The Japanese Yen remains under pressure against the USD despite recent currency intervention, as broader dollar strength limits gains. The USD/JPY pair stabilized around 159.24 on Tuesday, retreating slightly from an intraday low as the Japanese Yen failed to sustain momen
Elevated oil prices and hawkish Fed expectations weigh on the yen, offsetting earlier intervention effects and supporting the dollar. The USD/JPY pair stabilizes around 159.24 after dipping to 158.92 intraday, as the yen struggles amid a stronger dollar and rising oil pric
Brown Brothers Harriman’s (BBH) Elias Haddad reports the Reserve Bank of Australia (RBA) delivered a less hawkish hold, keeping rates at 4.35% and judging policy “somewhat restrictive” as the labor market has eased more than expected. Haddad notes the RBA softened its hawk
Silver (XAG/USD) extends its correction on Tuesday and trades around $65.05 at the time of writing, down 2.31% on the day. The white metal retreats from the seven-week high reached at $66.59 on Monday as rising Oil prices and prospects of tighter monetary policy in the Uni
The Reserve Bank of Australia left rates unchanged at 4.35%, signaling a cautious stance amid economic uncertainty. The Reserve Bank of Australia held its cash rate at 4.35%, with all nine board members voting for no change. The decision aligns with market expectations, re
OCBC’s Sim Moh Siong and Christopher Wong note the US Dollar (USD) softened as Fed hike expectations moderated and the US yield curve steepened. They argue that without a strong upside surprise in United States (US) Consumer Price Index (CPI), the USD should stay rangeboun
The Swiss Franc trades practically flat against the US Dollar (USD) on Tuesday, consolidating halfway through last week’s trading range. The USD/CHF pair bounced up from Friday’s lows just above 0.8050 on Monday, amid growing concerns about the fate of the US-Iran peace ne
The GBP/USD pair trades marginally lower at around 1.3500 during the European trading session on Tuesday. The Cable edges down as the US Dollar (USD) ticks up; however, financial markets doubt the slight recovery move seen this week, with traders paring hawkish Federal Res
The payments firm rolls out PaysafeWallet in Poland, offering users a virtual debit card and multi-currency functionality in Polish złoty. Paysafe has launched its digital wallet service, PaysafeWallet, in Poland, enabling consumers to pay, send, and spend in Polish złoty.
The fintech firm will launch staged banking services in France after securing regulatory approval and committing €1bn to Western Europe. Revolut has received a full banking license in France following a joint review by the ACPR and the European Central Bank. The approval f
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