Forex

Pound Sterling slumps to near 1.2700 on global risk-aversion The Pound Sterling (GBP) remains on the back foot against its major peers but performs strongly…

USD/JPY and AUD/USD are back above 145 and 0.65 this morning amid profit-taking in the Asia ex-Japan currencies, OCBC senior FX strategist Philip Wee notes.…

Silver price weakens as the US Dollar and bond yields recover. The Fed is expected to cut interest rates by 50 bps in September. Investors’ concerns over…

Instead of continuing to weaken, the US Dollar (USD) is likely to trade in a 7.1100/7.1700 range. Further USD weakness is not ruled out, but the low near…

The Pound Sterling falls against the US Dollar to near 1.2750 amid weak appeal for risk-sensitive currencies. Investors worry that the US economy could…

The Japanese Yen pulls back from six-month highs due to slowing unwinding of carry trades. The downside of the JPY could be limited due to increasing odds…

Palladium prices (XPD/USD) rose on Tuesday, according to FXStreet data. Palladium trades at $853.34 per troy ounce, up 0.15% from the $852.05 it cost…

AUD/NZD remains stronger following the RBA’s decision to keep the Official Cash Rate at 4.35% at Tuesday’s meeting. The upside Australian Dollar could be…

Japan’s Chief Cabinet Secretary Yoshimasa Hayashi said on Tuesday that “wage rises will likely spread to part-timers, small businesses toward autumn with…

WTI attracts some buyers on Tuesday amid rising geopolitical tensions in the Middle East.  China’s economic woes, along with US recession fears, keep a lid…