The yen manages to stop the fall in a context of falling markets. The dollar remains firm throughout the market. USD/JPY downside seen as a correction for now. USD/JPY is dipping modestly on Wednesday, pulling back after hitting the highest levels since 1998. The pair tested the high of 136.70 in the Asian session, but […]
Tag: Foreign exchange
USD/MXN continues to retreat and falls to one-week lows below 20.20
Markets rise throughout the world helping emerging currencies. Mexican peso remains among the best performers. USD/MXN returns below the 200-day moving average. The USD/MXN is falling for the third day in a row and continues to pull back after hitting three-month highs last week. The pair is trading below 20.20, at a one-week low. Last […]
USD/JPY breaks above 136.00 for the first time since 1998
Yen slumps across the market on USD/JPY rally. The dollar at the highest since 1998 against the Japanese currency. Divergence in the monetary policy of the BoJ and the Fed, key for the pair. The USD/JPY started the day trading in the 135.00 area and in the European session it began to accelerate the raises, […]
DXY Price Analysis: Next downside target seen at 103.41
DXY extends bearish pressure and breaks 104.00. The next support comes in the 103.40 region. The US Dollar Index (DXY) extends the lows at the beginning of the week and briefly visits the area below the 104.00 support on Tuesday. Considering the ongoing price action, a further correction on the short-term time frame should not […]
GBP/USD fails to hold above 1.2300 and pulls back
The dollar gains moment before the American session. The pound marks daily lows against the euro. GBP/USD rebound fails to pick up pace. The GBP/USD erased most of the intraday gains and pulled back falling below 1.2260. Earlier the pair had climbed to 1.2325, the highest level in two days. A combination of dollar paring […]
USD/JPY remains trapped in a range and consolidates around 135.00
USD/JPY extends its consolidating sideways move for the second day in a row on Tuesday. The divergence of monetary policies between the Fed and the Bank of Japan, along with risk appetite weighs on the yen and offers support to the pair. The modest weakness of the dollar prevents the bulls from opening new positions […]
USD/CHF continues to fall against an unstoppable Swiss franc after SNB rally
Swiss central bank unexpectedly raises interest rates. Swiss franc leads among currencies on Thursday after SNB surprise. The dollar loses strength at the opening of the American session. USD/CHF extended the decline and hit 0.9719, the lowest level in a week. The Swiss franc is the best performing currency on Thursday buoyed by the Swiss […]
GBP/USD retreats modestly after BoE rate hike
Bank of England raises interest rate by 25 basis points, as expected. After a 75 basis point hike by the Fed, the focus returns to the data. GBP/USD weakens slightly after decisions but holds above 1.2050. GBP/USD lost ground after the Bank of England’s decision to raise the benchmark interest rate by 25 basis points. […]
USD/JPY trims losses after falling to ten-day lows at 132.30 area
The yen is among the best performing currencies on Thursday. The dollar rises after the fall on Tuesday. After the Fed, economic data and on Friday the Bank of Japan. USD/JPY is falling significantly on Thursday, following the Fed’s decisions on Wednesday and after breaking multi-day support. The yen gains momentum the day before the […]
USD/MXN in the zone of maximums in three months, near 20.70
Dollar with mixed results prior to the Fed’s decision. US central bank could raise rate by 75 basis points. USD/MXN reaches the 20.70 zone. USD/MXN is rising again on Wednesday, albeit not making new intraday highs in weeks. The cross reached as high as 20.69, the highest level since mid-March. Volatility is expected to continue. […]
