Tag Archives: Dollar
Chinese renminbi loses strength in the face of a strong US dollar
With a strong US dollar in the backdrop, the USDCNH currency pair is seeking to break above 7.30, despite efforts from the PBOC to counterbalance the US dollar.
Monetary Authority of Singapore (MAS) maintains monetary policy until year 2025
Key points: The Monetary Authority of Singapore (MAS) is projected to keep its monetary policy unchanged through 2025, driven by consistently high core inflation. Despite a downward trend in headline inflation, core inflation has remained around 3% since mid-2023. This elevated level of core inflation suggests that MAS will not alter its policy parameters thisContinue Reading
Aussie surges as interest rate outlooks diverge
Key points: The Australian dollar experienced gains this week, buoyed by contrasting interest rate outlooks across major economies. As the Swiss National Bank and the Bank of England leaned towards more dovish policies, the Australian market showed resilience, hinting at a possible rate hike. This divergence has pushed the Australian dollar to impressive heights, reflectingContinue Reading
Sterling holds steady ahead of BoE decision; Dollar falters against yen
Key points: The British pound held broadly steady on Thursday as the market awaited the Bank of England’s (BoE) rate decision. The dollar, meanwhile, faced mixed movements against major currencies as it awaited fresh market catalysts. The pound traded at $1.2719, having eked out a slight gain in the previous session. The euro rose 0.03%Continue Reading
Japanese yen plummets as silence on rate hike timeline from the Bank of Japan disappoints
Key points: This article is a follow-up to: Yen cautious before BOJ meeting The USD/JPY pair saw a sharp increase following the decision from the Bank of Japan (BoJ) to keep its interest rates unchanged. This decision led to the Japanese yen plummeting against the US dollar, with the greenback gaining approximately 1%, moving fromContinue Reading
US dollar regains strength ahead of key retail sales data
Key points: The US dollar index (Symbol: USDX) rebounded from a lackluster start to the week. The index, which measures the performance of the US dollar against six major currencies, regained strength and floated near the 105.50 mark. The image above shows the strength in the US dollar index, as observed on the VT MarketsContinue Reading
Aussie and Kiwi hit multi-month highs on Euro
Key points: On Friday, the Australian and New Zealand dollars dipped slightly against the safe-haven U.S. dollar as risk aversion swept through European markets. However, both currencies reached multi-month highs against the struggling euro. The Bank of Japan’s announcement to taper its bond-buying program after its July policy meeting also contributed to gains against theContinue Reading
Thai inflation target review could pave way for rate cuts
Key points: The Bank of Thailand, jointly with the finance ministry, is set to review the inflation target range of the country. This is a move that Prime Minister Srettha Thavisin believes could enhance the prospects of an interest rate cut. Such a decision to review comes after the central bank decided to keep itsContinue Reading
The US stock market surges following inflation slowdown
Key points: The US stock market rocketed higher as the latest report from the US Federal Reserve was released, with a positive reaction to the latest inflation data. The Fed has decided to keep its benchmark interest rate steady at 5.50%, contrary to prior expectations of three rate cuts for the year, now projecting only oneContinue Reading
Japan’s Nikkei falls after initial gains ahead of BOJ policy decision
Key points: Japan’s Nikkei index reversed its early gains on Thursday, ending the morning session down 0.12% to 38,831.36. This shift occurred ahead of the Bank of Japan’s (BOJ) policy decision due on Friday. Earlier in the session, the Nikkei had risen nearly 1%, crossing the 39,000 mark, supported by gains in chip-related stocks. Picture:Continue Reading
