Forex
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The CHF weakens as increased risk aversion boosts safe-haven US Dollar
USD/CHF gains as escalating Middle East conflict fears drive global safe-haven demand toward USD. Fed rate uncertainty emerges as rising…
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EUR weakens against USD amid Middle East tensions
EUR/USD depreciates as rising geopolitical tensions in the Strait of Hormuz disrupt global markets. Market caution rises as Iran considers…
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AUD bulls remains on the sidelines as Iran risks support USD ahead of US NFP
AUD/USD is seen consolidating on Friday as traders seem hesitant ahead of the US NFP report. Geopolitical uncertainties and Fed…
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United States Dollar Index holds steady near 100.00 as bulls await US NFP amid Iran risks
DXY preserves the previous day’s modest gains amid persistent geopolitical uncertainties. Recovering oil prices fuel inflation fears and lift Fed…
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The NZD hangs near weekly low after China’s trade data as USD bulls await NFP
NZD/USD remains depressed for the second straight day as geopolitical risks underpin the USD. Recovering oil prices revive inflation fears,…
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GBP remains weaker as UK-US yields narrow, US Dollar strengthens
Scotiabank analysts warn that narrowing UK-US yield spreads are weakening fundamental support for the British pound. Rising oil prices revive…
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AUD holds losses against Japanese Yen following China’s Trade Balance data
AUD weakens on safe-haven shift due to geopolitical tensions in the Strait of Hormuz. China’s Trade Balance beat expectations, though…
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Mexican Peso Gains After Banxico Meeting
The Mexican peso strengthened to 17.21 per USD from the near four-month low of 17.60 reached on July 24th after…
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Japan Forex Reserves Hit 16-Month Low
Japan’s foreign reserves fell by USD 0.38 billion to a sixteen-month low of USD 1.287 trillion at the end of…
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Offshore Yuan Holds Firm at Multi-Year High
The offshore yuan held firm around 6.74 per dollar on Friday, remaining at its strongest level since early February 2023,…
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