Forex
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British Pound struggles as traders evaluate BoE policy, UK political developments
GBP/USD could further depreciate amid differing inflation trends and rate expectations between the BoE and Fed. Markets are monitoring fiscal…
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Australian Dollar strengthens above 0.7000 despite rising US-Iran tensions
AUD/USD gains ground to around 0.7010 in Tuesday’s Asian session. The US launches further strikes on Iran. The RBA is…
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Swiss Franc weakens as safe-haven demand lifts US Dollar
USD/CHF as safe-haven dollar demand grew amid US-Iran tensions. The CME FedWatch Tool shows September Fed rate hike odds rose…
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Chart of the Day: USDJPY – The Dollar Wins Another Round, but Tokyo Is Preparing a Response
The USDJPY market currently resembles another round of a fight between two heavyweight contenders. On one side stands the dollar,…
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South Korean Won Rises on Policy Support
The South Korean won strengthened to around 1,480 per dollar, rebounding from the previous session and approaching its highest level…
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Rupee Falls to 2-Month Low on Oil Surge
The Indian rupee fell to around 96.4 per dollar, reaching its lowest level since May as sentiment deteriorated after escalating…
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GBP holds steady near 1.3450 as US-Iran strikes intensify
GBP/USD flatlines near 1.3450 in Monday’s early Asian session. The US launched a new wave of Iran strikes on Sunday,…
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Japanese Yen hangs near four-decade low as bears turn cautious amid intervention risks
USD/JPY struggles to gain any meaningful traction amid mixed fundamental cues. Intervention risks hold back the JPY bears from placing…
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Canadian Dollar edges higher to near 1.4000 as crude oil gains
USD/CAD declines to around 1.4005 in Monday’s Asian session. Iran said it targeted US aircraft in Jordan. Cooling in June’s…
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United States Dollar Index struggles to lure buyers despite Iran tensions, Fed hike bets
DXY bulls refrain from placing aggressive bets and opt to wait for further geopolitical developments. Rising oil prices fuel inflation…
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