The EUR/USD currency pair has experienced a decline in the American session on Friday, falling below 1.0900. This drop in value can be attributed to quarter-end flows that are allowing the US Dollar to find some demand. However, the risk-positive market environment is limiting the pair’s downside ahead of the.
Introduction The Australian dollar (AUD) retraced from its weekly high against the American dollar (USD) due to the latter’s recovery from weekly, monthly, and quarter-end flows. As a result, the AUD/USD is trading below its opening price by 0.43%. Meanwhile, Wall Street is set to finish the week with gains,.
Introduction: The Japanese Yen has been in high demand as concerns of financial instability continue to grow. ANZ Bank economists predict that the USD/JPY pair will gradually decrease in value, leading to an influx of safe haven buying for the Japanese Yen. In this article, we will explore the reasons.
Introduction: The Pound Sterling (GBP) has been experiencing decent losses in the mid-North American session, with the US Dollar (USD) resurgence putting pressure on its Thursday losses. As market participants await inflation data to potentially affect the US Federal Reserve (Fed) policy stance, the US Dollar continues to strengthen with.
On Thursday, the EUR/USD pair rose by 0.6% and hovered above the psychological 1.0900 level. The surge was attributed to several factors, including a boost in market sentiment, broad-based US dollar weakness, and hotter-than-expected inflation data in Germany. This upward trend is threatening to recapture this month’s high and could.
Introduction The EUR/USD currency pair has been closely watched by investors in recent days as it fluctuates in response to a variety of economic factors. At the time of writing, the pair is trading at 1.0842, having dropped from weekly highs of 1.0925. This drop has been attributed to a.
The AUD/USD pair retreated sharply after reaching over a one-week high, touching the 0.6735-0.6740 region on Friday. The spot prices then continued to drop through the first half of the European session, hitting a fresh daily low of 0.6670 in the last hour. The AUD/USD pair is a popular currency.
The US dollar has been on a rollercoaster ride in recent months as inflation concerns have weighed on investors’ minds. The latest data from the US Bureau of Economic Analysis has added to the uncertainty over the Fed’s rate-hike path, causing some intraday selling around the USD/JPY pair. The.
Société Générale, one of the leading investment banks in France, has predicted that the British pound (GBP) will gradually rise towards the 1.30 level against the US dollar (USD). According to the bank’s economists, the performance of GBP/USD will track that of EUR/GBP, which is expected to remain stable in.
Introduction The EUR/USD pair rallied on Thursday, surging by 0.6% and trading slightly above the psychological 1.0900 level. The boost in risk-on sentiment, combined with broad-based U.S. dollar weakness, contributed to the surge. Additionally, the higher-than-expected inflation data in Germany also played a significant role in the rally. The pair.
Introduction The US economy has been experiencing a surge in inflation rates in recent months, driven by factors such as supply chain disruptions, higher demand for goods, and rising energy prices. The Federal Reserve has been monitoring these developments closely, and the release of the Personal Consumption Expenditure (PCE) Price.
The AUD/USD pair has attracted fresh buying near the 0.6660 area on Thursday, gaining momentum during the early part of the European session. Buyers remained active, leading to a steady intraday ascent to a one-week high of around the 0.6820 region in the last hour. However, meaningful upside still seems.