Tag Archives: Forex
forex
Australian Dollar Sinks as China Stimulus Fades
The Australian dollar continues its decline, weighed down by fading hopes of China’s stimulus and strong U.S. economic data. – vtmarkets.com
Kiwi Hits 7-Week Low as RBNZ Eases Policy
New Zealand dollar fell to a 7-week low after the RBNZ’s half-point rate cut, raising expectations for further easing and impacting bond yields. – vtmarkets.com
USDCNH Steadies Against Yuan Weakness
The USDCNH pair remains steady as traders weigh China’s stimulus measures and the yuan’s drop, reflecting cautious market sentiment. – vtmarkets.com
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
Gold Down as Fed Rate Expectations Cool
Gold prices dipped as a strong US jobs report shifted expectations for a smaller Fed rate cut in November, leading traders to focus on upcoming inflation data. – vtmarkets.com
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
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. – vtmarkets.com
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 risks for the rupee. – vtmarkets.com
Aussie Hits 2-Month High Against Yen, Kiwi Struggles
The Australian dollar surged 2% overnight to reach 101.25 yen, breaking through the 100.00 resistance barrier. This surge came as Japan’s newly appointed Prime Minister, Shigeru Ishiba, signalled opposition to further interest rate hikes, a shift in stance from his earlier hawkish position. -vtmarkets.com
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 an ECB rate cut. -vtmarkets.com
