Today Markets Analysis The U.S. dollar remained around 100.3 on Thursday, holding close to a seven-week high after the Federal Reserve delivered its first interest-rate increase in three years and signalled that monetary policy may need to tighten further. The Federal Open Market Committee raised the federal funds target range by 25 basis points to […]
The Euro (EUR) trades with caution at around 1.1545 against the US Dollar (USD) during the early European trading session on Wednesday. The major currency pair is expected to remain under pressure as the Federal Reserve (Fed) is scheduled to announce the monetary policy decision at 18:00 GMT. The Fed is widely anticipated to break its […]
Today Markets Analysis: The US Dollar is losing ground against the Swiss Franc, with USD/CHF trading around 0.8180 on Wednesday, ending a five-session winning streak despite strong expectations for another Federal Reserve rate hike. The pair is being pulled in opposite directions. Hotter-than-expected US inflation has reinforced expectations for further Federal Reserve tightening, supporting the […]
Today Markets Analysis: The Indian Rupee remains under pressure against the US Dollar, with USD/INR trading around 95.93 and close to a seven-week high near 96.00 as investors await the Federal Reserve’s latest monetary policy decision. Higher US Treasury yields, expectations for further Federal Reserve tightening and rising Indian inflation are creating a challenging backdrop […]
The Indonesian rupiah slipped past IDR 17,700 per U.S. dollar on Wednesday, extending its losing streak to five sessions as the dollar index hit a one-month high ahead of the Fed’s policy decision. Markets widely expect the U.S. central bank to deliver its first rate hike in around three years, keeping the greenback supported and […]
Today Markets Analysis: The Australian dollar steadied around $0.71, holding close to a four-week low as a stronger US dollar and rising Treasury yields continued to weigh on the currency ahead of the Federal Reserve’s policy decision. Markets widely expect the Fed to deliver a 25-basis-point rate increase, its first hike in around three years. […]
Today Markets Analysis: The US dollar index climbed toward 99.7 on Wednesday, approaching its highest level in a month as markets positioned ahead of the Federal Reserve’s latest policy decision. Expectations for a 25-basis-point rate hike remain firmly embedded in prices, with markets assigning roughly a 92% probability to the move. The focus is now […]
Today Markets Analysis: The Japanese yen weakened past 155 per dollar on Wednesday, extending its decline for a third consecutive session as traders positioned for an expected Federal Reserve rate hike. A stronger US dollar has increased pressure on the yen, while higher oil prices are adding another headwind by raising energy import costs for […]
Today Markets Analysis: The New Zealand dollar has weakened to around $0.574, its lowest level in more than two months, as traders position ahead of the Federal Reserve’s interest-rate decision. A widely anticipated US rate hike is supporting the dollar, while attention is shifting toward the Fed’s updated dot plot and economic projections for clues […]
Today Markets Analysis: USD/CAD has extended its winning streak for a fifth consecutive session, trading around 1.3910 as the US Dollar continues to strengthen against the Canadian Dollar. The pair is now testing the important 1.3914 area, where the 50-day EMA could determine whether the current recovery develops into a more sustained bullish move. While […]