Tag Archives: Policy
policy
Dollar eases on weak U.S. inflation data; kiwi plummets following rate cut
The U.S. dollar started Wednesday on shaky ground after tumbling overnight against major currencies, driven by a surprisingly benign reading on U.S. producer prices. This report has amplified expectations that the Federal Reserve might lean towards rate cuts later this year.
Australian dollar rises on hawkish hold from the RBA
The Australian dollar appreciates to near one-week high after RBA maintains cash rate at 4.35% and warns inflation remains high. US Fed rate cuts also influence the Aussie.
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.
Dollar and yen remain steady as markets await BOJ and Fed decisions
The Japanese yen took a breather from its recent rally as the BOJ began its two-day meeting on Tuesday. Last week, the yen surged over 2% against the dollar.
What forex traders need to know about BRICS’ de-dollarisation efforts
The dollar is king, but it is at risk of losing its throne.
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.
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?
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
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
Gold edges higher as focus turns to Fed Powell’s testimony
Gold prices experienced a slight uptick on Tuesday, reflecting cautious optimism among investors as they await critical economic updates. Spot gold rose by 0.2%, reaching $2,364.03 per ounce.
