Tag Archives: Forex
Rupee may drop to near 84/USD; RBI intervention likely
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 past Monday’s close and lifetime low of 83.8450.
Japanese yen strengthens on BOJ rate hike speculations
The Japanese yen climbs high at 145 per dollar, driven by BOJ rate hike expectations and weak US jobs data. Explore the market implications and opportunities.
Week ahead: Heightened volatility despite stable Fed rates
While maintaining its cautious approach to monetary policy, the Fed has signaled the possibility of a rate cut as early as September if inflation continues to ease.
Australian and New Zealand dollars face pressure from US growth concerns
Key points: The Australian dollar remained near three-month lows on Friday. Weak U.S. data has increased fears of a sharp slowdown in the world’s largest economy, driving investors to seek safety in the yen and Swiss franc. Aussie slides to near three-month low amid carry trade unwinding Picture: Aussie declines, trading at 0.65137 on theContinue Reading
Yen and Swiss franc near highs as US slowdown fears grow; sterling dips
Key points: The Japanese yen and Swiss franc traded close to multi-month highs against the dollar on Friday. An unexpected drop in U.S. manufacturing sparked fears of an economic slowdown, causing stocks and bond yields to fall sharply. See: Japanese yen on the rise as seen on the VT Markets app. Yen and Swiss francContinue Reading
Rupee edges higher with Asian peers; forward premiums increase
The rupee (USDINR) stood at 83.70 against the U.S. dollar as of 11:00 a.m. IST, up from its previous close of 83.72. On Wednesday, the currency had hit a record low of 83.7450. Asian currencies rose between 0.1% and 0.8%, while the dollar index (DXY) was at 104 after declining 0.4% on Wednesday.
Aussie and Kiwi hold steady as bond rally fuels rate cut hopes
The Australian dollar (AUDUSD) held at $0.6540, recovering from a three-month low of $0.6480 overnight. Support lies around $0.6466, with resistance at $0.6580.
Dollar recovers as Fed hints at cuts; yen firms on BOJ hawkishness
An eventful Wednesday saw the Bank of Japan (BOJ) raise interest rates to levels not seen in 15 years. This prompted traders to reassess popular carry trades before the Federal Reserve held rates steady but hinted at potential rate cuts as U.S. inflation cools.
Australian dollar drops to 3-month low as market anticipates rate cuts
The Australian dollar fell to a three-month low on Wednesday following a softer reading on core inflation. This change in data dampened expectations for further rate hikes and caused a surge in bond futures.
Emerging Asian currencies and stocks surge anticipating Fed decision
Emerging Asian currencies and stocks experienced gains on Wednesday as traders awaited the US Federal Reserve’s policy decision. The South Korean won and the Thai baht led the way among currencies, rising by 0.6% and 0.5%, respectively.
