Tag Archives: Forex
Chinese yuan edges higher as the US dollar softens ahead of rate cut anticipation
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.
Week ahead: Markets test ground before Symposium
On Tuesday, August 20, the Canadian Consumer Price Index (CPI) is forecasted to rise by 0.40% month-over-month, a reversal from the previous decline of -0.10%. This data release could exert downward pressure on the USD/CAD if the pair has not already tested its low support areas.
Australian dollar gets jobs boost, Kiwi feels rate pain
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 economic challenges.
Indian rupee set to strengthen as confidence in Fed rate cuts grows
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.
Australian dollar faces resistance while kiwi advances awaiting rate decision
The Australian dollar nudged higher on Tuesday, brushing up against resistance as a rally in Japanese stocks bolstered risk sentiment across the market.
Rupee holds near record low despite positive Asian market cues
Key Points This is a follow up article to: Rupee may drop to near 84/USD The Indian rupee has a relatively unchanged opening on Friday, hovering near its all-time low despite the positive sentiment seen across Asian markets. Picture: USDINR price at record low despite positive asian market cues, as observed on the VT MarketsContinue Reading
NZDUSD holds gains as rate cut bets ease after positive employment data
Key Points The New Zealand dollar (Symbol: NZDUSD) maintained its position, staying close to a two-week high reached in the previous session. This stability comes on the back of mixed domestic economic data and external influences from a softer US dollar Picture: NZDUSD trades near a two-week high after positive employment data, as observed onContinue Reading
GBPUSD slides toward double bottom as BoE rate cut hits
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.
Dollar steady, yen wobbles as traders assess rate cut bets and carry trades
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 rallies on weak US jobs data: Best day since November 2023
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.
