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 […]

The GBP/JPY cross manages to find support above the 180.00 level during the early European session on Wednesday. The downtick of the pair is supported by the fear of FX intervention by Japanese authorities. The cross currently trades around 180.13, gaining 0.09% on the day. Early Wednesday, Japan’s top currency diplomat Masato Kanda said any […]