News

NZD/USD continued to trade lower for the second consecutive session as the US dollar (USD) strengthened, which could be attributed to mixed data from the United States (USD). During the…

The Indian rupee weakened on Friday on the back of a stronger dollar and higher U.S. Treasury yields. The India Purchasing Managers Index released by HSBC showed that India’s business…

The Japanese yen (JPY) turned sharply lower on Thursday, falling back to near the year’s low hit the previous day, but lacked follow-up due to uncertainty about the Bank of…

In early Asian trading on Friday, USD/CAD remained weak and was above the 1.3500 mark. The U.S. dollar (USD) fell below the 104.00 mark, weighing on USD/CAD. As of press…

EUR/USD fell back to the 1.0860 area in early Asian trading on Friday. A stronger U.S. dollar and rising U.S. Treasury yields supported EUR/USD’s retreat. Traders were looking at Germany’s…

The Japanese yen (JPY) gained strong upward traction during the Asian session on Thursday, recovering further from its lowest levels since November 2023 hit the previous day. The Bank of…

The Australian dollar (AUD) maintained its upward momentum for a second straight session on Thursday, likely buoyed by positive employment data from Australia. Meanwhile, the dollar fell sharply after the…

On Thursday, Bank of Japan Governor Kazuo Ueda said the Bank of Japan expected to maintain loose monetary policy for the time being. Key Quotes: The Bank of Japan is…

GBP/USD gained momentum in early trading in Asia on Thursday. The pair’s rebound was supported by a weaker dollar following dovish comments from Federal Reserve Chairman Jerome Powell at a…

AUD/USD rose 0.83% after the Federal Reserve kept policy steady. U.S. stocks rose as Federal Reserve Chairman Powell said the U.S. economy and labor force were strong after the Fed…