Currency Analysis & Opinion

In Friday's session, the NZD/USD took a slight break from its continual downward trajectory, mildly rebounding to 0.5890.

Silver ended its two-day losing streak yet finished the week with losses of more than 4%, as investors booked profits in the precious metal space.

In Friday's session, the AUD/JPY pair showed a minor recovery, rising by 0.15% to end at 100.79.

The USD/JPY dropped 0.14% on Friday as the pair recovered some ground after hitting a 14-week low of 151.93.

The Pound Sterling clings to minuscule gains on Friday after the latest inflation report in the United States (US) reinforced investors' bets that the US Federal Reserve could begin slashing rates at...

USD/CAD has risen to the top of the range it has been trading in since the middle of April.

The NZD/USD pair finds temporary support near an almost three-month low of 0.5880 in Friday’s European session after a six-day losing spell.

The USD/JPY trimmed some of its earlier losses and finished Thursday’s session virtually unchanged, trading at 153.93 after hitting a daily low of 151.94.

In Thursday's session, the AUD/JPY pair extended its decline, with a fall of 0.54% to reach 100.55 and hit a low of 99.22.

The Pound Sterling dropped below 1.2900 for the third consecutive day, edged lower 0.17%, and traded at 1.2881 after hitting a daily high of 1.2913.

USD/JPY has weakened over the last three weeks and reached support at a key price level on the charts, roughly in the 151.80s – which coincides with the October 2022 and 2023 highs.

Fundamental Overview The USD has been rallying steadily against the major currencies since last Wednesday on the back of general risk-off sentiment, although it’s unclear what has triggered the...