Currency Talk
NZD, USD
New Zealand Dollar Lingers Near 1-Week Lows
The New Zealand dollar steadied around $0.591 on Monday after falling 0.6% to an over one-week low on Friday as the US dollar strengthened following hawkish comments from Federal Reserve Chair Kevin Warsh. In his first major speech since taking over as Fed chair in May, Warsh indicated that further interest rate increases may be […]
by Currency Hedger
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- 2 months ago
Currency Talk, USD
Dollar Holds Gains on Hawkish Warsh Remarks
The dollar index traded around 99.6 on Monday after rising sharply in the previous session, as hawkish remarks from Federal Reserve Chair Kevin Warsh led traders to increase bets on an imminent interest rate hike. In his Jackson Hole address on Friday, Warsh warned that inflation is not slowing meaningfully and reaffirmed that policymakers remain […]
by Currency Hedger
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- 2 months ago
JPY, USD
Yen Languishes Near 1-Month Low
The Japanese yen appreciated past 160 per dollar on Monday but remained near one-month lows as the dollar strengthened following hawkish remarks from Federal Reserve Chair Kevin Warsh that boosted expectations for a US rate hike in September. Markets are now pricing in around a 57% chance that the Fed will raise rates by 25 […]
by Currency Hedger
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- 2 months ago
AUD, USD
Australian Dollar Set for 2nd Monthly Gain
The Australian dollar held below $0.72 but remained near its highest level since early June and on track for its second consecutive monthly gain amid growing odds of an imminent interest rate hike. Markets now priced in a 52% probability that the fourth rate hike this year could come as soon as next month, up […]
by Currency Hedger
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- 2 months ago
Currency Talk, Institutional
Three markets to watch next week
Last week was dominated by uncertainty surrounding the situation in the Middle East, tensions involving Russia and, of course, Nvidia’s outstanding earnings and expectations ahead of Kevin Warsh’s speech at Jackson Hole. That is now in the past, however, and the coming days are likely to bring another dose of volatility given several key macroeconomic […]
by Currency Hedger
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- 2 months ago
EUR, Technical Analysis, USD
EUR/USD Loses 0.3%
Dollar and Treasury yields rise on the hawkish tone of Fed Chair Kevin Warsh’s Jackson Hole remarks EURUSD is falling following the release of Fed Chair Kevin Warsh’s speech and during his remarks, as markets interpreted his message as clearly hawkish. The key point was not that Warsh explicitly signaled a rate hike, but rather […]
by Currency Hedger
- 0 Comments
- 2 months ago
CAD, USD
Loonie Slips Despite Strong Canadian GDP
The Canadian dollar weakened to 1.39 per USD from a three-month high of 1.376 reached on August 21st, as a more restrictive policy signal from Fed Chair Warsh supported the US dollar. Warsh said the Fed is tracking the PCE index as an inflation gauge, using firmer rhetoric than earlier suggestions that a newly created […]
by Currency Hedger
- 0 Comments
- 2 months ago
Currency Talk, USD
Brazilian Real Weakens as Fed Hike Bets Rise
The Brazilian real weakened to around 5.205 per USD, nearing the one-month low of 5.21 touched on August 14, as a more restrictive policy signal from Fed Chair Warsh supported the US dollar. Warsh said the Fed is tracking the PCE index as its inflation gauge, using firmer rhetoric than earlier suggestions that a newly […]
by Currency Hedger
- 0 Comments
- 2 months ago
Currency Talk, MXN, USD
Mexican Peso Weakens as Fed Hike Bets Rise
The Mexican peso weakened to around 17.04 per US dollar from the more than two-year low of 16.91 touched on August 21, as a more restrictive policy signal from Fed Chair Warsh supported the US dollar. Warsh said the Fed is tracking the PCE index as its inflation gauge, using firmer rhetoric than earlier suggestions […]
by Currency Hedger
- 0 Comments
- 2 months ago
AUD, USD
Australian Dollar tests three-month highs above 0.7200 with all eyes on Fed’s Warsh
The Australian Dollar (AUD) ticks higher for the fourth consecutive day against the US Dollar (USD) as investors brace for the Federal Reserve (Fed) Chairman Kevin Warsh’s speech at the Jackson Hole Symposium, due later on Friday. The AUD/USD pair hit session highs at 0.7205 earlier on the day, its highest level since mid-May, although it is trading at […]
by Currency Hedger
- 0 Comments
- 2 months ago