Tag: Exchange rate

news-01072024-030223

Australian Dollar Strengthens as China’s Manufacturing PMI Beats Expectations

The Australian Dollar paused its decline after China's Manufacturing PMI surpassed expectations. Australia's own Manufacturing PMI fell for the fifth straight month to 47.2...
news-30062024-073548

Yen Hits Multi-Decade Lows, Euro Bounces Back, Dollar Remains Indecisive – Forex Market Update

Last week, the focus was on the Japanese Yen as it hit multi-decade lows, remaining the worst-performing currency. Despite the decline, Japanese authorities did...
news-30062024-073505

Australian Dollar Strengthens as RBA Hawkishness Outweighs Weak US PCE Data

The Australian Dollar (AUD) saw a rise against the US Dollar following a decrease in US inflation in May. This unexpected reduction in inflation...
news-28062024-090142

USD/CAD Unchanged Post Canadian GDP and US PCE Data Release

USD/CAD has seen little movement around the 1.3700 level following the release of key economic data for both Canada and the US. The Canadian...
news-28062024-014441

GBPJPY Hits 16-Year High – Forex Analysis and Updates

GBPJPY has been on a winning streak, marking a new 16-year high at 203.57 after ten consecutive days of gains. While this positive momentum...
news-28062024-014351

USD/CAD Surges Above 1.3700 Before Core PCE Inflation Release

The USD/CAD pair has been on an upward trend for the fourth day in a row, reaching around 1.3710 during the European trading session...
news-27062024-193926

Suzuki of Japan Warns Against Undesirable Rapid FX Movements

Japan's Finance Minister, Suzuki, recently made some remarks about the foreign exchange market that have caught the attention of many. He emphasized the importance...
news-27062024-013131

EURUSD Price Analysis: Currency Pair Rebounds from 8-Week Low – Action Forex

EURUSD saw a slight rebound from an 8-week low as it traded within a range of 1.0665-1.0720. The moving averages showed a bearish crossover,...
news-26062024-192840

Managing Japan’s FX Movements: Hayashi Promises Appropriate Actions

Japan's Chief Cabinet Secretary Hayashi recently stated that appropriate actions will be taken to address excessive foreign exchange movements, aligning with Finance Minister Shunich...
news-26062024-021416

USDJPY Price Analysis: Will USDJPY Break Above 160 Level? – Action Forex

USDJPY is currently trading below the critical 160 level with weak momentum. There are signs of overbought conditions, indicating that sellers may be waiting...

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