The U.S. dollar appreciated against the Swiss franc on Friday, continuing its upward trajectory across a wide spectrum. With support at 0.79 and resistance near 0.81, the USD/CHF pair seems to be establishing a foundation, suggesting prudent dip-buying opportunities. The U.S. dollar experienced a slight rally during the early hours of Friday and maintained its … Read more
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
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