Currency

AUD/USD remained stable on Monday despite heightened risk aversion. AUD losses may be limited due to persistently high inflation rates, stronger retail sales and services PMIs. Minutes from the Reserve…

The yen extended gains for the third straight session on Monday. The U.S. dollar (USD) struggled after weaker-than-expected U.S. job growth data released last Friday, with USD/JPY losing support. Japan’s…

USD/CAD gave up recent gains and traded around 1.3630 during Asian trading on Monday. The decline in USD/CAD was due to the weaker-than-expected US non-farm payrolls data released last Friday,…

The Indian rupee gained in early European trading on Monday. Federal Reserve rate cut hopes and lower crude oil prices supported the Indian rupee. Renewed dollar demand may limit gains…

USD/CHF fell for the fourth consecutive session on Monday. The outlook for the US dollar (USD) appears to be fragile as more investors speculate that the Federal Reserve (Fed) will…

EUR/GBP traded higher in early European trading on Monday, trading around 0.8460. The move higher in EUR/GBP could be due to a higher-than-expected German trade surplus. The trade surplus rose…

GBP/JPY fell for the second day on Friday and moved away from its highest level since August 2008, around 206.15 hit earlier this week. Spot prices are now trading just…

USD/JPY attracted some shorts around 160.65 during Asian session on Friday. Verbal intervention by Japanese authorities and a weaker dollar triggered the selling of the pair. Focus on the US…

USD/CHF faced selling pressure for the third consecutive day and hit a new multi-day low by breaking below the psychological level of 0.9000 during the Asian session on Friday. As…

EUR/GBP fell modestly to around 0.8475 in early European trading on Friday. The British pound (GBP) rose as Keir Starmer’s Labour Party appeared set to win a large majority in…