EUR/USD is strengthening and appears on track to test its July peak at 1.1829, supported by solid Eurozone data and a stable policy stance from the European Central Bank (ECB), according to…
Category: Forex News
USD/CNH: Decline Likely to Be Gradual – UOB Group
According to UOB Group’s FX analysts Quek Ser Leang and Peter Chia, there is room for the US Dollar (USD) to slip below the 7.1100 level against the Chinese Yuan (CNH), but…
Commerzbank: Tougher US Sanctions on Russia Unlikely for Now
According to Commerzbank commodity analyst Carsten Fritsch, there’s only a slim chance that the US will impose stricter sanctions on Russia anytime soon. To significantly reduce Russian oil revenues, key buyers would…