FX Rate Updates

EUR/USD hovers around 1.1800 as traders await US PPI data

EUR/USD remains stable near 1.1800 during the early European session on Friday. The European Union has suspended the trade agreement with the United States due to uncertainties surrounding tariffs. Eurozone inflation has decreased to its lowest point since September 2024. The EUR/USD pair is currently trading in a stable manner around the 1.1800 level during … Read more

FX Rate Updates

EUR/USD stays strong near 1.1795

The EUR/USD pair remains steady at approximately 1.1795 in the early Asian session on Tuesday. The US Dollar shows signs of weakening against the Euro due to ongoing uncertainty surrounding US tariffs. The upcoming release of the US January Producer Price Index report is set to attract significant attention later on Friday. The ruling by … Read more

FX Rate Updates

EUR/USD Pulls Back as Hawkish Fed Weigh on Rate-Cut Hopes

The EUR/USD pair pulls back beneath 1.1900 on Wednesday as the Greenback rebounds following a robust jobs report from the United States, highlighting the economy’s resilience. Currently, EUR/USD is positioned at 1.1885, reflecting a decrease of 0.07%. EUR/USD declines as the 130K payroll increase and 4.3% unemployment rate underscore the robustness of the US labor … Read more

FX Rate Updates

EUR/USD Decline Halted as Markets Brace for Employment Data

EUR/USD remained stable at 1.1803 on Tuesday following a significant decline over the past two days. Robust US macroeconomic indicators and the Federal Reserve’s updated outlook on monetary policy provided significant support. Recent data indicated an unforeseen growth in US industrial activity, implying that both the economy and corporate earnings continue to demonstrate strength. Investor … Read more

Fx Rate

USD/CHF dips under 0.7800 as US shutdown stirs uncertainty

USD/CHF has weakened to approximately 0.7780 during the early European session on Tuesday. The House is set to vote on the government funding bill on Tuesday, as a partial shutdown continues to unfold. The US Manufacturing PMI exceeded expectations in January. The USD/CHF pair declines beneath the 0.7800 mark, as uncertainty stemming from the US … Read more

FX Rate Updates

EUR/USD Dips Below 1.1800 on Robust PMI Data

The EUR/USD pair has declined for the second consecutive day, falling by 0.49%. This movement follows last Friday’s sell-off in metals, which bolstered the Greenback at the expense of the shared currency. The nomination of Kevin Warsh to lead the Federal Reserve, along with positive US economic data, contributed to a decline in the pair. … Read more

FX Rate Updates

EUR/USD Soars to 1.1870 as Dollar Dips on Geopolitical Woes

The Euro experienced an increase of over 0.39% on Monday as the Greenback showed signs of weakness, influenced by a sell-off driven by US geopolitical concerns and speculation regarding a potential coordinated intervention in the foreign exchange markets by the US and Japan. The EUR/USD is currently positioned at 1.1872, following a rebound from daily … Read more

FX Rate Updates

EUR/USD Soars Past 1.1740 as Trump Backs Off Tariff Threats

EUR/USD rises for the second consecutive day this week, increasing by more than 0.50% as the Dollar weakens, even in light of robust US economic data released today. The shared currency is supported by an enhancement in risk appetite, attributed to US President Donald Trump easing tariff threats on Europe. Currently, the pair is trading … Read more

FX Rate Updates

USD/JPY Volatility Builds Ahead of BoJ Policy Decision

The market has clearly expressed its discomfort with rising interest rates in Japan, as traders continue to apply pressure on bond markets in Tokyo. The USD/JPY pair fluctuated throughout Wednesday’s session, reflecting persistent volatility near the 158.00 level. The upcoming Bank of Japan interest rate decision on Friday remains a key event that is likely … Read more

FX Rate Updates

EUR/USD dips as Trump backs off tariff threats

EUR/USD experienced a decline late Wednesday in the North American session, showing losses exceeding 0.30% as US President Donald Trump held back from his threats to impose tariffs on eight European nations amid discussions regarding Greenland. The EUR/USD pair experiences a decline of more than 0.30% following Trump’s decision to cancel the proposed tariffs associated … Read more