Forex

The Chinese yuan advanced on Monday, supported by a weakening U.S. dollar as the markets anticipate upcoming Federal Reserve rate cuts. However, weak Chinese economic data may limit further gains.

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 …

The Indian rupee is set to open on a stronger note on Wednesday, buoyed by rising confidence that the Federal Reserve will implement a series of rate cuts this year.

The Australian dollar nudged higher on Tuesday, brushing up against resistance as a rally in Japanese stocks bolstered risk sentiment across the market.

Key Points Asian currencies gained 0.1%-0.2%, and equities rose following strong US jobless claims data, easing recession fears. Despite positive Asian cues, the Indian rupee remains among the worst performers this month, reflecting strong US dollar demand. The rupee’s divergence …

Key Points The unemployment rate of New Zealand increased, but less than expected, in the second quarter, which provided some relief to the market. Employment figures showed growth, and while annual wage inflation continued to slow for the fifth consecutive …

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.

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 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.

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 …