British Pound struggles as traders evaluate BoE policy, UK political developments

British Pound struggles as traders evaluate BoE policy, UK political developments

GBP/USD steadies after three days of losses, trading around 1.3430 during the Asian hours on Tuesday. After recently surging toward two-month highs near 1.3550, the pair has moderated as foreign exchange traders evaluate shifting monetary policies between the Bank of England (BoE) and the US Federal Reserve (Fed) alongside political developments in the United Kingdom […]

Upside bias against US Dollar below 6.7820 – UOB

Upside bias against US Dollar below 6.7820 – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann see USD/CNH consolidating intraday between 6.7710 and 6.7820 after quiet recent trading. For the next 1–3 weeks, the pair is expected to trade with a downside bias toward 6.7600, provided 6.7820 strong resistance is not clearly breached. On a multi-month view, a sustained recovery […]

Mexican Peso gains as risk appetite boosts Peso, weighs on USD

Mexican Peso gains as risk appetite boosts Peso, weighs on USD

The Mexican Peso gains some ground versus the Greenback on Monday, up by 0.66% as risk appetite improves despite escalating tensions in the Middle East. At the time of writing, the USD/MXN trades at 17.43 after hitting a daily high of 17.55 USD/MXN falls as EM demand offsets Middle East risk Geopolitics are driving financial […]

Trump declares retaliation against Iran automatic in Truth Social post

Trump declares retaliation against Iran automatic in Truth Social post

Donald Trump opened the week on Truth Social with a promise that every American soldier killed by Iran will be repaid many times over, a directive he says has been passed to Secretary of War Pete Hegseth, Joint Chiefs of Staff Chairman Daniel Caine, and every leader in the military. The post lands after a […]