June 7, 2025 5:13 pm
The EUR/CAD currency pair settled above Friday’s low of 1.5572, its weakest level since May 29th, in the wake of the European Central Bank’s and the Bank of Canada’s policy decisions. The Bank of Canada kept its benchmark interest rate intact at 2.75% at its June 4th policy meeting, in line with market consensus. This […]
Read moreJune 7, 2025 12:54 pm
The USD/CAD currency pair settled above recent low of 1.3634, its weakest level since October 8th 2024, in the wake of the Bank of Canada’s policy decision and as US job market resilience tempered Fed rate cut expectations. Employers in the United States added 139,000 jobs in May, representing a slight pullback from April’s downwardly […]
Read moreJune 7, 2025 11:08 am
The EUR/USD currency pair settled below recent high of 1.1495, its strongest level since April 22nd, in the wake of the European Central Bank’s policy decision and as US job market resilience tempered Fed rate cut expectations. Employers in the United States added 139,000 jobs in May, representing a slight pullback from April’s downwardly revised […]
Read moreJune 7, 2025 8:14 am
The GBP/USD currency pair settled below recent high of 1.3616, its strongest level since February 23rd 2022, as US job market resilience tempered Fed rate cut expectations. Employers in the United States added 139,000 jobs in May, representing a slight pullback from April’s downwardly revised growth of 147,000 positions. The latest figure came in ahead […]
Read moreJune 6, 2025 2:12 pm
Key Moments: The Canadian dollar hovered close to 1.3700 per USD on Friday. Canada added only 8,800 jobs in May, pushing unemployment up to 7%. US tariffs and economic uncertainty have slowed hiring and investment, according to the Bank of Canada. USD/CAD Climbs to 1.3687 The Canadian dollar depreciated by 0.1% against the greenback on […]
Read moreJune 6, 2025 1:37 pm
Key Moments: US nonfarm payrolls rose by 139,000 in May, higher what was anticipated but marking a slowdown. The unemployment rate remained unchanged at 4.2%. EUR/USD fell by 00.61% amid the dollar’s recovery. Hiring Slows but Labor Market Remains Steady Employers in the United States added 139,000 jobs in May, representing a slight pullback from […]
Read moreJune 6, 2025 9:20 am
Key Moments: The Reserve Bank of India reduced its key policy repo rate by 50 basis points to 5.5%. The central bank also announced a 100-basis-point cut to the cash reserve ratio, to be implemented in stages until December. The USD/INR dropped below the 85.800 mark. Monetary Policy Shift Comes Amid Uncertain Global Backdrop The […]
Read moreJune 6, 2025 6:45 am
Key Moments: The yen depreciated against the US dollar for a second consecutive day, with the USD/JPY rising 0.44% to 144.12. April household spending fell by 0.1% in Japan. Safe haven demand diminished as risk appetite grew on expectations for renewed US-China trade negotiations. USD/JPY Nudges Above 144.00 as Sentiment Weighs on JPY The USD/JPY […]
Read moreJune 5, 2025 3:06 pm
Key Moments: GBP/USD soared above 1.3600 on Thursday amid a climb of over 0.35%. The US dollar Index remains under pressure below $99.00. US jobless claims unexpectedly rose to 247,000, surpassing forecasts and weakening the US dollar. Softening Greenback Fuels Sterling’s Climb The British pound continued its upward trajectory on Thursday, supported by broad-based pressure […]
Read moreJune 5, 2025 1:52 pm
Key Moments: The European Central Bank slashed interest rates to 2% as Eurozone inflation eased to 1.9%. EUR/USD advanced by 0.64% to 1.1490 shortly after the rate cut was announced. The US Dollar Index plummeted 0.45% to levels unseen in weeks following a brief recovery on reports of a phone call between Donald Trump and […]
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