AUD/USD is under mild downward pressure – UOB Group

Australian Dollar (AUD) is under mild downward pressure vs US Dollar (USD); it could edge lower but is unlikely to break below 0.6305 (there is another support at 0.6325). In the longer run, momentum is slowing; a breach of 0.6305 would indicate that AUD is likely to trade in a range instead of advancing, UOB … Read more

Pound Sterling gains against USD as investors see Trump’s tariff policies less fearful

The Pound Sterling rises around 1.2610 against the US Dollar while investors wait for more developments in President Trump’s international policies. The FOMC minutes showed on Wednesday that officials are worried about deepening upside risks to inflation. Investors await the UK Retail Sales report for January and the preliminary S&P Global UK/US PMI data for February, scheduled … Read more

Japanese Yen advances to over two-month high against USD on BoJ rate hike bets

The Japanese Yen continues to strengthen amid rising bets for additional BoJ rate hikes. Trump’s tariff threats weigh on investors’ sentiment but also benefit the safe-haven JPY.  The Fed’s hawkish outlook fails to impress the USD bulls or lend support to USD/JPY. The Japanese Yen (JPY) bulls retain control heading into the European session on … Read more

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