Tag Archives: Forex
forex
Dollar weakens against yen as Fed rate cut looms
The dollar weakened further on Monday, reaching 139.58 yen as investors grew increasingly confident that the Federal Reserve might implement a larger-than-expected rate cut later this week. This recent dip marks a continuation of the dollar’s retreat from 140.285 yen, a level last seen in December 2022. -vtmarkets.com
Rupee poised to strengthen as traders anticipate larger Fed rate cut
The Indian rupee looks likely to gain momentum after media reports, including those from the Financial Times and Wall Street Journal, indicated that next week’s Federal Reserve decision might involve a larger-than-expected rate cut. -vtmarkets.com
Traders bet on Fed’s next move, weakening the dollar
Trader sentiment has shifted amid media reports and new economic data, hinting that the Federal Reserve might lean toward a more aggressive interest rate cut. Market participants, guided by the CME FedWatch tool, have increased their expectations for a 50-basis-point cut, now pricing in a 43% chance, up from 27% just a day earlier. -vtmarkets.com
Dollar firms up as market bets on smaller Fed rate cut
The dollar fueled by smaller Fed rate cut bets following U.S. inflation data. Markets now expect a 25-bps cut, while political factors create added uncertainty for the greenback. -vtmarkets.com
Offshore yuan rebounds as Trump’s election prospects decline
Offshore yuan rebounds past 7.11 per dollar as Donald Trump’s chances of winning the U.S. presidency decline, reducing tariff threats. Traders now focus on U.S. inflation and key Chinese economic data. -vtmarkets.com
New Zealand dollar holds steady as markets await US CPI data
New Zealand dollar remains steady as investors await US inflation data, which could guide Federal Reserve’s rate decision next week. -vtmarkets.com
Yen nears a 5-week high as traders focus on the U.S. presidential debate and inflation report
The yen held close to a five-week high on Wednesday, with USD/JPY at 142.18. The dollar was down 0.2% in early trading, and traders are now focused on upcoming U.S. inflation data and the first U.S. presidential debate between Kamala Harris and Donald Trump. -vtmarkets.com
Sterling falls as the U.S. dollar gains on jobs-fueled rally
Key Points: The GBPUSD pair experienced a sharp reversal, with the pound erasing more than 1% in gains due to a sudden surge in the US dollar following the release of the US jobs report. Picture: GBPUSD pair dropped 1% as the US dollar rallied, as observed on the VT Markets app. Earlier in theContinue Reading
Aussie drops to 3-week low on weak sentiment and domestic data
Key Points: The Australian dollar extended its recent losses, falling below $0.666, marking a three-week low as weak domestic economic data and cautious global market sentiment weighed on the currency. Picture: AUDUSD dips below $0.666 due to weak consumer sentiment, as observed on the VT Markets app. A private survey showed a dip in consumerContinue Reading
Dollar holds steady while yen slips amid ongoing Fed rate-cut debate
Key points: The dollar held steady on Monday as investors remained uncertain about the size of an anticipated Federal Reserve rate cut this month. Meanwhile, the yen lost some ground after last week’s rise, reflecting a pullback in risk aversion. Friday’s US jobs report added to the ambiguity in the market. Although the report revealedContinue Reading
