EUR/JPY cross has almost recovered its intraday losses, struggling below the session’s opening bid at 158.71 during the European trading hours on Thursday. The cross receives upward support ahead of the Monetary Policy Statement from the European Central Bank (ECB) due to be released later in the day. This Eurozone’s inflation levels surpass the ECB’s target and […]

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 […]