Currency Market
FX News USD/JPY Firms Near 158.90 as US CPI Offsets BoJ Rate Hike Talk
The USD/JPY pair exhibits strength as elevated US CPI figures counterbalance diminished demand for safe-haven assets, coinciding with a reduction in tensions between the US and Iran. BoJ…
FX News USD/CAD Rises Ahead of Fed and BoC Decisions as Oil Prices Fall
USD/CAD advances ahead of Fed and BoC rate decisions, bolstered by prevailing market caution. Markets are currently reflecting an 89.5% probability of a pause in the Federal Reserve’s…
FX News EUR/USD Steady Amid Fed Rate Outlook and ECB Hike Bets
The EUR/USD currency pair remains stable around the 1.1625 mark during the early hours of the Asian session on Friday. Waller from the Federal Reserve indicated his intention…
FX News AUD/USD Climbs as Strong China PMI Supports Aussie
China’s Manufacturing PMI rose to 51.5 in August, bolstering the Australian Dollar. Australian building permits experienced a decline of 3.6% in July, which was an improvement compared to…
FX News AUD/USD Holds Steady as China PMI and Fed Rate Bets Shape Outlook
After China’s mixed NBS Purchasing Managers’ Index results, AUD/USD is still stable. China’s August Manufacturing PMI increased to 49.8, exceeding expectations, whereas the Non-Manufacturing PMI remained unchanged at…
FX News EUR/USD Rises as ECB Hawkishness Supports Euro
The EUR/USD pair experiences an upward movement, propelled by the hawkish stance of the European Central Bank, which has led to gains in the euro. Market participants are…
FX News GBP/USD Slips as Strong U.S. Inflation Supports Dollar
GBP/USD has seen a decline as the US Dollar maintains its strength, following July’s PCE inflation rate, which accelerated to 0.2%, surpassing market expectations. Oil prices declined following…
FX News USD/JPY Slips as Treasury Buybacks Support Yen Ahead of US PCE Data
USD/JPY has softened to approximately 158.90 during the Asian session on Wednesday. The Treasury could utilise its General Account to assist in financing government bond acquisitions. The majority…
FX News EUR/USD Holds Near 1.1675 Ahead of US PCE Inflation Data
EUR/USD remains stable at approximately 1.1675 during the early hours of Wednesday’s Asian session. US Treasury buybacks may exert downward pressure on the US Dollar, as traders prepare…
FX News USD/JPY Approaches 160 as Yen Weakness Persists
The USD/JPY appreciates for the second consecutive day, achieving session highs exceeding 153.30. Market volatility remains subdued as investors anticipate significant macroeconomic events in the latter half of…
FX News GBP/USD Rises as Fed Rate Hike Bets Fade
GBP/USD strengthens to approximately 1.3645 in the early Asian session on Friday. A disappointing US jobs report and softer inflation data have tempered expectations for a more stringent…
FX News USD/CAD Falls as Oil Prices Rise on Iran Tensions
The Canadian Dollar gains support as higher oil prices are propelled by escalating US-Iran tensions concerning the Strait of Hormuz. Washington intends to exert maximum economic pressure on…
