Global forex markets traded on a mixed note in the latest session, with the US dollar showing selective strength against major currencies, particularly the Japanese yen, while remaining largely stable against European currencies.
The EUR/USD pair edged slightly lower to 1.1606, down 0.01%, indicating mild pressure on the euro. Similarly, GBP/USD declined 0.06% to 1.3405, while commodity-linked currencies such as AUD/USD and NZD/USD dropped 0.18% and 0.13%, respectively, reflecting cautious risk sentiment.
In contrast, the dollar gained against the yen, with USD/JPY rising 0.10% to 158.80, approaching the upper end of its 52-week range, signaling continued yen weakness amid diverging monetary policy expectations.
Cross-currency movements also remained active. EUR/JPY advanced 0.10% to 184.32, while GBP/JPY gained 0.04%, tracking the broader yen depreciation trend. Meanwhile, EUR/GBP rose 0.11%, suggesting relative euro strength against the pound.
Among emerging market currencies, USD/INR declined 0.11% to 93.88, indicating a marginal strengthening of the Indian rupee, while USD/CNY remained largely stable with a slight 0.02% dip. The USD/MXN pair stood out with a 0.17% gain, highlighting peso weakness.
Other notable moves included modest gains in EUR/CAD, EUR/SEK, and EUR/CHF, while EUR/HUF declined 0.25%, reflecting volatility in Central European currencies.
Overall, the forex market remains range-bound with a slight bullish bias for the US dollar against Asian currencies, while European pairs show consolidation amid balanced macroeconomic cues and cautious investor positioning.
