Tag: foreign exchange
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...
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...
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...
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,...
USDCHF Technical Analysis: Approaching Key Resistance Level
The US dollar continues to be supported by strong economic data, such as the recent US PMIs and Consumer Confidence report. This data helps...
Impact of UK General Election on Pound: Expert Analysis and Forecast
On July 4, Britons will be voting in a general election that could potentially end 14 years of Conservative rule. The Labour Party is...
Impact of Labour Victory on Sterling: Insights from Crédit Agricole
The GBP has been trading at a 'political premium' in anticipation of the upcoming elections, as there is a belief that political stability will...
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...
Weekly USD Analysis: US Dollar Index and Euro to Dollar Forecast – Action Forex
This week, the focus will be on speeches by Fed officials, with five out of eight scheduled appearances featuring hawkish members. This could push...
Canadian Dollar Rises to High End in Quiet Monday Trading
The Canadian Dollar (CAD) saw a slight rise on Monday as the US Dollar weakened, providing some breathing room for the CAD against other...
Breaking Financial News
Adani Group Responds to New York Fraud and Bribery Allegations
Adani Group, a prominent company in India, has recently faced serious allegations of bribery and fraud by U.S. authorities. The chairman of the group,...
