Forex News Category

AUD Stays Above 0.6350 Amid Weak Retail Sales The Australian Dollar (AUD) recently found itself in a precarious position, as it dipped to a 10-month low. However, despite this challenging situation, the AUD/USD pair managed to maintain its stance above the crucial 0.6350 mark. This resilience came in the wake of disappointing news regarding Australia’s

AUD Holds Above Monthly Low Amid Strong Inflation Data Despite robust inflation data from Australia, the Australian Dollar (AUD) is struggling to gain ground against the US Dollar (USD), as risk aversion and falling commodity prices hinder its ascent. The AUD/USD pair is hovering perilously close to its monthly low, and the dynamics at play

AUD/USD Nears 0.6400: Focus on US Core PCE and Aussie CPI The AUD/USD pair is currently undergoing a retracement, with its value hovering around the 0.6420 mark during the Asian trading session on Monday. This pullback comes after the pair experienced some upward momentum last week, buoyed by a combination of positive Australian PMI data

USD/JPY Targets 148.50 as Bank of Japan Holds Interest Rates Steady USD/JPY rebounds from Thursday’s losses following the Bank of Japan’s decision to keep interest rates unchanged. As expected, the BoJ maintained its current rates at -0.1%. During early European trading on Friday, the spot price is hovering around 148.30. In a press conference after

USD/JPY Treads Water Below 148.00 Ahead of Fed Rate Decision As the eagerly awaited Federal Reserve (Fed) interest rate decision inches closer, the USD/JPY currency pair finds itself in a holding pattern, oscillating within the narrow range of 147.70 to 147.85 during the early European trading session on Wednesday. Presently, the pair is hovering at