The dollar maintains a tone of weakness in the face of stable yields and a rise in stock markets. The euro at weekly highs against the franc and the pound. EUR/USD with an intraday bullish bias, above 1.0055 it appears 1.0090. EUR/USD is rising for the second day in a row and continues to bounce […]
Tag: Foreign exchange
EUR/GBP at one-month highs near 0.8550
Euro gains momentum after the Jackson Hole symposium. The pound continues to be pressured by the weather in the markets, among other factors. EUR/GBP bullish as long as it remains above 0.8500. EUR/GBP is rising for the second day in a row and is trading at the 0.8545/50 area, at a one-month high. The cross […]
USD/MXN pulls back, although still targeting the key 20.20 zone
Mexican peso among the best performers on Monday. Risk aversion climate weighs on emerging market currencies. USD/MXN with short-term bullish bias, key resistance at 20.15/20. The Mexican peso recovered against the dollar, and is in positive territory for the day, trading in the 20.00 area. USD/MXN rose hours ago to the 20.15 zone, the highest […]
GBP/USD recovers slightly after falling to two-year lows near 1.1650
The pound weakened, among the worst performers in the G10. The dollar remains firm, although it cuts gains in the last hours. GBP/USD sets new lows in two years. GBP/USD is trading around 1.1680, firming below 1.1700 for the first time since March 2020. The pair posted a fresh low at 1.1642 before paring losses. […]
USD/JPY trims gains from 139.00, remains firm
Rise in government bond yields continues to put downward pressure on the yen. The dollar with mixed results on Monday, remains firm after hawkish tones. USD/JPY pulls back after hitting 138.99 and trims gains. The USD/JPY trimmed gains in the European session and fell back to 138.36. The pair had reached as high as 138.99 […]
USD/MXN remains near the weekly low, below 20.00
USD/MXN is falling on Friday, on a weakening dollar after US economic data. The pair trades below 19.90, validating weekly losses. In the US, it was known that both personal income and personal spending rose in July less than expected. The personal consumption expenditure price index recorded an unexpected decline in July. The figures sent […]
GBP/USD no clear direction below 1.1850, waiting for Powell
GBP/USD remains directionless around 1.1800. DXY falls modestly, Treasury yields stable. US data is coming and then Powell’s speech. GBP/USD recovered after falling as low as 1.1775 and climbed as high as 1.1844, it is trading largely unchanged from Thursday’s close around 1.1820 ahead of the Federal Reserve Chairman’s speech and US data. Powell will […]
USD/JPY positive near 137.00, ahead of key event
The market is in standby mode, looking at Jackson Hole. Jerome Powell will give a speech, which will be closely watched with great potential. The dollar with mixed results in the prior, the yen among the weakest. The USD/JPY rose during the Asian session at a moderate pace and peaked in Europe at 137.11, the […]
EUR/USD rises above 1.0000 ahead of data and Powell
The euro gains momentum in the market on Friday. The dollar loses strength in the run-up to Powell’s speech. EUR/USD recovers again from 0.9950. The EUR/USD recovered from two-day lows below 1.0000, and rose to 1.0023, the new high. The pair remains in the high zone, with the tone bullish, in the anticipation of Powell’s […]
USD/MXN bounces off weekly lows towards 20.00
US data released on Thursday comes out better than expected. The dollar recovers momentum after the opening of Wall Street. USD/MXN rebounds after marking nine-day lows. USD/MXN is trading around 19.95, having erased daily losses after falling as low as 19.84, the lowest level in nine days. The rebound occurred before a strengthening of the […]