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Share: FOMC Minutes passed unnoticed as the Fed reaffirmed its wait-and-see stance. Better than anticipated European data provided support to the shared currency. EUR/USD retains gains near 1.1900 and could extend its gain towards the 1.2000 area. The EUR/USD pair peaked at 1.1914 this Wednesday, its highest since March 23. The shared currency was supported by encouraging EU data, while the greenback, on the other hand, was hit by a continued decline in government bond yields and dismal local data. US President Joe Biden addressed the nation, defending his infrastructure investment plan but...

Share: The EU April Sentix Investor Confidence printed at 13.1, beating expectations. US Treasury yields edged sharply lower, weighing on the American currency. EUR/USD is technically bullish in the short-term, still depends on the greenback’s behaviour. The American dollar extended its slump this Tuesday, with EUR/USD hitting 1.1873, its highest in two weeks. The pair fell at the beginning of the week as news from China spurred some risk-aversion, but the positive mood resumed with London and accelerated in US trading hours, with government bond yields falling sharply and dragging the gr...

Share: The RBA left its monetary policy unchanged as widely anticipated. Broad dollar’s weakness helped the pair post a modest intraday advance. AUD/USD gains bullish traction, still needs to move above 0.7700. The AUD/USD pair finishes Tuesday with modest gains trading in the 0.7660, price zone. The Reserve Bank of Australia announced its latest monetary policy decision earlier in the day, but as widely anticipated, they maintained the official cash rate at a record low of 0.10%. Policymakers also maintained its target of 10 basis points for yield on a 3-year Australian government bond,...

Share: RBA Minutes hinted at an ultra-loose monetary policy at least until 2024. US indexes edged lower after struggling to post some gains. AUD/USD trades lower in range and could accelerate its decline once below 0.7690. The AUD/USD pair is pretty much unchanged, around 0.7750 for a second consecutive day, as investors struggled with mostly discouraging news. The pair fell intraday to 0.7710, as the Minutes of the latest Reserve Bank of Australia meeting showed that policymakers are committed to maintaining the ultra-loose monetary policy, as they don’t expect a tight enough labour market...

EUR/USD Current Price: 1.1987 The ECB will increase the pace of bond-buying “significantly,” starting today. Lower US Treasury yields amid ...