the strengthening of the US dollar, which gained…
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The Indian rupee (INR) weakened on Wednesday amid a modest rebound in the US dollar. Sustained demand for US dollars from local importers is likely to continue to limit gains…
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The yen fell against the dollar for a third straight day on Wednesday. USD/JPY gained as the dollar gained momentum after Federal Reserve Chairman Jerome Powell testified before the U.S.…
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USD/CHF pared gains around 0.8970 in early European trading on Wednesday. The pair fell as the dollar weakened following the release of the semi-annual monetary policy report by Federal Reserve…
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USD/CAD maintained its gains and traded around 1.3640 in early European trading on Wednesday. Falling oil prices weakened the commodity currency, the Canadian dollar, as Canada is the largest oil…
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AUD/USD recovered its intraday losses in early European trading on Wednesday, returning to a sideways range below 0.6750. However, AUD/USD faces challenges after Federal Reserve (FED) Chairman Jerome Powell testified…
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EUR/USD fell on Monday as the French election results were confusing and the policy direction for the euro was unclear. The victory of the minority coalition government in France excluded…
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GBP/USD briefly tested a four-week high on Monday, breaking above 1.2840, before broad market flows pushed GBP/USD back to the week’s opening level above 1.2800. The week’s light UK data…