The Australian Dollar (AUD) extends losses for the second session, trading around yearly lows against the US Dollar (USD) on Thursday. The AUD/USD pair faces a challenge on the upbeat Greenback, which could be attributed to the improved US Treasury yields. Australia’s inflation data introduced the prospect of a 25 basis points rate hike by […]

The Euro (EUR) is extending its vulnerability against the US Dollar (USD), resulting in EUR/USD shedding further ground to weekly lows around 1.0540 following Europe’s opening bell on Thursday. The Greenback is regaining further balance after extra gains on Wednesday, leading the USD Index (DXY) to the proximity of the key hurdle at 107.00. The daily advance in the Dollar […]

The EUR/GBP cross posts modest gains around the mid-0.8600s during the early European session on Tuesday. The recovery of the cross is supported by the mixed UK wage inflation data. The cross currently trades near 0.8648, up 0.05% on the day. The latest data from the UK’s National Statistics revealed on Tuesday that the UK’s […]

The Australian Dollar (AUD) extends its gains on the second successive day, remaining firmer against the US Dollar on Tuesday. The pair receives upward support after the hawkish Reserve Bank of Australia (RBA) minutes for the October 2023 meeting were released on Tuesday. Australia’s central bank was involved in the consideration of whether to raise […]

USD/INR trades higher above 83.20 during the Asian session on Tuesday. The Indian Rupee (INR) may face challenges as a $5 billion RBI swap deal is set to mature on October 23. This maturity could lead to a dollar shortage in the market as the RBI intends to buy these dollars for its reserves rather than […]

The Euro (EUR) is showing signs of further strength against the US Dollar (USD), motivating EUR/USD to advance to four-day highs above 1.0560 at the end of the week. Meanwhile, the Greenback sheds further ground and revisits the 106.30 when tracked by the USD Index (DXY) on the back of extra improvement in risk sentiment, despite the tepid rebound […]