Forex
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AUD/USD Price Struggles to extend rally above 0.7100
AUD/USD falls further to near 0.7050 as the Australian Dollar faces selling pressure. Financial markets seem unconvinced by the RBA’s…
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British Pound attracts bids against Japanese Yen after strong UK Q2 GDP data
The British Pound gains slightly against the Japanese Yen due to stronger-than-expected UK Q2 GDP data. UK GDP growth remained…
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Offshore Yuan Slips on Soft PBOC Fixing
The offshore yuan weakened to around 6.74 per dollar on Thursday, reversing gains from the previous session as a weaker-than-expected…
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Why is the Japanese Yen stuck near 159.25 after the first joint US-Japan intervention since 2011?
The Japanese Yen (JPY) continues to navigate complex market dynamics, consolidating near the 159.25 level against the US Dollar (USD) following a sharp upward…
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USD/JPY Nearing 160
The Japanese currency has weakened by 1% against the dollar this week. It has been two weeks since the record…
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British Pound holds steady above 1.3500 vs USD as traders eye US CPI ahead of UK GDP
GBP/USD struggles to gain any meaningful traction ahead of the key US-UK macro releases. The US CPI is due later…
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Swiss Franc weakens against US Dollar with US Inflation in focus
The Swiss Franc trades lower against the US Dollar at around 0.8125 ahead of the US CPI data for July.…
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Indian Rupee drops with India-US CPI data in focus
The Indian Rupee declines further against the US Dollar due to rising oil prices. Traffic through the Hormuz has declined…
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Chart of the Day: EURUSD Awaits US CPI. Inflation Could Determine the Fed’s Next Move
Wednesday’s EURUSD session is primarily focused on anticipation of the day’s most important release: US CPI inflation data. Today’s reading…
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Trade of The Day: AUS/USD
Facts AUDUSD has been holding above the 10-day exponential moving average (EMA10; yellow) for seven consecutive sessions. Michele Bullock, Governor…
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