FX

USD/CNH remains pressured around intraday low after snapping eight-day uptrend. Market sentiment dwindles amid a lack of major data/events. Fedspeak, stimulus hopes favor buyers versus Sino-American tussles, covid variant woes. USD/CNH bears flirt with intraday low surrounding 6.4760, following the first negative daily closing in nine days, amid early Thursday. The cross-currency pair jumped to
USD/JPY continues to push higher after closing above 110.00 on Monday. US Dollar Index fluctuates around 92.00 on Tuesday. Eyes on FOMC Chairman Jerome Powell’s testimony at 1800 GMT. After staying relatively quiet in a tight range above 100.00 during the first half of the day on Tuesday, the USD/JPY pair gained traction and reached
GBP/USD stalls after the previous day’s sharp rise.  Uptick in US treasury yields lift demand for the US dollar GBP remains under pressure amid Brexit chaos and delayed economic reopening. The appreciative move in the US dollar keeps GBP/USD gains under check. The pair accumulated stellar gains on Monday after the heavy losses incurred in
EUR/USD trims early Asian losses amid subdued session. DXY struggles to keep rebound amid sluggish yields, light calendar. Powell’s prepared remark pose upside risk but Fed policymakers’ divide keeps traders on the edge. Eurozone Consumer Confidence, ECB members comments could offer intermediate moves. EUR/USD recovers from intraday low, pares daily losses to 0.07%, around 1.1910
GBP/USD remains pressurized in the Asian session. US dollar Index stands at 10 weeks high at 92.33. GBP remains under pressure amid Brexit chaos and delayed economic reopening GBP/USD continues to trade lower on Monday while trailing the previous seven session’s downside movement. The pair trades in a very narrow trade band before slipping below