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Currencies

Extends winning streak amid risk-off mood

USD/CAD strengthens as the direct involvement of the US in Middle East tensions has increased the safe-haven demand.US President Trump confirmed that Washington’s military forces have launched airstrikes on Iran.The Oil price is expected to benefit from rising Oil prices.The USD/CAD pair extends its winning streak for the fifth trading day on Monday. The Loonie pair gains as demand for safe-haven assets, such as the US Dollar (USD), has increased after the direct involvement of the United States (US) into the aerial war between Israel and Iran over the weekend.The...
Currencies

USD/JPY jumps to near 144.00 while both currencies advance amid Middle East tensions

USD/JPY rises to near 144.00 as demand for the US Dollar has increased against the Japanese yen in a risk-off environment. Israel strikes Iran to rid-off existing survival threat from Iran. The BoJ and the Fed are expected to keep interest rates steady next week. The USD/JPY pair climbs to near 144.00 during European trading hours on Friday after recovering early losses. The pair strengthens as the US Dollar (USD) outperforms across the board amid growing war tensions between Israel and Iran. The US Dollar Index (DXY), which tracks the...
Currencies

Asian FX rallies as USD weakens on recession fears, tariff uncertainty

USD remains offered across the board as investor flows shift sharply into Asia, following a record 6% two-day surge in the Taiwan dollar (TWD) and strong gains in the Korean won (KRW), Chinese yuan, and Thai baht (THB). Markets are reassessing US asset exposure amid weakening U.S. growth and erratic trade policies, with the greenback under sustained pressure.Asian selling continues, amplified by speculation that Taiwan and other regional economies may be allowing currency appreciation to ease trade tensions with Washington. The Singapore dollar (SGD) and Malaysian ringgit (MYR) have also...
Currencies

USD/JPY rises to near 149.00 as US Dollar advances

USD/JPY gains to near 149.00 as the US Dollar strengthens after the dust settles from the Fed’s monetary policy. The Fed sees an “unusually elevated” US economic uncertainty due to new economic policies by President Trump. The BoJ and the Fed left interest rates steady on Wednesday. The USD/JPY pair moves higher to near 149.00 in North American trading hours on Thursday. The pair gains as the US Dollar (USD) rallies sharply in the aftermath of the Federal Reserve’s (Fed) monetary policy outcome. The US Dollar Index (DXY), which tracks the...