U.S. Mint Honors 9/11 Anniversary with New Half Dollar Coin Marked: NEVER FORGET
The U.S. Mint is honoring those who lost their lives in the September 11 Al-Qaeda terrorist attacks with a new half-dollar coin that features the date of the tragic events encircled by the words “NEVER FORGET.” “As we near the 25th anniversary of September 11, we pay tribute to the memories of those we lost […]
Swiss Franc strengthens as US Dollar weakens due to the Japanese Yen’s decline
On Wednesday, USD/CHF dipped slightly as the US Dollar (USD) showed broad weakness, allowing the Swiss Franc (CHF) to recover some value. Currently, the pair is trading around 0.8078, reflecting a decrease of about 0.20% for the day. A significant upsurge in the Japanese Yen (JPY) is driving the decline of the Greenback, while the […]
Euro rises against Canadian Dollar before Germany’s HICP figures
EUR/CAD saw a rebound after two consecutive days of decline, trading near 1.6120 during the European session on Monday. Traders are keeping a close eye on upcoming German inflation data, specifically the preliminary Consumer Price Index (CPI) and Harmonized Index of Consumer Prices (HICP), set to be released later today for further directional insights. Eurozone […]
Australian Dollar stays above 1.2100 against NZD while focusing on Aussie GDP and RBNZ
The AUD/NZD exchange rate has moved into positive territory for the fourth consecutive day, showing some recovery after dipping to around 1.2065. It has now reached a high not seen since July 9 during the Asian trading hours on Monday. However, the current spot prices are struggling to maintain this positive momentum, sitting just above […]
Swiss Franc weakens as US Dollar steadies following last week’s drop
USD/CHF saw a slight increase on Monday, as the US Dollar (USD) stabilized following last week’s downturn driven by the US Treasury’s plan to ramp up buybacks of longer-term bonds. Meanwhile, attention in the market has returned to the rising tensions between the US and Iran, particularly after the announcement of new sanctions against Tehran. […]
Swiss Franc gains strength as US inflation eases pressure on US Dollar
The USD/CHF currency pair has concluded its four-day upward trend, now trading around 0.8140 during Asian hours on Friday. This decline in the pair comes as the US dollar faces pressure following a disappointing inflation report. Market focus has shifted toward the upcoming US retail sales data for July, set to be released later. In […]
Australian Dollar falls even though RBA signals potential rate increase
The AUD/USD pair has dropped for the third consecutive day, hovering around 0.7060 during Asian trading on Friday. Chris Kent, the Assistant Governor of the Reserve Bank of Australia (RBA), stated on Thursday that the latest interest rate hikes are having their desired impact. Nonetheless, he cautioned that additional rate increases could occur if new […]
US Dollar Index Price Prediction: DXY supporters look for a price breakout above 100.00
The U.S. Dollar Index (DXY), which measures the value of the U.S. dollar against a selection of other currencies, has seen an increase following yesterday’s sell-off after a drop in the Consumer Price Index (CPI). This uptick marks a potential fourth-day rise in its weekly trend. In early European trading on Thursday, the index reached […]
Japanese Yen reduces its gains against US Dollar as markets assess US CPI
The Japanese yen lost some of its earlier gains against the US dollar on Wednesday, following US CPI data that was in line with expectations and didn’t lead to any significant market shifts. Currently, the USD/JPY pair is around 159.20, having dropped to an intraday low of 158.58. The composite consumer price index (CPI) increased […]
Euro exchanges cautiously with US Dollar ahead of US CPI data
As European markets opened on Wednesday, the euro (EUR) was slightly down against the US dollar (USD), hovering around 1.1534. Major currency pairs also showed minor declines as investors appeared more cautious ahead of the US Consumer Price Index (CPI) data for July, due to be released at 12:30 pm Japan time. At that moment, […]