Forex
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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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Canadian Dollar receives support from higher oil prices
USD/CAD depreciates as rising crude prices provide support for the Canadian Dollar. Renewed Middle East tensions heighten oil supply risks…
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EUR/GBP Price Forecast: Holding below 0.8580 with dips limited so far
EUR/GBP eases to 0.8575 on Thursday after being rejected at the 0.8580 area. Lower oil prices and positive Eurozone data…
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New Zealand Dollar slips under safe-haven US Dollar surge
Safe-haven US Dollar gains on Middle East tensions despite Iran-Oman Strait of Hormuz shipping deal. Mixed US economic data shows…
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GBP/USD Price Forecast: Gathers strength for VCP breakout
GBP/USD edges down to near 1.3460 while investors shift their focus to the US NFP data. The US official employment…
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Australian Dollar eases from highs as the impact from Trade Balance figures fade
AUD/USD edges down from three-week lows at 0.7064 but maintains its near-term positive bias intact. Australian Trade Balance showed an…
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