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According to a Reuters report, sources say that the Bank of Japan (BoJ) is set to raise interestย rates, most likely by 25 basis points, at the policy meeting on September 18. This move will push interest rates higher to 1.25%, a level not seen in the last 31 years. The report also showed that theย BoJย might […]
The AUD/USD pair edges lower to around 0.7155 during the early Asian session on Friday. The US Dollar strengthens against the Australian Dollar (AUD) following signs of hotter inflation in the United States (US). The release of the US August Consumer Price Index (CPI) inflation data will be in the spotlight later on Friday. The […]
The US Dollar (USD) clings to its Thursday gains in early session on Friday, driven by faster-than-expected growth in the United States (US) Producer Price Index (PPI) data for August. At press time, the US Dollar Index (DXY), which gauges the Greenbackโs value against six major currencies, trades marginally higher at around 99.12. On Thursday, […]
USD/CHF gains ground for the third consecutive day, trading around 0.8140 during the Asian hours on Friday. The pair appreciates as the US Dollar (USD) gains ground as expectations grow for a Federal Reserve (Fed) rate hike in September. According to the CME FedWatch Tool, markets are currently pricing in a greater than 72% probability […]
The EUR/JPY cross trades in negative territory around 179.10 during the early European session on Friday. The expectation of a Bank of Japan (BoJ) rate hike next week provides some support to the Japanese Yen (JPY) against the Euro (EUR). Analysts polled by Reuters anticipate the BoJ to raise the interest rate to 1.25% at the September 17-18 […]
If you want to trade a volatile asset class right now, foreign exchange, specifically yen crosses and USD/JPY, is the place to find it. The yen has seen a huge uplift in its volatility in recent days, and is higher by more than 1.5% so far this week. A story of intervention The yen is […]
The Indian rupee fell to around 95.7 per dollar, extending losses for a fourth consecutive session to two-week lows as surging crude oil prices and higher US Treasury yields weighed on the currency. Brent crude climbed nearly 12% this week, approaching $110 a barrel as intensifying Middle East tensions disrupted shipping through the Strait of […]
The South Korean won traded around 1,346 per dollar, easing slightly but remaining near a two-year high, as surging oil prices lifted demand for the US dollar. Brent crude climbed above $107 per barrel amid escalating US-Iran tensions, raising concerns over higher energy import costs. Additionally, the US 10-year Treasury yield approached 5% as markets […]
The Euro (EUR) trades in a tight range at around 1.1640 against the US Dollar (USD) during the European trading session on Thursday. The major currency pair consolidates as investors await the European Central Bankโs (ECB) monetary policy decision, which will be announced at 12:15 GMT. In the policy meeting, the ECB is widely anticipated to […]
The yen has recently been one of the strongest currencies in the world, and this market has a new player who openly says he is playing with “loaded” cards. US Treasury Secretary Scott Bessent, during a speech at a Texas university, challenged traders by saying โI am the house now”. This means that such a […]
