The US Dollar capitalised on the upbeat PMI data from the US on Thursday, and the USD Index closed the fourth consecutive day in positive territory. Durable Goods Orders for April and
The GBPUSD pair remains confined around 1.2710 during Asian trading on Wednesday. Financial markets await fresh impetus, with the release of the UK Consumer Price Index (CPI) and FOMC Minutes due on Wednesday. Federal
EURUSD was stuck in a tight range near 1.0850 in Tuesday’s European trading. The major currency pair is expected to continue its sideways performance as the US Dollar stabilises ahead of the
The Pound Sterling began the week solidly against the US Dollar, registering modest gains of 0.04% after hitting a daily low of 1.2681, with the GBPUSD trading later in the day at
The EURUSD pair is clinging to gains near 1.0900 in Monday’s European trading, as the major currency pair remains in bullish territory due to investors’ higher risk appetite. The Euro has performed
The USDJPY pair extended its recovery to 156.00 in Friday’s European trading, as the Dollar rebounded strongly after the Fed ruled out expectations of rate cuts, despite an expected decline in the
The GBPUSD pair extended its upside near 1.2688 during early Asian trading on Thursday, supported by a weaker Greenback after the release of softer US CPI inflation data. Later in the day,
The EURUSD pair refreshed its monthly high near 1.0870 in Wednesday’s early New York session. The major currency pair strengthened as the U.S. Consumer Price Index eased in line with CPI estimates and the
The USDJPY pair dropped sharply to 155.50 in early European trading on Wednesday, as the US Dollar extends its losing spell for the third trading session. The DXY Dollar Index has dropped
GBPUSD is hovering around 1.2560 in Asian trading on Tuesday following the improved risk appetite. The Pound Sterling received support from higher-than-anticipated UK Gross Domestic Product (GDP) figures released on Friday. The
