EUR/USD pulls back from daily highs, positive for the day. In minutes, the decision of the European Central Bank. Further ahead: Lagarde’s post-decision conference and US data. The EUR/USD is trading quietly just above 1.0900 ahead of the European Central Bank’s decision (ECB). Hours ago the pair reached as high as 1.0923, the highest level […]
Tag: Foreign exchange
NZD/USD extends decline to 0.6750, fresh four-week low
The dollar is boosted after new high inflation data in the US. Higher-than-expected rate hike in New Zealand does not support the kiwi. NZD/USD worsens the picture, aims to test March bottom of 0.6727. NZD/USD extended the decline to 0.6750, marking a new low in almost a month after the US wholesale inflation data. The […]
USD/MXN falls below 19.80, tests 2022 lows
The Mexican peso remains firm against the dollar, despite the strength of the DXY. The coin is among the best performers in the world in the last seven days. USD/MXN with a bearish bias, testing the support at 19.75. USD/MXN is falling for the fifth day in a row on Wednesday and is testing the […]
EUR/USD falls to test 2022 bottom at 1.0800
EUR/USD is trading at one-month lows near 1.0800. Tone of weakness persists, given the strength of the dollar. US wholesale inflation data on Wednesday, ECB decides on Thursday. The EUR/USD approached 1.0850 at the start of the European session, but only to later reverse direction and drop to 1.0814, approaching the day’s low of 1.0809 […]
EUR/USD jumps above 1.0900 after US inflation data.
The dollar falls on all fronts after the inflation report. EUR/USD recovers intraday momentum, still with dominant downward pressure. Inflation in the US in March reaches the highest since 1981. EUR/USD jumped from a two-day low near 1.0850 towards 1.0900 fueled by a broad decline in the dollar following US inflation data. EUR/USD climbed to […]
EUR/JPY soars to almost two-week highs above 137.00
Yen crash drives EUR/JPY towards recent highs zone. Bullish tone intact despite rise of almost 200 pips. The EUR/JPY is rising sharply on Monday, fueled by the USD/JPY rally. The cross climbed to 137.12 after starting the week near 135.00, thus reaching the highest level since March 29. The EUR/JPY’s bullish tone remains intact despite […]
USD/MXN hits daily lows, quickly returns above 20.00
Mexican peso tries to recover part of the ground lost days ago. The dollar with mixed results. USD/MXN quickly returns above 20.00 after falling to 19.98. USD/MXN is trading around 20.05 on Monday, after falling to 19.98, the lowest level since Wednesday. The pair remains above 20.00, with some uncertainty in the short term, weakened […]
EUR/USD trims gains and pulls back to 1.0900 zone
EUR/USD jumped as high as 1.0933 but then lost steam. The dollar continues to be supported by rising Treasury bond yields. EUR/USD rallied as high as 1.0933 during the European session, but then lost steam and pulled back towards the 1.0900 area. Some dollar weakness had buoyed the pair, but greenback downsides remain short-lived as […]
USD/MXN remains firm above 20.00, short losing weekly streak
The Mexican peso remains negative for the week against the dollar. Rise in Treasury bond yields and caution in markets drives USD/MXN. Cross path to end a streak of four weeks with casualties. USD/MXN trades in the 20.15 zone, positive for Friday and clings to weekly gains, thus snapping a four-week low rebound. Upside remains […]
EUR/USD fails to return above 1.0900 and loses strength
The euro is still unable to affirm recoveries. The dollar is firm in the market before rising yields. EUR/USD continues to weaken below 1.0900. EUR/USD fell hours ago to 1.0846, the lowest level in a month, and then bounced back. The rise reached 1.0891, where it lost momentum and fell back again. The pair is […]
