Forex

Here is what you need to know on Wednesday, December 17:The US Dollar Index (DXY) tumbled below 98.00 on Tuesday, reaching its lowest level since the beginning of October. The…

The Japanese Yen (JPY) strengthens against the US Dollar (USD) on Tuesday as the Greenback remains on the back foot following the release of the delayed October and November…

Pound Sterling outperforms on key UK data, US NFP eyedThe Pound Sterling (GBP) extend its intraday upside move against its major currency peers on Tuesday, following the release of…

GBP/USD erupts as soft US jobs data crush the DollarThe GBP/USD surges 0.42% on Tuesday as the latest US jobs report revealed the labor mark weakness, while Retail Sales were…

The GBP/USD surges 0.42% on Tuesday as the latest US jobs report revealed the labor mark weakness, while Retail Sales were unexpectedly unchanged from September figures, an…

Retail Sales in the United States were virtually unchanged at $732.6 billion in October, the US Census Bureau reported on Tuesday. This print followed the 0.1% increase (revised…

The Euro (EUR) weakens against the British Pound (GBP) on Tuesday, as Sterling outperforms most major peers following the release of UK labour market data. At the time of writing,…

EUR/USD is trading near its highest level since October 1 as Eurozone PMI data showed a modest slowdown, while German ZEW expectations improved sharply. The relative policy stance…

Brent Crude fell below $60 per barrel this morning, marking the lowest level in more than seven months, while WTI closed at its weakest since February 2021. Optimism over a…

The Chinese Yuan (CNY) continued its steady appreciation, supported by a weaker US Dollar (USD), with USD/CNY falling to 7.0471. Banking sector foreign currency reserves rose…