The Canadian Dollar remains resilient against the US Dollar, despite ongoing uncertainties in the geopolitical oil market. The ongoing tension between Iran and the United States, coupled with the possibility of restrictions in the Strait of Hormuz, may lead to an increase in crude oil prices. Robust US manufacturing data has elevated the likelihood of … Read more
USD/JPY edges higher to near 157.60 in Wednesday’s early Asian session. The recent rate hike by the Bank of Japan was accompanied by two dovish dissents, which has exerted downward pressure on the Japanese Yen. Potential currency intervention from Japanese authorities may assist in curbing the JPY’s depreciation. The USD/JPY pair exhibits an upward momentum, … Read more
The USD/CHF pair experiences an uptick as the US Dollar appreciates, following indications from the Federal Reserve of a possible additional rate hike before the end of the year. Switzerland’s Q2 2026 current account surplus experienced a notable increase, reaching CHF 23.7 billion. The Swiss National Bank is widely anticipated to maintain its benchmark rate … Read more
EUR/USD softens to approximately 1.1445 during the early Asian session on Wednesday. Fed’s Collins delivered hawkish remarks, indicating her support for a rate hike. Merz’s party experienced a significant defeat in a regional election, impacting sentiment within the Eurozone. The EUR/USD pair declines to approximately 1.1445 in the early Asian trading hours on Wednesday. The … Read more
USD/JPY is experiencing upward momentum, approaching 157.55 during the early hours of Tuesday’s Asian session. The Bank of Japan’s absence of hawkish guidance following last week’s rate hike exerts downward pressure on the Japanese Yen. Traders are currently assigning a probability of 56.5% to the likelihood of a Federal Reserve rate increase of at least … Read more
The EUR/USD pair advances to approximately 1.1485 during the early hours on Monday. The Fed’s recent rate hike could support the US Dollar and limit the pair’s potential for appreciation. ECB’s Vujcic stated that energy is influencing rate expectations; however, the central bank will consider a wider array of indicators. The EUR/USD pair exhibits slight … Read more
GBP/USD experiences depreciation as the Federal Reserve indicates additional rate hikes to address ongoing inflationary pressures. Markets currently assign a 56.5% probability to the prospect of an additional rate hike at the forthcoming October meeting. Scotiabank observes that the UK’s favourable political environment and commitment to fiscal responsibility persist in bolstering the Pound. GBP/USD experiences … Read more
The USD/CHF has experienced an uptick as market participants assign a 56.5% probability to the likelihood of an additional rate hike occurring in October. Fed Chair Kevin Warsh emphasises that ongoing inflation continues to be excessively elevated, indicating the likelihood of additional tightening measures. The Swiss Franc experienced depreciation as a result of an expanding … Read more
AUD/USD experiences slight declines, hovering around 0.7120 during the early of Monday’s Asian session. Expectations surrounding Fed rate hikes lend support to the US dollar, presenting a challenge for the pair. Market participants are closely monitoring the upcoming Australian employment figures and the scheduled summit between Trump and Xi later on Thursday. The AUD/USD pair … Read more
RBA Governor Bullock warned that persistent inflation may force another interest rate hike in September. UBS projects two additional Australian rate hikes, forecasting a terminal interest rate of 4.85%. Traders are pricing in an October Fed rate hike probability of 53.1%. AUD/USD extends its gains for the second successive day, trading around 0.7120 during the … Read more
