The US Dollar (USD) struggled to attract buyers early Thursday despite a fresh escalation in tensions in the Middle East. Investors shifted their focus toward upcoming US economic data releases and comments from central bank officials while monitoring developments in the region. The US economic calendar is scheduled to feature weekly Initial Jobless Claims and
Investor sentiment turned cautious on Wednesday as markets assessed the latest developments surrounding the conflict in the Middle East, while attention shifted to the upcoming release of the minutes from the US Federal Reserve’s June Federal Open Market Committee meeting. Market participants remained focused on geopolitical developments during the European session, with concerns over escalating
Markets remained cautious on Tuesday as investors closely monitored developments in the Middle East while awaiting fresh economic data from the United States. With no major high-impact data releases scheduled for the early part of the day, market participants focused on geopolitical headlines and remarks from central bank officials. Later in the session, attention is
Global markets began the week on a cautious note as investors awaited the return of normal trading conditions following the three-day weekend in the United States. Market participants remained focused on a series of scheduled economic releases and speeches from major central bank officials later in the day. The Bank of Canada is also set
The British pound was on track to record its biggest weekly gain against the US dollar in 12 weeks on Friday. The currency was supported by easing domestic political concerns and weaker-than-expected US labour market data, which weighed on the dollar. Sterling rose 0.1% to $1.3357 during the session. The move brought its weekly gain
The USD/ZAR pair was little changed on July 1 as traders reacted to hawkish remarks by South African Reserve Bank (SARB) Governor Lesetja Kganyago, who spoke at the European Central Bank (ECB) forum in Portugal. The pair was trading at 16.40, a few pips below last month’s high of 16.67. SARB may hike interest rates
The Japanese Yen weakened to its lowest level against the US Dollar in nearly four decades on the final trading day of the second quarter, as investors turned their attention to a series of major economic releases and ongoing geopolitical developments. The USD/JPY pair was around 162.00 mark during Asian trading, reaching its highest level
The foreign exchange market opened the week on a cautious note as the US dollar held firm against major currencies, supported by safe-haven demand amid renewed geopolitical tensions in the Middle East. Investors closely monitored developments between the United States and Iran while awaiting key macroeconomic events, including the European Central Bank’s annual forum and
Global financial markets remained under pressure during the European morning on Friday as investors continued to adopt a cautious approach following steep declines across Asian equity markets. A sustained selloff in technology stocks weighed heavily on market sentiment, while traders looked ahead to speeches from several US Federal Reserve policymakers later in the day. The
The British pound was on track for its worst monthly performance against the dollar since July 2025 on Thursday, as fading interest rate support and renewed political uncertainty weighed on sterling. The decline comes in a week that marked the 10th anniversary of the Brexit vote and followed the resignation of Labour Prime Minister Keir