Author: finadmin

EUR/USD edges higher as US-Iran headlines weigh on the US Dollar

EUR/USD edges higher as US-Iran headlines weigh on the US Dollar

EUR/USD edges higher on Friday as fresh geopolitical developments surrounding the US-Iran war weigh on the US Dollar (USD) and support the Euro (EUR). At the time of writing, the pair is trading around 1.1768, hovering near its highest level in over a week. Reports suggest Iran has submitted a new proposal through Pakistani mediators […]

Uncertainty around economy, policy path has risen

Uncertainty around economy, policy path has risen

In a statement published on Friday, Federal Reserve Bank of Cleveland President Beth Hammack explained her decision to dissent against the Fed keeping an easing bias in the policy statement, saying that a “clear easing bias” is no longer appropriate given the current outlook. Key takeaways “Inflation pressures are broad-based, energy is driving up prices.” […]

USD/CHF hesitates above 0.7800 despite weak Swiss Retail Sales data

USD/CHF hesitates above 0.7800 despite weak Swiss Retail Sales data

The US Dollar (USD) remains practically flat against the Swiss Franc (CHF) on Friday, wavering within a few pips above 0.7800, on track for a 0.35% weekly loss after dropping from highs above 0.7900 the previous day. The softer-than-expected Swiss Retail Sales data have failed to impact the pair, while an alleged intervention by Japanese […]