Forex
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Japanese Yen strengthens following hawkish BoJ comments
Japanese Yen rises as BoJ’s Takata urged abandoning standard semi-annual 0.25% interest rate hikes. US Dollar struggles after August ADP…
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Indian Rupee gets supercharged by strong inflows through FCNR deposits
The Indian Rupee jumps to a fresh two-month high against the US Dollar, with USD/INR sliding to near 94.28. Robust…
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Trade of The Day – EUR/USD
Facts: Main trend remains upward from the end of June The pair bounced off the key technical support near 1.1580…
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Chart of the Day: USDJPY sees another sharp drop; the pair is already down 1.25% intraday
The USD/JPY pair saw a sharp sell-off today, falling by over 1.2 per cent and testing the day’s low at…
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Trade of The Day – EUR/USD
Facts: Euro area inflation expectations according to the ECB are lower than expected inflation according to the University of Michigan…
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Offshore Yuan Holds Decline
The offshore yuan held its decline around 6.72 per dollar on Wednesday as the US dollar strengthened amid mounting inflation…
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Canadian Dollar hits fresh two-week lows amid higher yields, Fed hiking bets
USD/CAD extends gains to the 1.3920 area from 1.3845 lows on Tuesday. Risk aversion amid higher global yields and rising…
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Indian Rupee holds onto two-month high against US Dollar
The Indian Rupee opens flat against the US Dollar on Wednesday after a strong Tuesday. Hawkish Fed bets could act…
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United States Dollar Index hold gains above 99.50 as Treasury yields hit multi-year highs
US Dollar Index rises on Fed rate hike fears as global bond selloff pushed US 10-year Treasury yields to 4.80%.…
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British Pound declines to near 1.3500 as US-Iran tensions rise
GBP/USD weakens to around 1.3500 in Wednesday’s early European session. The US launched strikes against targets in Iran, raising fears…
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