Tag Archives: Forex
GBPUSD reaches one-year high on positive UK and negative US economic data
Key Points: The British pound (Symbol: GBPUSD) floated to a one-year high of $1.2985, driven by favourable economic data from both the UK and the US. The pair opened the week with positive momentum as forex traders responded to unexpected growth in the UK and easing inflation in the US. Picture: GPBUSD reaches one-year high,Continue Reading
Asian currencies face challenges as markets react to Trump attack fallout
The dollar index (DXY) last traded at 104.210 against a basket of major currencies. Despite the holiday in Japan halting cash U.S. Treasuries trading, the 10-year Treasury futures trended lower.
US Dollar retreats on cooling inflation data, Euro and Pound surge
US dollar retreats as cooling inflation fuels rate cut speculation. Euro and pound surge while volatility spikes for yen. More about the market implications and forecasts.
Mexican peso strengthens as Banxico maintains cautious stance in rising inflation
The Mexican peso rebounded against a weaker US dollar and the cautious stance on inflation by Banxico. Read more about the market implications and forecasts.
USDSGD rises as US political uncertainty and election speculations heat up
USDSGD edges higher as speculation about Donald Trump’s potential election victory boosts the US dollar. Learn how political developments are impacting the market.
Aussie hits six-month high, kiwi drops on U.S. rate cut speculation
Key points: The Australian dollar held near six-month peaks on Friday, driven by market speculation around potential U.S. rate cuts. In contrast, the New Zealand dollar experienced significant declines due to expectations of steeper cuts domestically. Aussie gains, Kiwi struggles See: Aussie on the rise as seen on the VT Markets app. The Aussie stoodContinue Reading
Aussie strengthens against the Kiwi and Yen amidst diverging rate outlooks
The Australian dollar (AUDUSD) stood strong at NZ$1.1080, close to a 20-month high of $1.1017 reached on Wednesday. This strength followed the Reserve Bank of New Zealand’s (RBNZ) unexpected signal of potential rate cuts.
Chinese yuan hits eight-month low with missed inflation data and US dollar rebound
CNH slid to an eight-month low against the US dollar due to weak inflation data and a rebound of the greenback. Read about the market implications and outlook.
Dollar strengthens on Powell’s caution; Kiwi weakens post-dovish central bank
Key points: Dollar firms on Powell’s caution See: Dollar index trading at 104.768 as seen on the VT Markets app. Powell highlighted a cooling job market, indicating that the Fed faces “two-sided risks” and cannot focus solely on inflation. This statement underpinned the dollar’s rebound, with the dollar index (DXY), which measures the U.S. currencyContinue Reading
Rupee will rely on Powell’s testimony to end deadlock
Key points The Indian rupee is poised to open largely unchanged on Tuesday as traders eagerly await Federal Reserve Chair Jerome Powell’s testimony before Congress. The rupee’s movement has been constrained within a broad range of 83.35-83.60 against the U.S. dollar for over a month, reflecting a period of consolidation amid global economic uncertainties. OpeningContinue Reading
