Currency Talk
KRW
South Korean Won Eases From Near 2-Year High
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 […]
by Currency Hedger
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- 3 weeks ago
EUR, Institutional, Technical Analysis
EUR/USD Price Consolidates around 1.1640 in countdown to ECB’s policy decision
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 Bank’s (ECB) monetary policy decision, which will be announced at 12:15 GMT. In the policy meeting, the ECB is widely anticipated to […]
by Currency Hedger
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- 3 weeks ago
Institutional, JPY, Technical Analysis
Chart of The Day – USD/JPY under the influence of Bessent and the BoJ
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 “I am the house now”. This means that such a […]
by Currency Hedger
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- 3 weeks ago
EUR, JPY
EUR/JPY Price Stays near 178.50 amid ongoing bearish bias
EUR/JPY remains steady after three days of losses, trading around 178.60 during the Asian hours on Thursday. Technical analysis of the daily chart indicates the currency cross remains within the descending channel pattern, signalling a bearish bias. The EUR/JPY cross is maintaining a bearish near-term bias as it holds beneath both the nine-period and 50-period […]
by Currency Hedger
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- 3 weeks ago
AUD
AUD/USD Price Sits near May 14 high, above 0.7200 as US inflation data looms
The AUD/USD pair holds steady above the 0.7200 mark through the Asians session on Thursday and remains close to its highest level since May 14, touched earlier this week. Traders seem hesitant and opt to wait for the key US inflation data for more cues about the Federal Reserve’s (Fed) policy path, which will drive the US Dollar […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
CHF
Swiss Franc gains as US Dollar weakens on Fed uncertainty
USD/CHF loses ground after registering gains in the previous day, trading around 0.8090 during the Asian hours on Thursday. The pair depreciates as the US Dollar (USD) falls following a Reuters poll, in which the majority of economists said the Federal Reserve (Fed) will likely hold its interest rate steady at its September 15-16 meeting and for […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
EUR, Uncategorized, USD
EUR/USD Price Forecast: Sticks to gains above 1.1600 as bulls await ECB, US PPI
The EUR/USD pair attracts some dip-buyers during the Asian session on Thursday, though it lacks follow-through as traders seem hesitant ahead of the European Central Bank (ECB) meeting and the US Producer Price Index (PPI). Spot prices currently trade just below mid-1.1600s and remain close to a one-and-a-half-week high, touched on Wednesday. A 25 basis […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
Technical Analysis, USD
United States Dollar Index weakens ahead of critical US inflation reports
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground for the fourth consecutive day and trading around 98.70 during Asian hours on Thursday. Market participants are closely watching the upcoming US Producer Price Index data due to be released on Thursday and Consumer […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
NZD, Technical Analysis
New Zealand Dollar edges higher to near 0.5850 ahead of US PPI inflation data
The NZD/USD pair gathers strength to around 0.5845 during the early Asian session on Thursday, bolstered by a softer US Dollar (USD). All eyes will be on the upcoming Producer Price Index (PPI) data due on Thursday. Traders will keep an eye on the US inflation data later this week, which could shed fresh light on the […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
GBP
British Pound rises as US Dollar weaken ahead of PPI data
GBP/USD extends its winning streak for the fifth consecutive day, trading around 1.3540 during the Asian hours on Thursday. Market participants are closely watching the upcoming US Producer Price Index (PPI) data due on Thursday and Consumer Price Index (CPI) data on Friday, as these inflation reports could provide vital hints regarding the Federal Reserve’s monetary […]
by Currency Hedger
- 0 Comments
- 3 weeks ago