USD
EUR, Market Analysis, Technical Analysis, USD
EUR/USD Price Strengthens to near 1.1500, while bearish bias persists below 100-day SMA
The EUR/USD pair trades in positive territory around 1.1490 during the early European session on Friday, bolstered by a weaker US Dollar (USD). However, the potential upside of the major pair might be limited amid a hawkish interest rate hike by the Federal Reserve (Fed). Traders will take more cues from Fed Governor Michelle Bowman’s speech later on Friday. The […]
by Currency Hedger
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- 2 weeks ago
JPY, Market Analysis, Technical Analysis, USD
Japanese Yen Falls Toward 157 as BOJ Raises Rates to 1.25% but Traders Demand Clearer Tightening Signals
The Japanese yen weakened toward 157 per dollar on Friday, falling to a two-week low despite the Bank of Japan raising its policy rate by 25 basis points to 1.25%. The increase was widely expected and lifted the BOJ policy rate to its highest level since 1995, but investors are now looking beyond the rate […]
by Currency Hedger
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- 2 weeks ago
NZD, USD
New Zealand Dollar Falls Back
The New Zealand dollar slipped to around $0.571 on Friday, moving back near a ten-week low after rising 0.3% in the previous session, as a firmer US dollar continued to weigh on the currency. The greenback clung to a seven-week high after the Federal Reserve hiked rates and signaled further tightening ahead. This outweighed support […]
by Currency Hedger
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- 2 weeks ago
CNH, Market Analysis, Technical Analysis, USD
Offshore Yuan Hits Four-Year High Near 6.69 as PBOC Signals Stronger CNY Ahead of Trump-Xi Meeting
The offshore yuan strengthened to around 6.69 per US dollar on Friday, extending gains from the previous session and reaching its strongest level since July 2022 as increasingly firm daily yuan fixings from the People’s Bank of China continued to support the currency. The PBOC set its daily midpoint at 6.7521 per dollar, stronger than […]
by Currency Hedger
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- 2 weeks ago
INR, Technical Analysis, USD
Indian Rupee Rebounds to 95.7 as Lower Oil Prices, NSE IPO Inflows and RBI Intervention Support INR
The Indian rupee rebounded to around 95.7 per US dollar on Friday, recovering from seven-week lows as easing crude oil prices, expected foreign portfolio inflows linked to the $2.3 billion National Stock Exchange IPO, and likely intervention from the Reserve Bank of India helped support the currency. The rupee’s recovery comes despite continued pressure from […]
by Currency Hedger
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- 2 weeks ago
INR, Technical Analysis, USD
Indian Rupee draws support near seven-week low from RBI’s intervention
The Indian Rupee (INR) finds some buying interest against the US Dollar in the early session after a weak opening on Thursday. According to a Reuters report, the Indian central bank has likely intervened to limit the decline in the Indian Rupee. The report also showed that traders said the state-run banks were spotted offering […]
by Currency Hedger
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- 2 weeks ago
CHF, USD
Swiss Franc remains near 16-month lows against US Dollar
USD/CHF inches lower after reaching nearly 16-month highs the previous day, trading around 0.8250 during the Asian hours on Thursday. However, the pair may rebound its ground as the US Dollar (USD) may appreciate further due to the potential for further policy tightening by the Federal Reserve (Fed). The Greenback remains on a firm footing […]
by Currency Hedger
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- 2 weeks ago
EUR, Market Analysis, Technical Analysis, USD
EUR/USD Price Holds steady near 1.1450, bearish tone remains intact
The EUR/USD pair trades on a flat note around 1.1465 during the early European trading hours on Thursday. Traders continue to assess the latest interest rate hike decision by the US Federal Reserve (Fed). The US Initial Jobless Claims report is due later on Thursday. The Fed raised the interest rates by a quarter-percentage point at its September meeting on […]
by Currency Hedger
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- 2 weeks ago
KRW, Technical Analysis, USD
South Korean Won Crashes to Three-Week Low Near 1,380 as Fed Hike, Dollar Surge and Foreign Outflows Hit KRW
Today Markets Analysis The South Korean won weakened toward 1,380 per U.S. dollar, hitting a three-week low as a fresh Federal Reserve rate hike, hawkish U.S. monetary guidance and continued foreign selling of Korean assets combined to increase demand for the dollar. The move puts USD/KRW firmly back in focus as traders reassess the interest-rate […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
AUD, Market Analysis, Technical Analysis, USD
Australian Dollar Slides Below $0.71 as Hawkish Fed, Strong US Dollar and Rising RBA Rate Bets Clash
Today Markets Analysis The Australian dollar is holding below $0.71, close to a four-week low, as renewed US dollar strength following the Federal Reserve’s latest interest-rate increase continues to outweigh expectations for further monetary tightening from the Reserve Bank of Australia (RBA). The Fed raised its federal funds target by 25 basis points to 3.75%-4.00%, […]
by Currency Hedger
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- 2 weeks ago