NZD/USD extends its losses for the second successive day, trading around 0.5730 during the Asian hours on Wednesday. The pair depreciates as the New Zealand Dollar (NZD) faces challenges following the release of domestic seasonally adjusted Building … [Continue reading]
South Korea Import Price Growth (YoY): 0.3% (December) vs previous 2.2%
EUR/USD rapidly left behind Monday’s optimism, slipping back to the mid-1.1600s amid the intense recovery in the Greenback. US inflation data remained well above the Fed’s target in December, although consumer prices lost some momentum, reinforcing … [Continue reading]
Australian Dollar Price Forecast: Some consolidation appears likely
AUD/USD appears to be pausing for air. After Monday’s rebound, the pair quickly ran out of steam and slipped back below the 0.6700 mark, with a firmer US dollar once again taking centre stage.The Aussie Dollar (AUD) came under renewed pressure on … [Continue reading]
JPY drops to weakest since July 2024 – ING
The Japanese Yen (JPY) fell 0.5% to 158.91 per US Dollar (USD), hitting its weakest level since July 2024, as speculation of a snap election under PM Takaichi triggered renewed selling, ING's FX analyst Francesco Pesole notes.US-Japan yield gap and … [Continue reading]
Gold trades with modest losses amid firmer USD; focus remains on US CPI report
Gold (XAU/USD) sticks to intraday losses through the early part of the European session on Tuesday, though the downside remains cushioned amid a supportive fundamental backdrop. The US Dollar (USD) gains some positive traction following the previous … [Continue reading]
Japanese Yen drops to fresh one-year low vs. USD amid BoJ uncertainty, election risks
The Japanese Yen (JPY) continues its relative underperformance amid speculation that Prime Minister Sanae Takaichi may soon call a snap election to take advantage of strong approval ratings. With Takaichi's popularity running high, a win would likely … [Continue reading]
GBP/JPY Price Forecast: Breaks higher to 213.00 as risk-off sinks JPY
The GBP/JPY rises on Monday, courtesy of a risk-off mood that weighed on safe-haven peers like the Japanese Yen and the Dollar, which are trading softer against most currencies. At the time of writing the cross-pair trade at 212.88 up 0.61%. Japanese … [Continue reading]
United States 10-Year Note Auction dipped from previous 4.175% to 4.173%
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
CAD gains as USD pressure eases – Scotiabank
The Canadian Dollar (CAD) has picked up a little ground intraday, reflecting the broader pressure on the US Dollar (USD), Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report. Post-Christmas USD rally shows signs of stalling"The … [Continue reading]
USD/JPY Price Forecast: Bulls have the upper hand amid political risks, BoJ rate hike doubts
The USD/JPY pair touches a fresh one-year high, around the 158.20 region, at the start of a new week, though it lacks follow-through buying amid mixed fundamental cues. Against the backdrop of the uncertainty over the timing of the next interest rate … [Continue reading]