The Australian dollar surged 0.8% against the US dollar as geopolitical optimism pressured the greenback. AUD/USD climbed 0.8% to settle near 0.7240 on Wednesday, approaching levels not seen since 2020. The pair tested 0.7280 intraday but failed to sustain gains above 0.72
Japan's suspected 6 trillion yen intervention faces geopolitical risks from Iran conflict, undermining currency stabilization efforts. Japan is suspected to have spent up to 6 trillion yen ($38 billion) to prop up the yen, marking one of its largest interventions. The move
A large Stellar Lumens transfer from Binance may signal increased investor activity or internal wallet adjustments. Binance transferred 71 million XLM, valued at approximately 11.4 million USD, to a withdrawal address. The transaction reflects a significant movement of Ste
U.S. Treasury Secretary Bessent will visit Japan next week for talks covering the weak yen, rare earths and energy procurement, with individual meetings scheduled with the PM, finance minister and Bank of Japan governor, the Nikkei reports Summary: U.S. Treasury Sec
GBP/JPY Price Forecast: Breaks below 213.00 eyes on 212.00 GBP/JPY retreats over 0.55% on Wednesday as the Japanese Yen strengthened in the aftermath of last week’s intervention in the FX markets by Japanese authorities. At the time of writing, the cross-pair trades at 212
GBP/JPY retreats over 0.55% on Wednesday as the Japanese Yen strengthened in the aftermath of last week’s intervention in the FX markets by Japanese authorities. At the time of writing, the cross-pair trades at 212.60 after reaching a daily peak of 214.23
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Although Australia's March trade balance is marked as high impact its not likely to move around financial markets too much upon release. This article was written by Eamonn Sheridan at investinglive.com
Europe's offshore wind expansion is running into a structural supply constraint where the turbine market is becoming increasingly concentrated. GE Vernova, Siemens Gamesa and Vestas have historically anchored Western offshore turbine supply, but with GE Vernova having paus
USD/CHF Price Forecast: Drops below 0.7800, bears target 0.7750 USD/CHF edges lower, breaching a key support trendline at around 0.7800 as the pair extends its downtrend, falling over 0.50% at the time of writing. The pair trades at 0.7789, as traders target the March 10 s