News

EUR/USD fell below the 1.0700 round-figure support during the European session on Wednesday. EUR/USD remains weak as the euro’s near-term outlook weakens amid uncertainty over the European Union (EU) legislative…

Instead of further gains, GBP is more likely to trade between 1.2650-1.2705. Strategists at UOB Group note that the slowdown in GBP’s upward momentum suggests that the possibility of GBP…

GBP/USD opened weak on Monday and remains near the lowest level since mid-May hit on Friday. Currently trading around 1.2635, bears are looking for a sustained break below the 100-day…

GBP/USD is trading around 1.2650 in London on Monday after a sharp sell-off last week. As the upside move in the US Dollar Index (DXY), which tracks the value of…

The Indian rupee rose on Friday as the US dollar weakened slightly. Foreign inflows into Indian bonds are likely to boost the Indian rupee, while rising crude oil prices are…

The Australian dollar closed higher for the third day in a row on Thursday. The Reserve Bank of Australia maintained a hawkish stance at its June meeting on Tuesday, which…

The Bank of Japan (BoJ) made no meaningful policy changes at its June 13-14 meeting, reiterating that it will encourage the unsecured overnight lending rate to remain around 0.0%-0.1% and…

The Mexican peso (MXN) was range-bound on Tuesday as the post-election sell-off, which saw the currency lose an average of 10% against its major peers, has run out of steam.…

EUR/USD is trading in a narrow range around the key support level of 1.0700 in early European trading on Monday. The pair has been under pressure as the potential risk…

At the beginning of the new week, EUR/USD is trading in a narrow range around 1.0700, trying to limit the losses of the previous week. The dust of last week’s…