Forex

9 October 2024
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

8 October 2024
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

8 October 2024
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

7 October 2024
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

4 October 2024
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

4 October 2024
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. …

3 October 2024
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 …

3 October 2024
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 …

3 October 2024
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 …

2 October 2024
Kiwi Rebounds as Military Actions from Iran Start Easing

The New Zealand dollar (Symbol: NZDUSD) has regained some ground, edging closer to $0.63, after sharp declines on Monday. The fall, a result of heightened risks stemming from Iran’s missile attacks on Israel, spooked traders globally. -vtmarkets.com

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