JPY volatility keeps it range-bound against USD The Japanese Yen has experienced volatile swings, resulting in a range-bound trade against the US Dollar. The USD/JPY pair briefly spiked to 160.69 before dropping to 159.64, leaving the intraday outlook mixed.
The Euro (EUR) is trading moderately lower against the US Dollar (USD) on Friday, changing hands at 1.1565 at the time of writing, down from the weekly highs, at 1.1590 hit on Thursday. The pair, however, remains on track for a nearly 0.4% weekly appreciation, following a
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that USD/JPY’s brief spike to 160.69 followed by a drop to 159.64 has left the intraday outlook mixed, with trading expected between 159.70 and 160.40. On a 1–3 week view, upward momentum has fizzled and down
Stronger US producer inflation boosts the USD, pushing the NZD/USD pair to a session low near 0.5820. The New Zealand Dollar declined against the US Dollar, trading near 0.5820 in early European trading on Friday. The move follows a stronger-than-expected US Producer Price
UK GDP falls 0.1% in April The British Pound attracts slight bids against major currencies after the UK monthly GDP data release. The 0.1% decline in April follows previous economic trends. The GBP/USD recovers most of its early losses, rebounding to near p
The euro pares recent gains against the pound as UK growth and German inflation figures influence currency movements. The euro edged lower against the British pound, trading at 0.8630 in Asian hours after two consecutive days of gains. The move follows the release of UK GD
UK GDP contracted 0.1% in April, missing forecasts, while German HICP inflation held at 2.7% YoY, aligning with expectations. EUR/GBP retreated to 0.8630 in Asian trading Friday after UK GDP shrank 0.1% month-over-month in April, below the anticipated 0.1% decline. March h
Investors already factor in two additional ECB rate hikes this year, limiting Euro support despite hawkish signals. The European Central Bank’s latest guidance left the Euro slightly weaker as President Lagarde avoided clear signals on further rate hikes. Markets had alrea
USD/CAD pair rises to near 1.3980 The USD/CAD pair gained traction during early European trading hours on Friday. This increase was bolstered by strong US inflation data. The pair rose to near 1.3980, with traders closely monitoring US-Iran peace deal devel
May’s US producer inflation surged to a 3.5-year high, reinforcing expectations of a potential Fed rate hike later this year. The USD/CAD pair climbed to near 1.3980 in early European trading Friday, driven by stronger-than-expected US Producer Price Index data for May. Th
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