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Today Markets Analysis: USD/CHF extended its rebound on Friday, climbing more than 0.40% as stronger-than-expected US inflation data, following Thursdayโs firmer producer-price figures, prompted markets to reassess expectations for the Federal Reserveโs next policy decision. The pair broke above the September high at 0.8156, strengthening the near-term bullish technical outlook. USD/CHF Gains as US Inflation […]
Today Markets Analysis: USD/CNH has rebounded sharply after briefly testing below 6.7050, with the recovery signalling that bearish momentum is beginning to fade. United Overseas Bank now sees a modest upside bias over the next one to three weeks, although gains are expected to remain contained within a defined technical range. USD/CNH Rebounds Sharply USD/CNH […]
Today Markets Analysis: USD/SGD has staged a sharp rebound, with short-term momentum turning higher after the pair broke above previous resistance. However, the Singapore dollar remains supported by a relatively firm Nominal Effective Exchange Rate (NEER), while the 1.2705 area represents a significant technical barrier for further US dollar gains. USD/SGD Momentum Turns Higher USD/SGD […]
Today Markets Analysis: AUD/USD finished Friday higher but remained under pressure on a weekly basis as expectations of tighter Federal Reserve policy supported the US dollar. The pair closed around 0.7171, up 0.38% on the session but down approximately 0.45% for the week. Despite the broader weekly decline, technical momentum remains constructive and leaves scope […]
Today Markets Analysis: The Brazilian real strengthened to around 5.08 per US dollar in September, reaching a more than one-month high as softer-than-expected inflation reinforced confidence in Brazilโs macroeconomic outlook. The move comes as markets assess the outlook for the Banco Central do Brasil (BCB) and the countryโs still-attractive interest-rate differential. Inflation Eases Further Brazilโs […]
Today Markets Analysis: The Mexican peso remains firmly supported near a more than two-year high against the US dollar, with improving domestic economic data providing fresh fundamental support for the currency. USD/MXN was trading near 16.98, close to the 16.91 level reached on September 4, its strongest point in more than two years. Mexican Economic […]
The Euro (EUR) trades subduedly at around 1.1608 against the US Dollar (USD) during the European trading session on Friday. The major currency pair has remained in a tight range between 1.1566 and 1.1641 for over 10 days, but is likely to find direction after the release of the United States (US) Consumer Price Index […]
The AUD/USD pair edges lower to around 0.7155 during the early Asian session on Friday. The US Dollar strengthens against the Australian Dollar (AUD) following signs of hotter inflation in the United States (US). The release of the US August Consumer Price Index (CPI) inflation data will be in the spotlight later on Friday. The […]
The US Dollar (USD) clings to its Thursday gains in early session on Friday, driven by faster-than-expected growth in the United States (US) Producer Price Index (PPI) data for August. At press time, the US Dollar Index (DXY), which gauges the Greenbackโs value against six major currencies, trades marginally higher at around 99.12. On Thursday, […]
USD/CHF gains ground for the third consecutive day, trading around 0.8140 during the Asian hours on Friday. The pair appreciates as the US Dollar (USD) gains ground as expectations grow for a Federal Reserve (Fed) rate hike in September. According to the CME FedWatch Tool, markets are currently pricing in a greater than 72% probability […]
