Tag Archives: Dollar
NZDUSD holds steady as U.S. jobs data looms
Key Points: The New Zealand dollar (Symbol: NZDUSD) remained stable at $0.6221 after a week of minor losses. Picture: NZDUSD price steady as US jobs data looms, as observed on the VT Markets app. The markets are now focusing on the upcoming U.S. jobs data to gain insights into recession risks and the potential paceContinue Reading
Rupee hovering at weak levels as dollar struggles before key U.S. jobs data
Key Points: The Indian rupee (Symbol: USDINR) is poised to remain near its weakest level of 84 against the U.S. dollar as markets await crucial U.S. jobs data, which could shape the Federal Reserve’s interest rate decision at its upcoming September meeting. Picture: USDINR hovering near its record low, as observed on the VT MarketsContinue Reading
Dollar falters as rising bets suggest a larger Fed rate cut
The U.S. dollar dipped on Thursday as traders raised their expectations of an outsized rate cut from the Federal Reserve later this month. Concerns over the U.S. economy’s growth outlook, following weaker-than-expected data, have pushed investors toward safe-haven currencies like the yen. -vtmarkets.com
Mexican peso weakens with judicial reform concerns
The Mexican peso fell to its lowest level since December 2022, driven by political uncertainties surrounding constitutional reforms and growing economic challenges. Investor confidence wavers as concerns over judicial independence and weak economic data persist. -vtmarkets.com
South Korean forex reserves climbs with rising securities
The foreign exchange reserves of South Korea increased to $415.9 billion in August, driven by higher securities holdings and a stable IMF position. USD/KRW showed relative stability despite significant shifts in reserve composition. -vtmarkets.com
USDJPY rallies as dollar gains fresh momentum over weaker yen
The USDJPY pair continues its upward trajectory as the dollar gains strength, despite flatlining inflation data. -vtmarkets.com
Dollar holds steady as markets anticipate U.S. payrolls report
The U.S. dollar stayed firm near a two-week high against the yen and euro on Tuesday, reflecting cautious investor sentiment ahead of an influx of economic data, including Friday’s highly anticipated U.S. payrolls report. -vtmarkets.com
Dollar hits two-week high against euro ahead of US jobs data
The dollar extended its gains on Monday, reaching a two-week high against the euro as traders scaled back their expectations for aggressive policy easing by the Federal Reserve. With a key U.S. jobs report scheduled for release later this week, the dollar’s momentum reflects growing uncertainty over the Fed’s next steps. -vtmarkets.com
Dollar set to break 5-week losing streak as Fed rate cut expectations diminish
The U.S. dollar is on track to snap a five-week losing streak, trading near a one-week high against major peers on Friday. This rebound comes as robust U.S. economic data has led traders to pare back their bets on aggressive Federal Reserve interest rate cuts. -vtmarkets.com
Japanese yen slips as the U.S. dollar rebounds
The Japanese yen falls back, retreating from a three-week high as the U.S. dollar regains ground. Explore the factors influencing the movement of JPY and the potential trading opportunities ahead. -vtmarkets.com
