Pound is trading in the positive node on Tuesday but struggles near 1.3420 level. The pound seem to trade higher against greenback although post-Brexit trade arrangements for Northern Ireland remain a risk which could drag the pound down. Relations between the UK and EU have been tattered due to the British threats to trigger Article [...]
Euro is trading high against greenback and the pair EUR/USD is hovering around 1.1450 level in the early Asian session. On Friday, the major currency pair dropped to a fresh 16-month low 1.1432 before bouncing. The bounce of the Euro can be related to the cautious market mood amid the downbeat Michigan Consumer Sentiment. The [...]
USD/CAD hovers around 1.2590 during Friday’s Asian session. The pair has refreshed the multi-day peak on Thursday. Rebound of US dollar and bank holiday in Canada underpinned this move. The strength of the US dollar can be linked to the Fed rate hike chatters and the sluggish prices of Canada’s main export item, WTI crude [...]
USD/JPY traders high amid the US inflation expectations and the China evergrande favorable updates helping in the US dollar strength by improving market mood. The US Consumer Price Index (CPI) made a jump to a three-decade high of 6.2% YoY thus encouraged Fed rate hike expectations. The views on the monetary policies led to rise [...]
