AUD/USD’s recovery faltered just ahead of the key 0.6400 barrier. The US Dollar added to the ongoing bearish trend ahead of the Fed. Markets’ attention remains on upcoming central banks’ meetings. The Australian Dollar (AUD) retested the area of … [Continue reading]
US Dollar flat after Putin’s demand look unreasonable for markets to eke out Ukraine ceasefire
The US Dollar edges lower again, nearing a five-month low in the US Dollar Index. Traders brace for a historic vote in Germany on spending and a Trump-Putin phone call to end war in Ukraine. The US Dollar Index recovers from earlier … [Continue reading]
EUR/USD: May correct lower on the day – OCBC
Euro (EUR) continued to hold on to gains above 1.09 handle vs US Dollar (USD) on prospects of a peace deal in Ukraine, potential ECB pause (in Apr) and hopes of large German spending. EUR was last seen trading at 1.0948 levels, OCBC's FX analysts … [Continue reading]
Japanese Yen continues to lose ground against the broadly recovering US Dollar
The Japanese Yen attracts sellers for the third consecutive day amid a positive risk tone. A modest USD bounce from a multi-month low further lends support to the USD/JPY pair. The divergent BoJ-Fed expectations might cap the pair ahead of … [Continue reading]
USD/CAD remains on the defensive below 1.4300, Canadian CPI data in focus
USD/CAD softens to around 1.4290 in Monday’s late American session. US Retail Sales rose softer than expected in February, weighing on the US Dollar. Crude Oil prices edge higher due to geopolitical risks, supporting the commodity-linked … [Continue reading]
US Dollar remains pressured ahead of key events
DXY dips toward session lows as traders brace for Trump-Putin meeting. US Retail Sales disappoint, reinforcing concerns over economic momentum. Federal Reserve decision looms with markets positioning cautiously. Technical indicators suggest potential … [Continue reading]
US Dollar dips a touch lower in US Retail Sales aftermath
The US Dollar at Monday's low ahead of Trump and Putin on Tuesday. US bond markets are looking for direction ahead of the upcoming Fed meeting on Wednesday. The US Dollar Index dips to lower end of its range after US Retail … [Continue reading]
USD: February retail sales need to rebound – ING
Beyond all the uncertainty associated with this year's on-again-off-again US tariffs, one core theme weighing on US interest rates and equities has been the fear of a slowing US consumer. Consumption has been the outsized driver of US growth since … [Continue reading]
Gold price sits near record high, continues to draw support from the global flight to safety
Gold price remains close to all-time peak as rising trade tensions underpin safe-haven demand. Bets that the Fed will cut rates several times in 2025 lend additional support to the XAU/USD. The USD hangs near a multi-month low and further … [Continue reading]
ECB’s Villeroy: Euro should take on a more important role internationally
European Central Bank Governing Council member and Governor of the Banque de France, Francois Villeroy de Galhau, said over the weekend that the Euro should take on a more important role internationally. Key quotes The Euro should take … [Continue reading]