British Pound edges lower as USD steadies; bullish bias remains

The GBP/USD pair edges lower during the Asian session on Thursday and retreats further from its highest level since May 11, touched the previous day. Spot prices slip below the 1.3600 mark in the last hour, though the fundamental backdrop seems tilted in favor of bulls and backs the case for the emergence of some […]

New Zealand Dollar rallies as Treasury buyback drags US yields

The New Zealand Dollar (NZD) rallies against the US Dollar (USD), pushing north of the 0.5930 mark. The move is driven by broad weakness in the Greenback rather than anything out of New Zealand. The trigger was the United States (US) Treasury Department. It said it will at least double its buyback operations for longer-dated […]