News

Iran’s currency, the rial, experienced a momentous plunge to a record low against the dollar on the unofficial market following Tehran’s extensive missile and drone strike on Israel on Saturday…

The Indonesian rupiah’s downward trajectory against the US dollar persisted throughout the recent week, culminating in a significant drop on the final day of the joint Eid al-Fitr holiday on…

Last week concluded on a frustrating note for AUD/USD traders, as the pair faced its third consecutive month of robust US Consumer Price Index (CPI) data and a wave of…

China has opted to withdraw cash from its banking system for the second consecutive month, indicating a cautious approach toward monetary easing amidst growing concerns over currency depreciation. The People’s…

The Japanese yen (JPY) is under selling pressure again on the first day of the new week, falling to fresh multi-decade lows during the Asian session. The Bank of Japan…

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…

On Monday, the Australian dollar rebounded from an eight-week low of 0.6456 hit on Friday. However, AUD/USD has hit a roadblock as traders seek the safety of the greenback amid…

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…