Yen falls for sixth straight day against USD The Japanese Yen has erased its intervention rally, drifting toward the 159.00 zone. The Yen closed near 158.80, marking a sixth straight losing day against the US Dollar. The price action was unremarkable, with
The Australian dollar recovered from a low of 0.7120 as the US dollar softened and risk appetite improved. The Australian dollar climbed from a session low of 0.7120 to near 0.7180 in European trading on Monday, supported by a weaker US dollar and modestly improved risk se
Hotter US inflation and Kevin Warsh’s impending Fed leadership drive dollar’s strongest weekly gain since March. The US dollar climbed 1.4% last week, marking its largest weekly advance since early March, as inflation data exceeded expectations and Federal Reserve leadersh
The Euro climbs against the Dollar after geopolitical tensions ease, lifting the pair to 1.1654 in late trading. The Euro rose 0.26% against the US Dollar in late North American trading, recovering from earlier lows as geopolitical risks eased. The EUR/USD pair reached 1.1
Geopolitical tensions ease after US delays military action against Iran, lifting the Euro and pressuring the US Dollar. The Euro rose 0.26% against the US Dollar to 1.1654, recovering from session lows of 1.1608. The move followed President Trump’s announcement delaying a
The bank reduced its 12-month recession odds citing easing financial conditions and contained oil price impact from the Hormuz closure. Goldman Sachs lowered its 12-month US recession probability to 25% from 30%, citing resilient economic activity and easing financial cond
USD/SGD rebounds from 1.2660 low The USD/SGD pair has rebounded from its recent low near 1.2660. Upward momentum is starting to build. The pair is seen as broadly supported above 1.2735, with major support at this level.
UOB analysts see upward momentum for the pair but warn gains may stall at a resistance zone between 1.2880 and 1.2900. USD/SGD has rebounded from a recent low near 1.2660, with momentum building for further gains. The pair remains supported above 1.2735, though a break bel
DBS revises China’s monetary policy outlook, ruling out LPR cuts amid resilient trade but weak consumption and investment. China’s exports jumped 14.1% year-over-year in April, rebounding from a 2.5% rise in March, driven by non-US trading partners. Imports surged 25.3% as
Andy Burnham’s vow to retain current fiscal rules eases investor concerns amid rising political uncertainty for UK Prime Minister Keir Starmer. The British Pound rose to 1.3414 against the US Dollar on Monday, recovering from multi-week lows near 1.3302. The gain followed
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