Currency Talk
AUD, Market Analysis, Technical Analysis, USD
Australian Dollar Hits Nine-Month Low as Fed Rate Hike Expectations Strengthen US Dollar
The Australian dollar fell below US$0.69 on Thursday, reaching its weakest level since late January as renewed US dollar strength and deteriorating domestic economic sentiment weighed on the currency. Expectations of a more aggressive Federal Reserve policy response following stronger-than-expected US inflation have increased pressure on the Aussie, while weakening Australian housing data and falling […]
by Currency Hedger
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- 16 hours ago
IDR, Market Analysis, Technical Analysis, USD
Indonesian Rupiah Nears Record Low as Dollar Strength and Political Uncertainty Intensify Pressure
The Indonesian rupiah remained under significant pressure on Thursday, trading near IDR 18,250 per US dollar and approaching its record low of IDR 18,279. Losses extended into a second consecutive session as a stronger US dollar, domestic political uncertainty and concerns over potential foreign capital outflows continued to weigh on sentiment. The US dollar has […]
by Currency Hedger
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- 16 hours ago
EUR, Market Analysis, Technical Analysis, USD
Euro Falls Below $1.115 as Fed Rate Hike Expectations and French Political Risks Weigh on Currency
The euro extended its decline below $1.115 on Wednesday, moving closer to its October multi-month lows as a stronger US dollar and growing expectations of further Federal Reserve tightening weighed on the single currency. Hotter-than-expected US inflation has reinforced expectations of another Federal Reserve interest-rate increase in December, with markets also considering the possibility of […]
by Currency Hedger
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- 1 day ago
CHF, EUR, KRW, Market Analysis, MXN, NOK, Technical Analysis
Foreign Exchange Market Update: South Korean Won Leads Currency Gains as Yen, Euro and Pound Weaken
Foreign exchange markets are showing mixed performance, with the South Korean won leading the latest currency gains at 0.68%, followed by the Mexican peso and Indian rupee. The dollar index has also advanced, gaining 0.16%, indicating that the US currency is strengthening against a number of major peers. On the losing side, the Norwegian krone […]
by Currency Hedger
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- 1 day ago
CAD, EUR
Euro holds ground against Canadian Dollar amid weaker oil prices
EUR/CAD inches higher after posting minor losses in the previous day, trading around 1.5840 during European hours on Wednesday. The currency cross holds ground following the release of final German inflation data. Final German Harmonized Index of Consumer Prices (HICP) data confirmed preliminary estimates of a 0.1% monthly contraction and 2.8% year-on-year growth in October. […]
by Currency Hedger
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- 1 day ago
EUR, GBP, Market Analysis, Technical Analysis
EUR/GBP Price Forecast: Euro stalls below 0.8370 as Crude recovery weighs
The Euro (EUR) trades practically flat against the British Pound (GBP) on Wednesday, as the rebound in Oil prices is offsetting the positive risk sentiment. The EUR/GBP pair holds above the top of the previous trading range, at 0.8360 so far, but remains unable to find acceptance above 0.8370. Crude Oil prices have bounced up […]
by Currency Hedger
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- 1 day ago
INR, Market Analysis, Technical Analysis, USD
Indian Rupee rallies further on FIIs return to Indian stock market
The Indian Rupee (INR) continues to outperform the US Dollar (USD) on the back of significant inflow of foreign funds into the Indian stock market and a continued decline in oil prices. As of writing, the USD/INR pair posts a fresh five-month low near 93.70. FIIs buying remains significant in past trading days There has […]
by Currency Hedger
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- 1 day ago
CHF, Market Analysis, Technical Analysis, USD
Swiss Franc declines amid divergent Fed-SNB rate outlooks
USD/CHF extends its gains for the second consecutive day, trading around 0.8260 during early European hours on Wednesday. The currency pair continues to appreciate as the US Dollar (USD) remains firm following the latest US inflation report. The data has reinforced market expectations for a Federal Reserve (Fed) rate hike in December, with the CME […]
by Currency Hedger
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- 1 day ago
EUR, Market Analysis, USD
Euro remains on its back foot as German CPI confirms easing price pressures
The Euro (EUR) extends losses against the US Dollar (USD) for the second consecutive day, on Wednesday, failing to find support in the final German inflation release. The EUR/USD trades at 1.1155, after retreating from session highs just above 1.1250 on Tuesday, although it remains within the previous range, above year-to-date lows at the 1.1110 area. […]
by Currency Hedger
- 0 Comments
- 1 day ago
IDR, Market Analysis, Technical Analysis, USD
Indonesian Rupiah Falls Beyond IDR 18,150 as Dollar Strength and Political Uncertainty Hit Sentiment
The Indonesian rupiah weakened beyond IDR 18,150 per US dollar on Wednesday, reversing recent gains as a stronger greenback, domestic political uncertainty and renewed concerns over foreign capital outflows weighed on the currency. The rupiah was among the weakest-performing currencies in the region, facing pressure from hotter-than-expected US inflation and growing expectations of further Federal […]
by Currency Hedger
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- 2 days ago