During Thursday’s North American session, the spot price dipped below the pivotal 1.3950 level, driven by a mix of market forces. Softer-than-expected Canadian Consumer Price Index (CPI) data, combined with strong U.S. Retail Sales figures from the...
The Spot price holds firm despite intraday dips, bolstered by the Reserve Bank of Australia's (RBA) hawkish outlook. Governor Michele Bullock's remarks underscored that rate cuts are not on the horizon, reaffirming the central bank's commitment to a...
•••EUR/USD Outlook: November 21, 2024••• The EUR/USD pair is trading in a narrow range today, with buy and sell levels near 1.0536 and 1.0533, respectively. The market is showing a cautious tone, as traders await fresh economic data and geopolitical...
The Australian dollar against the US dollar experienced a brief recovery on Thursday, bouncing from recent low levels. This rebound was primarily driven by a weaker US dollar and supportive comments from Reserve Bank of Australia officials. The US...
Yen dives back to July’s lows Tough times have hit the Japanese currency. According to Bloomberg, the yen has taken a significant hit against the US dollar. For the first time since July, the dollar/yen pair crossed the 155.00 mark. This is a...
