EUR/USD remains steady during the North American session on Friday, poised to end the week with modest gains of over 0.18% as traders brace for the next week's monetary policy decision by the Federal Reserve (Fed). At the time of writing, the pair trades at 1.1736, virtually unchanged. Euro ends week modestly higher as soft US data cements rate cut bets, narrowing policy divergence with ECB US economic data continued to drive price action on Friday as Consumer Sentiment in September deteriorated, while inflation expectations remain above the Fed's 2% goal. This, and the payrolls revision...
The USD/CHF pair flattens around 0.8820 during North American trading hours on Friday. The Swiss Franc pair trades sideways even though the US Dollar (USD) exhibits strength amid expectations that the Federal Reserve (Fed) will not cut its key borrowing rates in the near term. The US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, rises to near 104.00.Fed officials have stated that they are not in a hurry to move to interest rate cuts as they struggle to interpret the outcome of United States (US) President Donald Trump's economic policies. In Friday's...
The AUD/USD pair struggles to capitalize on the overnight bounce from the 0.6270 area or a one-week low and meets with a fresh supply on Friday. Spot prices remain depressed below the 0.6300 mark through the first of the European session and could slide further amid a goodish pickup in the US Dollar (USD) demand. The Federal Reserve (Fed) maintained its forecast for two 25 basis points rate cuts in 2025 at the end of March policy meeting on Wednesday and gave a bump higher to its inflation projection. The outlook assists the Greenback to build on its modest recovery from a multi-month low...
EUR/USD trades lower to near the 10-day low of 1.0815 in Friday's North American session. The major currency pair faces selling pressure as the US Dollar (USD) strengthens after the Federal Reserve (Fed) expressed in the policy meeting on Wednesday that interest rate cuts are not on the table in the current scenario. The US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, rises to near 104.15. On Wednesday, the Fed kept interest rates steady in the range of 4.25%-4.50% for the second time in a row, as expected. Fed Chair Jerome Powell said in the press...
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is able to print a third consecutive day of gains, trading around 104.00 at the time of writing on Friday. The DXY tries to move away from the 2025 low at 103.20 reached on Tuesday, after the Financial Times reported European countries are drawing up plans to take on responsibilities for the continent's defence from the United States (US), including a pitch to the Trump administration for a managed transfer over the next five to 10 years, which would reshape the North Atlantic Treaty...
The Pound Sterling (GBP) is dropping some 0.29% against the US Dollar (USD) on Friday, set to end the week unchanged after major central banks featured monetary policy decisions led by the Federal Reserve (Fed) and the Bank of England (BoE). At the time of writing, GBP/USD is trading at 1.2931 after hitting a daily peak of 1.2969. Sterling drops 0.29%, set to end the week flat after dovish Fed and BoE toneThe market mood remains downbeat, as depicted by United States (US) equities posting losses, while the Greenback remains bid. On Thursday, the BoE kept rates unchanged and said there is...
The USD/JPY pair gives up entire intraday gains after facing selling pressure around 149.60 and drops to near 148.60 during North American trading hours on Friday. The asset drops as the US Dollar (USD) gains, with the US Dollar Index (DXY) rising to near 104.00. The Greenback attracts bids as the Federal Reserve (Fed) is unlikely to cut interest rates in the near term. On Wednesday, Fed Chair Jerome Powell stated that they are not in a hurry to cut interest rates amid "unusually elevated" uncertainty over the United States (US) economic outlook under the leadership of President Donald...
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against a basket of six major currencies, extended its recovery and was trading around 104.00 at the time of writing on Friday (3/21). The DXY is trying to move away from a 2025 low of 103.20 hit on Tuesday, after the Financial Times reported that European countries are drawing up plans to take over responsibility for the continent's defense from the United States (US), including an offer to the Trump administration for a managed transfer over the next five to 10 years, which would reshape the North Atlantic...
Oil was little changed in the final trading session of the week as traders weighed the first U.S. sanctions on Chinese imports of Iranian crude against the uncertain outlook for global growth. Brent crude futures fell slightly below $72 a barrel, erasing earlier gains, while still posting their biggest weekly gain since January. The U.S. sanctioned a small Chinese refiner and its chief executive for allegedly buying Iranian oil, as well as a terminal operator. The market structure for Middle East crude firmed after the news. The Trump administration's first intervention in the Asian...
Gold (XAU/USD) is extending its decline on Wednesday for a second consecutive day as the US Dollar (USD) and US Treasury yields firm ahead of the release of the Federal Open Market Committee (FOMC)...
Oil extended declines after OPEC+ agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook.
Brent...
The Japanese Yen (JPY) weakened against its US counterpart and reversed part of Friday's recovery from the lowest level since July 23 following Bank of Japan (BOJ) Governor Kazuo Ueda's remarks....