Tag Archives: Forex
Rupee edges higher with Asian peers; India awaits budget
The Indian rupee saw a modest rise on Tuesday, trading at 83.6250 against the U.S. dollar as of 09:30 a.m. IST, up slightly from its previous close of 83.6575.
Aussie and kiwi dollars struggle on China rate cuts; dollar drifts
The Australian and New Zealand dollars struggled near multi-week lows on Tuesday following China’s decision to cut several key interest rates. In contrast, the US dollar showed little change as it awaited new economic cues.
US dollar index loses strength as Fed rate-cut expectations grow
The US dollar index (Symbol: USDX) as expectations of an interest rate cut grows stronger as the spotlight shifted to economic data for more clues on the monetary policy path of the Federal Reserve.
Dollar eases as Biden withdraws reelection bid; yuan remains steady after rate cut
The dollar eased on Monday following U.S. President Joe Biden’s decision to end his reelection campaign, which opens the door for another Democrat to challenge Donald Trump. Will Kamala Harris’ bid prove to be sufficient?
British pound holds its strength over stable UK inflation and strong wage growth
The GBPUSD pair reached a one-year high, driven by stable UK inflation and resilient wage growth, while the US dollar faces a challenging week.
AUD directionless after mixed jobs report & rate hike uncertainty
AUD remains steady as mixed employment data clouds the outlook for a rate hike. Read how external factors and central bank actions influence trading opportunities.
Yen soars, investors spooked by intervention fears
Japan’s yen surged to a six-week high on Thursday, sparking rumours of official intervention. Learn how the dollar experienced broad losses as markets anticipate U.S. rate cuts in the near future.
Japan likely conducting intervention to defend the yen
Key Points: This article is a follow up to: Yen fluctuates with intervention talks Japan appears to have intervened in the foreign exchange market to defend the yen on Friday, according to calculations based on data from the Bank of Japan (BoJ) and private money brokers. The daily projection of BoJ released on Tuesday indicatedContinue Reading
NZ dollar rises despite rate cut expectations and high inflation
Key points: The New Zealand dollar strengthened on Wednesday as domestically-driven inflation remained high, though headline figures eased to a three-year low. Despite this, markets continue to expect around three rate cuts by the end of the year. See: Kiwi on the rise, trading at 0.60744 as seen on the VT Markets app. New Zealand’sContinue Reading
Dollar falters as Fed rate cuts approach
Key points: The dollar experienced a mixed performance on Wednesday following a brief boost from better-than-expected U.S. retail sales data. Traders remained focused on the prospect of Federal Reserve rate cuts potentially as early as September. The New Zealand dollar (NZDUSD) rose as data revealed higher-than-expected non-tradable inflation in the second quarter, despite the headlineContinue Reading
