Japanese Yen steady against USD; downside risks appear contained
The Japanese Yen (JPY) trades in a narrow range against the US Dollar (USD) during Wednesday’s Asian session, reflecting mixed fundamental signals. While political uncertainty in Japan and buoyant equity markets weigh on the safe-haven JPY, expectations of further Bank of Japan (BoJ) tightening and dovish Federal Reserve (Fed) prospects help cushion losses, limiting upside […]
US Dollar Index steadies above 98.00 as ISM Services PMI looms
The US Dollar Index (DXY), which tracks the performance of the greenback against six major peers, is consolidating near 98.20 during Thursday’s Asian session after slipping in the previous day’s trade. The Dollar is finding support ahead of fresh US labor market data that could influence the Federal Reserve’s policy outlook. Traders await the ADP […]
GBP/USD slips below 1.3450 ahead of US ISM Services PMI release
The GBP/USD pair extended its decline to around 1.3430 during Asian trading hours on Thursday, with the Pound Sterling (GBP) under pressure against the US Dollar (USD) amid renewed concerns over the UK’s fiscal outlook. Later in the day, focus will shift to key US data releases, including weekly Initial Jobless Claims, the ADP Employment […]
Pound Sterling Steadies Near 1.3400 Ahead of US PMI and Labor Data
Pound Sterling Steadies Near 1.3400 Ahead of US PMI and Labor Data The Pound Sterling (GBP) remains in a tight range around the key resistance level of 1.3400 against the US Dollar (USD) during Tuesday’s London session. Investors are holding back as they await critical US labor market data, which could provide insight into the […]