Currency

The peg between the Hong Kong dollar (HKD) and the US dollar (USD) represents one of the most notable examples of currency pegging in modern finance. Established in 1983, this…

USD/JPY strengthened to around 145.35 in early Asian trading on Thursday. Data on Japan’s record trade deficit dragged down the yen (JPY), supporting USD/JPY. On Friday, traders will pay close…

GBP/USD briefly tested above 1.3100 on Wednesday as the pair continued to move deeper into bullish territory. GBP/USD is heading for a 13-month high, hitting an intraday high of 1.3112,…

The AUD/JPY cross fell for three consecutive days in the Asian session on Thursday, trading around 97.90. The recent encouraging Australian purchasing managers’ index (PMI) failed to boost the Australian…

In the Asian session on Thursday, the EUR/USD broke its four-day winning streak and fell slightly to around 1.1145. The market is more confident that the Federal Reserve will start…

AUD/USD retreated after hitting a more than one-month high around 0.6750-0.6755 earlier this Wednesday and remained subdued in the first half of the European session. Currently trading around 0.6730-0.6735, the…

EUR/CAD stopped rising and traded around 1.5130 in European Wednesday session. The CAD strengthened against its peers despite weak inflation data supporting the dovish stance of the Bank of Canada…

EUR/USD hovered around 1.1130 in European time on Wednesday, its highest level so far this year. EUR/USD is expected to retake the 2024 high of 1.1140 as the U.S. dollar…

The Indian rupee (INR) had a lackluster performance on Tuesday. Further losses in the dollar boosted Asian currencies and lifted the Indian rupee to a two-week high. Additionally, lower oil…

In early European trading on Tuesday, the pound fell back to around 1.2980 against the U.S. dollar due to a slight rebound in the U.S. dollar, ending three consecutive gains.…