Dollar Strengthens as Investors Await Key U.S. Economic Data
Facebook LinkedIn The U.S. dollar edged higher on Tuesday, holding near a two-week peak, as investors anticipate crucial economic reports, including Friday’s U.S. payroll data. This data could significantly impact the Federal Reserve’s decision on the size of an expected interest rate cut. Euro and Sterling Weaken Against the Dollar The euro slipped 0.16% to […]
Global Central Banks Prepare to Lower Interest Rates, Ending an Era of High Borrowing Costs
Facebook LinkedIn This fall, central banks across the globe are poised to either initiate or continue a series of interest rate cuts, signaling the end of an era characterized by historically high borrowing costs. In September, the U.S. Federal Reserve is widely expected to join other major institutions like the European Central Bank, the Bank […]
Kiwi Rallies on Improved Economic Sentiment; U.S. Inflation Report Anticipated
Facebook LinkedIn The New Zealand dollar (NZD) posted strong gains on Thursday following an optimistic business outlook survey, while the U.S. dollar (USD) struggled to maintain its momentum ahead of a crucial U.S. inflation report set for Friday. The upcoming release of the core Personal Consumption Expenditures (PCE) price index, the Federal Reserve’s preferred inflation […]
Australian Dollar Rises on Strong Inflation Figures, Asian Currencies Edge Lower as U.S. Dollar Rebounds.
Facebook LinkedIn On Wednesday, most Asian currencies slipped as the U.S. dollar continued to recover from its recent losses, while the Australian dollar emerged as a notable exception, buoyed by stronger-than-expected inflation data that reinforced the case for a hawkish Reserve Bank of Australia (RBA). Despite the U.S. dollar’s recovery, the decline in Asian currencies […]
Asian Currencies Weaken as Canadian Trade Tariffs Heighten Trade War Fears
Facebook LinkedIn Asian currencies broadly weakened on Tuesday amid escalating trade tensions between China and Canada. New Canadian tariffs on Chinese imports sparked fears of a renewed trade war, causing a ripple effect across regional markets. Japanese Yen Rally Stalls After Soft Inflation Data The Japanese yen (USD/JPY) edged up by 0.1% to 144.78, slightly […]
Asian Currencies Strengthen as Yen Surges Amid Fed Rate Cut Bets
Facebook LinkedIn Overview of Regional Currency Movements Asian currencies largely strengthened on Monday, with the Japanese yen seeing a sharp rise as expectations grew that the Federal Reserve will cut interest rates in September. This shift pushed the U.S. dollar to its lowest point in 13 months. Impact of Fed Chair Jerome Powell’s Comments The […]
Investors Urged to Buy Protection Amid Potential Volatility Ahead of U.S. Election
Facebook LinkedIn According to a report released Tuesday by BCA Research, investors should consider buying protection now, as the volatility observed in August is likely to resurface due to the closely contested U.S. election race. The report emphasizes the importance of preparing for potential market disruptions, noting that the volatility experienced earlier this month may […]
Indian Rupee Under Strain as Importer Demand and Foreign Outflows Weigh on Currency
Facebook LinkedIn On Thursday, the Indian rupee edged lower as the recent rally in Asian currencies took a pause, while forward premiums increased following the release of Federal Reserve minutes and downward revisions to U.S. payroll figures. At 10:36 a.m. IST, the rupee was trading at 83.9425 against the U.S. dollar, slightly down from 83.9225 […]
Japanese Stocks Dip as US Economic Concerns and Yen Volatility Impact Global Markets
Facebook LinkedIn The recent rebound in Japanese stocks has quickly fizzled out, as fears of a US economic slowdown and continued yen fluctuations weigh heavily on global financial markets. On Thursday, the Nikkei 225 fell by 0.7%, ending a brief two-day winning streak. The yen gained 0.6% to 146 against the US dollar, recovering slightly […]
USD/JPY Forecast Shows Potential for Continued Decline Amid Changing Market Dynamics
Facebook LinkedIn Over the past four weeks, the USD/JPY has seen a significant decline. Citi Research suggests that the pair is susceptible to further selling pressure over time. As of 08:55 ET (12:55 GMT), the USD/JPY traded 1.8% higher at ¥146.88. This bounce came after Bank of Japan (BOJ) officials tempered expectations of additional interest […]