FX Rate Updates

EUR/USD Rises as Weak U.S. Jobs Data Weighs on Dollar

The EUR/USD pair has strengthened, reaching approximately 1.1555 during the early hours of the Asian session on Thursday. US companies added 44,000 jobs in July, according to data. Iran and Oman have reached an agreement regarding the coordinates of maritime routes in the Strait of Hormuz. The EUR/USD pair advances to approximately 1.1555 during the … Read more

FX Rate Updates

USD/JPY Extends Rally as Geopolitical Risks Boost Dollar Demand

The USD/JPY pair is advancing, approaching the level of 159.35 during the Asian session on Friday. Trump indicated that the upcoming meeting between the US and Iran could occur this weekend. Japan’s Katayama suggested the possibility of JPY intervention following discussions with the US counterpart. The USD/JPY pair shows resilience, trading at approximately 159.35 during … Read more

FX Rate Updates

EUR/USD Surges Past 1.1800 as Yen Intervention Hits Dollar

EUR/USD experiences significant upward movement towards the end of the North American trading session on Friday, following speculation regarding a potential intervention in the foreign exchange markets aimed at strengthening the Japanese Yen. This development led to a decline in the US Dollar, which recorded losses exceeding 0.70%, as indicated by the US Dollar Index. … Read more