CorporateBusiness Bay Dubai, UAE
Mon - Fri8.00 am to 7.00pm
Youghal Cork Ireland
Business Bay Dubai, UAE
Archive for Currency Hedger
Archive for Currency Hedger
27
Nov

Australian Dollar strengthens as US Dollar dips on Fed rate cut odds

The Australian Dollar (AUD) gains against the US Dollar (USD) on Thursday, extending its gains for the fifth successive session. The AUD/USD pair gains ground as the US Dollar (USD) struggles amid rising odds of Federal Reserve (Fed) rate cut bets in December. The Australian Bureau of Statistics (ABS) released Private Capital Expenditure on Thursday, which rose by 6.4% […]

Share This Post
27
Nov

Won Rises on Steady Policy, Improved Economic Forecast

The South Korean won appreciated to around 1,465 per dollar on Thursday, reversing losses from the previous session as investors digested the latest policy signal from the Bank of Korea. The central bank maintained its benchmark interest rate at 2.5 percent, a decision regarded as supportive of currency stability amid gradually improving financial conditions. The […]

Share This Post
27
Nov

Offshore Yuan Retreats on Weak Fixing

The offshore yuan weakened to around 7.07 per dollar, retreating from a thirteen-month high reached in the previous session following the People’s Bank of China’s first weaker-than-expected fixing in months. The central bank set the daily midpoint at 7.0779 per dollar, softer than Reuters’ forecast of 7.0733. This marked the first downside surprise in the […]

Share This Post
26
Nov

GBP/USD rises to near 1.3200 ahead of UK Autumn Budget

GBP/USD continues its winning streak for the fifth consecutive day, trading around 1.3190 during the Asian hours on Wednesday. Traders await the UK Chancellor of the Exchequer, Rachel Reeves, to deliver the Autumn Budget later in the day. The British Finance Minister Rachel Reeves is expected to unveil tens of billions of pounds in new […]

Share This Post
26
Nov

USD/CNH hits 13-month lows below 7.0800 as Fed rate cut bets increase

USD/CNH extends its losses for the fourth consecutive day, reaching a 13-month low of 7.0782 during the Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) comes under pressure, with softer United States (US) economic data boosting expectations of a Federal Reserve (Fed) rate cut in December. The CME FedWatch Tool suggests that markets […]

Share This Post
26
Nov

EUR/JPY remains range-bound below 181.00 as hawkish BoJ bets counter ECB optimism

The EUR/JPY pair struggles to capitalize on a modest intraday uptick on Wednesday and remains below the 181.00 round figure through the Asian session. Meanwhile, mixed fundamental cues keep spot prices confined in the weekly range and warrant some caution before placing aggressive directional bets. The Japanese Yen (JPY) gets a minor lift after reports […]

Share This Post
26
Nov

Australian Dollar rises as CPI beats forecasts, RBA policy in focus

The Australian Dollar (AUD) advances against the US Dollar (USD) on Wednesday, extending its gains for the fourth successive session. The AUD/USD pair holds ground after the Australian Bureau of Statistics (ABS) released the first “complete” monthly Consumer Price Index (CPI), which climbed by 3.8% year-over-year (YoY) in October. The reading surpassed the market consensus […]

Share This Post
26
Nov

Japanese Yen retreats from one-week top against weaker USD; downside seems limited

The Japanese Yen (JPY) retreats from a one-week top, touched against a broadly weaker US Dollar (USD) during the Asian session on Wednesday, though the downside seems limited. Despite reports that the Bank of Japan (BoJ) is ramping up rate hike messaging, the prospect for further policy tightening in December or January is still finely […]

Share This Post
26
Nov

USD/CHF slides to mid-0.8000s, further away from nearly three-week top amid weaker USD

The USD/CHF pair is seen extending the previous day’s pullback from a nearly three-week top – levels just above the 0.8100 mark – and losing ground for the second straight day on Wednesday. The slide is sponsored by the prevalent US Dollar (USD) selling bias and drags spot prices to mid-0.8000s, closer to the lower […]

Share This Post
25
Nov

GBP/USD inches lower to near 1.3100 as UK Gilts tick down

GBP/USD loses ground after three days of gains, trading around 1.3100 during the Asian hours on Tuesday. The Pound Sterling (GBP) came under pressure as UK 10-year Gilt yields edged lower to 4.54%, with investors awaiting the November 26 budget. Finance Minister Rachel Reeves is expected to find tens of billions of pounds to meet […]

Share This Post