Initial Jobless Claims in the US declined by 9,000 in the week ending December 28. US Dollar Index clings to strong gains above 108.50 after the data. There were 211,000 initial jobless claims in the...
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EUR/USD declines below a two-year low of 1.0330 as the US Dollar gains further. The USD gains as the Fed has guided fewer rate cuts in 2025. Investors expect the ECB to cut interest rates...
USD/CAD retreats after touching a fresh multi-year peak earlier this Thursday. The overbought RSI prompts some profit-taking amid subdued USD price action. The recent breakout through an ascending trend channel favors bullish traders. The USD/CAD...
The EUR/USD pair weakens to near 1.0370 during the Asian trading hours on Thursday. The hawkish rate cut by the US Federal Reserve (Fed) lifts the US Dollar (USD) and drags the major pair lower. Later...
USD/JPY rises as the Federal Reserve cut its benchmark interest rate by 25 basis points (bps) to a target range of 4.25% – 4.50%. The Federal Reserve lowered the policy rate by 25 basis points...