Currency Talk
AUD, Technical Analysis, USD
Australian Dollar Slides to Two-Week Low as Fed and RBA Rate Bets Rise
Today Markets Analysis: The Australian dollar has fallen to around $0.71, extending last week’s decline and reaching its lowest level in almost two weeks. A stronger US dollar following hotter-than-expected US inflation has increased expectations for Federal Reserve rate hikes, while rising oil prices and renewed hawkish signals from the Reserve Bank of Australia are […]
by Currency Hedger
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- 3 weeks ago
Institutional, USD
Dollar Edges Higher Ahead of Fed Meeting
The dollar index rose toward 99.2 on Monday, gaining for a fourth consecutive session as investors prepared for the upcoming Federal Reserve policy meeting while assessing the impact of surging oil prices. Markets are currently pricing in an 86% probability that the Fed will raise its policy rate by 25 basis points on Wednesday, with […]
by Currency Hedger
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- 3 weeks ago
NZD, Technical Analysis, USD
New Zealand Dollar Slides to Six-Week Low as Fed Expectations Strengthen
Today Markets Analysis: The New Zealand dollar slipped towards $0.579, hovering near its lowest level in more than six weeks, as a stronger US dollar and elevated US inflation increased expectations for tighter Federal Reserve policy. The NZD is now facing a combination of US dollar strength, weaker domestic growth expectations and a cautious Reserve […]
by Currency Hedger
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- 3 weeks ago
CHF, Technical Analysis, USD
USD/CHF Rises Above 0.8150 as US Inflation Strengthens Fed Rate-Hike Bets
Today Markets Analysis: USD/CHF extended its rebound on Friday, climbing more than 0.40% as stronger-than-expected US inflation data, following Thursday’s firmer producer-price figures, prompted markets to reassess expectations for the Federal Reserve’s next policy decision. The pair broke above the September high at 0.8156, strengthening the near-term bullish technical outlook. USD/CHF Gains as US Inflation […]
by Currency Hedger
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- 3 weeks ago
CNH, Technical Analysis, USD
USD/CNH Rebounds as Bearish Momentum Fades, but Gains Remain Range-Bound
Today Markets Analysis: USD/CNH has rebounded sharply after briefly testing below 6.7050, with the recovery signalling that bearish momentum is beginning to fade. United Overseas Bank now sees a modest upside bias over the next one to three weeks, although gains are expected to remain contained within a defined technical range. USD/CNH Rebounds Sharply USD/CNH […]
by Currency Hedger
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- 3 weeks ago
Technical Analysis, USD
USD/SGD Rebounds as Upside Momentum Builds, but 1.2705 Resistance Caps Gains
Today Markets Analysis: USD/SGD has staged a sharp rebound, with short-term momentum turning higher after the pair broke above previous resistance. However, the Singapore dollar remains supported by a relatively firm Nominal Effective Exchange Rate (NEER), while the 1.2705 area represents a significant technical barrier for further US dollar gains. USD/SGD Momentum Turns Higher USD/SGD […]
by Currency Hedger
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- 3 weeks ago
AUD, Technical Analysis, USD
AUD/USD Holds Above Key Support as Fed Bets Strengthen the US Dollar
Today Markets Analysis: AUD/USD finished Friday higher but remained under pressure on a weekly basis as expectations of tighter Federal Reserve policy supported the US dollar. The pair closed around 0.7171, up 0.38% on the session but down approximately 0.45% for the week. Despite the broader weekly decline, technical momentum remains constructive and leaves scope […]
by Currency Hedger
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- 3 weeks ago
Technical Analysis, USD
Brazilian Real Strengthens as Lower Inflation Supports Currency
Today Markets Analysis: The Brazilian real strengthened to around 5.08 per US dollar in September, reaching a more than one-month high as softer-than-expected inflation reinforced confidence in Brazil’s macroeconomic outlook. The move comes as markets assess the outlook for the Banco Central do Brasil (BCB) and the country’s still-attractive interest-rate differential. Inflation Eases Further Brazil’s […]
by Currency Hedger
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- 3 weeks ago
MXN, Technical Analysis, USD
Mexican Peso Holds Near Two-Year High as Strong Mexican Data Supports MXN
Today Markets Analysis: The Mexican peso remains firmly supported near a more than two-year high against the US dollar, with improving domestic economic data providing fresh fundamental support for the currency. USD/MXN was trading near 16.98, close to the 16.91 level reached on September 4, its strongest point in more than two years. Mexican Economic […]
by Currency Hedger
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- 3 weeks ago
EUR, Technical Analysis, USD
EUR/USD Price Forecast: Likely find direction after US CPI data
The Euro (EUR) trades subduedly at around 1.1608 against the US Dollar (USD) during the European trading session on Friday. The major currency pair has remained in a tight range between 1.1566 and 1.1641 for over 10 days, but is likely to find direction after the release of the United States (US) Consumer Price Index […]
by Currency Hedger
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- 3 weeks ago