Stronger US labor market data keeps EUR/USD steady near 1.1620-1.1650 as short-term rates hold firm. EUR/USD traded in a tight 1.1620–1.1650 range as US and Euro area short-term rates remained stable. The pair showed little movement despite stronger-than-expected US JOLTS
US JOLTS job openings rose to 7.6 million in April, exceeding forecasts and signaling a resilient labor market. EUR/USD traded in a tight 1.1620–1.1650 range as US and euro area short-term interest rates remained stable. The dollar found support from stronger-than-expected
Geopolitical risks push WTI crude to $93.80, bolstering the USD and weighing on the Euro in early European trade. The Euro fell 0.1% to 1.1618 against major peers during Wednesday’s European session, pressured by rising oil prices amid renewed US-Iran tensions. WTI crude c
May services activity in Italy contracted more than expected, signaling weaker economic momentum amid rising global trade tensions. Italy’s services PMI dropped to 49.4 in May, below the 49.1 forecast and down from April’s 49.8. The reading indicates a contraction in the s
Brent crude rises 5% on week to $97.25 Brent crude is trading at $97.25, about 5% up on the week, as fresh hostilities between the US and Iran cast doubt on a fragile ceasefire. The US military announced self-defence strikes on Iranian Qeshm island, following reports
The Indonesian Rupiah (IDR) continues to face severe downward pressure as a combination of domestic policy uncertainty and a hostile global environment dampens sentiment toward the Asian currency. Despite aggressive defensive measures from Bank Indonesia (BI), including a
DBS Bank’s Philip Wee highlights that USD/JPY is trading around 160, a level where intervention risk remains high. He notes US Treasury comments on excessive volatility, Japan’s Finance Ministry readiness to act, and expectations for a 25 bps Bank of Japan hike to 1% in Ju
It's been twice now that the pair has hit 159.99 today before pulling back just a little bit. Since the second week of May, it has been one-wary traffic for USD/JPY in moving back up to near the 160.00 mark Despite intervention from Japan's ministry of finance, the
Prior 47.9 More to come.. Most Popular investingLive Asia-Pacific FX news wrap: Gulf escalation, yen jitters, & biggest IPO ever The US proposed tariffs of at least 10% on imports from around 60 countries under a Section 301 forced-labour probe, with higher 12.5% levies ta
British Pound: Range trading with soft tone against US Dollar – UOB UOB strategists Quek Ser Leang and Lee Sue Ann describe GBP/USD price action as range-bound after a brief drop to 1.3407, expecting the pair to edge lower toward 1.3430 while keeping 1.3405 as distant