Forex News Category

USD/CHF Remains Strong Above 0.9150 Amid Middle East Tensions During the early European trading hours on Monday, the USD/CHF pair demonstrated strength, trading near the 0.9150 mark. This positive momentum comes as investors anticipate the US Federal Reserve’s (Fed) potential interest rate cuts starting from their September meeting. The prevailing expectation of easing monetary policy

USD/CAD Dips Below 1.3650 Ahead of FOMC Minutes The USD/CAD currency pair declined to 1.3640 as the U.S. Dollar experienced a period of consolidation during the early European session on Wednesday. Despite softer Canadian Consumer Price Index (CPI) inflation figures, which might suggest an upcoming interest rate cut by the Bank of Canada (BoC), the

GBP/USD Nears 1.2700 on 2024 Fed Rate Cut Hopes The GBP/USD pair extended its gains for the second consecutive session, trading around 1.2710 during Asian hours on Monday. This upward movement was largely supported by a weaker US Dollar (USD). April data indicated that US consumer inflation had slowed to 0.3%, which has raised expectations

USD/JPY Nears 156.00 Amid Unchanged BoJ Bond Purchases During the Asian trading session on Friday, the USD/JPY pair climbed to a high of 155.90 as the Japanese Yen faced increased downward pressure. This market movement coincided with the Bank of Japan’s (BoJ) decision to maintain its current level of bond purchases, diverging from market expectations

USD/CHF Continues to Slide, Approaching 0.9050 Ahead of US Inflation Data Release USD/CHF edges lower for the second consecutive session, trading around 0.9060 during the Asian hours on Wednesday. The decline of the USD/CHF pair can be attributed to the weaker US Dollar (USD), as investors shrugged off the higher-than-expected US Producer Price Index (PPI)