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The US Dollar (USD) extended its gains against a weaker Swiss Franc (CHF) on Friday, reclaiming levels above 0.7950 after a volatile start to the week. The move marks a third consecutive day of appreciation, as the USD regains most of the ground lost earlier amid mixed market sentiment and divergent monetary outlooks between the...
The USD/JPY currency pair has rebounded sharply, clawing back early losses to approach the 148.00 level during Friday’s European trading session. This resurgence comes as the US Dollar (USD) extends its winning streak for the third consecutive trading session, reflecting strong market confidence in the Greenback amid expectations of further monetary policy easing by the...
The Indian Rupee (INR) clawed back early losses against the US Dollar (USD) on Friday, supported by renewed optimism surrounding a potential US-India trade deal. The USD/INR currency pair dropped to near 88.20 in late trading hours in India, reversing earlier intraday losses. This movement reflects growing investor confidence as trade tensions between the two...
Key Highlights: GBP rebounds from weekly lows; Yen initially surges; UK retail sales outperform expectations; BoJ signals continued tightening. LFtrade’s Magnus Tarvas presents a thorough analysis of the matter for readers in this piece. The GBP/JPY currency pair reversed earlier losses on Friday, climbing back above the 199.50 level following a press conference by Bank...
EUR/JPY showed notable market activity during early European trading on Friday, rebounding to near 174.00 after retreating from a 14-month high of 174.50 recorded on the previous session. The currency pair’s behavior is under scrutiny as traders weigh the implications of weaker-than-expected German Producer Price Index (PPI) data for August against the backdrop of an...
The NZD/USD currency pair edged lower to near 0.5855 during the late European trading session on Friday, marking the lowest level in 10 days. The decline reflects the US Dollar’s (USD) extended winning streak, as the US Dollar Index (DXY) climbs to near 97.60. Market participants remain focused on central bank policies, with the Federal...
The EUR/GBP currency pair extended gains for a second consecutive day, climbing to six-week highs, as concerns over UK stagflation continue to weigh on the British Pound (GBP). Despite stronger-than-expected UK Retail Sales data, Sterling remains under pressure amid cautious signals from the Bank of England (BoE) and weak macroeconomic indicators. In their article, Sean...
Silver (XAG/USD) extended its recovery on Friday, building on Thursday’s rebound after testing key support near the $41.50 level. The white metal is currently trading around $42.35, indicating that buyers are regaining momentum after a pullback from the 14-year high at $42.97. Technical indicators suggest that momentum remains constructive, with upside potential still intact, provided...
The British Pound (GBP) dropped significantly against the US Dollar (USD) on Friday, with GBP/USD slipping beneath 1.3480, as the ‘King Dollar‘ strengthened after the Federal Reserve’s (Fed) monetary policy announcement earlier this week. Despite positive UK Retail Sales, Sterling struggled to hold gains amid lingering fiscal concerns and broad USD strength, leaving investors cautious...
