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Canadian Dollar extends losses ahead of BoC's monetary policy decision
The Canadian Dollar (CAD) depreciates against the US Dollar (USD) for the second consecutive day on Wednesday, as risk aversion and market expectations of an immediate Federal Reserve (Fed) rate hike keep underpinning USD's rally.
BoJ’s Takata says central bank need to consider a broad range of options on monetary policy response
Bank of Japan (BoJ) board member Hajime Takata said on Wednesday that the central bank needs a different response from conventional semi-annual rate hike pace.
Swiss Franc weakens as Fed rate hike fears lift US Dollar
USD/CHF gains for the second successive day, trading around 0.8130 during the Asian hours on Wednesday.
AUD/USD Price Forecast: Slides to over one-week low; 0.7125 confluence holds the key
The AUD/USD pair drops to a one-and-a-half-week low during the Asian session on Wednesday and currently trades around the 0.7135 region, down for the second straight day.
EUR/USD Price Forecast: Weakens below 1.1600, further consolidation cannot be ruled out
The EUR/USD pair loses traction to near 1.1575 during the early European session on Wednesday. The US Dollar (USD) strengthens against the Euro (EUR) amid hawkish Federal Reserve (Fed) stance and escalating Middle East geopolitical tensions.
NZD/USD Price Forecast: New Zealand Dollar moves little following RBNZ Breman’s remarks
NZD/USD gains ground for the second consecutive day, trading around 0.5840 during the Asian hours on Wednesday.
USD/JPY Price Forecast: Sits near late July high; bulls retain control above 160.00
The USD/JPY pair touches a fresh high since July 31 on Wednesday, though it lacks follow-through buying and remains below 160.50 through the Asian session.
British Pound declines to near 1.3500 as US-Iran tensions rise
The GBP/USD pair declines to near 1.3500 during the early European trading hours on Wednesday. Ongoing tensions in the Middle East provide some support to a safe-haven currency such as the US Dollar (USD) against the British Pound (GBP).
Australian Dollar surges to July 8 high vs New Zealand Dollar after Aussie GDP, RBNZ
The AUD/NZD cross builds on the better-than-expected Australian data-inspired gains and rallies to the 1.2200 mark, or the highest since July 8, after the Reserve Bank of New Zealand (RBNZ) announced its policy decision.
New Zealand Dollar plunges after RBNZ raises OCR by 25 bps to 2.75%
The NZD/USD pair tumbles to near 0.5855 during the Asian trading hours on Wednesday. The New Zealand Dollar (NZD) faces some selling pressure against the US Dollar (USD) after the Reserve Bank of New Zealand (RBNZ) interest rate decision.
New Zealand RBNZ Interest Rate Decision meets forecasts (2.75%)
New Zealand RBNZ Interest Rate Decision meets forecasts (2.75%)
Australian Dollar rises as quarterly GDP grows in Q2
AUD/USD inches higher after recovering its daily losses, trading around 0.7150 during the Asian hours on Wednesday.
BoJ’s Takata says central bank must hike rates mimbly after assessing financial conditions
Bank of Japan (BoJ) board member Hajime Takata said on Wednesday that the central bank must conduct rate hikes nimbly after assessing accommodation in domestic financial conditions and developments.