The Japanese Yen weakened to its lowest level against the US Dollar in nearly four decades on the final trading day of the second quarter, as investors turned their attention to a series of major economic releases and ongoing geopolitical developments. The USD/JPY pair was around 162.00 mark during Asian trading, reaching its highest level
The foreign exchange market opened the week on a cautious note as the US dollar held firm against major currencies, supported by safe-haven demand amid renewed geopolitical tensions in the Middle East. Investors closely monitored developments between the United States and Iran while awaiting key macroeconomic events, including the European Central Bank’s annual forum and
Global financial markets remained under pressure during the European morning on Friday as investors continued to adopt a cautious approach following steep declines across Asian equity markets. A sustained selloff in technology stocks weighed heavily on market sentiment, while traders looked ahead to speeches from several US Federal Reserve policymakers later in the day. The
The British pound was on track for its worst monthly performance against the dollar since July 2025 on Thursday, as fading interest rate support and renewed political uncertainty weighed on sterling. The decline comes in a week that marked the 10th anniversary of the Brexit vote and followed the resignation of Labour Prime Minister Keir
The pound rose to a 10-month high against the euro on Wednesday as investors assessed the political outlook in the UK and the possible shape of a future government under Andy Burnham, who is widely seen as the likely successor to Prime Minister Keir Starmer. Sterling strengthened after markets turned their attention to who could
The US dollar held firm on Tuesday as markets continued to price in a more hawkish Federal Reserve, while the Japanese yen hovered near a multi-decade low and the Indian rupee opened on a flat note against the greenback. The dollar remained supported even as oil prices edged lower on easing Gulf tensions. Traders largely
The pound weakened on Monday as investors assessed mounting speculation that British Prime Minister Keir Starmer could soon set out a timetable for his departure, opening the door for Andy Burnham to emerge as the country’s next leader. Sterling was down 0.2% at $1.321. The currency has now lost around 3% since pressure on Starmer
The USD/JPY exchange rate continued its strong rally last week, reaching its highest point since 1986. It peaked at 161.81, up by 15% from its lowest level in May last year, putting investors on edge as they wait for the next actions by the Bank of Japan (BoJ). USD/JPY jumps after the hawkish Fed The
The US Dollar strengthened further on Friday, building on its weekly gains against major currencies as investors remained cautious amid growing geopolitical uncertainty in the Middle East. With US financial markets closed for the Juneteenth holiday and limited economic data on the calendar, market participants focused on developments surrounding US-Iran relations and comments from central
The US Dollar strengthened sharply against major currencies on Wednesday after investors digested the Federal Reserve’s latest policy statement, revised economic projections, and comments from Chairman Kevin Warsh following the central bank’s policy meeting. The US Dollar Index gained nearly 1% during the session, climbing above 100.50 and reaching its highest level since late March.