Tag: Exchange rate

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 not intervene directly in the markets but the looming threat...

The Australian Dollar (AUD) saw a rise against the US Dollar following a decrease in US inflation in May. This unexpected reduction in inflation led to speculations of a possible dovish stance from the...

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 GDP figures for April showed a 0.3% increase, indicating a...

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 is evident in the market, indicators like the RSI and...

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 on Friday. Investors are eagerly awaiting the release of the...

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 Suzuki's previous remarks. Hayashi refrained from commenting on specific 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 below the 158.35-159.00 range. The possibility of BoJ intervention is...

The US Dollar (USD) is expected to increase in value according to analysts at UOB Group. However, they do not foresee the USD reaching the major resistance levels at 7.3000 and 7.3100.In the short-term...

The Canadian Dollar (CAD) saw a slight rise on Monday as the US Dollar weakened, providing some breathing room for the CAD against other major currencies. Market activity was relatively quiet, with investors lacking...

The EUR/USD pair saw a bounce on Monday as traders took profits from the previous week's fall. Despite weaker than expected German Ifo data, the single currency gained traction due to improving sentiment on...

The USD/JPY currency pair's daily forecast shows that the intraday bias is currently on the upside. The ongoing rally is expected to reach the 160.20 high, with a possibility of extending to the 100%...

The USD/CAD pair stopped its six-day losing streak and is currently trading around 1.3700 in the Asian session on Monday. This turnaround was prompted by higher-than-expected US Purchasing Managers Index (PMI) data, which boosted...

The USD/CHF pair took a dive to 0.8825 last week before making a strong recovery. Currently, the initial bias is neutral for consolidations above 0.8825, with a bearish outlook in the near term as...

The GBP/USD pair saw a significant decline last week as the Cable hit fresh lows on Friday. This bearish trend was driven by upbeat US Purchasing Managers Index (PMI) data, which boosted the US...

The GBP/USD pair continued to decline last week, falling from the short-term high of 1.2859 despite a temporary recovery. This week, the initial bias is towards further downside movement. If the key support-turned-resistance level...

The USD/JPY pair saw a significant increase last week, rising from 151.68 to 159.81, showing no clear signs of a peak yet. The initial bias for this week remains on the upside, with a...

The Australian Dollar has been facing significant declines recently due to fading RBA gains and disappointing PMI data. The AUD/USD pair has been testing key support levels, with selling pressure originating from Asian markets...

USD/JPY bulls are taking big risks. The pair has been on the rise for seven consecutive days following a strong US services PMI report. The PMI reading of 55.1 is the highest in 26...

Japan's Chief Cabinet Secretary, Yoshimasa Hayashi, recently emphasized the importance of achieving stable foreign exchange (FX) levels in the country. According to Hayashi, having stable FX levels is desirable as it helps to maintain...

The NZD/JPY cross has been on an upward trend, reaching new cycle highs above 97.00. This positive movement continued on Thursday as the cross surpassed the previous resistance level and set a fresh cycle...

The British pound saw a decline on Thursday, with GBP/USD trading at 1.2683 during the North American session, marking a 0.29% decrease for the day. The Bank of England's decision to keep rates unchanged...

GBP/USD In the first half of this trading week, the GBP/USD pair has been holding steady above the key range of 1.2700-1.2650, making efforts to continue its upward movement. However, the Bank of England meeting...

The Chairman of the Swiss National Bank, Thomas Jordan, recently discussed the impact of the appreciation of the Swiss franc on monetary conditions. He emphasized that the exchange rate plays a crucial role in...

During the first quarter of 2024, the Swiss franc has tumbled against most of the G-10 currencies, especially against the US dollar where it underperformed the worst with a current year-to-date intraday loss of...

The Mexican Peso experienced a slight decline against the US Dollar after making gains over the past five trading days. Currently, the USD/MXN pair is trading at 18.41, showing a 0.08% increase. This movement...

The USD/CAD pair is currently trading in a narrow range but is holding steady above the key support level of 1.3700 during the European session on Wednesday. This consolidation is happening amidst uncertainty surrounding...

The Indian Rupee (INR) saw a decline on Wednesday, despite the weaker US Dollar (USD) in the market. Investors are closely watching the ongoing inflows in India, which might offer some support to the...

The Mexican Peso has been trading in a tight range on Tuesday as it bounces back from the sell-off that occurred after the elections. President-elect Claudia Sheinbaum is working to reassure the markets with...

The Mexican Peso faced a slight decline against the US Dollar on Monday, dropping by 0.29% as investors turned risk-averse due to weak economic data from China and political uncertainties in Europe. This volatility...

The Pound Sterling is facing challenges as it continues to weaken against the US Dollar for the third consecutive trading day. Currently, the GBP/USD pair is hovering around 1.2670, reaching a monthly low. This...

The New Zealand dollar is facing pressure from the strong US dollar, following the Federal Reserve's updated forecasts last week. Stock market expectations suggest only one interest rate cut this year, possibly in December....

The Australian Dollar (AUD) continued its decline for the third day in a row on Monday, mainly due to the strengthening US Dollar (USD). This decline is a result of the expectation that US...

The Australian Dollar (AUD) weakened against the US Dollar (USD) as markets anticipated the Reserve Bank of Australia's (RBA) decision next week. Despite strong labor market data from Australia earlier in the week, the...

The USD/JPY pair showed a choppy rise from 151.86 and broke through the 157.70 resistance last week. This led to a continuation of the upward movement, with the initial bias leaning towards the upside...

Last week, the Euro saw a significant decline indicating that the rebound from 1.0601 may have already ended as a correction to 1.0915. This week, the initial bias is towards the downside with a...