The EUR/USD pair extended its decline and traded near 1.1620 in Wednesday’s Asian session, as political uncertainty in France weighed on the Euro. The common belief is that the joint currency was placed under greater strain after the French Prime Minister Sebastien Lecornu resigned on Monday, casting doubt on financial turmoil and possible delays to […]
The EUR/USD pair extended its retracement and traded around 1.1720 in Monday’s early Asian trading, after posting modest gains in the previous session. It is believed that the pair’s pullback comes as market participants weigh the shifting outlook for US monetary policy amid growing expectations that the Federal Reserve (Fed) will pivot toward rate cuts […]
The GBP/USD pair edged higher and traded around 1.3435 in Friday’s Asian trading. The slight improvement in the pair is believed to have come as the US dollar is sold off again under the increased worries about the US labour market and the extended government shutdown. Market commentators point out that due to the delay in […]
The EUR/USD pair advanced modestly and traded near 1.1735 in Thursday’s Asian trading hours, as renewed pressure on the US. The US dollar is thought to have been a drag on sentiment. The partial US government shut down that started Wednesday after a congressional funding stalemate has increased investor insecurity. Market commentators point out that the disruption […]
The GBP dropped a bit against the USD, with the GBP/USD pair trading around 1.3450 in the Asian session on Thursday. Marketers noted that this decline happened as the Dollar started experiencing a modest recovery. Investors are now awaiting new economic data results, specifically, the preliminary Purchasing Managers Index (PMI) reports of August in the […]
The British Pound (GBP) continued to decline against the US Dollar (USD) for the third day in a row, marking its fourth fall in the last five days. In the Asian market on Wednesday, the GBP/USD pair reached its lowest level in over a week, around 1.3500. Commentators point out that this aligns with ongoing […]
EUR/GBP Hovers Ahead of BoE Rate Decision EUR/GBP traded near 0.8710, as investors await the Bank of England (BoE) interest rate decision on Thursday. Traders remain optimistic that the BoE will lower interest rates during its August meeting on Thursday, given a series of weaker UK economic indicators and signs of a pause due to […]
GBP/JPY Tumbles as BoJ Holds Rates Steady GBP/JPY weakened near 198.44, following the Bank of Japan (BoJ) decision to keep the short-term interest rate target unchanged in the range of 0.40%–0.50% at its July meeting, matching the broader market sentiment. During the post-meeting press conference, BoJ Governor Kazuo Ueda minimised inflation risks and indicated no […]
This week, major central banks, including the Bank of Japan (BoJ), the Federal Reserve (Fed), the Swiss National Bank (SNB), and the Bank of England (BoE), are scheduled to announce their monetary policy outlooks and interest rate decisions. Ongoing uncertainty, particularly following President Trump’s imposition of “Liberation Day” tariffs, alongside the continued escalation of geopolitical […]
GBP/USD edged lower near 1.3544 as investors await the monthly Gross Domestic Product (GDP) for April and the US Producer Price Index (PPI) report. Wednesday’s Consumer Price Index (CPI) rose to 2.4% yearly in May, up from 2.3% and well below the expected 2.5%. The core CPI, which excludes volatile food and energy prices, rose […]
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