Tag: USD
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Pound Sterling Reverses Early Gains as GBP/USD Dips Near 1.3520
GBP Reverses Early Gains Against the US Dollar The Pound Sterling (GBP) gave back its brief strength against peers during Tuesday’s European trading session, slipping toward the 1.3520 area against the U.S. dollar (USD). After trading higher in the early hours, GBP/USD cooled as the U.S. dollar recovered from its earlier losses, underscoring a broader…
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Pound Sterling Reverses Gains as GBP/USD Dips Near 1.3520 on Tuesday
Summary: A Reversal in the GBP/USD Narrative The Pound Sterling faced a sharp reversal against its peers on Tuesday, giving back earlier gains as the USD rebounded from intraday losses. In the European session, the GBP/USD pair traded down toward the 1.3520 region, underscoring renewed volatility in the currency market. Traders cited a combination of…
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Pound Sterling Slumps as GBP/USD Dips on European Trading Session
Overview: Pound Sterling Reverses Early Gains The Pound Sterling faces renewed weakness against its peers, slipping from its earlier gains as the European trading session unfolds. The GBP/USD pair has retreated toward the 1.3520 level as the US Dollar rebounds after a brief dip, signaling renewed demand for the greenback among investors. This turn in…
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Ringgit Opens Higher on Fed Minutes, but Upside Limited in 2025 Year-End Trade
Ringgit Opens Higher as Fed Minutes Signal Slower Rate Hikes The ringgit edged higher on the last trading day of 2025, edging up against the US dollar as markets digested the latest signals from the Federal Reserve. Minutes from the Federal Open Market Committee (FOMC) released overnight suggested a more cautious stance on future rate…
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Ringgit Opens Higher on Last Day of 2025 Despite Fed Outlook
Ringgit edges higher as year-end US dollar softens The ringgit extended its rally on the last day of 2025, nudging higher against the U.S. dollar as global markets assessed the latest Federal Reserve signals. Local traders in Kuala Lumpur reported modest gains for the Malaysian currency in early trading, with the ringgit trading above the…
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PKR Extends 67th Day of Gains Against USD as Rupee Climbs vs Major Currencies
Overview: PKR Extends Winning Streak Against USD The Pakistani rupee (PKR) continued its surprising strength against the United States dollar (USD), marking the 67th consecutive day of gains in late trading on Friday. Investors cheered a combination of improving domestic macro signals, cautious optimism about IMF program progress, and a generally softer greenback, helping the…
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Mexican Peso Surges as U.S. Dollar Softens on Fed Rate Cut Bets
Market Summary: Peso Strength Follows a Weaker U.S. Dollar The Mexican peso advanced against the U.S. dollar on Tuesday, with traders citing renewed confidence that the Federal Reserve could begin cutting interest rates in December. The peso’s rally came as the dollar softened more broadly, helping to lift risk appetite in Latin American currencies and…
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Mexican Peso Rises as U.S. Dollar Weakens on Fed Rate Cut Bets
Mexican Peso strengthens as dollar weakens The Mexican Peso advanced on Tuesday, trading around the 18.38 per dollar level as a softer U.S. dollar boosted sentiment across Latin American currencies. Traders scaled back expectations for aggressive U.S. rate hikes and instead priced in a potential Federal Reserve rate cut later this year, providing much-needed relief…
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AUD/USD Dips as Aussie PMI Looms and RBA Inflation Focus Holds Markets
USD Dips Ahead of Australian PMI as RBA Monitor Inflation The currency pair AUD/USD traded around 0.6440 in European trading on Thursday, edging lower as investors positioned themselves ahead of the flash S&P Global Purchasing Managers’ Index (PMI) for November. The broader backdrop remains cautious, with traders balancing domestic Australian data against ongoing U.S. dollar…
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USD Treads Lower as AUD Pauses Ahead of Australian PMI and RBA Inflation Watch
USD weakness persists ahead of Australian PMI and RBA commentary The U.S. dollar continued to soften on Thursday as traders positioned for upcoming Australian data, with the AUD/USD pair trading lower around 0.6440 at the time of writing. Market attention has shifted to the flash S&P Global Purchasing Managers’ Index (PMI) for November, due for…