GBP/USD surges past 1.3600 as Yen intervention batters Dollar

GBP/USD surges past 1.3600 as Yen intervention batters Dollar

GBP/USD clears the 1.3600 barrier, up over 0.50%, as the Greenback gets battered for the second straight day amid speculation that Japanese authorities continued an intervention in the FX space to prop up the Yen. At the time of writing, the pair trades at 1.3650, up 0.38% near a ten-week high. Sterling climbs as Iran […]

NZD/USD edges higher near highs as US data, Iran tensions weigh

NZD/USD edges higher near highs as US data, Iran tensions weigh

NZD/USD trades around 0.5915 on Friday at the time of writing, up 0.10% on the day, near recent highs around the 0.5930 area. The pair’s rebound comes as the US Dollar (USD) eases slightly, with the US Dollar Index (DXY) hovering near 97.90, down 0.23%, despite an ongoing tense geopolitical backdrop. Tensions in the Middle […]

USD/JPY steadies after Japan’s intervention checks Yen slide

USD/JPY steadies after Japan’s intervention checks Yen slide

USD/JPY turns flat in the day after diving to a daily low of 155.48 during Friday’s session, in the aftermath of two straight days of Japanese authorities intervening in the FX markets to strengthen the Yen, which had weakened past the 160.00 figure. The pair trades at 156.67, flattish. USD/JPY holds flat as Tokyo action […]

Silver price advances as Fed stays hawkish, inflation risks build

Silver price advances as Fed stays hawkish, inflation risks build

Silver (XAG/USD) trades around $76.00 on Friday at the time of writing, up 3.05% on the day, supported by renewed demand despite a macroeconomic backdrop that remains challenging for non-yielding assets. The white metal benefits from a rebound after consolidating earlier in the week, as investors reassess the outlook for monetary policy in the United […]