Forex

Key Points: NZDUSD remained stable at $0.6221 U.S. jobs data expected to determine the likelihood of a 50-basis-point Fed rate cut in September. The Reserve Bank of New Zealand is forecasted to cut rates again in October, but improved confidence …

Key Points: The Indian rupee is expected to remain near its weakest of 84 due to limited volatility. U.S. jobs data will likely determine whether the Federal Reserve will cut rates by 25 or 50 basis points in September. RBI …

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 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

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

The USDJPY pair continues its upward trajectory as the dollar gains strength, despite flatlining inflation data. -vtmarkets.com

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

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 Australian and New Zealand dollars are on track to finish the month with strong gains, buoyed by breaks through key chart barriers and a waning U.S. dollar. The Australian dollar (AUD) stood at $0.6797 after reaching an eight-month high …

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 …