Asia FX tepid after Fed cut; Aussie falls on weak jobs data, rupee near record low

Asia FX tepid after Fed cut; Aussie falls on weak jobs data, rupee near record low
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Asia FX tepid after Fed cut; Aussie falls on weak jobs data, rupee near record low
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Lithium and forex are now closely linked due to the growing demand for electric vehicles. As automakers push for cleaner energy, lithium has become one of the most valuable commodities. This surge is reshaping global trade and currency markets. Many forex traders now monitor lithium prices to predict currency movements. The EV boom and currency…
No significant changes have been observed in the USD/JPY pair. The price hasn’t shown any notable movement over the past day, keeping the current wave scenario intact. In the near future, a slight increase towards the upper boundary of the channel is expected. This boundary also serves as the…
UBS raises USD/SGD forecasts to 1.28 through 2026 on revised USD outlook Source link
Retail forex deposits across major US brokers fell 7% in April compared to March, with total numbers dropping to $495.5 million from $530.1 million the previous month, as massive capital outflows and record dollar weakness created turbulent trading conditions. US Forex Deposits Drop 7% in April as Major Brokers See Mixed Results The monthly decline…
By RoboForex Analytical Department The Australian dollar remains under significant pressure, with AUD/USD extending its downtrend mid-week to reach 0.6539, the lowest since August. The decline, which began on 1 October, has been relentless, with the pair experiencing little to no respite from its downward trajectory. Recent data indicating that Australia’s annual inflation cooled to…
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