The Australian Dollar (AUD) remains well bid against the US Dollar (USD) on Friday, as US President Donald Trump’s softer stance on trade with China eases risk sentiment. The Aussie is showing resilience even as the Greenback strengthens, supported … [Continue reading]
SOL, UNI slide despite Solana integration on Uniswap
Uniswap (UNI) has announced the integration of Solana (SOL) on its web app, enabling users to link their wallets and trade Solana-based tokens.Solana goes live on Uniswap web appDecentralized exchange Uniswap has integrated Solana into its web … [Continue reading]
USD/JPY strengthens as Trump’s softer stance on China boosts US Dollar demand
The Japanese Yen (JPY) weakens against the US Dollar (USD) on Friday, with USD/JPY rebounding after slipping to two-week lows earlier in the Asian session. The recovery comes as the Greenback regains footing after President Donald Trump softened his … [Continue reading]
US Dollar Weekly Forecast: Trade jitters undermine the recovery
The week that wasThe US Dollar (USD) spent much of the week on the back foot, retreating from last week’s highs and leaving the US Dollar Index (DXY) with a softer tone. That said, the index found some support around the 98.00 area but stayed stuck … [Continue reading]
BoE’s Greene: We should not cut rates every quarter, but rate-cutting cycle not over
Bank of England (BoE) MPC member Megan Greene spoke about inflation dynamics, the global rate path, and risks in currency markets at the annual meetings of the International Monetary Fund and World Bank Group, hosted by the Atlantic Council in … [Continue reading]
Canada Foreign Portfolio Investment in Canadian Securities above forecasts ($11.61B) in August: Actual ($25.92B)
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]
Pound Sterling extends winning streak against US Dollar
The Pound Sterling (GBP) extends its winning streak against the US Dollar (USD) for the third trading day on Friday. The GBP/USD pair jumps to near 1.3470 during the European session as the US Dollar underperforms its peers due to trade frictions … [Continue reading]
EUR/USD moves above 1.1700 as France’s government survives a no-confidence vote
EUR/USD extends its gains for the fourth consecutive session, trading around 1.1710 during the Asian hours on Friday. The pair appreciates as the Euro (EUR) receives support after France’s government survived a no-confidence vote, as Prime Minister … [Continue reading]
ECB’s Scicluna: Central bank mustn’t rush further rate cuts
European Central Bank (ECB) policymaker and Central Bank of Malta Governor Edward Scicluna said late Thursday that the central bank must not rush further interest-rate cuts.Key quotesECB mustn’t rush further interest-rate cuts.The effects … [Continue reading]
GBP/USD extends recovery amid US Dollar softness and modest UK GDP growth
The British Pound (GBP) strengthens against the US Dollar (USD) on Thursday, extending gains for the second day in a row. At the time of writing, GBP/USD is trading around 1.3431, rebounding after briefly falling to a two-and-a-half-month low on … [Continue reading]