The price remains under pressure as the RBA's dovish policy stance continues to weigh on investor sentiment. In its latest monetary policy statement, the RBA expressed increased confidence that inflation is trending toward its 2%-3% annual target,...
I observe that the US dollar struggled to hold its ground against the yen, which has once again influenced the direction of all yen pairs, including USD/JPY. I note that the pair finished trading close to its previous low, which was a level many...
The British pound (GBP) experienced a reversal against the US dollar (USD) on Friday, relinquishing its earlier gains and turning negative after reaching a two-month high near 1.2680 during the North American trading session. This shift in momentum...
The EUR/USD pair experienced a decline during Friday's North American trading session, falling to approximately 1.0460. This downward movement was largely attributed to the release of the preliminary Hamburg Commerzbank (HCOB) Purchasing Managers'...
Deputy Governor of the People’s Bank of China (PBOC), reaffirmed the central bank’s commitment to maintaining the Yuan at a stable and balanced level. He highlighted plans to strengthen counter-cyclical policy adjustments and mitigate excessive...
