News
AUD/CHF settles at 3 1/2-week low, posts weekly loss
3+ hour, 30+ min ago (224+ words) The AUD/CHF currency pair settled at Friday's low of 0. 5586, its weakest level since April 27th, as Australian labor data reinforced expectations that the Reserve Bank of Australia might delay any additional policy tightening at its upcoming June meeting. Australia's unemployment…...
AUD/SGD settles above 1-month low, posts weekly loss
10+ hour, 10+ min ago (212+ words) The AUD/SGD currency pair settled above recent low of 0. 9079, its weakest level since April 20th, as Australian labor data reinforced expectations that the Reserve Bank of Australia might delay any additional policy tightening at its upcoming June meeting. Australia's unemployment…...
GBP/CHF settles below 1 1/2-week high, posts weekly gain
1+ day, 2+ hour ago (237+ words) The GBP/CHF currency pair settled below recent high of 1. 0596, its strongest level since May 11th, after recent weak UK macroeconomic data did little to dampen market expectations of future Bo E policy tightening. New data by the UK Office for…...
CAD Softens as Fed Outlook, Oil Drop Lift US Dollar
2+ day, 10+ hour ago (244+ words) USD/CAD extended its advance for a fourth consecutive session, holding near 1. 3790 in early European hours on Friday. The pair remained underpinned by a firmer US Dollar, as markets leaned further toward a hawkish interpretation of the Federal Reserve's policy…...
Gold Struggles as Firm Dollar, Fed Outlook Weigh on Prices
2+ day, 11+ hour ago (548+ words) Gold (XAU/USD) is trading on the defensive heading into the European session on Friday, with sellers re-emerging while the metal manages to stay above the $4, 500 psychological threshold. Follow-through downside remains limited for now, but the backdrop continues to favor…...
Euro Slides on Firm Dollar, Hawkish Fed Pressure EURUSD
2+ day, 12+ hour ago (327+ words) EUR/USD remained on the back foot for a second straight session, hovering near 1. 1610 in Asian trading on Friday. The pair continued to weaken as the US Dollar (USD) held firm, supported by building expectations that the Federal Reserve (Fed)…...
Swiss Franc Steady as Markets Eye US-Iran Deal Updates
2+ day, 11+ hour ago (299+ words) Trading Pedia - USD/CHF trades flat near 0. 7870 in Asian hours as investors await possible confirmation of a US-Iran peace agreement. - The US Dollar Index (DXY) edges up toward 99. 27, with risk sentiment supported by reports of a "final draft" deal. - Preliminary…...
NZD/CHF weakens despite strong NZ trade data
3+ day, 4+ hour ago (282+ words) The NZD/CHF currency pair edged lower on Thursday, with the kiwi dollar under pressure even as fresh trade figures out of New Zealand pointed to a markedly stronger external sector. New Zealand's trade surplus widened sharply in April to…...
AUD: Soft Domestic Data Meets Optimistic FX Forecasts
3+ day, 5+ hour ago (498+ words) ING analyst Francesco Pesole notes that recent Australian macroeconomic releases have reinforced the case for a more cautious Reserve Bank of Australia. He highlights that a weaker-than-expected labor market report and deteriorating purchasing managers" indices have undermined expectations for additional…...
Euro Slips as Middle East Risks Boost US Dollar
5+ day, 11+ hour ago (548+ words) EUR/USD moved lower during Tuesday's Asian session and hovered near 1. 1645. The Euro weakened as investors shifted toward the US Dollar amid geopolitical uncertainty in the Middle East. At the same time, traders focused on upcoming remarks from ECB Chief…...