New Zealand holds gains near 0.5900 despite weaker China PMI data

New Zealand holds gains near 0.5900 despite weaker China PMI data

The NZD/USD pair holds positive ground near 0.5890 during the Asian trading hours on Monday. The New Zealand Dollar (NZD) remains firm despite the downbeat Chinese economic data. Traders will closely monitor the developments surrounding the US-Iran peace talks and await the release of the US ISM Manufacturing PMI data, which is due later on […]

Trump holds off Iran strikes on pledge Hormuz deal is close

Trump holds off Iran strikes on pledge Hormuz deal is close

Here’s a brief recap of the key developments in the Middle East war that occurred over the weekend, which are expected to have a significant impact on markets in the upcoming week. US President Donald Trump said that he’s holding off delivering new strikes on Iran on the basis of “rapidly” reaching a deal on […]

Japanese Yen strengthens against British Pound amid intervention speculation

Japanese Yen strengthens against British Pound amid intervention speculation

GBP/JPY extends its slide on Friday as suspected intervention by Japanese authorities rattles the FX market and lifts the Yen across the board, pushing the cross further away from the multi-year high of 219.16 touched earlier this month. At the time of writing, GBP/JPY trades around 213.75, hovering near June lows. Reuters reported, citing a […]