Forex News Category

AUD/USD Gains Momentum Above 0.6800 Amid Weakening USD The AUD/USD currency pair demonstrated considerable strength during Thursday’s Asian trading session, surpassing the key 0.6800 level. This significant surge was largely driven by a weakening US Dollar, pushing the major pair to trade around 0.6807, marking a day’s gain of 0.75%. This movement exhibits the dynamic

USD/CHF Dips, Stays Above 0.8600 Pre-FOMC Today, the USD/CHF currency pair is again experiencing a downward trend, marking a second consecutive day of decline. Following an intraday uptick to the 0.8655 region, the pair has seen fresh selling activity and drifted into negative territory. During the early European session, spot prices fell to a new

AUD/USD Holds Firm to Robust Intraday Advances, Nears Daily Peak at Approximately 0.6770-75 Range The Australian Dollar (AUD) against the US Dollar (USD) pair, also known as AUD/USD, has been exhibiting strong intraday gains during the early European trading session on Tuesday. For the second consecutive day, it continues to experience fresh buying interest around

Dollar Bearish Bets Reach Unprecedented High as Asset Managers Anticipate Slower US Inflation and Potential Fed Policy Shift In a bold display of confidence, asset managers have aggressively increased their bearish bets on the dollar, reaching a historic peak. This surge in pessimistic sentiment comes amid growing speculation that the Federal Reserve’s prolonged tightening of

Sterling Rises with Upbeat Retail Sales The Pound Sterling (GBP) is gaining strength following the release of upbeat United Kingdom Retail Sales data. Consumer spending growth in June exceeded expectations, with Monthly Retail Sales expanding by 0.7% compared to the anticipated 0.2%. Additionally, annual consumer spending data contracted by 1.0%, surpassing the consensus of -1.5%.