It is export demand that hurts the South Korean won, according to economists at ANZ Bank. USD/KRW is trading at 1218.32. Key quotes “Similar to China,
Blogs
USD/JPY sits at six-week lows near 106.50 ahead of US GDP, FOMC
Having reached the lowest levels in six weeks at 106.51 in Asia, USD/JPY has entered a phase of downside consolidation, as a sense of calm prevails ah
BOJ’s Kuroda: Hope BOJ’s step helps ease private-sector corporate funding via loans from financial institutions
The Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Tuesday, he hopes BOJ’s step helps ease private-sector corporate funding via loans from finan
EUR/USD: Looking for a loophole in the range
EUR/USD momentum is positive as the pair trades above the 50 SMA, yet below the 100 and 200 SMAs. All in all, the picture is mixed, FXStreet’s analyst
USD/CHF: The 0.9795/0.9802 resistance zone continues to cap – Commerzbank
USD/CHF has again been rejected by the 200-day moving average and the current April peak at 0.9796/0.9802, analysts at Commerzbank apprise. Key quotes
EUR/USD: No positive stance yet – OCBC
Terence Wu, an FX strategists at OCBC Bank, is not convinced yet to confirm a bullish outlook on the EUR/USD pair. Key quotes “The EUR/USD bounce appr
AUD/USD: The 0.6580 region now emerges on the radar – UOB
Further gains in AUD/USD could see the 0.6580 area revisited in the next weeks, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “We highli
AUD/USD continues scaling higher, hits fresh multi-week tops near mid-0.6500s
The greenback remained depressed through the Asian session on Wednesday and lifted the AUD/USD pair to 1-1/2-month tops, around mid-0.6500s in the las
Crude Oil Futures: Mild recovery stays in the pipeline
CME Group’s advanced figures for Crude Oil futures markets showed investors added around 69K contracts to their open interest positions on Tuesday. In
US: Consumer Confidence crumbled in April – BMO
The Conference Board’s Consumer Confidence Index was a horrible headline, but fully expected and understandable. Jennifer Lee from the Bank of Montrea