Daily Forex Update
FX News USD/CHF Steady as Hotter Inflation Lifts Fed Hike Bets
USD/CHF remains steady following robust inflation data that bolsters expectations for an additional rate hike by the Federal Reserve. Diplomatic progress between Iran and Oman alleviates tensions in…
FX News AUD/USD Rises as RBA Rate Hike Bets Strengthen
AUD/USD remains resilient amid increasing expectations for rate hikes from the RBA, even in the face of disappointing capital expenditure figures. Hotter July inflation has led major banks…
FX News EUR/USD Rises on Stronger ECB Rate Hike Expectations
EUR/USD records slight increases around 1.1655 during the early hours of Thursday’s Asian session. Money markets are preparing for a more aggressive stance from the ECB. Fed Chairman…
FX News AUD/USD Rises on Strong Australian Inflation Data
AUD strengthens following Australia’s July CPI, which registered a 3.5% year-over-year increase, surpassing the anticipated 3.2% despite a decline from June’s 3.8%. Australia’s July CPI experienced a month-on-month…
FX News GBP/USD Slips Ahead of U.S. PCE Data
GBP/USD drifts lower to around 1.3625 in Wednesday’s early European session. Traders brace for the release of US PCE data for July later on Wednesday. Expectations of a…
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 Sterling Holds Near Multi-Month Highs as Dollar Weakness Supports
GBP/USD is currently positioned at 1.3627 on Tuesday. In the concluding complete week of August, the pair persists close to its peak level since the middle of February.…
FX News USD/JPY Falls as Japan Inflation Fuels September BOJ Rate Hike Bets
The USD/JPY has declined as two months of rising inflation in Japan have increased expectations for a rate hike by the Bank of Japan in September. The US…
FX News EUR/USD rises on dollar weakness and Eurozone inflation
The EUR/USD pair experiences an uptick as the US Dollar weakens in response to the announced buyback plans for US Treasury bonds. Escalating geopolitical tensions between the US…
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 AUD/USD Rises as US Dollar Weakens Amid Debt Concerns
AUD/USD edges higher to approximately 0.7135 in Friday’s Asian session. Traders continue to express concerns regarding the increasing US debt, which poses a threat to the stability of…
