Forex
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Yen Weakens Despite Verbal Interventions
The Japanese yen weakened beyond 161 per dollar on Friday, falling to its lowest level since July 2024 despite renewed…
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Offshore Yuan Heads for Weekly Loss
The offshore yuan weakened to around 6.78 per dollar on Friday, putting the currency on track for a weekly loss…
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Rupee Rises to 6-Week High
The Indian rupee hovered around 94.2 per dollar, extending gains to a six-week high as improving capital flows lifted investor…
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Canadian Dollar dips as Fed hawkish outlook, weaker Oil pressure CAD
USD/CAD rises 0.21% on Thursday and trades around 1.4130 at the time of writing. The US Dollar remains supported after…
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Swiss franc weakens after SNB keeps rates unchanged
The Swiss National Bank (SNB) decided to keep its main interest rate unchanged during its June meeting. The interest rate…
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Trade of the day: GBP/AUD
Facts: The price bounced off key resistance at 1.9070 The price sits below the 100-period moving average from D1 interval…
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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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