Mexican Peso Slips as Banxico Cuts Rates and Hormuz Strait Tensions Escalate
The Mexican peso weakened against the US dollar on Thursday, pressured by a dual shock: the Bank of Mexico’s (Banxico) decision to cut
Forex News
Forex News
EUR/GBP Price Forecast: Bearish Momentum Intensifies as Sellers Hold Control
The EUR/GBP currency pair continues to face sustained selling pressure, with technical indicators signaling that bearish momentum remains firmly entrenched. As of the
Forex News
Gold Holds Near Two-Week Highs as US-Iran Deal Optimism Weighs on Dollar
Gold prices maintained their position near two-week highs on Wednesday, supported by a weakening US Dollar as market optimism grew over a potential
Forex News
USD/IDR Faces Overbought Conditions as Key Support Levels Emerge: OCBC
Currency analysts at OCBC Bank have flagged that the USD/IDR pair is currently exhibiting overbought conditions, drawing attention to key support levels that
Forex News
USD/CAD Bear Trend Stays Intact Below 1.3645, Says Scotiabank
Scotiabank analysts have reiterated that the bearish trend in the USD/CAD currency pair remains intact as long as the exchange rate stays below
Forex News
Canada Faces Sector-Specific Risks Under USMCA Review, NBC Reports
A new report from NBC News highlights significant sector-specific risks for Canada as the United States-Mexico-Canada Agreement (USMCA) heads toward its mandated joint
Forex News
Gold Holds Above $4,700 as Renewed Hormuz Tensions Drive Safe-Haven Demand and USD Strength
Gold prices maintained their position above the $4,700 mark on Tuesday, supported by escalating geopolitical tensions in the Strait of Hormuz, which simultaneously
Forex News
US Dollar Holds Firm Amid Fragile US-Iran Peace Talks
The US Dollar maintained its strength on Tuesday, holding firm against major currencies as markets closely monitored the latest developments in US-Iran peace
Forex News
South Korea’s Tightening Path Looks Measured, DBS Analysts Say
Analysts at DBS Bank have described the outlook for monetary policy tightening in South Korea as modest, suggesting the Bank of Korea (BOK)
Forex News
China’s foreign exchange reserves edge up to $3.41 trillion in April, reflecting steady capital flows
China’s foreign exchange reserves rose to $3.41 trillion in April 2025, up from $3.39 trillion in March, according to data released by the