EUR/USD gains ground, but recovery remains limited
The EUR/USD pair edged higher, driven by a softer U.S. dollar as traders anticipate the Federal Reserve maintaining its current interest rate stance. Optimism surrounding potential Eurozone economic stability also supported the euro, though gains remain modest as broader market sentiment shows signs of caution. Despite the upward movement, the rally faces resistance amid lingering […]
GBP/USD recovers ground as markets tilt into risk-on sentiment
The GBP/USD pair has reversed earlier losses, rising as investor sentiment improves across global markets. The pound’s recovery comes amid a risk-on shift fueled by easing geopolitical tensions and speculation about the Federal Reserve’s future policy direction. Markets have largely shrugged off recent concerns over economic growth, focusing instead on positive signals from equities and […]
PBOC sets USD/CNY reference rate at 7.1982 vs. 7.1910 previous
The People’s Bank of China (PBOC) has set the USD/CNY reference rate at 7.1982, marking a slight increase from the previous rate of 7.1910. This adjustment reflects Beijing’s efforts to balance currency stability with the broader economic pressures stemming from global monetary tightening and domestic recovery challenges. This move comes as the yuan faces persistent […]
AUD/NZD dives to one-week low, around 1.1030 after RNBZ’s expected 50 bps rate cut
The AUD/NZD pair dropped to its lowest level in a week, trading near 1.1030, following the Reserve Bank of New Zealand’s (RBNZ) widely anticipated 50 basis points rate cut. The central bank’s decision aligns with market expectations as policymakers aim to address economic pressures, but the size of the cut still prompted a sharp reaction […]
EUR/USD flattens near 1.05 in the run-up to EU inflation figures
The EUR/USD pair held steady near the 1.05 level ahead of the release of key EU inflation data, reflecting cautious sentiment among traders. Market participants are closely watching the figures for any indications that could guide the European Central Bank’s (ECB) monetary policy decisions. The pair’s recent lack of momentum comes after a series of […]
PBOC sets USD/CNY reference rate at 7.1910 vs. 7.1918 previous
The People’s Bank of China (PBOC) set the USD/CNY reference rate at 7.1910 on Monday, slightly below the previous rate of 7.1918. This move reflects continued efforts by Chinese authorities to maintain stability in the currency amid economic uncertainty and a strengthening U.S. dollar. The slight adjustment indicates Beijing’s cautious approach to balancing domestic growth […]
Dollar Jumps, Hammering Peso to Loonie on Trump Tariff Post
The U.S. dollar surged on news of new tariffs announced by former President Donald Trump, rattling global currency markets. The peso and loonie were among the hardest-hit currencies, as traders reacted to increased trade tensions and their potential economic fallout. The greenback gained strength across the board, fueled by its safe-haven appeal during heightened uncertainty. […]
Dollar gains after Trump vows tariffs against Mexico and Canada
The dollar surged on news of former U.S. President Donald Trump’s plan to reimpose tariffs on Mexico and Canada, targeting key trade flows in North America. The proposal, announced during a policy address, reignited concerns over trade tensions and their potential impact on the U.S. economy. Investors reacted swiftly, pushing the dollar higher against major […]
NZD/USD holds positive ground above 0.5850, RBNZ rate decision in focus
The NZD/USD pair maintains its momentum above 0.5850, reflecting market optimism ahead of the Reserve Bank of New Zealand’s (RBNZ) upcoming policy decision. Traders are watching closely as the RBNZ is expected to keep rates steady, following a series of hikes aimed at controlling inflation. The pair’s performance underscores investor confidence despite global market uncertainties, […]
GBP/USD climbs to 1.2600, away from multi-month low set on Friday on weaker USD
The GBP/USD pair advanced to 1.2600 on Monday, rebounding from its multi-month low recorded last Friday. This recovery comes as the U.S. dollar softens, pressured by investor caution ahead of upcoming U.S. economic data and Federal Reserve signals. The pair’s upward momentum reflects a shift in market sentiment after last week’s selloff. Weaker U.S. dollar […]