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The Japanese Yen (JPY) shows weakness against the US Dollar (USD) during the Asian trading session on Friday. The USD/JPY pair holds onto gains near its weekly high of 155.20 posted on Thursday. The pair is under pressure as the US Dollar continues to outperform due to signals from Federal Open Market Committee (FOMC) Minutes of the January policy meeting that officials see no rush for interest rate cuts, with inflation remaining persistently above the Federal Reserve’s (Fed) 2% target.As of writing, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades firmly near the…

Gold price (XAU/USD) holds positive ground near $5,000 during the early Asian session on Friday. The precious metal edges higher as escalating tensions between the United States (US) and Iran boost safe-haven demand. Traders brace for the preliminary reading of US Gross Domestic Product (GDP) for the fourth quarter (Q4), the Personal Consumption Expenditures (PCE) and the S&P Global Purchasing Managers Index (PMI) data, which are due later on Friday.US President Donald Trump said on Thursday that Iran had 10 to 15 days at most to strike a deal over its nuclear program, per Bloomberg. Trump added that  “really bad…

Commerzbank’s Tatha Ghose argues that recent fragmentation in Poland’s ruling coalition reinforces domestic political risk as a key drag on the Zloty. Despite assurances from Prime Minister Tusk about government stability and a “stable zloty,” the currency has underperformed peers. Ghose expects political risk to persist through elections in November 2027.Fragmented coalition weighs on Zloty”This incident reinforces our long-held view that domestic political risk acts as the main drag on the Polish currency.””While the prime minister’s assurances yesterday were aimed at calming market sentiment, his citing the “stable zloty” was misleading in our opinion – the zloty has been the…

The Pound Sterling (GBP) extends its losing streak against the US Dollar (USD) for the fourth trading day on Thursday. The GBP/USD pair posts a fresh almost four-week low at around 1.3470 during European trading hours after Bank of England (BoE) Monetary Policy Committee (MPC) member Catherine Mann praised soft United Kingdom (UK) Consumer Price Index (CPI) data for January. Pound Sterling Price Today The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the weakest against the Japanese Yen. USDEURGBPJPYCADAUDNZDCHFUSD0.03%0.24%-0.12%-0.05%-0.04%-0.06%0.13%EUR-0.03%0.21%-0.16%-0.10%-0.06%-0.09%0.11%GBP-0.24%-0.21%-0.37%-0.29%-0.27%-0.30%-0.11%JPY0.12%0.16%0.37%0.06%0.08%0.03%0.24%CAD0.05%0.10%0.29%-0.06%0.02%-0.02%0.18%AUD0.04%0.06%0.27%-0.08%-0.02%-0.03%0.17%NZD0.06%0.09%0.30%-0.03%0.02%0.03%0.19%CHF-0.13%-0.11%0.11%-0.24%-0.18%-0.17%-0.19% The heat map shows percentage changes of major currencies against…

Gold (XAU/USD) sticks to modest intraday gains, above the $5,000 psychological mark, through the first half of the European session, though it lacks bullish conviction amid mixed cues. The third round of US-mediated negotiations between Ukraine and Russia concluded in Geneva on Wednesday without any major breakthrough. This underscores that substantive disagreements remain over the status of eastern Ukrainian territories occupied by Russian forces. Furthermore, reports suggest that the US military is ready to attack Iran as early as this weekend. Although US President Donald Trump has not made a final decision yet on whether to authorize an armed confrontation,…

EUR/USD gains ground after three days of losses, trading around 1.1790 during the Asian hours on Thursday. The 14-day Relative Strength Index (RSI) momentum indicator at 47 (neutral) reflects easing momentum. The RSI below 50 keeps momentum balanced and could limit follow-through.The technical analysis of the daily chart shows that the 50-day Exponential Moving Average (EMA) rises, with price holding marginally above it. The nine-day EMA has flattened after earlier strength, keeping a short-term cap on recovery. With the short-term average still above the 50-day EMA, the bullish bias persists, though the narrowing spread warns of consolidation.The initial support lies…

The Indian rupee is expected to maintain a level of 89 to 90 against the US dollar by the end of fiscal year 2027, supported by a softer dollar and a manageable current account deficit (CAD), according to a report by CareEdge Ratings.The report highlighted that the USD/INR strengthened from recent lows of around 92 to approximately 90.6 following the trade deal with the United States and the Free Trade Agreement (FTA) with the European Union. This recovery reflects improving sentiment and easing pressure on the domestic currency.It stated, “We maintain our FY27-end USD/INR forecast at 89-90.” However, despite the…

Reserve Bank of New Zealand’s (RBNZ) new Governor Anna Breman said on Thursday that if the outlook for inflation changes, committee will adjust policy stance to ensure inflation returns to target.Key quotesIf the outlook for inflation changes, committee will adjust policy stance to ensure inflation returns to target.Wage growth is modest, we do have spare capacity.There are uncertainties about how firms adjust pricing behaviour as the economy recovers.Seeing consumption starting to increase, stabilizing job market and falling inflation provide support.Household consumption starting to increase but relatively weak growth compared to historical patterns.If we see pricing behaviours change, recovery much stronger and…

The Minutes of the United States (US) Federal Reserve’s (Fed) January 27-28 monetary policy meeting will be published on Wednesday at 19:00 GMT. The US central bank decided to leave the policy rate unchanged at the range of 3.50%-3.75%, but Fed Governors Stephen Miran and Christopher Waller voted to lower the fed funds rate by 25 bps.Jerome Powell and company opted to pause rate cuts in JanuaryThe Federal Open Market Committee (FOMC) held the interest rate unchanged in January after opting for three consecutive 25 basis points (bps) rate cuts. In the policy statement, the Fed noted that the unemployment…

The AUD/USD pair trades in a tight range around 0.7075 during the European trading session on Wednesday. The Aussie pair consolidates as investors await the release of Federal Open Market Committee (FOMC) minutes at 19:00 GMT and the Australian employment data for January on Thursday.Ahead of the FOMC minutes release, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, is up 0.2% to near 97.30.Investors will pay close attention to the Federal Reserve’s (Fed) January meeting minutes to get fresh cues on the monetary policy outlook.Meanwhile, the Australian employment data is expected to show that…