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Archive for Currency Hedger
Archive for Currency Hedger
02
Dec

AUD/USD flatlines below 0.6550 as traders await Australian GDP release

The AUD/USD pair trades on a flat note near 0.6540 during the early Asian trading hours on Tuesday. Weaker-than-expected US economic data and rising US interest rate cut expectations in December drag the US Dollar (USD) lower against the Australian Dollar (AUD). Traders will closely monitor the Australian Gross Domestic Product (GDP) data for the third quarter […]

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02
Dec

Japanese Yen moves further away from two-week high vs USD amid positive risk tone

The Japanese Yen (JPY) edges lower during the Asian session on Tuesday and retreats further from a two-week high, touched against its American counterpart the previous day. A generally positive tone around the Asian equity markets is seen as a key factor undermining the JPY’s safe-haven status. Apart from this, the JPY downtick lacks any […]

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01
Dec

South Korean Won Extends Losses on Heavy Outflows

The South Korean won weakened to around 1,470 per dollar on Monday, extending losses from the previous session and hovering close to its lowest level in over seven months, pressured by persistent foreign equity outflows and firm corporate demand for US dollars. Offshore investors recorded their largest monthly net selling on Korean shares in November, […]

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01
Dec

EUR/JPY weakens below 180.50 as BoJ’s Ueda hints at rate hike

The EUR/JPY cross attracts some sellers near 180.45 during the early European session on Monday. The Japanese Yen (JPY) strengthens against the Euro (EUR) due to the latest comments from Bank of Japan (BoJ) Governor Kazuo Ueda. The HCOB Manufacturing Purchasing Managers Index (PMI) from the Eurozone, Germany, and France will be released later on Monday. […]

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01
Dec

Offshore Yuan Hovers Over One-Year Peak

The offshore yuan traded around 7.07 per USD, near its highest level since early October last year, as a broadly softer US dollar offset weak factory activity data in China. The softer greenback continued to support the currency, with investors looking ahead to a crucial month that could bring the Fed’s final rate cut of […]

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01
Dec

EUR/USD flirts with 200-day SMA hurdle, above 1.1600 amid a broadly weaker USD

The EUR/USD pair regains positive traction at the start of a new week and climbs back above the 1.1600 round figure during the Asian session. Bulls now await a move beyond a technically significant 200-day Simple Moving Average (SMA) before placing fresh bets and positioning for an extension of a one-week-old uptrend amid the prevalent […]

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01
Dec

GBP/USD flat lines near 1.3250 amid UK budget relief

The GBP/USD pair holds steady near 1.3245 during the Asian session on Monday as traders continue to digest the UK’s Autumn Budget. The potential downside for the major pair might be limited due to the rising expectations of a Federal Reserve (Fed) interest rate cut in the December meeting. The US November ISM Manufacturing Purchasing Managers Index (PMI) […]

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01
Dec

Japanese Yen climbs to over one-week top vs USD amid divergent BoJ-Fed expectations

The Japanese Yen (JPY) jumps to a one-and-a-half-week top against a broadly weaker US Dollar (USD) during the Asian session on Monday. The latest comments from Bank of Japan (BoJ) Governor Kazuo Ueda reaffirmed bets for an imminent interest rate hike, pushing Japanese government bond (JGB) yields to their highest levels in years. The resultant narrowing of […]

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01
Dec

USD/CAD rebounds above 1.3950 despite upbeat Canadian GDP data

The USD/CAD pair recovers some lost ground to around 1.3980 during the Asian trading hours on Monday. The potential upside might be limited amid rising bets of a US Federal Reserve (Fed) rate cut this month. Traders brace for the US November ISM Manufacturing Purchasing Managers Index (PMI) report later on Monday for fresh impetus. Investors ramp up expectations […]

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28
Nov

Chart of The Day – EUR/USD

The euro–dollar pair is pulling back toward the 1.157 area today ahead of Germany’s inflation data, which will be released at 2:30 p.m. Yesterday’s ECB minutes had a fairly hawkish tone, with the bank signaling a pause in rate cuts. On the other hand, recent data from the United States continue to show persistent resilience […]

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