The EUR/USD pair has strengthened, reaching approximately 1.1555 during the early hours of the Asian session on Thursday. US companies added 44,000 jobs in July, according to data. Iran and Oman have reached an agreement regarding the coordinates of maritime routes in the Strait of Hormuz. The EUR/USD pair advances to approximately 1.1555 during the … Read more
USD/JPY softens to approximately 157.65 in the early Asian session on Thursday. Bessent stated that the US supported Japanese Yen intervention to assist in stabilising Asian currencies. The US July jobs data will attract significant attention later on Friday. The USD/JPY pair is currently positioned in negative territory, hovering around 157.65 in the early hours … Read more
On Wednesday, the USD/JPY declined to 157.47, as the Japanese yen halted its recent appreciation. US Treasury Secretary Scott Bessent reaffirmed Washington’s support for Japan following the historic joint currency intervention. Over three sessions, the yen appreciated by nearly 5% following coordinated purchases by Tokyo and Washington, representing the largest such operation in decades. Both … Read more
GBP/USD declines as the US Dollar receives backing from a recovery in 10-year US Treasury yields. Easing tensions in the Strait of Hormuz diminishes the demand for safe-haven assets, a development attributed to diplomatic advancements between the US and Iran. Markets reduced expectations for a 2026 interest rate increase following indications from the Bank of … Read more
Easing tensions in the Strait of Hormuz reduced safe-haven demand for the US Dollar, leading to a depreciation of the pair. The United States, Iran, and Oman are anticipated to finalise an interim agreement aimed at reopening the Strait of Hormuz, with an announcement expected on Wednesday. BBH’s Elias Haddad notes that the low inflation … Read more
EUR/USD declines to approximately 1.1530 during the Asian session on Wednesday. Iran dismissed the assertion made by the United States regarding the status of the Strait of Hormuz. US JOLTS Job Openings decreased to 7.35 million in June, falling short of expectations. The EUR/USD pair is experiencing slight declines, hovering around 1.1530 during the Asian … Read more
Australia’s ANZ–Indeed Job Ads increased by 2.0% in July, reflecting widespread robustness across various states and sectors. The TD-MI Inflation Gauge experienced a notable increase of 1.0% in July, representing its first rise since April. RBA Governor Bullock cautioned that elevated underlying inflation may increase further, postponing any potential policy easing. AUD/USD experiences an uptick … Read more
GBP/USD softens to approximately 1.3425 in the early Asian session on Tuesday. Trump asserts that discussions with Iran are in progress; however, Iran refutes any claims of negotiations occurring. In July, the US ISM Manufacturing PMI increased to 55.6, surpassing expectations. The GBP/USD pair experiences a decline, approaching 1.3425 in the early Asian session on … Read more
EUR/USD starts the week at approximately 1.1540. In the wake of a tumultuous week, market focus has transitioned from the Federal Reserve meeting to the latest US economic indicators. Investors will evaluate whether the forthcoming data strengthens the argument for a September rate increase or, on the other hand, indicates a slowdown in the US … Read more
USD/JPY declines to approximately 156.45 during the early European session on Monday. Japan and the US have confirmed a joint intervention to buy JPY, indicating the possibility of further actions to stabilise the currency. Trump indicated that discussions with Iran would recommence on Monday following the cancellation of proposed military actions. The USD/JPY pair experiences … Read more
