The yen fell to a near five-year low against the U.S. currency on Wednesday and saw losses on other crosses. The rationale behind the move can be linked to investors bet that the Bank of Japan (BOJ) would fall behind its counterparts in tightening monetary policy to curb high inflation. Market’s receding fears of the [...]
Pound trades low against the greenback during the Tuesday morning Asian session. A jump in Treasury yields overnight as traders bet on an early Federal Reserve interest rate hike despite of the surging COVID-19 cases, favored the US dollar. The coronavirus fears in the UK and Brexit woes also underpins the bearish trend of the [...]
Australian dollar trades low against the American dollar during Monday Early morning Asian session. The rationale behind the move can be linked to negative headlines at Australia and China. Unfortunately Australia recorded a high daily covid infection number, 37,152 at the latest per the latest News. Even so, Australia Prime Minister Scott Morrisson said, “We're [...]
US dollar trades low against the Canadian dollar during the Friday Asian session. The weakness of the quote USD/CAD can be related to the mildly bid oil prices. However, Favorable US job data, thin liquidity conditions and an absence of major data/might restrict the pair's move. Canada’s main export item, WTI crude oil prices add [...]
