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The euro is sharply lower on Wednesday. In the European session, EUR/USD is trading at 1.1116 at the time of writing, down 0.60% on the day. There are no tier-1 events on today’s data calendar but Thursday will be busy, with German CPI and US GDP. German CPI expected to ease Germany, the largest economy […]

The post Euro Declines Ahead of German Inflation, US GDP appeared first on Action Forex.

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27/06/2024

USD/JPY Rate Hits Highest Level Since 1986

As shown in the USD/JPY chart, today the rate is around 160.58 yen per US dollar. Bloomberg reports the words of Japan’s Finance Minister Shunichi Suzuki: → Stable dynamics are important for currency rates. → Sharp unilateral movements are highly undesirable. → We will closely monitor the situation and take action if necessary. Such rhetoric […]
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CAD’s Troubles Could Be Soon Forgotten

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04/06/2024

GBPUSD Surges to Fresh 2-Month High

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