News

In early trading in Asia on Wednesday, gold prices attracted some short sellers near $1,902. The precious metals are facing some selling pressure as the U.S. dollar (USD) rebounds ahead…

Further bearish sentiment for EUR/USD intensified, sending EUR/USD back to fresh six-month lows near 1.0570 on Tuesday. On the other hand, the U.S. dollar index rose for the third consecutive…

Our view yesterday that USD/CNH was headed lower was wrong. Far from moving lower, USD/CNH rose to a high of 7.3175. The rise lacks momentum. While USD/CNH still has room…

After USD/JPY rebounded to a high of 148.43 last Friday, we noted yesterday that “the rally still has room to extend, but is unlikely to significantly break above 149.00. The…

The U.S. dollar index continued to move north, breaking through the 106.00 mark. Rising U.S. yields continue to support the dollar’s rebound. U.S. housing data, consumer confidence index and Fed’s…

The USD/CAD pair pared recent losses during early European trading on Tuesday. The pair is currently trading around 1.3487, up 0.25% on the day. The hawkish stance of Federal Reserve…

In the Asian market on Tuesday, the EUR/USD recovered its intraday losses and was trading around 1.0590. EUR/USD continues to face challenges despite ECB President Christine Lagarde saying interest rates…

GBP/USD remains under selling pressure and traded in negative territory for the fourth consecutive week during the European session on Tuesday. The pair is currently trading around 1.2203, down 0.07%…

USD/INR rose for a second straight day on Tuesday and climbed to multi-day highs during the Asian session. Spot prices are currently trading around 83.20, up 0.15% on the day…

USD/JPY was trading close to 11-month highs around 148.90 during the Asian session on Tuesday. The U.S. dollar (USD) continues to strengthen, in part due to cautious market sentiment and…