Tag Archives: Currencies

AUD/USD eases from two-month peak on modest USD strength, downside seems cushioned

AUD/USD witnesses a modest pullback from the vicinity of a two-month high set on Thursday. The USD short-covering move is seen as a key factor exerting downward pressure on the pair. The risk-on impulse offers some support to the risk-sensitive aussie and limits the downside. The AUD/USD pair faces rejection near a technically significant 200-day… Read More »

USD/CAD steadily climbs to daily high, up a little around 1.2775 amid modest USD strength

USD/CAD attracts some dip-buying on Friday amid a modest pickup in the USD demand. The prospects for additional Fed rate hikes, elevated US bond yields benefit the greenback. The recent rally in oil prices could underpin the loonie and keep a lid on any further gains. The USD/CAD pair rebounds a few pips from the… Read More »

EUR/GBP spikes to two-and-half-week high, 0.8500 mark back in sight

EUR/GBP gains traction for the second straight day and climbs to over a two-week high on Friday. The BoE’s bleak outlook offsets mostly better-than-expected UK data and undermines the GBP. Upbeat Eurozone Industrial Production figures further provide a lift to the cross in the last hour. Concerns about the energy crisis in Europe  could act… Read More »

GBP/JPY sticks to gains near daily high, holds comfortably above mid-162.00s

GBP/JPY gains some positive traction on Friday and recovers further from the weekly low. Mostly better-than-expected UK macro data benefits the British pound and offers support. The offered tone surrounding the safe-haven JPY remains supportive of the positive move. The GBP/JPY cross builds on the overnight goodish bounce from the 161.25 area, or the weekly… Read More »