Crispus Nyaga is a financial analyst, coach, and trader with more than 8 years in the industry. He has worked for leading companies like ATFX, easyMarkets, and OctaFx. Further, he has published widely in platforms like SeekingAlpha, Investing Cube, Capital.com, and Invezz. In his free time, he likes watching golf and spending time with his wife and child.
The GBP/USD exchange rate wavered after the Federal Reserve and the Bank of England (BoE) delivered their interest rate decisions. It dropped to 1.3340, a few points below last week’s high of 1.3470, with investors focusing on key macro data from the UK.
The EUR/USD exchange rate rebounded after last week’s central bank decisions by the Federal Reserve and the ECB. It jumped to 1.1622 from this month's low of 1.1408.
The AUD/USD exchange rate has remained in a narrow range since February. It was trading at 0.7020 on Monday, a few points below the year-to-date high of 0.7180.
The GBP/USD pair slipped a bit as geopolitical risks rose and after the Federal Reserve delivered its interest rate decision. It was trading at 1.3270 on Thursday, down modestly from the year-to-date high of 1.3866.
The EUR/USD exchange rate pulled back on Thursday morning as investors reacted to the Federal Reserve interest rate decision and the ongoing energy price rally. It dropped to 1.1465, down substantially from the year-to-date high of 1.2085.
The Australian dollar was fairly unchanged on Thursday as energy prices remained elevated amid the Iran war. The AUD/USD pair was trading at 0.7045, down from the year-to-date high of 0.7182 after the Federal Reserve and Reserve Bank of Australia (RBA) interest rate decisions.
The GBP/USD pair rose as the US dollar retreated ahead of the crucial Federal Reserve and Bank of England (BoE) interest rate decisions, which came out on Wednesday and Thursday. It rose to 1.3360, up substantially from this week's low of 1.3215.
Bearish viewThe EUR/USD exchange rate rose for the second consecutive day as traders waited for the upcoming Federal Reserve and European Central Bank (ECB) interest rate decisions. It rose to 1.1540 on Wednesday morning, up modestly from this week's low of 1.1407.
The AUD/USD exchange rate continued its recovery amid the ongoing sign of a divergence between the Federal Reserve and the Reserve Bank of Australia (RBA). It rose to 0.7100, up substantially from this week's low of 0.6980.
The GBP/USD pair moved sideways on Tuesday as investors focused on the ongoing Iran war and Donald Trump's pressure on countries to help reopen the Strait of Hormuz. The pair was trading at 1.3310, up slightly from this month's low of 1.3218.
The BTC/USD pair continued its strong uptrend as it jumped to the highest level since February 4. It rose to 75,000, up by 25% from its lowest level this year.
The AUD/USD exchange rate rose slightly after the Reserve Bank of Australia (RBA) delivered its second interest rate decision of the year. It rose to 0.7065 on Tuesday, up slightly from this month's low of 0.6940.
