The USD/JPY exchange rate continued rising this week, reaching its highest level since February 10 after Sanae Takaichi nominated two dovish central bank officials. It rose to a high 156, much higher than the year-to-date low of 152.28. Sanae Takaichi nominates dovish Bank of Japan officials The Japanese yen has retreated in the past few
The USD/CNY exchange rate continued its strong downward trend this week, reaching its lowest level since April 2023. It dropped to a low of 6.8955, down sharply from the all-time high of 7.3500 as the Chinese yuan gains steam. Chinese yuan gains steam after the Supreme Court tariff ruling The USD/CNY pair continued its strong
The NZD/USD exchange rate continued its strong rally last week, reaching its highest level since June last year. It has now soared in the last five consecutive weeks as investors anticipated a potential divergence between the Federal Reserve and the Reserve Bank of New Zealand (RBNZ). RBNZ interest rate decision The NZD/USD exchange rate will
The South African rand remains in a bull market as the country’s economic recovery gains steam. The USD/ZAR pair dropped to 15.92 on Monday, down sharply from last year’s high of 19.93, and technicals point to more downside in the near term. South African rand rallies as the economic growth gains steam The South African
The Australian dollar pulled back slightly on Tuesday after the Reserve Bank of Australia (RBA) released minutes of its last monetary policy meeting and as traders waited for key macro data from the country. The AUD/USD pair was trading at 0.7060 on Tuesday, down a bit from the year-to-date high of 0.7145. Australia jobs report
The Japanese yen wavered on Wednesday as investors reacted to the ongoing bearish bets on the US dollar, soaring Japanese exports, and wait for the upcoming Japanese consumer inflation report. The USD/JPY exchange rate was trading at 153.55 on Wednesday, down by nearly 4% from its highest level this year. Japan exports jump, inflation report
The USD/INR exchange rate continued its recovery this year, moving from a low of 83.77 in May last year to the current 91. This recovery continued this week as Indian bond yields and business activity rose. Indian bond yields and business activity are rising The USD to INR exchange rate rose on Friday as India
The ASX 200 Index and the AUD/USD exchange rate continued the uptrend this week as demand for Australian assets jumped. The index jumped to $9,060, its highest level since October 29, and 8% above its lowest level in November last year and above its 2025 low. Similarly, the AUD/USD exchange crossed the important resistance level
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The USD/ZAR exchange rate remained under pressure, moving from a high of 19.93 in April last year to the current 16. The South African rand surge may accelerate in the coming weeks, helped by the strong macro data from the country. South African exports are soaring despite US tariffs Macro data released on Monday showed