Forex
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South African Rand Hovers Around 16.5 per USD
The South African rand has traded around 16.5 per USD since April, amid a resilient US dollar and heightened volatility…
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Euro steadies against Canadian Dollar after paring recent losses
EUR/CAD recovers its daily losses on ECB rate hike bets. ECB policymaker Isabel Schnabel stated that monetary tightening is not…
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GBP/USD Price – Struggles to build on move beyond 1.3200 amid bearish setup
GBP/USD attracts some buyers for the second straight day amid a mildly softer US Dollar. The UK political crisis holds…
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Swiss Franc declines as Fed hike bets lift US Dollar
USD/CHF gains ground amid rising expectations of a Fed rate hike. The CME FedWatch tool shows that markets are pricing…
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EUR/USD Price – Holds above mid-1.1300s amid Hormuz risks, bearish setup
EUR/USD struggles to lure buyers on Friday as Hormuz risks support the safe-haven USD. Receding Fed rate hike bets keep…
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Australian Dollar drops to fresh lows since April vs USD amid global risk-off impulse
AUD/USD meets with a fresh supply on Friday, though the RBA’s hawkish tilt limits losses. Hormuz risks and Fed rate…
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EUR/JPY Price – Slips below 184.00 due to bearish near-term bias
EUR/JPY is bearish, trading below its nine-period and 50-period EMAs. The 14-day Relative Strength Index at 38 signals continuing downside…
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Dollar Set for Weekly Gain
The dollar index steadied around 101.5 on Friday after coming under pressure in the previous session, but remained on track…
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Yen Stays Near 40-Year Low
The Japanese yen traded around 161.7 per dollar on Friday, hovering near its weakest level since 1986 despite data showing…
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Offshore Yuan Heads for 2nd Weekly Loss
The offshore yuan weakened to around 6.80 per dollar on Friday and was on track for a second consecutive weekly…
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