Currency

USD/JPY hit a new high near 161.75 in early Asian trading on Wednesday and strengthened to around 161.40. Market participants are still watching for possible foreign exchange (FX) intervention measures…

GBP/USD is trading in positive territory for the fifth consecutive day at 1.2688 in early Asian trading on Wednesday. The US dollar index (DXY) fell below the 106.00 mark that…

The Indian rupee gained modestly in Asia on Wednesday. Foreign portfolio inflows and lower crude oil prices provided support to the Indian rupee. Market participants awaited the HSBC India Services…

GBP/USD is struggling to move after a strong rebound from around 1.2615 (multi-day low) overnight, and remains in a narrow range in Asia on Wednesday. GBP/USD remains in the range…

USD/CHF traded mildly bullish for the seventh straight session on Wednesday and is now trading just below its highest level in more than a month hit the previous day. However,…

EUR/JPY rose for the sixth straight day in early European trading on Wednesday, now trading near 173.80. The yen weakened after data showed that business activity in Japan turned to…

EUR/GBP fell to around 0.8470 in early European trading on Wednesday. Softening inflation in the eurozone in June has fueled hopes of another rate cut by the European Central Bank…

USD/CAD extended losses for the second day in a row, trading around 1.3780 in early European trading on Wednesday. Rising oil prices boosted the Canadian dollar, which is bearish for…

USD/JPY continued to strengthen to around 161.45 in early Asian trading on Tuesday. The slight recovery of the US dollar provided some support for USD/JPY. However, the market expects that…

USD/CAD fluctuated higher to around 1.3735 in early Asian trading on Tuesday. The USD/CAD rebounded as the dollar strengthened and U.S. Treasury yields rose. However, the upside of USD/CAD may…