Today’s Forex: FOMC officials considering additional rate cuts, USD stronger
Here’s what you need to know on Wednesday, December 31st. The main event today was the release of the December Federal Open Market Committee (FOMC) minutes, which came out in the afternoon. These minutes revealed that many participants are open to further rate cuts if inflation shows signs of declining in the future. Additionally, the […]
US Dollar’s Position as Global Reserve Currency: USD Share Falls to Lowest Since 1994
Central banks diversify their reserves with smaller “non-traditional reserve currencies.” The proportion of US dollar assets held by central banks dropped to 56.9% of total reserves in the third quarter, marking the lowest level since 1994. This decline, from 57.1% in the previous quarter and 58.5% in the first quarter, is revealed in the latest […]
EUR/USD drops to around 1.1730 as the USD strengthens; attention shifts to NFP and ECB
The EUR/USD currency pair began the week somewhat sluggishly, yet it’s still hovering near its highest point since early October, which it reached last Thursday. Currently, the price is around 1.1730, showing a slight decrease of less than 0.10% for the day. In the Asian session on Monday, the US dollar gained a bit, continuing […]
Japanese Yen continues to rise against a weakening USD due to a firm Bank of Japan stance and a soft Federal Reserve outlook
The Japanese yen (JPY) has lost most of its gains during the Asian trading session against the recovering US dollar (USD), though significant downward movement seems unlikely. Worsening concerns about Japan’s fiscal health, particularly due to increased spending from Prime Minister Sanae Takaichi’s administration, are noted. This, together with a generally positive stock market landscape, […]
Is it the right moment for NRIs to send money to India as the Rupee drops below 90 per USD?
Indian Rupee Weakens Against the US Dollar On December 3, 2025, the Indian rupee hit a significant milestone, surpassing the $90 mark against the US dollar. Fast forward to December 9, and the rupee slipped further by 10 paise, settling at 90.15 against the dollar. Just six months ago, it was valued at under Rs […]
Japanese Yen rises to its highest level in over a week against USD due to differing expectations from BoJ and Fed.
The Japanese yen (JPY) surged to a 1.5-week high against a notably weaker US dollar (USD) during Monday’s trading in Asia. Comments from Bank of Japan (BoJ) Governor Kazuo Ueda indicated that interest rate hikes are on the horizon. This pushed Japanese government bond (JGB) yields to their highest levels in years. Consequently, the interest […]
EUR/USD rises above 1.1600, aiming for 200-day average due to USD decline
EUR/USD Continues Uptrend The EUR/USD pair has gained momentum for the fourth consecutive day, crossing the 1.1600 mark during the Asian trading session on Thursday, and achieving a high not seen in a week and a half. This rise appears to be driven by a selling trend in the US dollar, pushing the pair closer […]
Japanese Yen pulls back from one-week high against USD due to fiscal worries
Early in the week, the Japanese yen (JPY) weakened against the US dollar (USD) after reports indicated the Bank of Japan (BOJ) is intensifying its message regarding interest rate hikes. This shift halted a brief recovery from a recent low point. However, the potential for further policy adjustments in December or January is still quite […]
GBP/USD is below 1.3100 due to a stronger USD, with attention on the UK budget.
GBP/USD Stalls Despite Recent Gains The GBP/USD currency pair has had a bit of a tough time lately. After a decent rise over the past couple of days, it kicks off the new week on a somewhat weak note, largely due to the increasing strength of the US dollar. Still, it has managed to hold […]
USD rises while stocks fall as concerns grow on November 17
Market Update Gold prices dropped by $58, or 1.44%, settling at $4,024.79. The yield on the US 10-year Treasury note decreased by 2.1 basis points to 4.129%. The yield for 2-year notes saw a smaller dip of 0.8 basis points to 3.6059%. WTI crude oil prices fell by $0.33, which is a 0.55% decrease, bringing […]