Introduction The Taiwan Dollar (TWD) experienced a 0.3% slide against major currencies in the foreign exchange market, raising concerns among investors and policymakers. This news article delves into the reasons behind the decline, its impact on Taiwan’s economy, and the potential implications on trade, investment, and overall economic stability. Economic
The EUR/USD currency pair has experienced a rebound above the crucial 1.1000 level after reaching a low of 1.0944 on Friday. The market has been closely following the movements of the pair, which is expected to be driven primarily by the performance of the US dollar in the days ahead.
The GBP/USD currency pair has been a focal point in the forex market as it underwent a series of ups and downs, driven by a mix of economic data and USD strength. The pair started the week with gains following upbeat UK retail sales data, but these gains were later
The AUD/USD currency pair continues to remain in the spotlight as it faces crucial support levels amidst ongoing bearish price action. Traders and investors are closely watching the point of control near 0.6680, with bullish sentiment hoping for a potential reversal in the currency pair’s trajectory. As per prior analysis,
Gold prices, represented by the XAU/USD currency pair, have faced a minor setback as they traded near the 100-day Simple Moving Average (SMA) at $1,962, recording a marginal 0.30% decline by the end of the week. Despite this dip, the precious metal still managed to secure weekly gains for the
The USD/JPY currency pair, one of the most closely watched pairs in the forex market, has been under the spotlight as traders eagerly await the outcome of the Bank of Japan’s (BoJ) key yield control policy decision. The BoJ’s decision is reportedly leaning towards no changes, which has weakened the
The EUR/GBP currency pair has encountered a hurdle in its recent uptrend, failing to decisively break above significant resistance levels after reaching a two-month high at 0.8700. As the cross navigates the technical landscape, traders remain cautious, monitoring key support and resistance levels that may influence its future trajectory. As
The GBP/JPY currency pair has demonstrated resilience and embarked on a noteworthy rebound, trading near the 181.80 level, after facing initial weekly losses. This upward momentum can be attributed to the rise in British yields, which has garnered the attention of investors seeking opportunities in the foreign exchange market. One
The EUR/USD currency pair has experienced a significant rally in recent trading sessions, with the euro surging to new highs against the US dollar. This surge has caught the attention of traders and investors, as the US dollar struggles to maintain its strength in the face of certain market dynamics.
The US Dollar Index (DXY), which measures the performance of the US Dollar (USD) against a basket of six major currencies, has managed to bounce back from a 15-month low. After reaching a fresh low of 99.578, the index has shown signs of recovery, currently posting gains of 0.18%. However,
After a week of intense activity across financial markets, volatility remains a prevalent theme, with market participants eagerly anticipating the release of key economic data and the upcoming Federal Open Market Committee (FOMC) meetings. As the Federal Reserve enters its blackout period ahead of the highly anticipated July 25-26 meeting,
Introduction In recent economic news, the South Korean won has seen a significant boost, rising by 0.3% in response to various factors impacting global markets. This development has sparked interest among investors and traders, who are seeking to understand the drivers behind the currency’s strengthened position. In this article, we