The EUR/USD pair remains under mild selling pressure, trading around 1.1565 during Monday’s early European session. The pair continues to face headwinds as the US Dollar (USD) gains ground amid optimism that…
Category: Forex News
TRY Struggles as Inflation Remains Stubborn – Commerzbank
The Turkish Lira (TRY) remained under pressure after October’s Consumer Price Index (CPI) data showed only a marginal easing, with annual inflation at 32.9%. However, the month-on-month increase of 2.3% in the…
USD/CNH Could Test 7.1370 Amid Mild Upward Momentum – UOB Group
The US Dollar (USD) is showing mild upward pressure against the Chinese Yuan (CNH), with the potential to test the 7.1370 level, according to FX analysts Quek Ser Leang and Peter Chia…
USD/JPY Retreats to 153.25 as Yen Gains on Intervention Warning
The US Dollar (USD) weakened against the Japanese Yen (JPY) on Tuesday, retreating from the 154.45 resistance level to test support around 153.25. Bulls had previously been capped at this level on…
AUD/USD Slips Toward 0.6500 as RBA Holds Rates Steady
The Australian Dollar (AUD) fell sharply on Tuesday, sliding to near 0.6500 against the US Dollar (USD) following the Reserve Bank of Australia’s (RBA) monetary policy decision. The AUD/USD pair touched a…
Pound Slides as UK Faces Higher Borrowing Costs, Traders Eye BoE Policy
The Pound Sterling (GBP) weakened further on Tuesday, sliding toward 1.3070 against the US Dollar (USD), as traders grew cautious over potential tax hikes and the UK’s fiscal outlook. Investors are reacting…
NZD/USD Eyes 0.5670 Amid Mild Downward Pressure – OCBC
The New Zealand Dollar (NZD) remains under mild downward pressure and could potentially test the 0.5670 level next, according to FX analysts Quek Ser Leang and Peter Chia from UOB Group. 24-Hour…
GBP/USD Falls to April Lows Amid Budget Concerns – BBH
GBP/USD dropped to its lowest level since April, as UK Chancellor Rachel Reeves signaled upcoming tax increases in the Autumn Budget, potentially creating room for further Bank of England (BoE) easing, according…
AUD/USD: Likely to Trade in a Narrow Range – UOB Group
The Australian Dollar (AUD) is expected to trade within a range of 0.6505 to 0.6610, according to FX analysts Quek Ser Leang and Peter Chia from UOB Group. 24-Hour Outlook UOB notes…
DXY Supported by Funding Premium and Divisive Fed – OCBC
The US Dollar (USD) continued to drift higher, influenced by a divided Federal Reserve, according to OCBC FX analysts Frances Cheung and Christopher Wong. The US Dollar Index (DXY) last traded around…