Contributor: Currency Hedger | Market Analysis: Louis Roche, Today Markets The Indonesian rupiah remains vulnerable to external dollar strength and domestic inflation pressures, with USD/IDR trading around IDR 17,900 per US dollar in the supplied market snapshot. Ahead of key US inflation data, the direction of the dollar and changes in global risk sentiment are […]
Contributor: Currency Hedger | Market Analysis: Louis Roche, Today Markets The South Korean won has retreated towards 1,342 per US dollar after reaching its strongest level since October 2024, as renewed dollar strength and rising energy prices challenge the currency’s recovery. The move highlights South Korea’s exposure to imported energy costs at a time when […]
The GBP/USD pair trades in positive territory around 1.3240 during the early European trading hours on Monday. The US Dollar (USD) softens against the British Pound (GBP) as markets continue to assess the US Federal Reserve (Fed) rate hike path. An escalating Middle East conflict kept traders wary ahead of key US inflation data later […]
USD/CHF gains ground after two days of losses, trading around 0.8310 during Asian hours on Monday. The currency pair is finding upward support as the Swiss Franc (CHF) remains under pressure from short positions. This weakness stems from market expectations that other major central banks will continue monetary tightening, while the Swiss National Bank (SNB) […]
The AUD/USD pair struggles to capitalize on a modest Asian session uptick, trading below the 0.7000 psychological mark and below a nearly two-week high, touched earlier this Monday. Against the backdrop of the recent minor pullback in US bond yields from multi-year highs, the US Dollar (USD) kicks off the new week on a weaker […]
The Euro (EUR) is marginally higher at around 1.1208 against the US Dollar (USD) during the Asian trading session on Monday. The major currency pair gets slight relief from the announcement of an energy ceasefire between Russia and Ukraine, which has put some pressure on oil prices. Over the weekend, US President Donald Trump announced […]
The AUD/JPY cross trades in negative territory around 110.50 during the early European trading hours on Monday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD), with trading activity expected to remain subdued due to a national holiday in Japan. Traders remain on high alert for currency intervention from Japanese authorities to proop up […]
USD/JPY depreciates after registering modest gains in the previous trading day, hovering around 158.10 during Asian hours on Monday. The pair may see limited movement due to thin trading conditions as Japanese markets are closed for the Sports Day public holiday. Ahead of the Bank of Japan (BoJ) October 29–30 meeting, policymakers will review additional […]
The USD/CAD pair struggles to capitalize on a modest gap-up open at the start of a new week, retreating back to mid-1.4200s during the Asian session. However, a combination of diverging forces warrants some caution before positioning for an extension of Friday’s pullback from the 1.4300 neighborhood, or its highest level since April 2025. The […]
EUR/JPY gains ground for the third successive day, trading around 177.40 during Asian hours on Monday. Liquidity would be thin, although it is the best opportunity for ‘Yentervention’. Technical analysis of the daily chart shows that the currency cross is moving downward within the descending channel pattern, suggesting an ongoing bearish bias. The EUR/JPY cross […]