USD/CAD recovers some lost ground to near 1.4350 on Trump and Trudeau reports
The USD/CAD pair has rebounded to hover around 1.4350 after recent declines, driven by reports involving former U.S. President Donald Trump and Canadian Prime Minister Justin Trudeau. Market sentiment shifted following speculation about geopolitical tensions and trade-related discussions between the two nations, prompting a partial recovery for the pair. Investors are closely monitoring developments, as […]
GBP/USD extends into a two-day win streak as Pound recovers
The GBP/USD pair climbed for a second consecutive session, signaling a recovery for the British Pound against the US Dollar. This rebound comes as the UK currency capitalizes on improved sentiment, shrugging off recent economic concerns. The pair traded higher, supported by weaker dollar momentum and growing optimism surrounding the UK’s fiscal outlook. Investors are […]
AUD/USD Price Forecast: Rebounds from two-year lows amidst US tariff speculation
The AUD/USD has staged a recovery after hitting two-year lows, as speculation around potential US tariff adjustments added uncertainty to global markets. The Australian dollar, often considered a barometer for risk sentiment, saw renewed interest amid hints that the US may reassess existing trade policies, sparking cautious optimism among investors. This development follows a period […]
Canadian PM Justin Trudeau is likely to announce resignation – Reuters
Canadian Prime Minister Justin Trudeau is reportedly preparing to announce his resignation, according to sources cited by Reuters. While official confirmation remains pending, the news has sparked widespread speculation about the future of Canadian politics under his Liberal Party leadership. Trudeau, who has served as prime minister since 2015, has faced increasing challenges in recent […]
NZD/USD posts modest gains near 0.5650 on Trump tariff confusion
The NZD/USD pair gained modestly to trade near 0.5650 as markets digested mixed signals regarding U.S. tariff policies under President Donald Trump. Initial reports hinted at potential tariff reductions to ease inflation pressures, spurring risk-on sentiment. However, subsequent clarifications from U.S. officials dampened optimism, leaving traders uncertain about the administration’s direction. The currency pair’s rise […]
USD/JPY roils as markets look for signs of rate moves
The USD/JPY pair slipped on Monday as traders digested fresh signals from central banks, fueling speculation over potential rate adjustments in the U.S. and Japan. The yen, which has been under pressure for months, found brief support as investors recalibrated their expectations for the Bank of Japan’s monetary policy stance amid heightened volatility in global […]
PBOC sets USD/CNY reference rate at 7.1876 vs. 7.1878 previous
The People’s Bank of China (PBOC) has set the USD/CNY reference rate at 7.1876, a marginal adjustment from the previous rate of 7.1878. This marks a slight shift in the central bank’s approach as it continues to balance market stability with economic growth pressures. The move comes amid broader economic challenges, including weaker-than-expected recovery signals […]
Dollar holds near two-year high; yuan under threat
The U.S. dollar held close to a two-year high on Tuesday, bolstered by persistent demand as investors seek refuge from global economic uncertainties. Strengthened by the Federal Reserve’s hawkish stance and robust economic data, the greenback continues to dominate the currency market, placing pressure on its rivals. The Chinese yuan, meanwhile, faces mounting challenges as […]
EUR/USD remains subdued around 1.0300 ahead of preliminary German inflation
The EUR/USD pair continues to trade near the 1.0300 level as investors await Germany’s preliminary inflation data. Market participants are cautious, weighing the potential implications for the broader eurozone economy and monetary policy. Analysts expect the data to offer key insights into inflationary pressures, a focal point for the European Central Bank’s policy path. The […]
Fed’s Daly: Inflation remains above our target
Federal Reserve Bank of San Francisco President Mary Daly stated that inflation remains above the central bank’s target, emphasizing the ongoing challenge of achieving price stability. Speaking on recent economic data, Daly underlined the Fed’s commitment to controlling inflation while avoiding unnecessary disruptions to economic growth. Daly pointed out that while inflation has moderated, it […]
