MUFG: Cooling Inflation Justifies RBI’s Rate Pause
MUFG Senior Currency Analyst Lloyd Chan highlights that India’s consumer price inflation (CPI), calculated under the new 2024 base year…
Category: Forex Analysis
USD/JPY: Yen Remains Under Pressure Amid Election Uncertainties – MUFG
MUFG analysts Lin Li, Michael Wan, and Lloyd Chan observe that Japan’s upcoming February 8 election is intensifying the Yen’s…
JPY Weakness Persists as USD/JPY Targets 156.50 Zone Despite DXY Softness
JPY Under Pressure Amid Fiscal Concerns as USD/JPY Tests 156.00 The Japanese Yen (JPY) continues its downward slide for the…
AUD/USD Consolidates as Weaker Greenback Precedes US ISM Services PMI
AUD/USD Holds Strong Near 0.7030 Amid RBA Hawkishness and Upbeat China Data The Australian Dollar continued its ascent against the…
EUR/USD Firms Above 1.1800 as Markets Await Key Eurozone Inflation Data
EUR/USD Inches Higher Near 1.1830 Ahead of Eurozone Inflation Data The EUR/USD pair edged upward toward 1.1830 during Wednesday’s early…
GBP/USD projected to trade within a range, according to UOB Group
According to UOB Group’s Senior Technical Strategist Quek Ser Leang and Senior FX Strategist Peter Chia, the GBP/USD pair is…
USD/INR Stabilizes Ahead of High-Stakes US-India Trade Dialogue
The Indian Rupee (INR) is trading flat at the start of the week, hovering around 90.45 against the US Dollar.…
GBP/USD Declines Towards 1.3100 Amidst Resurgent US Dollar Strength and UK Fiscal Ambiguity
The GBP/USD pair is starting the new week on a softer note, failing to build on its gains from the…
EUR/USD Dips Toward 1.1500 Despite Cautious ECB Stance
EUR/USD pair is extending its losses for a second consecutive session, trading around 1.1510 during Monday’s Asian hours. However, the…
NZD/USD Weakens Near 0.5600 as RBNZ Rate Cut Looms
The NZD/USD pair is losing ground, trading near 0.5605 during Monday’s early Asian session. The New Zealand Dollar (NZD) is…