The Canadian dollar gained nearly 80-pip in the two consecutive session. Fresh demand in commodity prices and a subdued US performance sponsored the upside momentum in the USD/CAD pair. Lonnie remains the second best performing primary currency and is expected …
The Sterling attempts to recover amid a subdued US dollar and the anxiety ahead of key Bank of England (BOE) key policy decision. The market mood is quiet amid low volatility as the market wait for fresh trading impetus. Geopolitical …
The shared currency struggled to gain traction amid a risk-off mood. The US dollar is recovering on Tuesday as the U.S.-China tensions over Taiwan sour the market mood. Currently, the EUR/USD pair is trading at $1.0194, down 0.65% for the …
The risk-sensitive Aussie started the new session on a higher note. A weakness in the US dollar and risk-on mood set the gains in the major. The US dollar index (DXY) continues to trade lower following a less hawkish Fed …
Gold continues to ride higher for the second straight day on Thursday. The move was sponsored by the weaker US GDP data and risk aversion in the market. US GDP declined unexpectedly in Q2 amid high inflation figures, interest rate …
It has been a tale of two-week for the Swiss franc. USD/CHF fell about 200-pip since July 14 and looks further weakness. The currency appreciated to nearly 0.9600 against the US dollar. Global recessionary fears and a less hawkish Fed …
The EURO renews its weakness against the greenback. The recent relief rally took a U-turn after the buyers failed to sustain the gains beyond the 1.0250-1.0280 zone. The lack of fundamental triggers and recovery in the US dollar exerts pressure …
Amid a rise in risk appetite, ahead of the key Fed meeting, the riskier asset started the fresh week on an optimistic note. Wall Street is expected to open higher as investors braced for the US earning sessions. The European …
The British Pound recovered from the session’s lows but the upside remained capped. The latest mixed economic data weighed on the currency. However, a correction in the US dollar kept the downside limited. The S&P Global PMI released today showed …
The shared currency lost part of its two-day gains post ECB decision and political uncertainty in Italy. The currency reversed its early gains and trades below 1.0200. Despite the weakness in the US dollar, the asset is failed to sustain …
