The Japanese Yen is under pressure against the US Dollar on Wednesday, with the exchange rate trading near nine-month highs at approximately 154.64, despite a generally weaker Greenback. The Yen is facing challenges as a result of Japan’s expansionary fiscal policy and the Bank of Japan’s cautious strategy regarding the normalization of monetary policy, both … Read more
The Euro strengthens in the North American session, recording an increase of 0.30% as the Greenback declines following disappointing US jobs data and a shift in business sentiment towards a more pessimistic economic outlook. The EUR/USD is currently trading at 1.1590, having rebounded from daily lows of 1.1547. The EUR/USD pair experiences an upward movement … Read more
The USD/CHF experiences a decline for the fourth consecutive day, currently trading at approximately 0.8000 after a loss of 0.55% late Tuesday during the North American session. Disappointing US economic data and a tariff reduction to Switzerland contributed to a strengthening of the Swiss Franc during the trading session. The USD/CHF has decreased by 0.55%, … Read more
GBP/USD is currently consolidating in the North American session on Monday, holding steady around 1.3150. This stability arises alongside growing speculation about a possible resolution to the US government shutdown, lending support to the US Dollar, which has regained some of its previous losses. GBP/USD stays steady as progress in the US Senate boosts optimism … Read more
The USD/JPY pair declined to 153.10 on Friday, as the yen preserved some of its recent gains in the context of a flight to safety. A notable increase in stock market volatility, spurred by apprehensions regarding a possible overvaluation of artificial intelligence stocks, led investors to turn to conventional safe-haven assets, consequently bolstering the Japanese … Read more
EUR/USD shows signs of recovery on Thursday, reflecting a gain of 0.45% after rebounding from daily lows of 1.1486, attributed to a weakening of the Greenback. The recent soft jobs data in the US has heightened speculation regarding a potential Fed rate cut at the upcoming December meeting. The currency pair is currently trading at … Read more
The GBP/USD pair is currently seeking support near 1.3062 on Thursday, as investors take a measured approach ahead of the crucial Bank of England monetary policy meeting scheduled for today. The British currency is currently facing significant pressure, trading close to a seven-month low against the US dollar and reaching its weakest point in over … Read more
EUR/USD is stabilizing near 1.1480 on Wednesday, breaking a five-day losing streak as economic data from the US has led investors to become less certain about a potential rate cut by the Federal Reserve in the upcoming December meeting. As of the current moment, the pair is trading steady at 1.1484. The EUR/USD remains unchanged … Read more
The Euro continues to decline against the US Dollar on Tuesday, as increased demand for the Greenback exerts pressure on the currency pair. At this moment, EUR/USD stands around 1.1481, indicating a persistent decline for the fifth consecutive day. Meanwhile, the US Dollar Index is trading consistently around 100.20, reaching a new three-month high against … Read more
The Swiss Franc continues to weaken against the US Dollar on Tuesday, as the currency pair marks its fifth consecutive day of gains, driven by widespread strength in the Greenback. The pair is presently trading around 0.8085, having momentarily reached the 0.8100 psychological level, marking its peak since August 22. The USD/CHF pair has experienced … Read more