Tag Archives: Dollar
Dollar firms up as market bets on smaller Fed rate cut
The dollar fueled by smaller Fed rate cut bets following U.S. inflation data. Markets now expect a 25-bps cut, while political factors create added uncertainty for the greenback. -vtmarkets.com
Australian and New Zealand dollars hold ground as risk sentiment stabilises
The Australian and New Zealand dollars saw a lift on Thursday, as a rebound in global stock markets and the anticipation of a European Central Bank (ECB) rate cut helped stabilise risk sentiment. -vtmarkets.com
Offshore yuan rebounds as Trump’s election prospects decline
Offshore yuan rebounds past 7.11 per dollar as Donald Trump’s chances of winning the U.S. presidency decline, reducing tariff threats. Traders now focus on U.S. inflation and key Chinese economic data. -vtmarkets.com
New Zealand dollar holds steady as markets await US CPI data
New Zealand dollar remains steady as investors await US inflation data, which could guide Federal Reserve’s rate decision next week. -vtmarkets.com
Yen nears a 5-week high as traders focus on the U.S. presidential debate and inflation report
The yen held close to a five-week high on Wednesday, with USD/JPY at 142.18. The dollar was down 0.2% in early trading, and traders are now focused on upcoming U.S. inflation data and the first U.S. presidential debate between Kamala Harris and Donald Trump. -vtmarkets.com
Aussie drops to 3-week low on weak sentiment and domestic data
Key Points: The Australian dollar extended its recent losses, falling below $0.666, marking a three-week low as weak domestic economic data and cautious global market sentiment weighed on the currency. Picture: AUDUSD dips below $0.666 due to weak consumer sentiment, as observed on the VT Markets app. A private survey showed a dip in consumerContinue Reading
Gold prices silences as markets await key Fed decision on rate cuts
Key Points: Gold prices (Symbol: XAUUSD) held near $2,500 per ounce as markets turned to speculate on the Fed’s upcoming interest rate decision, after the U.S. labour market presented a complex picture for investors. Picture: XAUUSD prices silenced as markets await the Fed’s interest rate decision, as observed on the VT Markets app. U.S. economicContinue Reading
Japan’s Nikkei drops 3% as tech stocks track Wall Street’s decline
Key points: Japan’s Nikkei 225 index dropped 3.02% on Monday, falling to 35,292.62 as of 0050 GMT, dragged down by technology and financial stocks. The drop followed a similar sharp decline on Wall Street, where tech stocks had experienced broad sell-offs. This marks the first time since August 13 that the Nikkei has broken belowContinue Reading
Dollar holds steady while yen slips amid ongoing Fed rate-cut debate
Key points: The dollar held steady on Monday as investors remained uncertain about the size of an anticipated Federal Reserve rate cut this month. Meanwhile, the yen lost some ground after last week’s rise, reflecting a pullback in risk aversion. Friday’s US jobs report added to the ambiguity in the market. Although the report revealedContinue Reading
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
