Currency Market
FX News EUR/USD Rises as Eurozone Inflation Fuels ECB Rate Hike Bets
Strong inflation in the Eurozone, coupled with escalating petrol prices, bolsters expectations for additional interest rate increases by the ECB. Resurgent US Treasury yields may limit EUR/USD gains…
FX News GBP/USD Slides on Safe-Haven Dollar Demand
Scotiabank analysts caution that the diminishing yield spreads between the UK and US are undermining the fundamental support for the British pound. Rising oil prices have rekindled concerns…
FX News USD/CAD Advances as Iran Tensions Lift Safe-Haven Demand
USD/CAD rises as uncertainty surrounding Federal Reserve rate hikes dampens broader market sentiment. Shipping restrictions in the Strait of Hormuz persist in exerting upward pressure on global energy…
FX News USD/CHF Stalls Near 0.8100 as US Labour Data Looms
USD/CHF stalls at 0.8100 amid hopes of a new round of peace talks in Iran. Investors continue to exercise caution regarding substantial investments in the US Dollar in…
FX News Falling Oil Prices Lift USD/CAD Above 1.40
USD/CAD advances to approximately 1.4030 during the early European session on Monday. Trump announced that new discussions with Iran would commence on Monday. Market participants will be paying…
FX News GBP/USD Slips as Middle East Tensions Boost Dollar Demand
GBP/USD softens to approximately 1.3530 in the early Asian session on Thursday. The US military has initiated another series of strikes targeting Iran. Rising tensions in the Middle…
FX News USD/JPY Declines as Yen Strengthens Ahead of BOJ Rate Decision
USD/JPY has softened to approximately 160.15 during the early Asian session on Tuesday. Trump stated that Iran ‘has agreed to never have a nuclear weapon.’ BoJ is anticipated…
FX News Euro dips under 1.1550 amid Middle East uncertainty
EUR/USD has softened to approximately 1.1530 during the early Asian session on Tuesday. Israeli Prime Minister Netanyahu stated that the conflict with Iran and Hezbollah “has not yet…
FX News USD/JPY Climbs Toward 159.10 After Weak Japan CPI Data
USD/JPY shows resilience as it approaches 159.10 during the early Asian session on Friday. Japan’s core CPI inflation has decreased to a four-year low in April. FOMC Minutes…
FX News USD/JPY Near 159 Amid Trump Remarks
The USD/JPY pair has moved upwards to approximately 159.20 during the Asian session on Thursday. Trump stated that his fundamental “objectives are nearing completion” in Iran. Japan’s Mimura…
FX News Dollar Slips Against Yen as Middle East Tensions Rise
In the early Asian session on Thursday, USD/JPY has declined to approximately 158.85. Iran has initiated its most significant operation since the onset of the conflict, enhancing safe-haven…
FX News GBP/USD Rebounds on Iran De-Escalation Hopes
The GBP/USD pair exhibited a rebound, characterized by the formation of a bullish engulfing pattern, coinciding with indications that the crisis in the Middle East was drawing to…
