The currency pair fell to 1.1598 as US-Iran tensions bolstered the dollar and stoked Fed rate hike expectations. EUR/USD declined to 1.1598, its lowest level in six weeks, as escalating US-Iran tensions fueled demand for the US dollar. The geopolitical conflict raised conc
The pair rises to a six-week high as traders await Fed minutes amid geopolitical tensions and softer Canadian inflation data. The USD/CAD pair climbed to 1.3765-1.3770 in early European trading, nearing its highest level since mid-April. The move follows a combination of f
The currency pair pauses its winning streak above key moving averages, signaling sustained upward momentum after recent gains. USD/JPY halted its seven-day winning streak, trading near 159.00 during European hours on Wednesday. The pair remains above the nine- and 50-perio
Global bond yields surge to decade-plus peaks, weighing on risk sentiment despite modest equity gains in early European trading. European equities opened with minor losses while S&P 500 futures edged up 0.2%, reflecting a tepid but steadier risk mood. However, bond markets
The Euro weakens against the Dollar as rising crude prices and global tensions weigh on investor sentiment. The Euro extended losses to a six-week low, trading near 1.1600 against the US Dollar, as elevated oil prices and geopolitical uncertainty pressured the currency. Th
The pair extends gains for a second day as geopolitical risks and Fed rate hike bets lift the USD Index to a six-week peak. The USD/CHF pair climbed to a three-week high near 0.7900 in early European trading, extending gains for a second consecutive session. A firmer US Do
UOB strategists highlight 1.1570 as a critical downside level for EUR/USD after the pair broke below 1.1600. EUR/USD extended its decline, closing 0.44% lower at 1.1604 after breaking below the 1.1600 support level. UOB strategists now target 1.1570 as the next key downsid
The New Zealand Dollar stabilizes near 0.5830 as safe-haven demand supports the US Dollar during Asian trading. The New Zealand Dollar remains steady below 0.5850 against the US Dollar, trading around 0.5830 in Asian hours. Increased risk aversion has bolstered the USD, ke
Geopolitical risks lift the USD as traders price a 40.1% chance of a Fed 25 basis points hike by year-end. NZD/USD traded flat near 0.5830 in Asian hours, pressured by safe-haven demand for the USD. Escalating US-Iran tensions drove risk aversion after President Trump thre
Softer UK inflation data weakens the British Pound, lifting the EUR/GBP cross to near 0.8660 in early trading. The Euro trimmed losses against the British Pound, with the EUR/GBP cross rising to near 0.8660 during early European trading on Wednesday. The move followed soft
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