Currency Talk
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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- 2 months 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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- 2 months 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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- 2 months 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
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- 2 months ago
EUR, JPY
EUR/JPY Price Slips below 178.50 within oversold territory
EUR/JPY loses ground for the second consecutive day, trading around 178.40 during the Asian hours on Tuesday. Technical analysis of the daily chart indicates the currency cross remains within the descending channel pattern, signalling a bearish bias. The EUR/JPY cross maintains a bearish near-term tone as it remains below both the nine- and 50-period Exponential […]
by Currency Hedger
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- 2 months ago
JPY, Technical Analysis
Japanese Yen rises to seven-month high on BoJ rate hike bets
The USD/JPY pair falls to around 153.50 during the early European trading hours on Tuesday. The Japanese Yen (JPY) strengthens to a seven-month high against the US Dollar (USD) amid growing expectations of a Bank of Japan (BoJ) interest-rate hike. The key US inflation data will be in the spotlight later this week. Growing trader bets […]
by Currency Hedger
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- 2 months ago
EUR, Technical Analysis
Euro holds steady above 1.1600 as markets brace for US inflation data and ECB rate decision
The EUR/USD pair trades on a flat note around 1.1625 during the early European trading hours on Tuesday. Traders prefer to wait on the sidelines ahead of the key US inflation data and the European Central Bank (ECB) interest rate decision later this week. Data released last week showed that the US economy added 162,000 jobs in […]
by Currency Hedger
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- 2 months ago
INR, USD
Rupee Retreats on Oil, Importer Demand
The Indian rupee fell to around 94.61 per dollar, retreating from more than two-month highs as rising oil prices and increased importer hedging demand pressured the currency. The rupee’s recovery has lost momentum as companies lock in dollar requirements amid concerns over costlier crude. Brent crude neared $97 a barrel as escalating US-Iran tensions and […]
by Currency Hedger
- 0 Comments
- 2 months ago
CNH, USD
Offshore Yuan Steady Near 2023 Peak
The offshore yuan held steady around 6.70 per dollar on Tuesday, remaining near its strongest level since January 2023, as strong trade data reinforced optimism over China’s external demand. Exports climbed 25.0% year-on-year to USD 401.44 billion in August 2026, accelerating from 23.9% growth in July, while imports surged 28.2% year-on-year to USD 282.4 billion, […]
by Currency Hedger
- 0 Comments
- 2 months ago
AUD, Technical Analysis
Australian Dollar remains steady following China’s Trade Balance data
AUD/USD halts its four-day winning streak, trading around 0.7210 during Asian hours on Tuesday. The pair holds ground following the release Trade Balance data from China, Australia’s close trading partner. China’s Trade Balance, in US Dollar (USD) terms, arrived at $119.09 billion for August, almost in line with $119.1 billion estimates, but higher than the […]
by Currency Hedger
- 0 Comments
- 2 months ago