The pair plummeted during the European session on Tuesday, reaching a low of 0.6580. This decline occurred despite a recent period of resilience following disappointing economic data. While Australian retail sales stagnated in July and expectations...
The spot price started the week just above the 1.2830 mark, but a lackluster intraday performance saw the pair fall back below this key level, closing the day lower. This reversal in price action came after cautious comments from Federal Reserve...
The catalyst behind the USD’s strength is stronger-than-expected US producer inflation data, which raises concerns about persistent inflationary pressures in the economy. While this may influence market sentiment, it is unlikely to shift...
The EUR/USD currency pair has been facing downward pressure recently, and that trend may continue as market participants prepare for upcoming developments. One of the main factors influencing this is the anticipated policy decision from the European...
Megan Greene, a member of the Bank of England’s Monetary Policy Committee, recently emphasized the importance of gradually reducing interest rates as a means to balance economic stability with growth. When discussing inflation, Greene noted that key...
