EUR/USD slides as Middle East tensions and Fed hike bets boost US Dollar

EUR/USD slides as Middle East tensions and Fed hike bets boost US Dollar

The Euro (EUR) trades on the back foot against the US Dollar (USD) on Monday as reports of renewed attacks in the Middle East lift the Greenback. At the time of writing, EUR/USD is trading around 1.1690, down about 0.25% on the day. Meanwhile, the US Dollar Index (DXY), which tracks the Greenback’s value against […]

USD/JPY steadies after suspected Japan intervention, US data in focus

USD/JPY steadies after suspected Japan intervention, US data in focus

USD/JPY trades around 157.00 on Monday, virtually unchanged on the day, after a sharp move during the Asian session briefly sent the pair down to 155.71 before a swift rebound. This sudden move, without any clear fundamental catalyst, is fueling speculation of another intervention by Japanese authorities in the foreign exchange market. The Ministry of […]

Gold declines as hawkish interest rate outlook and firm US Dollar weigh

Gold declines as hawkish interest rate outlook and firm US Dollar weigh

Gold (XAU/USDS) kicks off the week under pressure, hovering near one-month lows as hawkish interest rate expectations continue to weigh on the non-yielding metal amid ongoing tensions in the Middle East. At the time of writing, XAU/USD is trading around $4,560, down nearly 1.10% on the day. Strait of Hormuz tensions keep markets on edge […]