Dollar Rebound Pauses, FX Range-Bound as Markets Awaits Fedspeaks

The forex markets display a calm demeanor in the Asian session, with most major pairs and crosses gyrating in very tight ranges. Australian Dollar finds modest support from the state orchestrated rebound in Chinese Yuan. However, this lift hasn’t translated into clear momentum for an extended rally in Aussie. Meanwhile, Yen continues to pare back […]

Yen jumps broadly in Asian trading today, boosted by heightened government warnings against the recent selloff on the currency. Japanese Finance Minister Katsunobu Kato issued a strong statement addressing the “one-sided and drastic moves” in Yen, confirming that the government is monitoring the situation with the “utmost sense of urgency.” He emphasized Japan’s commitment to […]

While Euro maintains its strength against Dollar, its performance is more mixed against other major currencies. The market’s attention is now focused on the upcoming ECB rate decision and press conference. It is broadly anticipated that ECB will maintain deposit rate at 3.75% and main refinancing rate at 4.25% correspondingly. President Christine Lagarde is expected […]