Dollar

8 October 2024
Dollar Holds Near 7-Week High on Jobs Data

The dollar remains strong at seven-weeks high against major currencies, driven by robust job data, affecting market risk appetite. – vtmarkets.com

7 October 2024
Dollar Pressures Soybean and Wheat Prices

Soybean and wheat prices continue to drop as the U.S. dollar strengthens, with forecasts of record U.S. crop supplies adding downside pressure. – vtmarkets.com

7 October 2024
U.S. Labour Data Lifts Dollar & Asian Stocks

Strong U.S. labour market data pushed Asian equities higher. Traders are recalibrating rate-cut expectations after the unexpected payrolls surge. – vtmarkets.com

4 October 2024
Yen Weakens as Policymakers Delay Rate Hikes

Japanese yen stabilises but faces pressure from cautious domestic policy and a stronger U.S. dollar. – vtmarkets.com

4 October 2024
USDCNH on the Move Amid Beijing’s Stimulus

Beijing’s stimulus package is boosting Chinese stocks, but its effect on the yuan is under scrutiny as USDCNH continues its bullish momentum. Traders are closely watching the interplay between China’s economic recovery efforts and U.S. economic data for market direction. …

3 October 2024
Rupee Under Pressure as Dollar Gains Strength

The Indian rupee is expected to open near 83.92-83.94, pressured by a stronger U.S. dollar driven by robust jobs data and reduced expectations for a large Fed rate cut. Rising oil prices due to Middle East tensions add further downside …

3 October 2024
S&P 500 Closes Flat as Tech Gains Pressured by Middle East Tensions

Nvidia’s gains lifted the tech sector, but Tesla’s drop and Middle East tensions kept the S&P 500 flat as traders remained cautious. Focus now shifts to Friday’s U.S. non-farm payroll report, which could influence the Federal Reserve’s next interest rate …

3 October 2024
Dollar Strengthens on Solid U.S. Job Data

The U.S. dollar climbed to a one-month high against the yen, supported by robust job numbers, while the yen weakened after Japan signalled no urgency for rate hikes. Meanwhile, the euro remains under pressure amid geopolitical tensions and expectations of …

2 October 2024
Kiwi Rebounds as Military Actions from Iran Start Easing

The New Zealand dollar (Symbol: NZDUSD) has regained some ground, edging closer to $0.63, after sharp declines on Monday. The fall, a result of heightened risks stemming from Iran’s missile attacks on Israel, spooked traders globally. -vtmarkets.com

1 October 2024
Australian Dollar Climbs as Retail Sales Data Beat Expectations

The Australian dollar (Symbol: AUDUSD) found strong demand as its retail sales figures for August 2024 exceeded forecasts, providing support to the currency amid a global backdrop of cautious sentiment. -vtmarkets.com

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