Today Markets Analysis | Currency Hedger Contributor The euro’s return to $1.00 against the US dollar is no longer a scenario that can be dismissed. France’s deteriorating public finances, political uncertainty, weak eurozone growth and persistent competitiveness problems create a credible case for further euro depreciation. EUR/USD recently fell to around $1.1160, its weakest level […]
The Euro (EUR) is up 0.5% at around 1.1220 against the US Dollar (USD) during the early European trading session on Thursday after extending is Wednesday’s recovery move. The major currency pair recovers further as the US Dollar underperforms due to a sharp decline in United States (US) Treasury Yields, following the release of the […]
The South Korean won is trading around 1,347 per US dollar, extending its losses as a global semiconductor sell-off intensifies risk aversion and pressures technology-heavy Asian markets. Concerns over elevated artificial intelligence valuations, high borrowing costs and the financing requirements of large-scale AI infrastructure investments are weighing on investor sentiment, with South Korean equities experiencing […]
The euro has rebounded towards $1.12 against the US dollar after recovering from an 18-month low, as cautious comments from Federal Reserve officials prompt traders to reassess expectations for further US monetary tightening. However, the recovery remains vulnerable to persistent euro-area inflation, uncertainty surrounding European Central Bank (ECB) policy and fiscal concerns in highly indebted […]
The offshore yuan is trading around 6.69 per US dollar, remaining near its strongest level since July 2022 despite renewed debate over China’s economic stimulus measures and the valuation of its currency. The International Monetary Fund (IMF) has argued that Beijing’s policy support remains insufficient and estimated that the yuan is undervalued in real terms, […]
The Indian rupee has strengthened to around 94.9 per US dollar, reaching a four-week high as falling US Treasury yields and reduced expectations of further Federal Reserve rate increases provide relief. Aggressive intervention by the Reserve Bank of India (RBI), including dollar sales and measures aimed at curbing speculative trading, has also supported the currency. […]
The Indonesian rupiah is showing signs of stabilisation after briefly weakening towards IDR 17,970 per US dollar before recovering to around IDR 17,930. Bank Indonesia has reaffirmed its commitment to supporting the currency through foreign exchange interventions, while Indonesia’s growth outlook has received a modest upgrade from the IMF. However, persistent inflation, a firm US […]
The Taiwanese dollar is facing renewed downside pressure, trading beyond NT$32.3 per US dollar and reaching its weakest level since early August. A sharp selloff in global semiconductor stocks, falling regional equity markets and sustained foreign investor outflows are weighing on sentiment towards Taiwan’s currency. Looking ahead, the direction of the Taiwanese dollar will depend […]
The US dollar is weakening after retreating from recent 18-month highs, with investors reassessing the Federal Reserve’s policy outlook following stronger-than-expected inflation data. The US Dollar Index has slipped towards 102, as markets weigh the possibility that persistent price pressures could delay monetary easing or keep interest rates elevated for longer. September headline inflation accelerated […]
Looking at Inflation: Will September’s Figures Bring the Fed Closer to Another Rate Hike? Today at 2:30 p.m., we’ll see the September CPI report from the U.S., one of the last key releases ahead of the Fed’s October 27–28 meeting. The consensus forecast calls for a marked acceleration in the core inflation measure to 0.6% […]