EUR/USD remains on the downtrend from early today. Euro dropped the previous day amid downbeat European fundamentals, as well as the market’s rush for USD. Bloc’s downbeat data and the rebound in the US inflation expectations and options market data were the main catalysts behind the major currency pair weakness. Final Manufacturing PMIs in both [...]
The Australian dollar had a fall on Tuesday after the RBA's move. The Reserve Bank of Australia (RBA) board members announced no changes to the official cash rate (OCR), leaving it at a record low of 0.1% during their November monetary policy meeting. The board made a decision to discontinue the target of 10 basis [...]
The U.S. dollar is the world reserve currency and one of the strongest currencies in the world but, it is not the strongest currency in the world. The strongest currency in the world is the Kuwaiti Dinar. Also, contrary to what most people think, the British Pound is not the strongest currency today; however, it is [...]
USD/JPY remains on the uptrend above 114.00 amid the initial Tokyo trading hour on Monday. The yen pair rises for the second consecutive day. Monday’s headlines suggesting Prime Minister Fumio Kishida’s victory in snap elections, Firmer US Treasury yields and a mildly positive risk appetite underpin the bullish trend of yen pair. New Japanese Prime [...]
