Fx Rate

EUR/USD steady at 1.1850 ahead of Fed decision and Powell remarks

The EUR/USD is experiencing a sideways movement on Wednesday as market participants await the Federal Reserve’s monetary policy decision and Chair Jerome Powell’s subsequent press conference. As of the current moment, the pair trade is positioned at 1.1848, reflecting a decline of 0.15%. The Euro is currently valued at 1.1848 as market participants prepare for … Read more

Fx Rate

GBP/USD climbs as UK inflation backs BoE stance, Fed cut eyed

The British Pound shows a slight increase of 0.15% against the US Dollar on Wednesday as market participants anticipate the results of the Federal Reserve’s monetary policy decision. Nonetheless, the Sterling appreciates as the inflation data in the UK supports the Bank of England’s predictions of maintaining rates on Thursday. GBP/USD is currently positioned at … Read more

FX Rate Updates

EUR/USD soars to 1.1878, reaching its peak since 2021

The EUR/USD surged to a four-year peak of 1.1878 on Tuesday as investors moved away from the Dollar amid heightened expectations that the Federal Reserve will recommence its easing cycle this week. The currency pair is currently trading at 1.1865, reflecting an increase of nearly 0.90% as of this moment. EUR/USD experiences a significant increase … Read more

Fx Rate

EUR/USD surges as expectations of Fed cuts pressure the US Dollar

EUR/USD increased by more than 0.21% on Monday, as market participants overlooked the downgrade of France’s sovereign credit rating amid ongoing political turmoil. Nevertheless, the anticipation surrounding the first rate cut in nine months by the Federal Reserve exerted downward pressure on the US Dollar. The currency pair is currently trading at 1.1763, having rebounded … Read more

Fx Rate

GBP/USD surges as the contrasting policies of the Fed and BoE boost Sterling

The Pound Sterling shows an upward trend during the North American session on Monday as market participants prepare to analyze the monetary policy meetings of significant central banks across the Atlantic. The anticipation of the Federal Reserve’s first rate cut in nine months, coupled with the Bank of England’s decision to maintain rates, is expected … Read more

Fx Rate

EUR/USD Holds Steady on Fed Rate Cut Bets

EUR/USD holds its ground in the North American session on Friday, set to wrap up the week with slight gains exceeding 0.18% as traders prepare for the upcoming monetary policy decision from the Federal Reserve. The current trading value for the pair stands at 1.1736, showing little to no movement. The EUR/USD has seen a … Read more

Fx Rate

USD/CHF consolidates below major SMAs, sellers dominate

The USD/CHF pair experienced an upward movement during the North American session; however, it continues to consolidate within the 0.7950-0.8000 range as market participants await the upcoming Federal Reserve monetary policy meeting next week. The pair is currently trading at 0.7966, reflecting an increase of 0.12%. USD/CHF is up 0.12%, yet it remains below the … Read more

EUR-USD

EUR/USD recovers to 1.1700 as US CPI and jobless claims push US Dollar

The EUR/USD pair shows upward movement in the North American session following the European Central Bank’s decision to maintain interest rates, while the US dollar experienced a decline after the Consumer Price Index (CPI) report met expectations. Currently, the pair is trading at 1.1733, reflecting an increase of 0.34%. The EUR/USD pair experiences upward momentum … Read more

Fx Rate

GBP/USD dips ahead of central bank decisions

The GBP/USD pair fluctuated within a narrow band near 1.3524 USD on Thursday, with price action limited as market participants anticipate crucial US inflation figures and significant policy discussions from the Federal Reserve and the Bank of England in the upcoming week. The pound has successfully rebounded from a sell-off that occurred earlier in September, … Read more