Euro Strengthens on ECB Rate Hike Bets as Dollar Weakens, DBS Reports
The euro is gaining ground against the US dollar as markets increasingly price in further interest rate hikes from the European Central Bank
Forex News
Forex News
WTI Oil Slips Below $86.50 to One-Month Low as US-Iran Truce Extension Eases Supply Fears
West Texas Intermediate (WTI) crude oil extended its recent decline on Tuesday, sliding below the $86.50 per barrel mark to hit a fresh
Forex News
Fed’s Schmid: Surging Oil Prices Are Weighing on Consumer Spending Power
Federal Reserve Bank of Kansas City President Jeffrey Schmid issued a sobering assessment of the current economic landscape on Wednesday, stating that rising
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British Pound Edges Lower Towards 1.3400 as BoE’s Bailey Signals Patience on Rate Cuts
The British Pound edged lower against the US Dollar during Wednesday’s European session, slipping towards the 1.3400 mark as Bank of England Governor
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Swiss Franc Softens as Markets Await Q1 GDP Release
The Swiss franc weakened against major currencies on Tuesday as traders adopted a cautious stance ahead of the release of Switzerland’s first-quarter gross
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Gold Holds Below Two-Week High as Iran Risk and Hawkish Fed Bets Boost Dollar
Gold prices edged lower on Wednesday, holding below a two-week high as a combination of rising geopolitical tensions surrounding Iran and renewed expectations
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Australian Dollar Firms Against Japanese Yen After China’s Manufacturing Data Beats Expectations
The Australian Dollar (AUD) strengthened against the Japanese Yen (JPY) during Tuesday’s Asian trading session, following the release of better-than-expected manufacturing data from
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Silver Holds Above $75.50 as Iran Nuclear Deal Uncertainty Stalls Momentum
Silver prices (XAG/USD) are holding steady above the $75.50 mark during Tuesday’s trading session, as persistent uncertainty surrounding the revival of the Iran
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EUR/USD Forecast: Euro Begins NFP Week on Cautious Footing
The EUR/USD currency pair entered the first trading session of the new week with a subdued tone, as market participants turned their focus
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US Dollar Index climbs above 99.00 as US-Iran truce deal uncertainty weighs on markets
The US Dollar Index (DXY) has edged higher, trading firmly above the 99.00 mark during Tuesday’s session, as growing uncertainty surrounding a potential
