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GBP/USD dives to 1.3180 as Middle East tensions lift the US Dollar
The British Pound collapses on Monday as Middle East escalations push the Greenback higher, while Oil prices extend their gains for the fourth consecutive trading day. At the time of writing, the GBP/USD trades at 1.3184, down by more than 0.50%.
Fxstreet
Mon, Mar 30
USD/JPY retreats from intervention red line as Japan warns on Yen weakness
USD/JPY retreats on Monday and trades around 159.60 at the time of writing, down 0.44% on the day, after reaching a nearly 20-month high above 160.00 earlier in the day. The move lower follows renewed warnings from Japanese authorities about potential intervention in the foreign exchange market.
Fxstreet
Mon, Mar 30
EUR/USD slips to two-week lows below 1.1500 as USD strengthens
EUR/USD extends its losses on Monday, slipping back below the 1.1500 psychological mark as a broadly stronger US Dollar (USD) keeps the Euro (EUR) under pressure. At the time of writing, the pair trades near 1.1444, remaining on the back foot for a fifth consecutive day.
Fxstreet
Mon, Mar 30
USD/JPY: Verbal intervention slows slide in Japanese Yen – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret report that the Japanese Yen opened very weak, with USD/JPY spiking near 160.50 before stabilizing after fresh warnings of potential “bold action” from Japan’s Vice Finance Minister Mimura.Fxstreet
Mon, Mar 30
Silver Price Forecast: XAG/USD remains capped below 100-day SMA, downside risks persist
Silver (XAG/USD) trades on the front foot on Monday, supported by a pullback in US Treasury yields as traders reassess the Federal Reserve’s (Fed) monetary policy path. At the time of writing, XAG/USD is trading around $70.50, up nearly 1.0% on the day.Fxstreet
Mon, Mar 30
USD/CAD extends six-day advance as geopolitical tensions bolster US Dollar
USD/CAD trades around 1.3910 on Monday at the time of writing, up 0.12% on the day and extending its winning streak to six consecutive days. The pair is supported by a stronger US Dollar (USD) amid rising geopolitical tensions in the Middle East.
Fxstreet
Mon, Mar 30
EUR/GBP steady as geopolitical tensions, German inflation risks cap moves
EUR/GBP trades around 0.8680 on Monday at the time of writing, virtually unchanged on the day. Price action remains limited as investors adopt a cautious stance amid rising geopolitical tensions in the Middle East and ahead of key inflation data from Germany.
Fxstreet
Mon, Mar 30
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