Currency Pairs

FX Rate Updates

EUR/USD Steady Near 1.16 Ahead of ECB Decision

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The EUR/USD was positioned near the 1.16 level prior to the ECB rate decision, experiencing a slight rebound after the Fed’s somewhat hawkish press conference yesterday, during which Powell emphasized that another cut is not assured. However, risk appetite continues to be largely supported, despite a slight pullback in European markets this morning ahead of … Read more

Fx Rate Updates

USD/JPY Soars to Nine-Month Peak Amidst Yen’s Tough October

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The USD/JPY pair surged to a nine-month peak on Friday, nearing the significant 154.00 threshold. The yen wrapped up October with a decline of around 4%, indicating a notably poor performance for the month. The currency’s decline was intensified by changes in domestic politics, subsequent to the election of Sanae Takaichi as Prime Minister. Takaichi … Read more