The spot prices remained constrained at $2,720 as the US Dollar (USD) and bond yields saw an uptick during Friday’s North American session. Investors are seeking clearer signals regarding the likelihood of a U.S. recession, while also awaiting more...
The EUR/GBP pair fell to a fresh low of 0.8295 on Friday, as the British pound gained strength against the euro. This was primarily driven by stronger-than-expected UK retail sales data, which suggested that the Bank of England (BoE) may not need to...
Softening US market data suggests that the Federal Reserve (Fed) may take a less aggressive approach to future rate hikes, which could weaken the US Dollar (USD). According to the CME FedWatch Tool, the odds of a 25 basis point (bps) rate cut at the...
The USD/CHF exchange rate stabilized near its highest level in eight weeks at 0.8670 during London dealings on Friday. The Swiss franc maintained its stability as traders ruled out a 50 basis point interest rate cut by the Federal Reserve at its...
The euro-dollar exchange rate continued its downward trend during the Asian morning on Thursday, reaching around 1.0850. The strengthening US dollar has put pressure on major currencies, including the euro. Investors are closely watching the...