USD/CAD remained well supported above the 1.3700 round number mark during the European session on Tuesday. The dollar rebounded after a small correction, allowing the currency pair to hold gains.…
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The Bank of Japan (BoJ) made no meaningful policy changes at its June 13-14 meeting, reiterating that it will encourage the unsecured overnight lending rate to remain around 0.0%-0.1% and…
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The euro currently holds the level of $1.07, while the dollar is looking for new catalysts that would allow it to move higher. As expected, yesterday did not give any…
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The Mexican peso (MXN) was range-bound on Tuesday as the post-election sell-off, which saw the currency lose an average of 10% against its major peers, has run out of steam.…
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GBP/USD rebounded slightly from a near one-month low near 1.2600 on Friday, but it was difficult for GBP/USD to continue the rebound and remained in a narrow range on Monday.…
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USD/JPY extended gains to around 157.50 in early Asian trading on Monday. The Fed’s hawkish stance provided some support for USD/JPY. Meanwhile, the yen (JPY) was frustrated by the Bank…
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The Australian dollar (AUD) fell for the third consecutive day on Monday against the backdrop of a stronger U.S. dollar (USD). The AUD was well supported by expectations that U.S.…
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The USD/CAD pair attracted some dip buying on the first day of the new week, but the follow-through was lacking and remained confined to the familiar range of the past…
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USD/CHF ended a three-day losing streak around 0.8910 in early European trading on Monday. The hawkish stance of the Federal Reserve (FED), which expects only one rate cut in 2024,…
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EUR/USD is trading in a narrow range around the key support level of 1.0700 in early European trading on Monday. The pair has been under pressure as the potential risk…