Currency Talk
CNH, Market Analysis, Technical Analysis
Offshore Yuan Rises to 6.70 as China Expands Yuan Clearing and Markets Await Trump-Xi Summit
Today Markets Analysis The offshore yuan edged higher toward 6.70 per US dollar on Thursday, extending a period of relative strength as China expands the infrastructure supporting direct yuan-based foreign-exchange trading. The move comes as the Shanghai Clearing House expands central-counterparty clearing for spot transactions involving the Singapore dollar, New Zealand dollar and Thai baht, […]
by Currency Hedger
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- 1 month ago
AUD, Market Analysis, Technical Analysis, USD
Australian Dollar Slides Below $0.71 as Hawkish Fed, Strong US Dollar and Rising RBA Rate Bets Clash
Today Markets Analysis The Australian dollar is holding below $0.71, close to a four-week low, as renewed US dollar strength following the Federal Reserve’s latest interest-rate increase continues to outweigh expectations for further monetary tightening from the Reserve Bank of Australia (RBA). The Fed raised its federal funds target by 25 basis points to 3.75%-4.00%, […]
by Currency Hedger
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- 1 month ago
Market Analysis, NZD, Technical Analysis
New Zealand Dollar Slumps Toward $0.57 as Hawkish Fed, Strong US Dollar and Wide Rate Gap Pressure NZD
Today Markets Analysis The New Zealand dollar traded around $0.571, close to a more than two-month low, as a hawkish Federal Reserve strengthened the U.S. dollar and overwhelmed the positive impact of stronger-than-expected New Zealand economic growth. The Federal Reserve raised its benchmark interest-rate range by 25 basis points to 3.75%-4.00% on September 16, its […]
by Currency Hedger
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- 1 month ago
Market Analysis, Technical Analysis, USD
US Dollar Surges to Seven-Week High as Hawkish Fed Signals More Rate Hikes and Inflation Risks Persist
Today Markets Analysis The U.S. dollar remained around 100.3 on Thursday, holding close to a seven-week high after the Federal Reserve delivered its first interest-rate increase in three years and signalled that monetary policy may need to tighten further. The Federal Open Market Committee raised the federal funds target range by 25 basis points to […]
by Currency Hedger
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- 1 month ago
JPY, Market Analysis, Technical Analysis
Japanese Yen Slides to 156 as Hawkish Fed, Strong Dollar and BOJ Rate-Hike Expectations Drive Volatility
Today Markets Analysis: The Japanese yen remained under pressure on Thursday, trading around 156.1 per US dollar after three consecutive sessions of losses, as a stronger US dollar following the Federal Reserve’s latest rate decision temporarily outweighed expectations for further monetary tightening from the Bank of Japan. The Federal Reserve raised its benchmark interest rate […]
by Currency Hedger
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- 1 month ago
EUR, Market Analysis, Technical Analysis, USD
EUR/USD Price Forecast: 1.1500 to remain key support level for Fed’s Day
The Euro (EUR) trades with caution at around 1.1545 against the US Dollar (USD) during the early European trading session on Wednesday. The major currency pair is expected to remain under pressure as the Federal Reserve (Fed) is scheduled to announce the monetary policy decision at 18:00 GMT. The Fed is widely anticipated to break its […]
by Currency Hedger
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- 1 month ago
GBP, Market Analysis, Technical Analysis
UK CPI could set stage for future rate hikes at Bank of England
The United Kingdom (UK) Office for National Statistics (ONS) will publish the highly anticipated Consumer Price Index (CPI) data for August on Wednesday at 06:00 GMT. The inflation report could trigger volatility in the British Pound (GBP), as it comes just one day before the Bank of England (BoE) monetary policy decision. The central bank is expected […]
by Currency Hedger
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- 1 month ago
CHF, Technical Analysis, USD
USD/CHF Falls Toward 0.8180 Despite Fed Rate Hike Bets as Swiss Growth Outlook Improves
Today Markets Analysis: The US Dollar is losing ground against the Swiss Franc, with USD/CHF trading around 0.8180 on Wednesday, ending a five-session winning streak despite strong expectations for another Federal Reserve rate hike. The pair is being pulled in opposite directions. Hotter-than-expected US inflation has reinforced expectations for further Federal Reserve tightening, supporting the […]
by Currency Hedger
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- 1 month ago
INR, Technical Analysis, USD
USD/INR Near 96 as Fed Rate Hike and India Inflation Put Rupee Under Pressure
Today Markets Analysis: The Indian Rupee remains under pressure against the US Dollar, with USD/INR trading around 95.93 and close to a seven-week high near 96.00 as investors await the Federal Reserve’s latest monetary policy decision. Higher US Treasury yields, expectations for further Federal Reserve tightening and rising Indian inflation are creating a challenging backdrop […]
by Currency Hedger
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- 1 month ago
Currency Talk, USD
Rupiah Slides for 5th Session Ahead of Fed Decision
The Indonesian rupiah slipped past IDR 17,700 per U.S. dollar on Wednesday, extending its losing streak to five sessions as the dollar index hit a one-month high ahead of the Fed’s policy decision. Markets widely expect the U.S. central bank to deliver its first rate hike in around three years, keeping the greenback supported and […]
by Currency Hedger
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- 1 month ago