USD/CAD extends rally to near 1.3830 amid uncertainty over Middle East conflicts

USD/CAD extends rally to near 1.3830 amid uncertainty over Middle East conflicts

The USD/CAD pair extends its winning streak for the fourth trading day on Thursday and jumps to near 1.3830 during the Asian trading session, the highest level seen in two months. The Loonie pair trades firmly as the US Dollar (USD) rises amid uncertainty surrounding the war in the Middle East, which involves the United […]

AUD/USD steadies near 0.6950 as geopolitics drive USD demand

AUD/USD steadies near 0.6950 as geopolitics drive USD demand

The Australian Dollar begins Thursday’s session with minuscule gains of 0.04%, after posting losses of 0.68% on Wednesday, courtesy of broad US Dollar strength, despite improved risk appetite. At the time of writing, the AUD/USD trades at 0.6950. Aussie pares losses after softer Australian inflation, but broad US Dollar strength keeps upside limited Geopolitics are […]

NZD/USD hovers near 0.5800 as firm USD and geopolitical tensions cap upside

NZD/USD hovers near 0.5800 as firm USD and geopolitical tensions cap upside

The NZD/USD pair fell to the 0.5800 region, remaining under pressure as the US Dollar (USD) stays firm amid geopolitical uncertainty and elevated yields. The Greenback continues to draw support from rate differentials and safe-haven demand, particularly as uncertainty resurfaced after Iran signaled reluctance to engage with the United States (US), keeping markets cautious and […]