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Pound Sterling holds onto gains against US Dollar ahead of US inflation data
The Pound Sterling (GBP) turns sideways after a strong rally in over a month around 1.2900 against the US Dollar (USD) in European trading hours on Tuesday. The GBP/USD pair trades firmly as the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, struggles...Fxstreet
Mar 11, 2025
Forex Today: Recession fears continue to dominate markets
Here is what you need to know on Tuesday, March 11: Growing fears over an economic downturn in the US and its potential activity on the global economic outlook triggered a selloff in major equity indexes at the start of the week.Fxstreet
Mar 11, 2025
EUR/USD Price Analysis: Rises above 1.0850 while remaining in overbought territory
The EUR/USD pair gains ground for the third successive session, trading around 1.0860 during the Asian hours on Tuesday. A technical examination of the daily chart indicates a bearish breakout as the pair breaks below an ascending channel pattern, suggesting a shift in momentum from buyers to...Fxstreet
Mar 11, 2025
Japanese Yen refreshes multi-month top against USD despite weaker Japan Q4 GDP
The Japanese Yen (JPY) climbed to a fresh multi-month top against its American counterpart during the Asian session on Tuesday despite the downward revision of Japan's Q4 GDP print, which complicates the Bank of Japan's (BoJ) plan for a further rate hike.
Fxstreet
Mar 11, 2025
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