Currency Talk
CAD
USD/CAD Price Remains below 1.3800 as bearish bias prevails
USD/CAD extends its losses for the third consecutive day, trading around 1.3780 during the European hours on Wednesday. The technical analysis of the daily chart indicates the pair is falling within the descending channel pattern, signalling a persistent bearish bias. USD/CAD is holding a bearish near-term bias as spot remains under both the nine-day and […]
by Currency Hedger
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- 4 weeks ago
NZD, Technical Analysis
NZD/USD Price Forecast: Rises in limited range with US CPI in focus
The New Zealand Dollar (NZD) trades 0.13% higher at around 0.5860 against the US Dollar (USD) during the European trading session on Wednesday, but remains inside Tuesday’s trading range. The Kiwi pair gains as the US Dollar underperforms despite Federal Reserve (Fed) interest rate hike expectations. At press time, the US Dollar Index (DXY), which gauges the […]
by Currency Hedger
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- 4 weeks ago
EUR, GBP
Euro remains steady against British Pound Gains due to ECB rate hike bets
EUR/GBP remains steady after experiencing volatility, hovering around 0.8580 during European hours on Wednesday. However, the currency cross may gain ground as the Euro (EUR) could receive support ahead of the looming European Central Bank (ECB) monetary policy decision. The ECB is widely expected to hike interest rates at its September policy meeting on Thursday, driven by surging […]
by Currency Hedger
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- 4 weeks ago
EUR, JPY
Euro recovers some early losses against Japanese Yen, ECB policy in focus
The Euro (EUR) claws back some of its early losses against the Japanese Yen (JPY) during the European trading session on Tuesday. At press time, EUR/JPY is down 0.3% to near 178.85 even after recovering from its intraday low of 177.85. Japanese Yen Price Today The table below shows the percentage change of Japanese Yen (JPY) […]
by Currency Hedger
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- 4 weeks ago
INR
Indian Rupee slumps as oil prices rally further, prompting RBI intervention prospects
The Indian Rupee (INR) extends its decline against the US Dollar (USD) on Wednesday after a sharp correction the previous day. The USD/INR pair jumps marginally above 95.00 as surging energy prices have battered the Indian currency significantly. As of writing, the MCX Crude Oil contract expiring on September 21 trades higher by over 2.5%, slightly above […]
by Currency Hedger
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- 4 weeks ago
GBP, JPY
British Pound dips to 207.50 as Japanese Yen rallies, unfazed by Oil prices
The British Pound (GBP) extends losses on Wednesday as the Japanese Yen (JPY) rallies across the board, with investors bracing for a quarter-point rate hike by the Bank of Japan (BoJ) at next week’s monetary policy meeting. The GBP/JPY’s rebound from year-to-date lows at 207.10 was capped at the 209.00 area on Tuesday, and the pair retreated […]
by Currency Hedger
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- 4 weeks ago
AUD, Technical Analysis
AUD/USD Approaches four-year high near 0.7280
The Australian Dollar (AUD) is higher against its major currency peers, except the Japanese Yen (JPY), on Wednesday, trading 0.16% up at around 0.7230 against the US Dollar (USD) during the European session. Australian Dollar Price Today The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar […]
by Currency Hedger
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- 4 weeks ago
CNH, USD
Offshore Yuan Remains at Over 3-Year High
The offshore yuan traded around 6.70 per dollar on Wednesday, remaining at its strongest level since January 2023 as investors increasingly turn to the currency as a funding option for carry trades. The recent surge in the yen has prompted investors to look for alternatives such as the yuan, given China’s relatively low interest rates […]
by Currency Hedger
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- 4 weeks ago
NZD, Technical Analysis, USD
New Zealand Dollar struggles after China’s Trade Balance data
NZD/USD extends its losses for the third successive day, trading around 0.5850 during the Asian hours on Tuesday. The pair is depreciating as the New Zealand Dollar (NZD) remains under pressure following the release of trade data from China, New Zealand’s major trading partner. China’s August Trade Balance reached $119.09 billion, aligning closely with forecasts […]
by Currency Hedger
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- 4 weeks ago
AUD, JPY, Technical Analysis
AUD/JPY Weakens below 111.00, remains capped below 100-day SMA
The AUD/JPY cross trades in negative territory around 110.75 during the early European trading hours on Tuesday. A slew of hawkish comments from the Bank of Japan (BoJ) policymakers have cemented views that the BoJ will raise interest rates this month, supporting the Japanese Yen (JPY) against the Australian Dollar (AUD). BoJ board member Hajime Takata said last […]
by Currency Hedger
- 0 Comments
- 4 weeks ago