Logo-color Logo-white

In today’s subdued trading environment, Sterling Euro have emerged as the strongest currencies, outperforming Australian Dollar and New Zealand Dollar. The ascendancy of these European currencies does not appear to be driven by any specific fundamental factors. Instead, it seems to be part of a rotational trend where different currencies take turns rallying against Dollar […]

The post Euro and Sterling Take Back the Lead in Quiet Market appeared first on Action Forex.

previous

Yen Dips on Dovish BoJ, Aussie Gains on China Optimism

next

Yen Strengthens on BoJ Ueda, Swiss Franc Hits Highs, Dollar Struggles

Read More

Yen Dips as Nikkei Charges Toward Record High
16/02/2024

Yen Dips as Nikkei Charges Toward Record High

Yen weakens mildly in Asian session today, contrasting with Nikkei’s continued up trend towards historical high made in 1990. This development comes amidst diminishing impacts of Japanese officials’ verbal interventions aimed at stemming Yen’s decline. Without tangible policy measures to back these statements, the currency’s depreciation has persisted. Meanwhile, Finance Minister Shunichi Suzuki’s tone has […]
Dollar at Risk of Resuming Medium-Term Downtrend as Fed Confirms Rate Cuts Ahead
24/08/2024

Dollar at Risk of Resuming Medium-Term Downtrend as Fed Confirms Rate Cuts Ahead

Fed Chair Jerome Powell’s highly anticipated speech at Jackson Hole didn’t disappoint market participants, as he clearly signaled that the time for easing monetary policy has arrived. This declaration provided a notable boost to US stock markets on Friday, with major indexes ending the week on a positive note. Meanwhile, Dollar tumbled across the board, […]
Yen Strengthens on Recession Avoidance, Dollar and Sterling Await Data-Driven Clarity
11/03/2024

Yen Strengthens on Recession Avoidance, Dollar and Sterling Await Data-Driven Clarity

Yen rises broadly in Asian session today, lifted by economic data indicating Japan’s narrow escape from recession last year. This economic turnaround, while not directly influencing BoJ decision on interest rates decision next week, certainly does not obstruct the pathway for a hike. Yen’s momentum, though currently modest, could amplify with anticipated positive developments from […]