Forex News Category

Ahead of Significant Data Releases, US Dollar Continues its Rally The US Dollar (USD) is maintaining its strength against other currencies as it continues to rebound. The US Dollar Index remains near two-week highs around 103.00 after a surge on Wednesday. Today, the European Commission will release June’s business and consumer sentiment data during the

Anticipation Grows for Possible FX Intervention to Support Japanese Yen The Japanese Yen has faced a considerable amount of pressure recently, depreciating by 3.5% against the US Dollar and by over 5.6% against the Euro since the start of the month. The EURJPY pair has ascended to its highest point since September 2008, while the

EUR/USD Remained Steady Amid Market Uncertainty The risk-off sentiment that dominated Friday’s market carried over into the European trading week, influenced by recent Russian unrest and a decline in German business sentiment. This decline was anticipated following last week’s disappointing German PMI. Risk sentiment turned more neutral during US trading hours, with US Treasuries giving

USD/CHF: Bears target mid-0.8900s as USD pulls back before inflation hints During Monday’s European trading session, the USD/CHF currency pair is witnessing a downward trend, hovering around 0.8950, marking its first daily decrease in three days. This decline is primarily fueled by the US Dollar’s broad retreat and cautiously optimistic market sentiment. The US Dollar

Yen Traders Monitor Verbal Intervention Possibilities as Weakness Persists Tokyo’s foreign exchange (FX) traders are keeping a close eye on official statements as the Japanese yen (JPY) continues to weaken, nearing levels that prompted government intervention last year to support the currency. On Friday, the yen traded beyond 143 per dollar, falling nearly 1% from