It’s the end of an uneventful week, but trading had been uneventful leading up to Thursday. After spending most of the week EUR/USD hovering in a tight range above the…
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NZD/USD snapped a two-day winning streak, trading around 0.6020 during Friday’s Asian session. The New Zealand dollar came under pressure following the release of the New Zealand Business Manufacturing Performance…
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USD/CAD traded higher during Friday’s Asian trading session, trading higher near 1.3690. The pair was supported by an upward correction in the US Dollar (USD), which could be attributed to…
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The Australian dollar (AUD) gave up recent gains on Friday after rebounding on Thursday. A fall in the U.S. dollar (USD) fueled a rebound in the Australian dollar (AUD) as…
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GBP/JPY is steady, hovering above 194.50, as broad-based weakness in the yen continues following the Bank of Japan’s (BoJ) “intervention rhetoric”. The Bank of England kept interest rates unchanged as…
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San Francisco Fed President Mary C. Daly highlighted the uncertainties facing the Fed during a fireside chat at George Mason University in Virginia. Main summary The past three months have…
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In early Asian trading on Friday, USD/JPY strengthened to around 155.50. USD/JPY is boosted by renewed demand for the U.S. dollar. However, verbal intervention and hawkish comments from Bank of…
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The U.S. dollar fell across the board and the euro/dollar rose on Thursday, finding room for upside this week, after a rise in U.S. jobless claims sparked renewed expectations of…
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In early Asian trading on Friday, GBP/USD rose slightly to around 1.2525. GBP/USD rebounded from lows of 1.2445 following a dovish stance from the Bank of England (BOE). The focus…
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EUR/GBP remained volatile on Thursday as the two currencies’ central banks raced to reiterate to markets that progress is being made in the fight against inflation and that a rate…