USD/JPY declines to near 159.45 in Wednesday’s Asian session. Expectations surrounding a potential interest rate hike by the BoJ as early as September bolster the Japanese Yen. Traders are reducing their expectations for an interest rate increase by the Federal Reserve. The USD/JPY pair experiences a slight decline, settling at approximately 159.45 during the Asian … Read more
USD/CAD remains subdued as robust crude oil prices bolster the Canadian Dollar. Geopolitical uncertainty drives demand for the safe-haven US Dollar, thereby limiting the losses of the USD/CAD pair. Fading expectations regarding Federal Reserve rate hikes may lead to a depreciation of the Greenback. USD/CAD continues to decline for the fourth consecutive day, hovering near … Read more
Japan’s Preliminary Q2 GDP increased by 0.3% on a quarter-over-quarter basis, falling short of the anticipated 0.5% growth. Annualised GDP reached 1.1%, complicating the Bank of Japan’s trajectory toward additional rate hikes. US Retail Sales declined by 0.6% in July, which has dampened market expectations regarding forthcoming Federal Reserve rate increases. USD/JPY experiences a decline … Read more
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 in September. Data released on Thursday indicated that producer prices remained unchanged in July. Together with the benign CPI report, this indicates that inflationary pressures have not … Read more
USD/CAD experiences a decline as the US Dollar weakens in response to subdued US inflation figures, with attention now turning to the Retail Sales data scheduled for release on Friday. US wholesale prices remained unchanged in July, falling short of the anticipated 0.2% increase following a revised decline in June. The commodity-linked Canadian Dollar may … Read more
USD/CAD rises as uncertainty surrounding Federal Reserve rate hikes dampens broader market sentiment. Shipping restrictions in the Strait of Hormuz persist in exerting upward pressure on global energy prices. Rising crude prices enhance dollar inflows into Canada, thereby offering fundamental support to the Canadian Dollar. USD/CAD continues to build on its upward momentum for the … Read more
EUR/USD edges higher to around 1.1385 in the early European session on Friday. ECB maintains current interest rates while leaving the possibility for further tightening on the table, thereby bolstering the Euro. The US military executed another series of strikes during the night aimed at Iranian targets. The EUR/USD pair strengthens to approach 1.1385 during … Read more
USD/JPY stabilises near 163.90 during the early hours of the Asian trading session on Friday. Japanese CPI inflation increased to 1.7% year-on-year in June, up from 1.5% in May. Trump pledged to impose consequences on Iran in response to the Houthi assaults in the Red Sea. The USD/JPY pair remains stable around 163.90 in the … Read more
EUR/USD is experiencing slight increases, hovering around 1.1385 during the early hours of Tuesday’s Asian session. Trump stated that the US will impose a blockade on Iran in the Strait of Hormuz and levy a 20% fee on ships for safe passage. Traders prepare for the release of the US Consumer Price Index data later … Read more
GBP/USD experiences an uptick as the US Dollar faces challenges following disappointing US economic data, which leads markets to reduce expectations for Federal Reserve rate increases. The outlook for Federal Reserve policy appears to be moderating, influenced by a cooling employment report and declining crude oil prices that alleviate inflationary pressures. The British Pound may … Read more
