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Japanese Yen turns upside down against US Dollar as dovish Fed bets recede
The Japanese Yen (JPY) gives back its early gains and turns negative against the US Dollar (USD) during the European trading session on Thursday. The USD/JPY pair rises to near 157.35 as the US Dollar resumes its upside journey after a corrective move.
Fxstreet
Thu, Mar 5
USD/CAD Price Forecast: Hand holds 20-day EMA amid US-Iran war
The USD/CAD pair trades flat at around 1.3645 during the European trading session on Thursday. The Loonie pair consolidates as the recovery move in the US Dollar (USD) after a slight correction has offset the strength in the Canadian Dollar.
Fxstreet
Thu, Mar 5
AUD/USD Price Forecast: Trades around 0.7050 after breaking below nine-day EMA
AUD/USD pares its recent gains from the previous session, trading around 0.7050 during the early European hours on Thursday. The technical analysis of the daily chart indicates that the pair is remaining within the ascending channel pattern, indicating that bullish bias prevails.
Fxstreet
Thu, Mar 5
New Zealand Dollar weakens below 0.5950 amid persistent geopolitical risks
The NZD/USD pair trades in negative territory around 0.5920 during the early European trading hours on Thursday. The New Zealand Dollar (NZD) softens against the Greenback on escalating conflict in the Middle East.
Fxstreet
Thu, Mar 5
USD/CHF remains stronger near 0.7800 on fading Fed rate cut odds
USD/CHF pares its recent losses from the previous session, trading around 0.7800 during the Asian hours on Thursday. The pair appreciates as the US Dollar (USD) gains ground, as the Iran conflict has entered its sixth day.
Fxstreet
Thu, Mar 5
EUR/JPY Price Forecast: Softens below 182.50, retains bullish bias above 100-day EMA
The EUR/JPY cross loses traction to near 182.35 during the early European session on Thursday. The Japanese Yen (JPY) edges higher against the Euro (EUR) as rising geopolitical tensions in the Middle East drive investors toward safe-haven assets.
Fxstreet
Thu, Mar 5
EUR/USD Price Forecast: Falls to near 1.1600 due to persistent bearish bias
EUR/USD depreciates after registering modest gains in the previous session, trading around 1.1610 during the Asian hours on Thursday. The technical analysis of the daily chart suggests a persistent bearish bias as the EUR/USD pair remains within the descending channel pattern.Fxstreet
Thu, Mar 5
Japanese Yen edges higher above 156.50 as Middle East conflict fuels safe-haven demand
The USD/JPY pair trades in negative territory near 156.85 during the Asian trading hours on Thursday. Escalating conflict in the Middle East leads to a safe-haven bid for the Japanese Yen (JPY) against the US Dollar (USD).Fxstreet
Thu, Mar 5
NZD/USD holds onto gains near 0.5950 as US Dollar’s rally hits pause
The NZD/USD pair clings to Wednesday’s gains near 0.5950 during the Asian trading session on Thursday. The Kiwi pair shows strength as the US Dollar’s (USD) rally hits a pause, with the US Dollar Index (DXY) struggling to extend gains above the fresh three-month high of 99.68 posted on Tuesday.Fxstreet
Thu, Mar 5
AUD/JPY drops below 111.00 as Australia’s Trade Surplus narrows
AUD/JPY depreciates after registering mild gains in the previous session, trading around 110.80 during the Asian hours on Thursday. The currency cross remains subdued following the release of Australia’s Trade Balance data.
Fxstreet
Thu, Mar 5
Canadian Dollar jumps above 1.3600 on rising crude oil prices
The USD/CAD pair loses ground to near 1.3630 during the early Asian session on Thursday. The Canadian Dollar (CAD) gathers strength against the Greenback amid a jump in oil prices. Traders will take more cues from the US weekly Initial Jobless Claims reports later on Thursday.Fxstreet
Thu, Mar 5
EUR/USD edges lower below 1.1650 as Middle East tensions fuel US Dollar strength
The EUR/USD pair trades in negative territory around 1.1635 during the early Asian session on Thursday. The US Dollar (USD) strengthens against the Euro (EUR) as escalating Middle East conflict boosts safe-haven flows.Fxstreet
Thu, Mar 5
AUD/USD Price Forecast: Rises towards 0.7080 on overall USD weakness
The AUD/USD reversed its course, climbing some 0.61% on Wednesday as the US Dollar remains on the backfoot due to an improvement in market mood, sponsored by solid US economic data. At the time of writing, the pair trades at 0.7077, poised to end near the day’s high.Fxstreet
Wed, Mar 4
USD/MXN trips down towards 17.56 as risk appetite boosts Mexican Peso
The Mexican Peso recovers some ground on Wednesday due to an improvement in risk appetite even though hostilities in the Middle East, extended for the fifth consecutive day. Solid US economic data was ignored by MXN bulls, as depicted by the USD/MXN pair which trades at 17.56, down 0.74%.
Fxstreet
Wed, Mar 4
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