Global markets delivered a mixed picture on Wednesday, with Asia-Pacific stocks diverging from Wall Street’s record-setting close, commodities surging to fresh highs, currencies swinging on US dollar weakness, and corporate uncertainty resurfacing at Amazon after a prematurely sent internal email fueled layoff fears. Asian markets mixed as Wall Street hits record Asia-Pacific markets traded mixed,
The USD/ZAR exchange rate continued its strong downward trend, reaching its lowest level since June 2022. It has dropped in the last eleven consecutive weeks as the South African rand surge gained steam. It is down by over 20% from its highest level in April last year. USD/ZAR crashes amid the US dollar sell-off The
The Brazilian real continued its strong rally this week, reaching its highest level since May 2024 as the US dollar sell-off gained momentum. The USD/BRL exchange rate has dropped in the last five consecutive weeks and is down by 18% from its highest level since December 2024. Brazilian real surges ahead of the central bank
The Japanese yen has staged a strong comeback in the past few days as investors focused on its potential intervention and the latest actions by the Federal Reserve. The USD/JPY pair was trading at 153, down by 4% from its highest level this year. Concerns about Japanese yen intervention remain The USD/JPY exchange rate has
The Swiss franc continued its strong rally this week and is now trading at its highest level since August 2011. The USD/CHF pair was trading at 0.7655, down by over 16% from its highest point in 2025. This article explores some of the top reasons the pair has more downside to go. Swiss franc is
The EUR/USD exchange rate retreated sharply as market participants reacted to the rising odds that Kevin Warsh will become the next Federal Reserve Chair. It retreated to a low of 1.1925, down from the year-to-date high of 1.2077 ahead of the upcoming European Central Bank (ECB) decision. Kevin Warsh to become next Fed Chair The
The GBP/USD exchange rate continued its strong downward trend, moving from the year-to-date high of 1.3876 to the current 1.3672 as traders wait for the upcoming Bank of England (BoE) interest rate decision and US non-farm payrolls (NFP) data. Bank of England interest rate decision The GBP/USD exchange rate retreated as investors focused on the
The USD/ZAR exchange rate remained under pressure, moving from a high of 19.93 in April last year to the current 16. The South African rand surge may accelerate in the coming weeks, helped by the strong macro data from the country. South African exports are soaring despite US tariffs Macro data released on Monday showed
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