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AUD/USD: Aussie Dollar Revisits Decade Lows

The Australian dollar was lower against the US dollar on Wednesday afternoon after a surge in US producer prices and some of the best American housing data since the financial crisis created a surge in demand for the US dollar as a haven from the economic uncertainty seen in other nations due to the coronavirus. […]


GBP/AUD: Aussie Lifted by PBOC Report

The British pound is lower against the Australian dollar on Wednesday as sentiment towards the coronavirus bounced back after a warning from Apple thanks to an assessment by the central bank in China. Meanwhile higher inflation data from the UK failed to usher in any Sterling strength. GBP/AUD was down by 35 pips (-0.19%) to […]


GBP/USD: King Dollar Sees off Sterling Strength

The British pound is lower against the US dollar on Wednesday with King Dollar higher across the board as evidence grows that the US economy is increasingly an island of strength in a sea of weaker global economic performance. GBP/USD was lower by 31 pips (+0.20%) at 1.3027 with a daily price range of 1.297 […]


Pound to Euro: Euro Pressured by Prospect of Dollar-Parity

The British pound is down against the euro on Wednesday afternoon with the euro pressured by soft construction data while a faster than expected pickup in UK inflation is being interpreted as more a of a risk to British consumers than raising the likelihood of a rate hike. GBP/EUR was lower by 25 pips (-0.20%) at […]


USD/HUF: Hungarian Forint Retreats after BUBOR Rate Spike

The US dollar is up against the Hungarian forint on Wednesday in a volatile trading session that saw the forint swing from big gains to losses as traders react to higher interbank lending rates in Hungary while also positioning for the release of Federal Reserve meeting minutes later. USD/HUF was higher by 52 pips (+0.17%) […]


GBP/CAD Drops 0.30% Despite UK’s Upbeat Inflation

GBP/CAD is bearish on Wednesday, even though the UK released surprisingly upbeat inflation data. Currently, the pair is trading at 1.7177, down 0.31% as of 10:30 AM UTC. The next support level for the pair is at 1.7160. GBP/CAD: UK CPI Rose More than Expected UK inflation unexpectedly increased to a six-month peak last month, […]


USD/PKR Advances as FATF Decides Whether to Remove Pakistan from Grey List

USD/PKR is increasing on Wednesday, after closing in the red on Monday and Tuesday. Currently, the pair is trading at 154.250, up 0.23%. The Pakistani government is controlling the rate of its national currency, which is why the rupee is not as volatile as floating currencies. PKR supported by exports, FATF decision in spotlight Pakistan’s […]


USD/INR: Rupee rises awaiting Deli coronavirus response

The US dollar is down against the Indian rupee on Wednesday morning as markets take a more favourable view on the likely economic impact of the coronavirus on Asian counties including India, while the dollar sees light selling before the release of Fed minutes later USD/INR was higher by 20 pips (+0.28%) to 71.52 with […]


USD/CAD: Loonie on The Rise before Canada CPI Data

The US dollar is down against the Canadian dollar on Wednesday morning with oil price supporting the commodity sensitive Loonie while price action is muted in the dollar in the lead up to the release of FOMC minutes later today. USD/CAD was lower by 23 pips (+0.17%) to 1.3232 with a daily range of 1.322 […]


GBP/AUD: Aussie Recovers Amid Fragile Coronavirus Optimism

GBP/AUD is bearish on Wednesday morning, after gaining 0.22% yesterday. Currently, one British pound buys 1.9417 Australian dollars, down 0.08% as of 7:13 AM UTC. However, the price is actually recovering right now from a daily low at 1.9395, which suggests that the bulls may win by the end of the session. The sterling remains […]