July 29, 2025 8:27 am
The EUR/USD currency pair extended losses, plumbing a fresh 1-month low of 1.1527 on Tuesday, as market players realized the trade deal between the US and the EU was an unbalanced one, favoring the United States and offering little to improve the Euro Area’s economic outlook. Meanwhile, investors braced for the outcome of the Federal […]
Read moreJuly 28, 2025 12:03 pm
The USD/ZAR currency pair traded in proximity to a fresh 1 1/2-week high of 17.8761 on Monday, supported by easing trade tensions following the announcement of a US-EU tariff deal. The US and the EU reached a framework trade agreement over the weekend, which resulted in a 15% import tariff on the majority of EU […]
Read moreJuly 27, 2025 4:27 pm
The EUR/NOK currency pair settled below Friday’s high of 11.9436, its strongest level since July 18th, in the wake of the European Central Bank’s policy decision. The ECB left its main refinancing operations rate intact at 2.15%, while the deposit facility rate was kept at 2.0%. Borrowing costs have been brought to their lowest levels […]
Read moreJuly 27, 2025 8:37 am
The EUR/SEK currency pair settled above recent low of 11.1271, its weakest level since July 11th, in the wake of the European Central Bank’s policy decision. The ECB left its main refinancing operations rate intact at 2.15%, while the deposit facility rate was kept at 2.0%. Borrowing costs have been brought to their lowest levels […]
Read moreJuly 26, 2025 9:19 am
The EUR/GBP currency pair settled below Friday’s high of 0.8743, its strongest level since November 21st 2023, in the wake of the European Central Bank’s policy decision and as the latest UK data shifted focus from inflation to growth worries. The ECB left its main refinancing operations rate intact at 2.15%, while the deposit facility […]
Read moreJuly 19, 2025 5:09 pm
The USD/MYR currency pair settled below recent high of 4.2580, its strongest level since June 24th, in the wake of solid US macro data. US retail sales growth was stronger than expected in June, 0.6% month-over-month, while initial jobless claims dropped more than expected in the week ended July 12th. Annual CPI inflation accelerated to […]
Read moreJuly 19, 2025 1:03 pm
The USD/CHF currency pair settled below recent high of 0.8064, its strongest level since June 25th, in the wake of solid US macro data. US retail sales growth was stronger than expected in June, 0.6% month-over-month, while initial jobless claims dropped more than expected in the week ended July 12th. Annual CPI inflation accelerated to […]
Read moreJuly 19, 2025 8:40 am
The USD/NOK currency pair settled below recent high of 10.3464, its strongest level since May 19th, in the wake of solid US macro data. US retail sales growth was stronger than expected in June, 0.6% month-over-month, while initial jobless claims dropped more than expected in the week ended July 12th. Annual CPI inflation accelerated to […]
Read moreJuly 16, 2025 10:54 am
The USD/ZAR currency pair was mostly flat on Wednesday, not far from last Friday’s 2 1/2-week high of 17.9734, ahead of South Africa’s retail sales report for May, which may provide more clues on the health of the local economy. Yesterday data by Statistics South Africa showed mining output grew 0.2% year-on-year in May, after […]
Read moreJuly 13, 2025 12:46 pm
The GBP/NOK currency pair settled above Friday’s low of 13.6506, its weakest level since June 24th, after data showed the UK economy had shrunk for a second straight month in May, which added to expectations that the Bank of England could cut interest rates next month. UK GDP contracted 0.1% month-on-month in May, following a […]
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