Forex
The foreign exchange market is a global decentralized or over-the-counter market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.
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EUR/USD falls to near 1.1600 due to fading Fed rate cut bets
EUR/USD depreciates as the US Dollar gains on cautious Fedspeak. CME FedWatch Tool indicates pricing in a 46% chance of…
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GBP/USD weakens to near 1.3150 as BoE rate cut expectations grow on weak UK data
GBP/USD softens to around 1.3155 in Monday’s early Asian session. Weaker UK economic data has prompted the BoE to deliver…
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USD/CAD holds gains near 1.4050 due to declining Oil prices
USD/CAD gains ground as the commodity-linked Canadian Dollar weakens on lower crude Oil prices. WTI price slips after Russia’s Novorossiysk…
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Dollar Edges Higher Ahead of Data Releases
The dollar index inched above 99.3 on Monday, recovering part of last weeks losses as investors prepared for a wave…
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Aussie Dollar Weakens on Stronger Greenback
The Australian dollar weakened to around $0.652 on Monday, reversing gains from the previous week as a stronger greenback weighed…
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Yen Hovers Near 9-Month Low
The Japanese yen slipped to around 154.6 per dollar on Monday, staying close to its lowest level since February despite…
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New Zealand Dollar Weakens
The New Zealand dollar fell to around $0.565, giving back some of last week’s gains, as expectations of an imminent…
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EUR/USD drifts away from highs despite positive Eurozone data
The Euro pulled back from 1.1655 highs against the US Dollar but remains steady above 1.1600, Hawkish comments by Fed…
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UK tax U-turn triggers bond market turmoil
The UK Gilt market is under pressure this morning, and yields have surged at the open, after reports suggest that…
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USD/CHF struggles near 0.7920 even as traders trim dovish Fed bets
USD/CHF edges lower to near 0.7920 despite traders trimming Fed dovish bets. Fed officials stressed maintaining slight restrictiveness in the…
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