NZD/USD has fallen back towards sub-0.6450 weekly lows
The New Zealand dollar, whilst not the worst performer on the day (the yen once again takes that crown as it gets battered by the BoJ’s persistently dovish stance), is once again one of the G10 worst-performing currencies. A rise in US government bond yields, with the 10-year last trading around 6 bps higher above […]
USD/CAD witnessed fresh selling on Wednesday
The USD/CAD pair struggled to preserve its modest intraday recovery gains and met with a fresh supply near the 1.2560 area on Wednesday. The intraday downfall dragged spot prices to the lowest level since April 21, around the 1.2520 region during the early North American session. Despite rising US Treasury bond yields and the prevalent […]
AUD/USD turned lower for the third straight day
The AUD/USD pair witnessed aggressive selling during the early North American session and turned lower for the third successive day in reaction to stronger US consumer inflation figures. The pair was last seen trading around the 0.7080-0.7075 region, or over a two-week low, down 0.25% for the day. According to the data released this Friday, […]