The Mexican Peso (MXN) Takes a Dive Against the US Dollar (USD) What Happened? It was a tough day for the Mexican Peso (MXN) as it plunged sharply against the US Dollar (USD), accumulating losses of 2% on Thursday and 4% in the week. The main culprits behind this sudden drop were higher US Treasury…
Welcome to the Finance Corner! Riding the Wave of USD/CAD Pair So, you’ve heard the news – the USD/CAD pair is on the rise, climbing above that oh-so-crucial resistance of 1.3350. What does this mean for us? Well, let’s break it down in layman’s terms. A Rocky Start In the early New York session, the…
Feeling the Effects: The AUD/USD Pair Continues to Decline Downward Trajectory Continues It seems like the AUD/USD pair just can’t catch a break. The downward trajectory that has been going on for the past three weeks shows no signs of stopping, with the pair losing ground for the third successive day on Thursday. This marks…
The Impact of Recent Events on GBP/USD Exchange Rate Recent Performance of GBP/USD The GBP/USD has shed an accumulated 462 pips in the past three weeks from its current 52-week high of 1.3142 reached on 14 July 2023. The losses seen so far this week have been accentuated by across-the-board US dollar strength triggered by…
What’s up with the AUD/USD pair? A rollercoaster ride in the foreign exchange market So, you may have heard about the AUD/USD pair making some waves in the foreign exchange market lately. Well, buckle up because it’s been quite a rollercoaster ride for this currency pair! Recent developments The AUD/USD pair has been on a…
Gold Price Languishes at Lowest Level Since July Overview The Gold Price (XAU/USD) is currently languishing at the lowest level since July 12, hovering around $1,935 after breaking through the $1,945 support confluence. This drop comes as bears reflect on their losses, with a slew of United States statistics set to be released on Thursday….
