The Japanese yen has been under pressure recently, with the USDJPY pair inching closer to key intervention levels. Most recently, the pair rose to 159.93 yen on Monday, approaching the significant 160 yen mark. This level has not been seen in over 30 years and could trigger government intervention, as it did in May when
Forex
The U.S. dollar has recently experienced a surge, reaching new highs compared to other major currencies. This increase in value can be attributed to the Federal Reserve’s more assertive stance on monetary policy compared to its European counterparts. The Dollar Index, which measures the greenback against a basket of currencies, has seen a 0.1% rise,
The U.S. dollar saw a slight increase in value on Thursday, with sterling moving lower ahead of the upcoming Bank of England policy-setting meeting. The Dollar Index, which monitors the greenback against multiple other currencies, rose by 0.2% to 105.122, approaching the previous week’s peak of 105.80. This rise in the U.S. currency followed the
The British pound remained stable ahead of the rate decision from the Bank of England (BoE) on Thursday. Investors were eagerly awaiting any guidance on the potential start of an easing cycle, although the BoE is expected to keep rates unchanged. Despite British inflation reaching its 2% target in May, underlying price pressures indicate that
The recent UK data has revealed that underlying price pressures remain strong, signaling that the Bank of England may delay cutting interest rates. In May, British inflation returned to its 2% target for the first time in nearly three years, and services prices saw a significant increase of 5.7%. This rise in prices has implications
The recent release of soft U.S. retail sales data has led to a mixed response in the currency markets. While the dollar initially weakened following the disappointing economic data, it managed to regain some ground as traders brace for potential Federal Reserve rate cuts. The dollar index steadied at 105.28, indicating some resilience in the
The U.S. dollar has been showing signs of strength, with the Dollar Index trading 0.2% higher at 105.125. This increase comes ahead of the release of key retail sales data and speeches by Federal Reserve officials, which are expected to provide insights into the timing and pace of potential interest rate cuts. Traders are closely
The dollar’s value has been a topic of discussion among traders as they eagerly await the release of a key U.S. retail sales report and comments from Federal Reserve officials. The U.S. dollar index, which measures the currency against major peers, saw a slight increase of 0.11% to 105.39 in Asian hours, following a loss
The recent political turmoil in Europe has had a significant impact on global markets, with the euro hovering near a more than one-month low. The rise of far-right and leftist parties in France has created uncertainty, leading to a brutal sell-off in the French financial markets. This has put pressure on President Emmanuel Macron’s centrist
The currency markets are always sensitive to geopolitical events and political turmoil. One recent example of this is the impact of political instability in Europe on the U.S. dollar and the euro. As far-right parties made gains in European Parliament elections, leading to uncertainty and fears of disruption, the euro fell 0.3% to 1.0708. This