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The US Dollar stages a recovery on risk aversion spurred by the China Covid-19 crisis. USD/CAD bounced off weekly lows around 1.3300 and tested the 1.3400 mark. USD/CAD Price Analysis: … Read More
EURUSD finished up in the week close to 4%, spurred by a weak US Dollar. Softer-than-expected US CPI report and consumer inflation expectations rising tumbled the US Dollar. The double-digit … Read More
The Federal Reserve is laying the ground to shrink the size of upcoming interest rate hikes, weighed on the US Dollar. Falling US bond yields undermined the USD and boosted … Read More
AUD/USD finished the week with substantial losses of 2.61%. On Friday, the AUD/USD seesawed on a 200-pip range, notably reaching a weekly close below 0.6200. AUD/USD Price Forecast: To tumble … Read More
USD/CHF prepares to finish the week with decent gains of 0.65%. The weekly chart depicts the pair as neutral-to-upward biased, further extending the uptrend but unable to crack 0.9900. The … Read More
USD/CHF extends its weekly gains to 1.98% after the Fed and SNB monetary policy decisions. The major break above the 0.9600-0.9700 range, registering a fresh weekly high at 0.9851. The … Read More
EUR/USD gives away part of Wednesday’s sharp advance. The ECB is broadly expected to hike rates by 75 bps. Extra attention will also be on the speech by Fed’s Powell. … Read More
Further retracements in AUD/USD now seem to have lost some momentum, according to FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang. Key Quotes 24-hour view: “AUD … Read More
AUD/USD plunged more than 0.50% on Friday amidst a buoyant greenback. The major slid in each day of the week; losing between Monday-Wednesday almost 3%. A break below 0.6869 clears … Read More
EUR/USD prepares to finish the week with hefty losses above 2%. Fed officials insist it’s not time to declare “victory” while adding that further rate hikes are coming. ECB Schnabel … Read More
