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 [...]
Euro is printing mild losses by heading into European session today. This move is backed with the US dollar rebound by the tracking the US Treasury yields amid cautious market sentiment ahead of the US Consumer Price Index (CPI) data. Amidst the inflation woes in the market, worries emanating from China further add the risk [...]
GBP/USD is consolidating the recent recovery rally from two-month lows of 1.3424 as buyers started showing interest. A broadly weaker US dollar is the major reason for the buyer’s confidence. However, A lack of progress on the Brexit front along with that the impending threat of the UK triggering Article 16 keeps the pound under [...]
