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 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,
Gold has recovered its recent losses, trading around $2,370 per troy ounce during Thursday’s Asian session. The safe-haven yellow metal gained ground as traders exercise caution amidst heightened geopolitical tensions in the
Growing expectations for a delay in the Federal Reserve’s policy pivot and escalating geopolitical tensions, fuelled an impressive US Dollar rally last week. After rising over 1.5% in the previous week and
Following Wednesday’s sharp decline, the US Dollar Index (DXY) continued to push lower on Thursday, with the negative shift seen in risk sentiment, helping the USD stay resilient against its rivals. US
The USDCHF pair rallied to 0.9070 in early European trading on Thursday, with the Swiss Franc strengthening as softer-than-expected Consumer Price Index (CPI) data for March boosted expectations of one more interest
The US Dollar suffered large losses against its major rivals in the American session on Wednesday as investors reacted to the Federal Reserve’s policy decisions and Chairman Jerome Powell’s remarks on the
The US dollar is likely to “consistently weaken” throughout 2024 as the Federal Reserve winds up its aggressive interest rate hiking agenda, said the CEO and founder of a leading independent financial
By Lukman Otunuga, Senior Market Analyst at FXTM Asian markets were a mixed bag on Tuesday despite the broadly positive cues from Wall Street overnight, as a surge in Tesla powered a
By Lukman Otunuga, Senior Market Analyst at FXTM Chinese stocks paved the way higher for Asian shares on Tuesday as optimism from China’s measures to cut stamp duty boosted risk appetite. European
