The AUD/USD pair attracts some buyers in the vicinity of mid-0.7100s at the start of a new week, stalling Friday’s retracement slide from its highest level since mid-May. Spot prices, however, lack bullish conviction and remain below the 0.7200 mark through the Asian session. The US Dollar (USD) trades with a mild negative bias below […]
The AUD/JPY cross trades in negative territory around 114.50 during the early European session on Monday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) as Japan’s annual core Consumer Price Index (CPI) inflation in Tokyo rose for a third consecutive month in August, reinforcing expectations that the Bank of Japan (BOJ) could raise interest rates as […]
USD/CHF holds losses after registering modest gains in the previous day, trading around 0.8090 during the Asian hours on Monday. The currency pair edges lower as the US Dollar (USD) weakens following comments from Goldman Sachs chief economist Jan Hatzius. Hatzius reiterated his expectation that the Federal Reserve (Fed) will hold interest rates steady in September. He argued that […]
The Indonesian rupiah hovered around IDR 17,750 per U.S. dollar on Monday, stabilising after recent weakness as the dollar index held near a two-week high following hawkish remarks from Fed Chair Kevin Warsh. His comments lifted expectations for a September rate hike, with odds priced near 57%. Domestically, House Commission XI approved Destry Damayanti as […]
The South Korean won traded around 1,374 per dollar, reaching its strongest level since July 2025, amid continued dollar selling by major exporters. Month-end flows and strong semiconductor-led export growth highlighted a favorable trade backdrop, with August shipments forecast to rise more than 60% year-on-year and the trade surplus expected to exceed $30 billion. The […]
The Indian rupee weakened to around 95.5 per dollar, after trading largely flat in the previous week, as renewed expectations of a Federal Reserve rate hike strengthened the dollar and pushed US Treasury yields higher. Markets raised the probability of a September rate increase to nearly 60% following hawkish remarks from Fed Chair Kevin Warsh, […]
The AUD/NZD cross turns positive for the fourth straight day following an intraday fall to the 1.2065 area and climbs to a fresh high since July 9 during the Asian session on Monday. Spot prices, however, struggle to build on the momentum and currently trade just above the 1.2100 mark as traders seem hesitant ahead […]
The GBP/USD pair edges higher at the start of a new week, reversing a part of Friday’s heavy losses to over a one-week trough. Spot prices, however, lack bullish conviction and trade below mid-1.3500s during the Asian session, warranting caution before confirming that the recent pullback from the highest level since February, touched earlier this […]
The USD/CAD pair edges lower to around 1.3890 during the Asian trading hours on Monday. Renewed tensions between the US and Iran boost crude oil prices, supporting the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD). Traders await employment reports from the US and Canada, due on Friday. US officials said on Sunday that […]
The Turkish lira weakened past 48 per US dollar in August, extending its gradual depreciation to a fresh record low and bringing year-to-date losses to about 17%. The currency has followed a gradual depreciation path as the Central Bank of Türkiye uses foreign-exchange interventions and other FX tools to contain excessive volatility and limit exchange-rate […]