Daily Forex Update
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 USD/CAD Falls as Oil Strengthens and Fed Hike Bets Fade
The USD/CAD pair has declined, driven by the upward momentum in oil prices, which has bolstered the commodity-linked Canadian Dollar. Crude oil prices experienced a significant increase as…
FX News EUR/USD Pulls Back as Middle East Tensions Boost Dollar
The EUR/USD pair experiences a decline to approximately 1.1575, interrupting its three-day upward trend during the early European session on Tuesday. The Euro edges lower against the US…
FX News EUR/USD Rises as Weak US Data Weigh on Dollar
EUR/USD advances slightly to approach 1.1575 during the early hours of Monday’s Asian session. The probability of a September Federal Reserve rate increase has decreased to 33.1%. The…
FX News USD/CAD Falls as Weak US Data and Rising Oil Boost the CAD
The USD/CAD has experienced depreciation, influenced by a series of weaker economic indicators from the United States, prompting traders to reassess their expectations regarding potential Federal Reserve rate…
FX News EUR/USD Stays Near 1.15 Despite Softer US Inflation
EUR/USD stood at 1.1537 on Friday, as markets continued to analyse the latest economic data. Soft US inflation figures have diminished expectations for a Federal Reserve rate hike…
FX News USD/CHF Dips as US Inflation Eases Fed Rate-Hike Hopes
Softer US inflation and flat wholesale prices exert downward pressure on the US Dollar. Expectations for a rate hike by the Federal Reserve in September have decreased to…
FX News USD/JPY Holds Near 159.40 as Traders Watch for BoJ Intervention Risk
USD/JPY stabilises near 159.40 during the Asian trading session on Thursday. Traders maintain a heightened level of vigilance regarding potential additional currency intervention. Some members of the Bank…
FX News USD/CAD Holds Near 1.3940 as Oil Demand Forecasts Weigh on CAD
The weakened US Dollar mitigates the effects of declining oil prices, resulting in a relatively stable CAD exchange rate. In July, the US Consumer Price Index inflation decreased…
FX News EUR/USD Rises as Softer US Inflation Weighs on Dollar
The EUR/USD pair experiences an uptick as the US Dollar faces challenges due to a moderation in US inflation for July, which in turn diminishes expectations for a…
FX News GBP/USD Edges Higher Ahead of UK GDP and US PPI Data
GBP/USD is experiencing modest gains, hovering around 1.3500 during the early hours of Thursday’s Asian session. US CPI inflation exhibited modest levels in July, leading to a reduction…
FX News EUR/USD Holds Near 1.1550 Ahead of Key US Inflation Data
EUR/USD remains positioned beneath 1.1550 following a retreat from the previous week’s peak at 1.1580. Robust inflation in Germany has not bolstered the Euro, as apprehensions regarding escalating…
