Forex
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Offshore Yuan Holds Firm Near 10-Month Peak
The offshore yuan remained steady around 7.11 per dollar on Tuesday, holding firm near its highest level since early November…
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South Korean Won Weakens on Fed Tone
The South Korean won fell to around 1,394 per dollar on Tuesday, reversing gains in the previous session as markets…
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NZD/USD remains subdued near 0.5850 following PBOC rate decision
NZD/USD holds losses after the People’s Bank of China decided to leave its Loan Prime Rates unchanged. The US Dollar…
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GBP/USD Tests confluence zone around 1.3450 support
GBP/USD tests the ascending channel’s lower boundary around 1.3450. The 14-day Relative Strength Index stays below 50, reinforcing the bearish…
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USD/INR gains at open as US immigration crackdown dampens Indian Rupee
The Indian Rupee fell to near 88.40 against the US Dollar following the US announcement of a one-time fee on…
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Australian Dollar struggles as US Dollar remains stronger on cautious Fed
Australian Dollar stays weak following the remarks from RBA Governor Michele Bullock. RBA’s Bullock said the central bank will continue…
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EUR/USD weakens below 1.1750 as Eurozone Consumer Confidence and Fedspeak loom
EUR/USD extends the decline to around 1.1730 in Monday’s early European session. The Fed cut interest rates last week but…
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Japanese Yen languishes near two-week low against stronger USD
The Japanese Yen drifts lower on Monday amid the uncertainty over the BoJ rate hikes. Sustained USD buying interest turns…
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GBP/JPY sticks to intraday recovery gains above mid-199.00s amid notable JPY weakness
GBP/JPY rebounds from a two-week low touched during the Asian session on Monday. The BoJ rate hike uncertainty weighs on…
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USD/CHF refreshes weekly high around 0.7970 as US Dollar outperforms
USD/CHF extends its upside to near 0.7970 amid strength in the US Dollar. Fed’s Daly stated that the interest rate…
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