Currency Talk
JPY, Market Analysis, Technical Analysis, USD
USD/JPY Price Forecast: Yen Consolidates Near 157 as Intervention Risks Rise
The Japanese yen consolidated around 157 per dollar on Monday, after losing more than 2% last week, as traders remained alert to the possibility of renewed Japanese currency intervention during a holiday-shortened trading session. Japan’s markets are closed for a three-day holiday, reducing liquidity and potentially increasing the sensitivity of USD/JPY to official comments or […]
by Currency Hedger
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- 1 month ago
CNH, Technical Analysis, USD
USD/CNH Price Forecast: Offshore Yuan Holds Near 4-Year High as Trump-Xi Summit Approaches
The offshore yuan held around 6.69 per US dollar on Monday, remaining close to its strongest level since July 2022 as the Chinese currency continued to benefit from a combination of strong export flows, a softer US dollar and expectations surrounding the upcoming September 24 Trump-Xi summit. The yuan reached 6.6957 per dollar in early […]
by Currency Hedger
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- 1 month ago
NZD, Technical Analysis, USD
New Zealand Dollar Price Forecast: NZD/USD Tests 0.5700 as US-China Summit Approaches
The New Zealand dollar begins Monday trading near $0.5720, close to a more than two-month low, as markets assess the outlook for US-China trade relations ahead of the scheduled September 24 Trump-Xi summit. The NZD/USD pair remains under pressure after falling toward the 0.5700 area, with the stronger US Dollar, expectations for further Federal Reserve […]
by Currency Hedger
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- 1 month ago
USD
Dollar Steadies as Markets Await Fed Remarks
The dollar index steadied around 100.2 on Monday after surging last week, with investors awaiting several appearances by Federal Reserve officials this week for further clues on the outlook for monetary policy. On Sunday, Minneapolis Fed President Neel Kashkari said inflation remains too high and that price pressures have spread beyond the initial oil-price shock […]
by Currency Hedger
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- 1 month ago
Currency Talk, USD
Rupiah Holds Near IDR 17,810 as BI Meeting Looms
The Indonesian rupiah was little changed on Monday, hovering near IDR 17,810 per U.S. dollar after a seven-session losing streak, as traders positioned for Bank Indonesia’s policy decision this week. The central bank will begin its two-day meeting Tuesday, after leaving key rates unchanged at 5.75% for a second straight month in August following 100bps […]
by Currency Hedger
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- 1 month ago
JPY, Technical Analysis, USD
USD/JPY Outlook: Japanese Yen Rebounds as BoJ Intervention Fears Intensify Near 158 Resistance
The Japanese yen staged a sharp recovery against the U.S. dollar on Friday, reversing a substantial portion of its earlier losses after reports that Bank of Japan officials had been checking yen prices with market dealers. The move came after the Bank of Japan raised its policy rate from 1.00% to 1.25%, but the yen […]
by Currency Hedger
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- 1 month ago
JPY, Market Analysis, Technical Analysis
USD/JPY Outlook: Dollar Holds Above 156 as BoJ Rate Hike Fails to Lift the Yen
USD/JPY enters Monday trading with the US Dollar firmly supported against the Japanese Yen after the pair surged 0.63% on Friday and reached a daily high of 158.06 before pulling back toward 156.95-156.98. The Japanese Yen weakened despite the Bank of Japan (BoJ) raising its policy rate by 25 basis points to 1.25%, its highest […]
by Currency Hedger
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- 1 month ago
AUD, Market Analysis, Technical Analysis, USD
AUD/USD Outlook: Australian Dollar Builds Momentum Above 0.7100 as RBA Rate Hike Bets Support the Aussie
The Australian Dollar (AUD) is heading into Monday trading with positive momentum against the US Dollar after AUD/USD successfully broke above the important 0.7100 level. The pair reached 0.7136 during Friday’s session before settling around 0.7120-0.7124, close to the session highs. The move higher reflects improving risk appetite and growing expectations that the Reserve Bank […]
by Currency Hedger
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- 1 month ago
NZD, Technical Analysis, USD
NZD/USD Outlook: New Zealand Dollar Faces Fresh Selling Pressure as 0.5700 Support Comes Into Focus
The New Zealand Dollar (NZD) enters Monday trading under renewed pressure against the US Dollar (USD), after NZD/USD reversed sharply from 0.5787 on Friday and closed the week near its daily lows. The pair was last trading around 0.5725, leaving the 0.5700 level as the immediate technical battleground for the new trading week. The reversal […]
by Currency Hedger
- 0 Comments
- 1 month ago
Market Analysis, MXN, Technical Analysis, USD
USD/MXN, Mexican Peso forecast, Mexican Peso today, Fed rate hike, US dollar, Banxico interest rate
The Mexican peso weakened to around 17.2 per US dollar after reaching a more than two-year high of 16.98 on September 11, as the US Federal Reserve raised interest rates and signaled that another rate increase could still be possible this year. The Fed increased its federal funds target rate by 25 bps to 3.75%-4.00%, […]
by Currency Hedger
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- 1 month ago