Swiss Franc trims losses against US Dollar amid Japanese intervention concerns

Swiss Franc trims losses against US Dollar amid Japanese intervention concerns

USD/CHF trims part of its earlier gains on Friday as the US Dollar (USD) struggles to regain momentum following Thursday’s sharp sell-off, which was driven by suspected intervention by Japanese authorities to curb excessive weakness in the Japanese Yen (JPY). At the time of writing, the pair trades around 0.8086 after reaching an intraday high […]

British Pound holds firm as USD rebounds from intervention rout

British Pound holds firm as USD rebounds from intervention rout

The Pound Sterling retreats some 0.02% on Friday as the Greenback stages a recovery following Thursday’s intervention day, which weakened the US Dollar Index (DXY) to a 30-day low. At the time of writing, the GBP/USD trades at 1.3458, virtually unchanged. GBP/USD steadies as improved US sentiment The US Dollar is headed for one of […]

Australian Dollar holds despite weak Chinese PMIs

Australian Dollar holds despite weak Chinese PMIs

AUD/USD trades around the 0.7020 area during Friday’s American session. The pair remains under mild pressure as disappointing Chinese business activity data offsets stronger Australian inflation expectations, while renewed hawkish comments from Federal Reserve (Fed) officials provide fresh support for the US Dollar. China’s National Bureau of Statistics reported that the Manufacturing PMI fell to […]