News

Investors returned from the Christmas holidays and favored defensive assets, causing the dollar to reverse sharply higher. European currencies have been adversely affected by this shift. December dollar selling and…

USD/JPY was higher on Wednesday as the greenback, the day’s top performer, overshadowed the day’s biggest loser, the Japanese yen (JPY). USD/JPY climbed 1.3% from bottom to top on Wednesday,…

In early Asian trading on Thursday, GBP/USD fell slightly. A recovery in the US dollar and US Treasury yields has put some selling pressure on GBP/USD. As of press time,…

AUD/NZD saw mixed action on Wednesday, falling from recent highs just below 1.0830 to recent lows around 1.0770, before briefly testing 1.0760 early Thursday morning. AUD/NZD pulled back sharply from…

AUD/JPY’s gains slowed on Wednesday, rising 0.46%, but fell back at the open on Thursday, below yesterday’s closing price of 96.42. However, buyers broke above the baseline and stepped in…

EUR/USD attracted some buying in Asia on Wednesday and now appears to have ended a three-day losing streak, falling to a more than one-week low hit in the previous session.…

The Indian rupee (INR) traded lower on Wednesday amid renewed demand for the US dollar (USD). Domestic and foreign investors’ optimistic outlook for the Indian economy has pushed India’s stock…

The U.S. Dollar Index (DXY), which measures the dollar’s value against a basket of six major currencies, has started 2024 on a high, rebounding 0.81% from its 2023 close. Bets…

The Japanese yen (JPY) attracted some buyers during the Asian session on Wednesday and reversed some of the previous day’s sharp losses against the US dollar (USD). As investors assess…

GBP/USD rebounded after falling for three consecutive trading days, while the US dollar trend remained stable. In Asia on Wednesday, GBP/USD rose to around 1.2630. International Monetary Fund (IMF) President…