FX Rate Updates

EUR/USD holds firm near 1.1600 as traders anticipate US CPI data

EUR/USD remains stable around the 1.1600 level on Wednesday, with a limited economic calendar on both sides of the Atlantic as market participants anticipate the postponed US Consumer Price Index report, scheduled for release on Friday. The EUR/USD pair is currently stable, hovering around the 1.1600 mark, whereas the DXY index shows a slight decline, … Read more

FX Rate Updates

GBP/USD holds firm around 1.3360 following lackluster UK CPI data

GBP/USD remains stable in the North American session on Wednesday after the recent inflation report from the United Kingdom, which caused a slight decline in the Pound Sterling, as expectations for additional easing by the Bank of England have risen. The pair is currently trading at 1.3362, remaining virtually unchanged after a decline to 1.3305 … Read more

FX Rate Updates

EUR/USD falls to 1.16 as Dollar rises on US–China tensions improvement

The EUR/USD pair experiences a decline during the North American session, slipping 0.31% as the US dollar maintains its strength, reflecting a sense of relief following President Trump’s moderated stance on China. The currency pair is currently trading at 1.1599, following a peak of 1.1655. The Euro declines as the DXY approaches 99.00, reflecting relief … Read more

FX Rate News

EUR/USD Dips as Trump Eases China Tariff Position

EUR/USD experiences a decline of 0.17% in the North American session on Friday, as the Greenback reduces its earlier losses following US President Donald Trump’s moderation of his trade rhetoric concerning China. The currency pair is currently trading at approximately 1.1666, following a daily peak of 1.1728. Trump states that elevated tariffs on China are … Read more

Fx Rate News

GBP/USD dips to 1.34 as Trump eases China tensions

The GBP/USD pair experiences a pullback on Friday, following its peak of 1.3471 reached earlier in the week, coinciding with US President Donald Trump’s remarks that high tariffs on China are “not sustainable.” As a result, the Greenback showed an uptick, as indicated by the pair, trading above the 1.3415 level, down 0.12% for the … Read more

Fx Rate News

GBP/USD Rises as Bessent Eases US Position

The GBP shows signs of recovery, increasing by 0.60% against the USD on Wednesday during the North American session, attributed to a reduction in China-US tensions following remarks from US Treasury Secretary Scott Bessent. As of the current analysis, GBP/USD is trading at 1.3396 following a rebound from daily lows of 1.3309. Bessent proposes an … Read more

EUR-USD

EUR/USD rises over 1.16 as Powell’s neutrality weighs on Dollar

EUR/USD shows signs of recovery on Tuesday as the Greenback experiences a decline following neutral-dovish comments from Fed Chair Jerome Powell, coupled with the French government’s announcement to suspend a pension reform. The currency pair is currently trading at 1.1606, reflecting an increase of 0.32%. Fed’s Powell indicates a “meeting-by-meeting” approach, stating that labor risks … Read more

Fx Rate News

GBP/USD falls to 1.33 on dismal UK employment data

GBP/USD continues to decline for the second straight day on Tuesday, as weak data from the United Kingdom supports the case for reduced interest rates by the Bank of England. The ongoing government shutdown in the US results in a lighter schedule, with the exception of Federal Reserve Chair Jerome Powell’s upcoming speech. The UK … Read more