Currency

USD/CAD is facing some selling pressure on the first day of the new week and has eroded some of Friday’s strong gains to the 1.3785 area, its highest level since…

GBP/USD traded higher on Monday in Asia, trading around 1.2460 as the U.S. dollar (USD) held steady. The US dollar remains below its peak since November 2023, which may limit…

EUR/USD opened sharply lower, falling below the 1.0780 support level. The 4-hour chart shows EUR/USD trading below a key bullish trend line with support at 1.0850. Looking at the 4-hour…

In Asia on Monday, EUR/USD rebounded to around 1.0650 from the five-month low of 1.0622 hit last Friday. The U.S. dollar moved higher as geopolitical turmoil led to increased dollar…

During Friday’s European session, the EUR/USD pair extended its decline to near a five-month low around 1.0660. The major currency pair faced significant downward pressure on strong speculation that the…

During the early European trading hours on Friday, the GBP/USD pair continued to hover near 1.2530, maintaining a defensive stance. Despite stronger-than-expected UK monthly GDP figures and improved Industrial Production…

In the European session on Friday, the US Dollar (USD) strengthened against its major counterparts, propelling the US Dollar Index to a new high for 2024, surpassing the 105.50 mark.…

On Thursday, the dollar saw moderate gains in volatile trading, with concerns over persistent inflation reinforcing expectations that the Federal Reserve will postpone interest rate cuts this year, despite weaker-than-expected…

In recent discussions surrounding the stability of global currencies, particularly the US dollar, analysts have examined various factors contributing to its resilience or susceptibility to potential crises. Amidst ongoing economic…

The euro (EUR) is poised for its most substantial weekly decline in nearly four months, driven by a combination of factors including a resurgent US dollar and dovish signals from…