US Dollar Index Holds Above 98.00 Ahead of Fed Minutes
The US Dollar Index (DXY), which tracks the greenback against a basket of six major currencies, strengthened during Wednesday’s Asian session, trading near 98.30. The move comes as fading expectations of aggressive Federal Reserve (Fed) policy easing—following a stronger US wholesale inflation print—lend support to the currency. Earlier this month, weaker US employment data and […]
Australian Dollar slips as US Dollar firms on geopolitical optimism
The Australian Dollar (AUD) extends its decline for a second straight session on Tuesday, with AUD/USD trading lower despite an improvement in domestic sentiment data. Westpac Consumer Confidence surged 5.7% in August to 98.5, its highest level since February 2022, after a modest 0.6% rise in July. The lift comes as the Reserve Bank of […]
GBP/USD edges lower toward 1.3500 as Fed cut bets ease
The GBP/USD pair trades on a softer note near the 1.3500 mark during Tuesday’s early European session. The US Dollar (USD) gains modestly against the Pound Sterling (GBP) as traders scale back expectations of a Federal Reserve (Fed) rate cut at the September 16–17 policy meeting. Attention now shifts to the UK’s July Consumer Price […]
GBP/USD Holds Near 1.3500 as Fed Rate Cut Bets Strengthen
GBP/USD traded steadily around 1.3500 in Wednesday’s Asian session, building on a 0.5% gain from the previous day. The pair extended its advance as the US Dollar weakened following softer-than-expected US inflation data, fueling expectations for a Federal Reserve rate cut in September. US CPI rose 2.7% year-on-year in July, matching June’s pace but falling […]
Gold Price Trims Losses but Stays Below $3,400 as Safe-Haven Demand Eases
Gold (XAU/USD) is paring back intraday losses on Friday but remains subdued below the $3,400 mark after briefly touching a two-week high earlier in the day. A modest rebound in the US Dollar (USD), along with improving global risk sentiment, has triggered some profit-taking following gold’s recent upward run. Still, several underlying factors continue to […]
EUR/USD Holds Near 1.1650 as Fed Rate Cut Bets Rise and ECB Maintains Policy Pause
The EUR/USD pair remains steady around the 1.1660 mark in Friday’s Asian session, following three consecutive days of gains. The Euro could see further upside as the US Dollar (USD) weakens amid growing expectations of a Federal Reserve rate cut in September. According to the CME FedWatch tool, markets now price in a 93% chance […]
EUR/USD Extends Rally as Dollar Weakens and Ukraine Peace Hopes Rise
The EUR/USD pair continued its upward momentum for a third straight session on Thursday, buoyed by renewed hopes of a Ukraine peace deal and a weakening US Dollar. Despite disappointing German economic data, the euro remained strong, supported by diplomatic developments and speculation around upcoming changes at the Federal Reserve. The euro climbed steadily from […]
Gold Pulls Back from Two-Week High as Risk Sentiment Improves
Gold (XAU/USD) extended its intraday losses during the Asian session on Wednesday, retreating from a near two-week high reached on Tuesday. The decline halts a four-day winning streak as improved risk appetite in equity markets weighs on the safe-haven asset, despite a lack of fresh bearish triggers. Recent weak US economic data continues to support […]
Australian Dollar Slips Despite China’s Stronger Services PMI in July
The Australian Dollar (AUD) weakened for a second straight session on Tuesday, despite upbeat PMI data from both Australia and China. The AUD/USD pair lost ground as the US Dollar (USD) held firm amid shifting global trade dynamics and monetary policy expectations. Australia’s S&P Global Composite PMI rose to 53.8 in July from 51.6 in […]
GBP/USD Steady Above 1.3250 Ahead of US ISM Services PMI Data
The GBP/USD pair is trading flat around 1.3280 during Tuesday’s Asian session, as market participants await the release of the US ISM Services PMI later in the day. However, increasing expectations of Federal Reserve (Fed) rate cuts could put downward pressure on the US Dollar (USD) against the Pound Sterling. Weaker-than-expected US job data released […]
Gold Pulls Back from One-Week High as Dollar Rebounds; Fed September Rate Cut Bets Provide Support
Gold prices (XAU/USD) slipped from the $3,369 mark—a level last seen over a week ago—during Monday’s Asian session, pausing a steady recovery from last week’s one-month low. The retreat comes as the US Dollar regains modest footing at the start of the week, supported by a small rebound in Treasury yields. This limited appetite for […]
EUR/USD Holds Firm Near 1.1570 as US Dollar Weakens on Data Credibility Concerns
The EUR/USD pair is holding steady near 1.1570 in Monday’s late Asian session, extending Friday’s gains as the US Dollar remains under pressure amid doubts over the reliability of official economic data. The US Dollar Index (DXY), which measures the Greenback against six major currencies, is trading cautiously around 98.70. Market sentiment toward the dollar […]
EUR/USD Holds Above 1.1400 Ahead of Key Eurozone and US Economic Data
The EUR/USD pair finds modest support near the 1.1400 level during Thursday’s Asian session, as the US Dollar (USD) pauses its rally following a five-day winning streak. The pair shows signs of stability as traders take a cautious approach ahead of major economic releases from both the Eurozone and the United States. The US Dollar […]
US Dollar Index slips below 99.00 ahead of key Fed policy decision
The US Dollar Index (DXY), which tracks the greenback against a basket of six major currencies, is trading around 98.80 during Wednesday’s Asian session, snapping a four-day winning streak. Investors are exercising caution ahead of the US Federal Reserve’s (Fed) interest rate decision later in the North American session. Markets widely expect the Fed to […]
GBP/USD steadies near 1.3350 as USD softens ahead of Fed rate decision
GBP/USD is trading slightly higher around 1.3360 during Wednesday’s Asian session after four consecutive days of losses. The pair is supported by a weaker US Dollar (USD) as markets await the US Federal Reserve’s (Fed) interest rate announcement later in the North American session. The Fed is widely expected to keep its benchmark rate unchanged […]
EUR/USD Struggles Below 1.1600 as US-EU Trade Deal Favors US Interests
The EUR/USD pair remains subdued in early Asian trading on Tuesday, hovering near 1.1590 after dropping over 1% in the previous session. The decline comes amid renewed US Dollar (USD) strength, fueled by optimism surrounding a new trade agreement between the United States and the European Union. Over the weekend, the US and EU reached […]
Gold Price Trades Sideways Near Multi-Week Low Amid Caution Ahead of FOMC Decision
Gold (XAU/USD) continues its consolidation phase during Tuesday’s Asian session, trading near the three-week low reached on Monday. The precious metal remains rangebound as markets adopt a cautious stance ahead of the two-day Federal Open Market Committee (FOMC) meeting starting later today. Meanwhile, the US Dollar (USD) has paused its recent rally, offering some support […]
Australian Dollar Extends Losses Amid Cautious Market Tone; Focus Shifts to Key Data and Trade Talks
The Australian Dollar (AUD) continued its downward trend against the US Dollar (USD) on Monday, marking a third straight session of losses. However, AUD/USD saw a brief uptick following the announcement of a new trade agreement between the United States and the European Union (EU). Market participants are closely monitoring the scheduled meeting between US […]