The US dollar remained close to a more than two-month high on Thursday as markets continued to price in the possibility of further monetary tightening from the Federal Reserve, despite an interim agreement between the United States and Iran that eased some geopolitical concerns. The Federal Reserve kept interest rates unchanged within a 3.50%-3.75% range.
The GBP/USD exchange rate came under pressure on Monday morning as investors reacted to the ongoing political uncertainty in the UK. It retreated to 1.3224, down sharply from last week’s high of 1.3460. Odds of Keir Starmer staying as Prime Minister fall The GBP/USD pair retreated sharply as investors remained concerned about the UK’s political
The Japanese yen continued its recent retreat, reaching its lowest level since July 31 as the recent US intervention backfired. The USD/JPY pair rose to 159.43, up by 2.72% from its lowest level this month. Japanese yen retreat continues as carry trade intensifies The USD/JPY pair crashed hard earlier this month, reaching its lowest level
The US dollar started the week with a familiar advantage: investors wanted shelter, but not outright safety. A fragile diplomatic track between the US and Iran reduced the worst fears around Gulf shipping, yet the currency market was still shaped by oil risk, higher Treasury yields and fresh political noise in Britain. The greenback held
The US dollar extended its gains on Wednesday, climbing to a fresh 13-month high against a basket of major currencies as investors moved towards safe-haven assets amid a technology-led equity selloff and growing expectations of further interest rate hikes from the Federal Reserve. The move came as global markets remained under pressure following a broad
The Japanese yen softened against the US dollar, even after the Bank of Japan (BoJ) flagged rising risks of faster interest rate hikes in the last meeting. The USD/JPY pair rose to 158.23, up by nearly 2% from its lowest level this month. BoJ signals potential faster interest rate hikes There are signs that the
The US Dollar Index edged lower on Thursday after rising for three straight sessions and touching its highest level in 13 months, as investors turned their attention to a heavy slate of US economic data and ongoing geopolitical tensions. The US Dollar Index, after rising to 101.80 on Wednesday, eased in early Thursday trade but
The US dollar is ending June with the kind of support that comes from fear, rates and relative economic strength. It eased slightly on Monday, but the broader move remained firmly in its favour as investors weighed renewed Gulf tensions, rising oil prices and a crucial week of US labour data. The greenback has also
The Japanese yen resumed its downward trend as investors reflected on the recent interventions by the United States and the Bank of Japan. After plunging to 155.20 earlier this week, the USD/JPY pair rebounded to 158.41 as traders bought the dip ahead of the US nonfarm payrolls (NFP) data. Japanese yen resumes its downtrend The
The Japanese yen continued its strong downward trend this week, reaching its lowest level in over 40 years. The USD/JPY crossed the crucial resistance of 162, bringing its 12-month gains to 12.3%. BoJ prepares response to the weaker yen The USD/JPY pair continued its recent upward trend this week as the US Dollar Index (DXY)