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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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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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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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USD/CHF Poised to extend gains beyond 0.8100 amid bullish setup
USD/CHF regains positive traction and snaps a two-day losing streak amid a modest USD uptick. The formation of an ascending…
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RBI leaves the Repo Rate unchanged at 5.25% in August, as expected
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) announced on Wednesday that it held the benchmark Repo Rate…
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USD/JPY Price – 200-day SMA caps rebound after intervention-led selloff
USD/JPY edges higher as the Japanese Yen gives back part of its intervention-led gains. The pair has slipped below all…
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Canadian Dollar hangs near one-week low as weak oil prices counter USD downtick
USD/CAD attracts buyers for the fourth straight day, though it lacks follow-through amid mixed cues. Sliding oil prices undermine the…
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