Investing.com – The price of soared and equity markets suffered weakness in response to the Iranian missile attacks on Israel, but the US dollar gains were more muted, noted UBS, suggesting a market that is not especially over-positioned in short dollar trades. At 05:20 ET (09:20 GMT), the Dollar Index, which tracks the greenback against […]
By Tom Westbrook and Harry Robertson SYDNEY/LONDON (Reuters) -The dollar held onto its biggest gains in a week on Wednesday after an Iranian missile attack on Israel drove the buying of safe haven assets as investors fretted about the widening of conflict in the Middle East. The euro was little changed against the dollar at […]
Fundamental Overview The US Dollar got a bit of a boost this week as Fed Chair Powell reiterated that 50 bps of easing by year end remains the base case. The market’s probability for the Fed to cut by 50 bps in November fell from 51% to 40% as a result. On the data side, […]
EUR/JPY weakens to near 158.80 in Wednesday’s early European session, down 0.06% on the day. The negative outlook of the cross prevails, with the bearish RSI indicator. The immediate resistance level emerges at 161.80; the first support level is seen at 158.10. The EUR/JPY cross extends its downside to around 158.80 during the early European […]
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]
The Japanese Yen loses ground as the BoJ’s Summary of Opinions signals its intention to maintain an accommodative monetary stance. The JPY struggled as Japan’s upcoming PM Ishiba stated the need to maintain low rates to help economic recovery. The US Dollar receives support as traders adopt caution amid rising geopolitical tension in the Middle […]
