Archive for Currency Hedger
Archive for Currency Hedger
12
Nov

USD/JPY Highest Since February 2025

The USD/JPY pair reached its highest levels since February 2025 today, approaching the psychological threshold of 155, driven by the fundamental conflict between the new Prime Minister Sanae Takaichi and the Bank of Japan. Takaichi, known as a proponent of expansionary fiscal policy and monetary easing in the spirit of Abenomics, is clearly signalling that […]

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12
Nov

GBP/USD moves below 1.3150 as traders expect BoE rate cut in December

GBP/USD extends its losses for the second successive day, trading around 1.3140 during the Asian hours on Wednesday. The pair depreciates as the Pound Sterling (GBP) struggles amid growing expectations that the Bank of England (BoE) will cut interest rates in December. Analysts at Morgan Stanley, Citigroup, and UBS Global Research have shifted their stance and expect […]

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12
Nov

USD/CAD holds gains above 1.4000 as US government shutdown nears end

USD/CAD edges higher after three days of losses, trading around 1.4010 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) gains support from the ongoing process to reopen the United States (US) government. Traders will likely observe the upcoming speeches from Federal Reserve (Fed) officials, including Christopher Waller, Raphael Bostic, and Stephen […]

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12
Nov

Australian Dollar extends losses despite cautious RBA tone

The Australian Dollar (AUD) weakens against the US Dollar (USD) on Wednesday, extending its losses for the second successive session. The AUD/USD pair declines as the US Dollar (USD) gains support from the ongoing process to reopen the United States (US) government. The AUD may regain support from cautious sentiment surrounding the Reserve Bank of Australia (RBA) […]

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12
Nov

Japanese Yen remains depressed amid BoJ rate hike caution, risk-on impulse

The Japanese Yen (JPY) attracts fresh sellers following the previous day’s two-way directionless price moved and drifts back closer to the lowest level since February 13, touched against its American counterpart the previous day. The Bank of Japan (BoJ) has been reluctant to commit to further interest rate hikes on the back of Japan’s Prime […]

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12
Nov

EUR/USD remains near 1.1600 as ECB holds steady, Fed easing eyed

EUR/USD remains steady after five days of gains, trading around 1.1580 during the Asian hours on Wednesday. The pair may continue its winning streak as the Euro (EUR) could further gain amid a cautious tone surrounding the European Central Bank (ECB) policy outlook. The ECB is expected to keep interest rates unchanged for now, backed by steady economic performance and inflation […]

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11
Nov

South Korean Won Slips on Continued Capital Outflows

The South Korean won slipped to around 1,464 per dollar on Tuesday, falling to its lowest level in seven months as sentiment was weighed down by concerns over ongoing capital outflows and BOK caution. Foreign investors have been pulling funds from Korean equities, while domestic investors are channeling large-scale investments into the US as part […]

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11
Nov

Pound Falls as Weak Labor Data Fuels BoE Cut Bets

The British pound weakened to $1.31 after weaker-than-expected labor market data strengthened expectations of a Bank of England interest rate cut next month. Regular pay growth slowed to 4.6% in the third quarter, the weakest since February–April 2022, while total pay, including bonuses, rose 4.8%, slightly below forecasts of 4.9%. Meanwhile, the unemployment rate climbed […]

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11
Nov

Yen Approaches 9-Month Low

The Japanese yen depreciated toward 154.5 per dollar on Tuesday, nearing nine-month lows as optimism over a potential US government reopening reduced safe-haven demand. Japan’s economic revitalization minister, Minoru Kiuchi, warned that the weaker yen could push up consumer prices through higher import costs, calling for close monitoring. A draft of Prime Minister Sanae Takaichi’s […]

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11
Nov

Kiwi Dollar Hovers Close to 7-Month Low

The New Zealand dollar traded around $0.564, near its lowest level since early April, as a subdued inflation outlook added to expectations of further monetary easing. Business inflation expectations showed two-year projections, the key policy horizon, unchanged at 2.28%, while one-year expectations edged up slightly to 2.39%, within the RBNZ’s 1%–3% target range, suggesting price […]

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