USD/CHF increases as Swiss Franc weakens due to poor PMI and tariff worries
The USD/CHF increased by nearly 0.50% on Monday, breaking a two-day decline for the US dollar. Swiss CPI was projected to rise by 0.1%, following a 0.2% increase in July, but monthly inflation remained at 0.0%. The Swiss Manufacturing PMI dropped to 48.8, marking its fifth consecutive month of contraction and was somewhat unexpected. The […]
EUR/USD holds steady under 1.1600 as weak US employment numbers raise hopes for an interest rate cut, while Eurozone outlook weakens.
The EUR/USD pair remains steady near 1.1600 on Monday, reflecting Friday’s robust NFP gains. Investor sentiment in the Eurozone declines as the Sentix Investor Confidence Index drops from 4.5 in July to -3.7 in August. US factory orders decreased by 4.8% in June, reversing the 8.3% increase seen in May and hinting at a slowdown […]
Australian Dollar weakens after poor PMI data from China.
The Australian dollar remains stable, maintaining a 10% baseline tariff on Australian goods. China’s Caixin Manufacturing PMI dropped to 49.5 in July from 50.4 in June, falling short of the anticipated 50.3. Non-farm salaries in the US are expected to remain in a positive range. On Friday, the Australian Dollar (AUD) hit a notable point, […]
Epstein controversy weakens public confidence and Republican election prospects, say two US lawmakers
Concerns over Epstein Threaten Republican Prospects The ongoing controversy surrounding financier and convicted sex offender Jeffrey Epstein may negatively impact public trust in the Trump administration, potentially jeopardizing Republican chances in the upcoming 2026 midterm elections, according to two lawmakers this past Sunday. Representative Thomas Massey, a Republican, along with Democrat Ro Khanna, expressed their […]
GBP/USD moves nearer to the mid-1.3400s as trade optimism weakens the safe-haven USD.
GBP/USD Currency Pair Overview GBP/USD is facing a challenge in gaining further purchases but begins the week on a positive note. The US-EU trade deal is boosting risk sentiment, weakening the USD, and providing support. Traders seem hesitant with upcoming central bank events and potential data releases from the US. The GBP/USD pair showed some […]
GBP/USD rises above 1.3500 as the US Dollar weakens
GBP/USD is expected to rise to around 1.3525 during the early European trading on Wednesday. Concerns regarding customs policies and the independence of the Federal Reserve may weaken the US dollar. Increased fiscal pressure in the UK and potential cuts to BOE rates could enhance the pair’s appeal. The GBP/USD pair is projected to extend […]
EUR/USD rises to 1.1780 as the US Dollar weakens due to hopes for fiscal and trade improvements.
The EUR/USD is at 1.1776 after hitting a multi-year peak of 1.1780 due to a weakening dollar. Concerns over the U.S. budget deficit and Federal Reserve’s decisions push the U.S. dollar down to multi-year lows. Retail sales in Germany heighten concerns about growth for the ECB ahead of remarks from major central banks. The EUR/USD […]
House GOP moves forward with bill that weakens government oversight
The House Republicans have pushed forward a bill that aims to reduce funding for the Government Accountability Office (GAO) by about 50% in the fiscal year 2026, a decision that is likely to spark protests from Democrats. They argue that such a move runs counter to Republican claims of wanting to eliminate government waste. On […]
Asian stocks remain cautious as the dollar weakens following Trump’s criticism of Powell.
SINGAPORE (Reuters) – On Thursday, Asian stocks showed slight movement, while oil prices held steady and the euro found some stability as investors weighed geopolitical, economic, and fiscal uncertainties ahead of a tariff deadline set by U.S. President Donald Trump. Markets appear to be calming, backed by a ceasefire between Israel and Iran, which has […]
EUR/USD continues to rise past 1.1600 as ceasefire weakens the US Dollar
The EUR/USD has risen by 0.39%, approaching yearly highs as a ceasefire reduces the demand for safe-haven dollars. Powell indicated that the policy is somewhat limited, but reductions could be considered if inflation is a factor. The IFO business environment shows improvement for six months. ECB officials suggest a steady trajectory, assuming inflation remains under […]