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Bessent Backs Stronger Yen and Hints at BOJ Rate Hike

Treasury Secretary Scott Bessent defended US intervention supporting the Japanese yen, noting minimal funds were used to stabilize markets and prevent US asset sales. He reinforced expectations for t…

US Stocks Edge Lower as EURUSD Remains Flat

A routine market ticker headline indicates modest declines in major US indices with the S&P 500 down 0.15% and Dow down 0.71%, while EURUSD remains unchanged with no accompanying news details.

EUR/USD Slides to Multi-Week Lows Near 1.16

EUR/USD declined 0.54% to reach 1.16, extending its downward momentum. The pair has shed 0.12% over the past four weeks and is down 1.67% over the past twelve months.

AUDUSD Breaks Above 0.72 as RBA Hike Bets Surge

The Australian dollar breached $0.72, hitting a four-month high on surging RBA rate hike expectations following strong GDP data. Meanwhile, dovish remarks from Fed Governor Waller weighed on the US d…