Currency Talk
Technical Analysis, USD
US Dollar Index (DXY) struggles below 99.00, two-week low as traders eye US inflation data
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, remains under some selling pressure for the second straight day and drops to an over two-week low during the Asian session on Tuesday. The index currently trades around the 98.80 region, down 0.10% for the day, though it manages to hold […]
by Currency Hedger
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- 2 months ago
CAD
Canadian Dollar gains as US Dollar struggles despite rising Fed rate hike bets
USD/CAD extends its losses for the second successive day, trading around 1.3800 during the Asian hours on Tuesday. Analysts at HSBC caution that, despite the recent improvement in sentiment around the Fed’s anti-inflation stance, broader structural issues have not disappeared. They highlight ongoing worries over US fiscal sustainability, noting that they “remain cautious about broader […]
by Currency Hedger
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- 2 months ago
GBP, Technical Analysis
GBP drifts higher to near 1.3550 on UK fiscal discipline pledges
The GBP/USD pair gains ground to near 1.3545 during the Asian trading hours on Tuesday. The British Pound (GBP) edges higher against the US Dollar (USD) after UK Chancellor John Healey unveiled a series of measures designed to encourage economic growth and draw more private investment into the UK. Healey promised to cut regulatory barriers to UK […]
by Currency Hedger
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- 2 months ago
GBP, Institutional
U.K Chancellor keeps Budget under wraps, as he promotes growth, growth, growth
John Healey’s first speech as Chancellor has had a minimal effect on UK Gilt markets. The 2-year yield is up less than 2 basis points this morning, and the 10-year Gilt yield is up by 1bp, in line with the movement in yields elsewhere. Sterling is also up a notch, but overall, the new Chancellor […]
by Currency Hedger
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- 2 months ago
Institutional, JPY, Technical Analysis
Chart of the Day – USD/JPY lowest since February – what stands behind the decline?
The yen continues its appreciation, which began on September 2. On a weekly basis, the Japanese currency has strengthened against the US dollar by over 3%. Figure 1: G10 Currency Performance (31.08.2026 – 07.09.2026) Source: XTB Research, 07.09.2026 Shift in Fundamentals? There are many indications that the move was not the result of direct market […]
by Currency Hedger
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- 2 months ago
Institutional, JPY, Technical Analysis
USDJPY drops 1% breaking 155
USDJPY pair sets lowest levels since February, breaking through previous intervention levels from August The USDJPY pair recorded another dynamic drop today of over 1%, breaking through previous post-intervention lows (155.23) and the psychological barrier of 155.00, reaching the 154 level. The yen is at its strongest against the US dollar since February, even despite […]
by Currency Hedger
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- 2 months ago
GBP, Institutional, Technical Analysis
British Pound edges higher against US Dollar, UK Chancellor Healey’s speech eyed
The British Pound (GBP) is marginally higher at around 1.3525 against the US Dollar (USD) during the European trading session on Monday. The GBP/USD pair ticks up as the US Dollar struggles to attract bids despite the United States (US) Bureau of Labor Statistics (BLS) posting strong Nonfarm Payrolls (NFP) figures for August. At press time, the […]
by Currency Hedger
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- 2 months ago
CNH
Offshore Yuan Edges Lower
The offshore yuan edged lower to around 6.71 per dollar on Monday, retreating from a more than three-year high reached in the previous session as the People’s Bank of China continued to signal a more measured approach to the currency’s appreciation. The central bank set its daily midpoint at 6.7795 per dollar, 709 pips weaker […]
by Currency Hedger
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- 2 months ago
Currency Talk
Rupiah Holds Below IDR 17,700 as Forex Reserves Rise
The Indonesian rupiah remained below IDR 17,700 per U.S. dollar for a third straight session on Monday, hovering around IDR 17,650, as sentiment was supported by stronger external buffers and signs of fiscal prudence. August forex reserves rose to a five-month high of USD 146.5 billion, helped by government withdrawals of external loans. Meanwhile, the […]
by Currency Hedger
- 0 Comments
- 2 months ago
INR
Rupee Hits Two-Month High
The Indian rupee rose to around 94.4 per dollar, reaching more than two-month highs as persistent Reserve Bank of India intervention and expectations of continued dollar selling supported the currency. The rupee gained 0.9% last week, with the RBI’s sustained presence helping insulate it from negative global cues. Traders stated that the central bank’s ability […]
by Currency Hedger
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- 2 months ago