Stronger US labor market reports boost expectations for prolonged Fed rate hikes, lifting the USD against the CAD. The USD/CAD pair rose to 1.3905 in early European trading, supported by stronger-than-expected US jobs data. May ADP private payrolls and JOLTS job openings s
US economic resilience and persistent geopolitical tensions lift the dollar as Treasury yields rise above 4%. The US dollar strengthened modestly as front-end Treasury yields climbed above 4%, driven by resilient economic data and elevated Brent crude prices. Geopolitical
The Euro rises for a second day against the Pound but remains below 0.8650, close to its one-week low of 0.8632. The Euro (EUR) advanced against the British Pound (GBP) for the second straight session on Thursday, though gains were limited. The currency pair remained below
EUR/USD slips toward 1.1590 support level The EUR/USD pair has slipped toward 1.1590, a key support level. This move follows a cautious stance on the pair. A sustained drop below this level appears unlikely, though a test of the support is possible.
EUR/USD trades near 1.1600 The EUR/USD pair is marginally higher, trading near 1.1600. The currency pair is close to its Wednesday low, indicating a still bearish outlook. The pair's movement suggests a potential fresh leg of downfall below 1.1570.
The pair remains under pressure below the 20-day EMA as Middle East tensions lift energy costs and cloud ECB rate hike prospects. EUR/USD trades near 1.1600 in early European trading, slightly up but still close to Wednesday’s lows. The Euro faces broad selling pressure as
EUR/USD expiries at 1.1600 level may add support The EUR/USD currency pair has expiries at the 1.1600 level, which has been acting as a floor for the pair in recent weeks. The market mood is turning, with equities retreating due to the lack of a US-Iran deal, keepi
The Indian Rupee remains steady at 95.72 against the US Dollar amid elevated oil prices and geopolitical tensions. The Indian Rupee (INR) opened flat against the US Dollar (USD) on Thursday, maintaining Wednesday’s gains at around 95.72. The currency pair’s stability follo
India’s rupee remains steady but faces pressure from elevated crude prices amid stalled US-Iran talks and import dependency. The Indian Rupee opened flat against the US Dollar on Thursday, trading near 95.72 after modest gains in the previous session. Higher oil prices con
The currency pair remains near a one-month high despite profit-taking and concerns over potential Japanese authorities' intervention. The USD/JPY pair edged lower during Thursday’s Asian session, pressured by fears of Japanese authorities intervening to support the yen. Pr
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