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Swiss Franc strengthens ahead of SNB rate decision
USD/CHF weakens to near 0.7985 in Thursday’s early European session. The Fed voted unanimously to hold its benchmark federal funds…
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EUR/USD Price Forecast: Recovers further from March low, climbs to 1.1525 on weaker USD
EUR/USD gains positive traction as the USD drifts lower in reaction to the US-Iran peace deal. The ECB’s rate hike…
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Japanese Yen bears turn cautious amid intervention fears as Iran deal undermines USD
USD/JPY bulls pause as intervention fears support the JPY amid a modest USD downtick. The US-Iran peace deal optimism counters…
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United States Dollar Index holds losses after pulling back from 11-week highs
US Dollar Index remains subdued after pulling back from an 11-week high of 100.57 reached on Wednesday. The Greenback slips…
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New Zealand Dollar gains ground to near 0.5800 as US-Iran Presidents signs agreement to end war
NZD/USD gains ground to near 0.5790 in Thursday’s Asian session. New Zealand’s Q1 annual GDP beat the estimates. Fed held…
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AUD/USD Price Forecast: Eyes 0.7050 on weaker USD; 100-day SMA holds the key for bulls
AUD/USD attracts fresh buyers on Thursday as the US-Iran peace deal undermines the USD. The hawkish RBA further benefits the…
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Indian Rupee Retreats on Firmer Dollar
The Indian rupee hovered around 94.6 per dollar, retreating from recent gains as the US dollar strengthened after the Federal…
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Chart of the Day – A New Era at the Fed and the Hawkish Shadow of the ECB. EUR/USD at a Turning Point
EURUSD starts today’s session in a noticeably tense yet somewhat uneven atmosphere, where the market lacks a single dominant narrative.…
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United Kingdom CPI inflation holds steady in April: What 2.8% means for British Pound
The United Kingdom (UK) headline Consumer Price Index (CPI) climbed 2.8% over the year in May, compared to a rise of 2.8%…
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Offshore Yuan Holds Near a Multi-Year High
The offshore yuan traded around 6.75 per dollar on Wednesday, remaining close to its strongest level since February 2023 after…
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