Central banker’s comments and data help the euro, but it loses steam. EUR/GBP pulls back after hitting one-week highs, nears short-term support. The EUR/GBP lost steam in the last few hours and erased daily gains. The euro had climbed to 0.8335, hit the highest level in a week but then erased the rally. The cross […]
Tag: Foreign exchange
EUR/USD rebounds strongly to six-day highs above 1.0860
Euro among the best performing currencies on Wednesday, ending losing streak. EUR/USD is having the best day since the beginning of April. Data ahead: US existing home sales and Fed Beige Book. EUR/USD is having the best day so far in April, rising more than 70 pips, fueled by a dollar correction and some euro […]
USD/MXN bounces sharply from 19.75 towards 20.00
The Mexican peso fails to break key level against the dollar and reverses direction. USD/MXN with support above 19.75, heads back to 20.00. The dollar gains momentum against emerging currencies before the drop in commodity prices. The USD/MXN went from trading at lows since Thursday at 19.75 in the European session, to rise to 19.97, […]
USD/CHF jumps to highs since June 2020 near 0.9500
Swiss franc among the worst performers on Tuesday. The dollar reaches the highest level in almost two years against the Swiss currency. USD/CHF targets the 200-week moving average at 0.9520. The USD/CHF broke above 0.9450/60 and climbed to 0.9491level last seen in June 2020. Since the peak it has retraced slightly and trades at 0.9475/80, […]
USD/JPY accelerates the rise and exceeds 128.00 to new highs in 20 years
The dollar continues to rally against the yen, despite the extension and overbought indicators. Divergence between the Bank of Japan and the Federal Reserve remains key. Treasury bond yields hit new highs in years. The USD/JPY far from pausing or correcting lower, accelerated the bull run and climbed from 127.05 to 128.45, reaching levels last […]
USD/MXN tries to return above 20.00
Mexican peso stabilizes against the dollar after Thursday’s jump. USD/MXN unable to return above 20.00, facing resistance at the 20-day moving average. The dollar remains firm in general, supported by expectations of a more aggressive Fed. USD/MXN is trading flat on Monday, around 19.95. The pair reached a daily high at 20.01, before falling back […]
USD/JPY stabilizes around 126.60 after hitting new 20-year highs
USD/JPY remains firmly uptrend, supported by yields and a stronger dollar. The debate increases due to the weakness of the yen. With no impact data for Monday, range riding could continue. The USD/JPY climbed in the Asian session to 126.78, reaching the highest level since May 2002. It then pulled back to 126.21, ending up […]
GBP/USD in tight range just above 1.3050 on Viennese Saint
GBP/USD is trading in a tight range just above 1.3050 on Friday. Rising US bond yields and aggressive Fed expectations benefit the USD. Little volume and movement is expected on Good Friday. The pair GBP/USD remains in a tight range above the 1.3050 level during the European session on Friday. Earlier, the pair had dipped […]
USD/JPY extends rally and hits 20-year highs above 126.50
USD/JPY extends its recent rally during the European session on Friday and reaches its highest level in 20 years. The increase in US yields and the divergence of the hunting policies between the Fed and the BoJ support the upward movement of the pair. Little volume and movement is expected on Good Friday. The pair […]
USD/MXN shoots up and marks three-day highs above 20.00
The dollar rises strongly in the market, driven by Treasury bond yields. USD/MXN bounces off critical support, targets 20-day moving average. ANDhe USD/MXN is rising significantly on Thursday, sharply cutting a five-day losing streak. The price went from testing the floor of 2022, to jumping to highs in three days. In the Asian session, USD/MXN […]
