The foreign exchange market opened the week on a cautious note as the US dollar held firm against major currencies, supported by safe-haven demand amid renewed geopolitical tensions in the Middle East. Investors closely monitored developments between the United States and Iran while awaiting key macroeconomic events, including the European Central Bank’s annual forum and
Global financial markets remained under pressure during the European morning on Friday as investors continued to adopt a cautious approach following steep declines across Asian equity markets. A sustained selloff in technology stocks weighed heavily on market sentiment, while traders looked ahead to speeches from several US Federal Reserve policymakers later in the day. The
The US Dollar Index edged lower on Thursday after rising for three straight sessions and touching its highest level in 13 months, as investors turned their attention to a heavy slate of US economic data and ongoing geopolitical tensions. The US Dollar Index, after rising to 101.80 on Wednesday, eased in early Thursday trade but
The British pound was on track for its worst monthly performance against the dollar since July 2025 on Thursday, as fading interest rate support and renewed political uncertainty weighed on sterling. The decline comes in a week that marked the 10th anniversary of the Brexit vote and followed the resignation of Labour Prime Minister Keir
The US dollar extended its gains on Wednesday, climbing to a fresh 13-month high against a basket of major currencies as investors moved towards safe-haven assets amid a technology-led equity selloff and growing expectations of further interest rate hikes from the Federal Reserve. The move came as global markets remained under pressure following a broad
The pound rose to a 10-month high against the euro on Wednesday as investors assessed the political outlook in the UK and the possible shape of a future government under Andy Burnham, who is widely seen as the likely successor to Prime Minister Keir Starmer. Sterling strengthened after markets turned their attention to who could
The US dollar held firm on Tuesday as markets continued to price in a more hawkish Federal Reserve, while the Japanese yen hovered near a multi-decade low and the Indian rupee opened on a flat note against the greenback. The dollar remained supported even as oil prices edged lower on easing Gulf tensions. Traders largely
The GBP/USD exchange rate came under pressure on Monday morning as investors reacted to the ongoing political uncertainty in the UK. It retreated to 1.3224, down sharply from last week’s high of 1.3460. Odds of Keir Starmer staying as Prime Minister fall The GBP/USD pair retreated sharply as investors remained concerned about the UK’s political
The US dollar started the week with a familiar advantage: investors wanted shelter, but not outright safety. A fragile diplomatic track between the US and Iran reduced the worst fears around Gulf shipping, yet the currency market was still shaped by oil risk, higher Treasury yields and fresh political noise in Britain. The greenback held
The pound weakened on Monday as investors assessed mounting speculation that British Prime Minister Keir Starmer could soon set out a timetable for his departure, opening the door for Andy Burnham to emerge as the country’s next leader. Sterling was down 0.2% at $1.321. The currency has now lost around 3% since pressure on Starmer