EUR/USD came under selling pressure after testing multi-week highs near 1.0970 on Wednesday, as the US dollar rebounded slightly. The currency pair had gained traction earlier in the American session, climbing above 1.0950 following the release of private sector employment data by ADP, which showed an increase of 145K jobs.
EUR/USD has gained momentum and surpassed the 1.0950 mark during the American session on Wednesday. The rise in the currency pair comes after the ADP report showed that employment in the private sector rose by 145,000 in March, which is lower than the expected addition of 200,000 jobs. This weaker-than-expected.
The Australian dollar (AUD) ended March on a weaker note against the US dollar (USD), falling to around 0.7620 by the end of the month. This represented a modest decline from its mid-March levels of around 0.7800. The AUD has been under pressure due to several factors, including rising US.
Introduction: The USD/JPY exchange rate is currently on an upward trajectory in the European session, gaining traction as risk sentiment rebounds amid firmer European equities and positive US S&P 500 futures. This article explores the factors driving the surge in the USD/JPY exchange rate. Positive Risk Sentiment Pushes USD/JPY Higher.
The AUD/USD pair has witnessed a sharp rebound from its four-day low of around 0.6650, as it continues to build on its solid intraday recovery during the mid-European session. Spot prices have spiked to the 0.6760 area, which represents a nearly one-month high in the last hour. Bulls are making.
Introduction The Japanese yen (JPY) has recently emerged as a preferred safe-haven currency in times of economic uncertainty. With falling US yields and risk-off periods, investors are turning to the JPY to hedge against potential losses. However, economists at HSBC believe that local factors could provide support for the JPY.
The GBPUSD pair ticked higher on Monday, thanks to a surprise announcement from OPEC+ that they will be implementing further production cuts. The news sent the price of oil and the dollar sharply higher earlier in the session. OPEC+ is a group of oil-producing nations that includes the Organization of.
The EURUSD has been under pressure in the Asian session, with selling pressure denting sentiment. The primary reason for the selling pressure was the strength of the US dollar, which has been supported by recent economic data from the US. Additionally, there are concerns about a potential recession in Europe,.
The EUR/USD currency pair has been on a rollercoaster ride lately, with the pair initially hitting a low of below 1.08 in early March 2023. However, the pair has since rebounded and is currently trading at around 1.0890 as of April 3, 2023. Despite the recent rebound, economists at Scotiabank.
The Australian dollar has come under pressure in recent weeks as the US dollar has strengthened. The AUD/USD pair has fallen from around 0.80 in early February to around 0.75 in early April. The strength of the US dollar has been the main driver of this move, as the currency.
Introduction: The USD/JPY pair retreated from its two-week high, but there was a lack of follow-through selling. Softer inflation data and the risk-on environment are the key reasons behind the retreat. However, the safe-haven yen was weighed down by the risk-on environment, which lent support to the pair. This article.
The GBP/USD currency pair has been on an upward trend for the third straight week, remaining positive despite having tested 1.2400 earlier in the day. The pair has since edged lower, but the overall upbeat mood persists. Soft PCE Inflation Data Limits US Dollar Strength The recent performance of GBP/USD.