Introduction The USD/JPY currency pair fell sharply on Monday, dropping to its lowest level since February. This move came amid renewed selling pressure and a prevalent risk-off environment, which boosted the Japanese yen’s safe-haven status. While the US dollar saw some modest strength, the fundamental backdrop still favors bears, and.
The GBP/USD pair has been on an upward trend, reaching its highest level since February 14, but has struggled to sustain its momentum in the face of a risk-off environment and cautious sentiment among traders. The pair rose to a high of 1.3991 on Monday, but lacked follow-through buying, as.
Introduction: Danske Bank economists have maintained their bearish view on the EUR/USD currency pair and continue to forecast a lower exchange rate in the next six-to-twelve months. The bank’s economists cite tighter financial conditions as the main reason for their forecast. In this article, we will explore the reasons behind.
Introduction The EUR/USD currency pair has been in a tug of war recently, with various factors affecting its movement. Despite the greenback starting the week on the back foot and positive news in Germany’s Producer Prices, the EUR/USD struggles to break through the 1.0700 zone. In this article, we.
The AUD/USD continues to struggle to find acceptance above the 0.6700 mark on Friday. The Australian dollar is facing headwinds due to the risk-off sentiment, which has revived demand for the safe-haven US dollar. The risk-off sentiment is fueled by concerns over the global economic outlook. The ongoing coronavirus outbreak.
The Japanese Yen has been gaining momentum in the forex market as US yields and Wall Street futures drop. This comes as the USD/JPY heads for the third weekly loss in a row, and to the lowest daily close in a month. One of the factors contributing to the rise.
Introduction: The GBP/USD pair is trading in positive territory around 1.2150 as the US Dollar stays on the back foot. The pair is on track to post weekly gains despite the ongoing uncertainties surrounding Brexit and the COVID-19 pandemic. In this article, we will explore the factors behind the recent.
The EUR/USD has extended its rebound above 1.0600, climbing to 2-day highs near 1.0670 following Thursday’s positive price action. The pair has been supported by a weaker US dollar, which has been under pressure due to concerns over the impact of the coronavirus outbreak on the US economy. The rebound.
The EUR/USD gave away part of its initial bull run, dropping to 1.0670 after a strong start to the day. The euro had initially been supported by the EMU Final Inflation Rate, which rose 0.9% MoM and 8.5% YoY in February. However, the pair struggled to maintain its momentum as.
Introduction: The AUD/USD pair has been on the rise, scaling higher for the second straight day and reaching a nearly two-week high. The move comes as the US dollar weakens on the back of expectations for a less hawkish Fed. However, despite this bullish sentiment, there are concerns that a.
Introduction: The USD/JPY pair is under pressure on Friday as a combination of factors prompts fresh selling. Expectations for a less hawkish Fed and sliding US bond yields are weighing on the buck, while banking crisis woes are benefiting the safe-haven JPY. However, the BoJ’s dovish outlook could cap gains.
Introduction: The GBP/USD pair has been making gains over the past few days, albeit with a lack of follow-through. The currency pair has been pushed higher due to bets for less aggressive Fed rate hikes, which continue to weigh on the USD. However, concerns over the banking crisis and expectations.