The British pound rebounds ahead of UK retail sales data, erasing losses despite geopolitical tensions capping gains. The GBP/USD pair climbed to 1.3325 during Asian trading hours, ending a five-day losing streak. The recovery comes as traders await UK retail sales figures
GBP/USD rebounds near 1.3325 as traders await June UK Retail Sales data, which may influence BoE rate expectations. The GBP/USD pair climbed to 1.3325 during Asian trading on Friday, ending a five-day losing streak. The recovery comes as markets await UK Retail Sales data
The Canadian dollar gains modestly against the USD as oil retreats and BoC rate cut bets contrast with Fed hike expectations. The USD/CAD pair fell 0.10% to around 1.4070 in Asian trading Friday, extending losses amid a softer US dollar. The move marks a pause in a three-w
A Reuters poll finds 12 of 16 economists expect no shift in Singapore’s monetary stance amid mild inflation pressures. Singapore’s central bank is widely expected to maintain its current SGD NEER policy stance at its July 27 review, as core inflation remains below the uppe
Markets price a 35.8% chance of a Fed rate hike this month amid oil-driven inflation fears and geopolitical risks. EUR/USD rose to 1.1380 in Asian trading Friday, recovering from prior losses as the US Dollar weakened. The move comes despite escalating Middle East tensions
Japan prepared to take decisive steps on foreign exchange Japan's Finance Minister says authorities are ready to act appropriately on currency shifts whenever necessary. The Japanese Yen is one of the world's most traded currencies, with its value determined by the pe
Finance Minister Katayama aligns with US Treasury concerns over excessive yen volatility and confirms 24-hour communication with Washington. Japan’s Finance Minister Shunichi Katayama indicated readiness to take decisive action on the yen, which hit a 40-year low against t
The Australian Dollar pares losses against the USD amid stronger domestic PMIs, though Fed rate hike bets and trade risks limit gains. The AUD/USD pair rebounds during Friday’s Asian session, recovering from Thursday’s slide to a weekly low near 0.6900. Buyers step in afte
The Japanese Yen remains near its weakest level in decades against the dollar following recent inflation data. The USD/JPY pair traded steady at 163.90 in early Asian trading on Friday, with the yen lingering near a multi-decade low against the dollar. The lack of movement
Japan’s core inflation climbed to 1.6% YoY in June, matching forecasts, ahead of the Bank of Japan’s policy meeting next week. The USD/JPY pair remains steady near 163.90 in early Asian trading, with the Japanese Yen (JPY) lingering at multi-decade lows against the US Doll
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