Tag Archives: Dollar
Dollar strength shows improved U.S. economic sentiment
The U.S. dollar continued to demonstrate resilience after a string of positive economic data reinforced confidence in the U.S. economy, calming earlier recession anxieties.
Australian dollar gets jobs boost, Kiwi feels rate pain
The Australian dollar (AUD) experienced a modest uplift on Thursday, touching $0.6609, following an unexpected surge in employment figures. The 58,200 jobs added in July far surpassed market forecasts of a 20,000 gain, indicating a resilient labour market despite broader economic challenges.
Dollar eases on weak U.S. inflation data; kiwi plummets following rate cut
The U.S. dollar started Wednesday on shaky ground after tumbling overnight against major currencies, driven by a surprisingly benign reading on U.S. producer prices. This report has amplified expectations that the Federal Reserve might lean towards rate cuts later this year.
Australian dollar faces resistance while kiwi advances awaiting rate decision
The Australian dollar nudged higher on Tuesday, brushing up against resistance as a rally in Japanese stocks bolstered risk sentiment across the market.
GBPUSD slides toward double bottom as BoE rate cut hits
GBPUSD forming potential double bottom after the rate cut decision from the BoE. Explore market impacts and short-term trading opportunities in the British pound.
Australian dollar rises on hawkish hold from the RBA
The Australian dollar appreciates to near one-week high after RBA maintains cash rate at 4.35% and warns inflation remains high. US Fed rate cuts also influence the Aussie.
Dollar steady, yen wobbles as traders assess rate cut bets and carry trades
The dollar held its ground on Wednesday, while the yen retreated from a seven-month peak. Currency markets stabilised after a turbulent start to the week driven by recession fears and the unwinding of carry trades.
EURUSD rallies on weak US jobs data: Best day since November 2023
EURUSD surged 1.3% as weak US nonfarm payrolls data fueled expectations of a significant Fed rate cut. Read more to understand the market opportunities and risks.
Rupee may drop to near 84/USD; RBI intervention likely
The Indian rupee is poised to weaken on Tuesday, with forecasts indicating it could reach an all-time low against the U.S. dollar. The non-deliverable forwards (NDF) market suggests that the rupee (USDINR) will open at 83.97-83.99 to the dollar, slipping past Monday’s close and lifetime low of 83.8450.
Rupee edges higher with Asian peers; forward premiums increase
The rupee (USDINR) stood at 83.70 against the U.S. dollar as of 11:00 a.m. IST, up from its previous close of 83.72. On Wednesday, the currency had hit a record low of 83.7450. Asian currencies rose between 0.1% and 0.8%, while the dollar index (DXY) was at 104 after declining 0.4% on Wednesday.
