EUR/USD extends gains for the second consecutive day, trading around 1.0870 at the time of writing during the Asian session on Thursday. The pair has shown resilience despite the downbeat PMI data from the Eurozone and Germany reported on Wednesday, prompting a cautious market sentiment as investors look for additional cues regarding the inflation outlook. Eurozone’s preliminary HCOB Composite PMI for […]

USD/RUB posts modest gains near 94.00 during the Asian session on Thursday. Meanwhile, the US Dollar Index (DXY) consolidates its gains around 103.35 as investors prefer to wait on the sidelines ahead of the Jackson Hole Symposium and Federal Reserve (Fed) Chairman Jerome Powell Speaks this week. Russian President Vladimir Putin stated on Tuesday that inflationary risks were developing in the […]

AUD/USD stays on the front foot for the fourth consecutive day, despite struggling of late, as market players cheer the downbeat US Dollar amid early Wednesday morning in Europe. With this, the Aussie pair adds 0.30% intraday gains to print the 0.6450 level by the press time. Among the key catalysts, the market’s cautious optimism […]

NZD/USD struggles to defend the previous day’s run-up as it prods the 100-DMA resistance amid early Wednesday morning in Europe. In doing so, the Kiwi pair justifies the market’s dilemma amid mixed New Zealand Retail Sales data and the US Dollar’s retreat ahead of the key US PMIs for August. That said, the quote seesaws […]

USD/RUB trades with modest losses above the 94.50 mark after retreating from a 16-month high of 102.35 during the Asian session on Wednesday. Meanwhile, the US Dollar Index (DXY) loses some ground to 103.50 as markets turn cautious ahead of Jackson Hole Symposium and Federal Reserve (Fed) Chairman Jerome Powell Speaks on Thursday and Friday, respectively. On Tuesday, Russian President Vladimir […]

USD/CAD holds lower grounds near 1.3540 while portraying a sluggish weekly move heading into Wednesday’s European session. The Loonie pair clings to mild losses amid a softer US Dollar and the recent improvement in Canada’s key export item WTI crude oil as markets await top-tier data from the US and Canada. That said, the US Dollar Index (DXY) retreats from […]

Russian Ruble (USD/RUB) price prints mild gains around 93.80 even as US Dollar struggles heading into Tuesday’s European session. In doing so, the Russian currency (RUB) drops for the second consecutive day while reversing the last week’s gains, mainly backed by the Central Bank of Russian Federation’s (CBR) surprise rate hike. It should be noted […]

The GBP/USD pair gains momentum around 1.2770 heading into the European session on Tuesday. The pair trades in positive territory for the second day in a row amid the weakening of the Greenback. Meanwhile, the US Dollar Index (DXY), a measure of the value of USD against six other major currencies, drops to 103.22. From the technical perspective, […]