News

USD/CAD gained a second straight day of positive momentum on Tuesday, building on the previous day’s rebound from the $1.3480 area, the lowest level since September 29. Driven by bearish…

Gold prices took a sharp turn lower during the session on Monday, retreating nearly $125 after initially rallying to record highs near $2,144-$2,145. However, gold prices have retreated sharply to…

On Tuesday, following the December monetary policy meeting, Reserve Bank of Australia (RBA) board members decided to keep the official cash rate (OCR) unchanged at 4.35%. This decision is in…

Bank of Japan policy committee member Asahi Noguchi stressed on Saturday that wages need to continue to rise in order to achieve the inflation target. Key Quotes Consumer inflation levels…

In recent years, foreign exchange market investors have been frustrated by a lack of divergence in central bank policies. Although there are obvious cyclical differences in the policies of central…

The dollar opened lower on Monday, while the Indian rupee strengthened. Investor inflows into Indian markets and stronger growth data have prompted economists to raise their growth forecasts for Asia’s…

The yen opened firmer against the dollar on Monday, extending Friday’s strong gains and extending its slide to near three-week lows around the 146.25-146.20 area. Escalating conflicts in the Middle…

In early Asian trading on Monday, the New Zealand dollar/US dollar rose close to the 0.6200 integer mark. Speculation that the Federal Reserve may be done raising interest rates dragged…

USD/MXN ended its two-day winning streak on a weaker U.S. dollar, trading around 17.30 during the European session on Friday, amid falling U.S. Treasury yields. The possibility of the Federal…

The Indian rupee strengthened on Friday on stronger-than-expected economic growth data. Data released by the Indian Department of Statistics on Thursday showed that India’s gross domestic product (GDP) increased by…