Forex News Category

January 17, 2024
NZD/USD Rebounds Near 0.6150 After Chinese Data, Ending Two-Day Decline

NZD/USD Rebounds Near 0.6150 After Chinese Data, Ending Two-Day Decline During the Asian trading session on Wednesday, the NZD/USD currency pair saw a modest uptick. Despite mixed economic signals from China, the pair, often viewed as a proxy for Chinese economic performance, experienced some growth. Investors are now keenly awaiting the US Retail Sales data,

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January 15, 2024
USD/CAD Stays Below 1.3400, Focus on BoC Business Outlook Survey

USD/CAD Stays Below 1.3400, Focus on BoC Business Outlook Survey During early European trading on Monday, the USD/CAD pair has been unable to break above the 1.3400 level. This stagnation can be attributed to a combination of a weakening US Dollar (USD) and disappointing US Producer Price Index (PPI) data. Currently hovering around 1.3391, the

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January 11, 2024
EUR/GBP Reduces Advances, Approaching 0.8600 Before ECB Economic Bulletin Release

EUR/GBP Reduces Advances, Approaching 0.8600 Before ECB Economic Bulletin Release The EUR/GBP currency pair experienced a halt in its two-day upward trajectory during the early European trading session on Thursday. Trading around the 0.8600 level, the pair witnessed a slight pullback from its weekly peak of 0.8620, marking a notable shift in its recent performance.

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January 10, 2024
USD/CAD Falters Below 1.3400, Stays Under Recent Multi-Week Peak

USD/CAD Falters Below 1.3400, Stays Under Recent Multi-Week Peak The USD/CAD currency pair experienced a slight uptick, nearing the 1.3400 level as the European session commenced on Wednesday. Despite this increase, the pair remained just shy of the multi-week peak it had achieved on the preceding day, Tuesday. The strength of the US Dollar is

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January 8, 2024
GBP/USD Dips to Around 1.2710 Following Recent Rises Amid Better Risk Sentiment

GBP/USD Dips to Around 1.2710 Following Recent Rises Amid Better Risk Sentiment The British pound (GBP) retreated slightly to 1.2710 against the US dollar (USD) after recent gains bolstered by an improved risk appetite, halting its winning streak from Wednesday. This shift comes amidst mixed economic signals from the United States, affecting the USD’s performance

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