NZD/USD jumps to an eight-month high of over 0.6250 ahead of US GDP data release
NZD/USD is gaining strength in early Asian trading on Thursday, trading around 0.6280, up 0.57% on the day. New Zealand’s business confidence is rising to its highest level in a decade, giving the kiwi a boost, according to a recent…
USD/CAD holds position above 1.3500 near five-month low
USD/CAD is struggling to hold its position after recovering from a five-month low of 1.3498 recorded on Monday. The US dollar lost value due to Fed Chairman Powell’s dovish speech at the Jackson Hole Symposium. The commodity-dependent CAD could rise…
USD/CAD weakens near 1.3500 as Fed chief Powell signals rate cut for September
USD/CAD remains on the defensive at 1.3510 in Monday’s Asian session. Powell’s dovish speech in Jackson Hole weighs on the US dollar. Canadian retail sales fell 0.3% MoM in June (vs. -0.8%), in line with market sentiment. The USD/CAD pair…
EUR/USD rises to almost 1.1200 due to dovish Fed chief Powell
EUR/USD gains ground on rising expectations of a Fed rate cut in September. Fed Chairman Powell said at the Jackson Hole Symposium: “It is time to adjust policy.” ECB official Olli Rehn said the recent moderation in inflation strengthened the…
Maintains position at 0.6750 with a short-term uptrend
The AUD/USD price could continue to rise due to a short-term uptrend. A 9-day EMA has crossed above the 50-day EMA, suggesting that price momentum is outpacing the longer-term trend. The pair could explore the region around its seven-month high…
EUR/USD rises to near yearly high below 1.1050 on concrete prospects of Fed rate cut
EUR/USD rose slightly to a yearly high of 1.1040 in the early European session on Monday. Dovish comments from the Fed and higher bets on a Fed rate cut in September continue to weaken the USD and lift EUR/USD. The…
USD/CHF falls to almost 0.8650 due to dovish Fed and rising geopolitical tensions
The USD/CHF pair is extending losses as traders expect the Fed to begin cutting interest rates in September. San Francisco Fed President Mary Daly stressed that the U.S. central bank should gradually lower interest rates. Due to increasing geopolitical tensions…
Euro defines short-term range before next breakout
EUR/USD continues its sideways move above 1.0900 on Friday. The euro must break out of the 1.0900-1.0940 range to determine the next direction. The economic calendar does not contain any publications of important dates. EUR/USD closed almost unchanged for the…
USD/CAD recovers to nearly 1.3750 ahead of Canadian employment data
USD/CAD rose slightly to near 1.3740 in early Asian trading on Friday. The recovery of the US dollar is supported by the positive initial claims in the US last week. On Friday, Canadian employment data will be in focus. The…
USD/CAD extends downtrend at 1.3750, US initial jobless claims and geopolitical risks in sight
USD/CAD is trading weaker at around 1.3755 in the early Asian session on Thursday. The Governing Council saw a risk that consumer spending could be significantly weaker than expected in 2025 and 2026. Traders will be watching the weekly initial…
