The USD/JPY witnessed an meaning full recovery from the day’s lows in latest forex trading. The pair traded near to its previous week high following the Bank of Japan monetary policy announcements. USD/JPY surged 0.85% to 150.4350 crossing the widely-watched 150 level once more, putting potential government intervention into the
The EURINR pair edges lower for the third successive day today in latest forex trading session. Pair is continued to be pressured by a combination of a strong dollar and rate hiking cycle sentiment. Further, in anticipation of a pause in the ECB’s 14-month-old rate-hiking cycle, the currency weakened. The
The US dollar witnessed a dramatic movement on the weekend, and today it appreciated sharply against major counterparts as violence in the Middle East sparked safe haven assets like the dollar. Adding to this, a blowout U.S. jobs report gave the greenback a further leg up. The currency reacted volatile;
The Japanese Yen struggled to find demand on Friday as markets weighed the Bank of Japan’s (BoJ) policy announcements. The currency dropped toward its lowest levels since November 2022 after the Bank of Japan maintained its ultra-dovish policy. The Japanese yen dropped 0.45% to 148.23 against the dollar. The Bank
Pound Sterling dropped against the dollar and INR today. Currency saw pressure after lower than forecast August inflation data from the UK. Further, later today, the Federal Reserve will announce its interest rate decision and release the revised Summary of Economic Projections, which also weighed on the sentiment. The pound
The Japanese Yen dropped to its lowest levels in over ten month against the dollar as weak data from Japan raged concerns over slowing global economic growth. The USD/JPY pair gains traction after retracing from the multi-month high of 147.8740. The pair currently trades near 147.3600, up 0.04%. The Japanese
The British pound was able to gain nearly two per cent last week. The greenback which drops against a basket of its peers supported in recent gains. After the Federal Reserve increased interest rates by a quarter of a percentage point on Wednesday, the dollar declined. That was the highest
BOE Policy, CPI numbers will drive the direction The British pound has been struggling since morning; however, the currency managed to stay strong against the dollar and Rupee. As the significant UK inflation data and Bank of England (BOE) policy are lined up Wednesday and Thursday, that could drive huge
Dollar strengthened more than half percent yesterday. It bounced from the one-year low after strong earnings from some of Wall Street’s banking. Giants diluted concerns about the sector, raising expectations of another interest rate hike by the Federal Reserve. Friday saw the release of a strong set of first-quarter 2023
World major currency witnessed a speculative move, as after yesterday’s Fed decision. The greenback plunged to nine month low of 101.10 down 0.90% yesterday. Dollar saw pressure, after the Federal Reserve’s latest interest rate decisions and guidance brought the end of the current policy tightening cycle into view. Greenback lost