USD
CAD, USD
Canadian Dollar hits fresh two-week lows amid higher yields, Fed hiking bets
The Canadian Dollar (CAD) depreciates against the US Dollar (USD) for the second consecutive day on Wednesday, weighed by growing risk aversion as global yields rise to multi-year highs and with expectations of an immediate Federal Reserve (Fed) rate hike providing additional support to the Greenback. The USD/CAD pair has reached fresh two-week highs above 1.3920 ahead of the […]
by Currency Hedger
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- 1 month ago
INR, Technical Analysis, USD
Indian Rupee holds onto two-month high against US Dollar
The Indian Rupee (INR) opens flat at around 94.95 against the US Dollar (USD) on Wednesday, but is close to its two-month low of 94.80 posted the previous day. The Indian currency is expected to face selling pressure against the US Dollar, as the latter has strengthened due to increasing expectations that the Federal Reserve (Fed) will […]
by Currency Hedger
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- 1 month ago
USD
United States Dollar Index hold gains above 99.50 as Treasury yields hit multi-year highs
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground for the second successive day and trading around 99.70 during the Asian hours on Wednesday. The Greenback has strengthened amid rising bond yields and surging oil prices, which have reignited concerns over persistent inflation […]
by Currency Hedger
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- 1 month ago
GBP, Technical Analysis, USD
British Pound declines to near 1.3500 as US-Iran tensions rise
The GBP/USD pair declines to near 1.3500 during the early European trading hours on Wednesday. Ongoing tensions in the Middle East provide some support to a safe-haven currency such as the US Dollar (USD) against the British Pound (GBP). All eyes will be on the US August jobs report later on Friday. CNBC reported that the US […]
by Currency Hedger
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- 1 month ago
JPY, USD
USD/JPY Price Sits near late July high; bulls retain control above 160.00
The USD/JPY pair touches a fresh high since July 31 on Wednesday, though it lacks follow-through buying and remains below 160.50 through the Asian session. The Japanese Yen (JPY) continues its relative underperformance on the back of fiscal concerns stemming from a surge in bond yields, which increases the cost of servicing Japan’s massive debt […]
by Currency Hedger
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- 1 month ago
NZD, USD
NZD/USD Price – New Zealand Dollar moves little following RBNZ Breman’s remarks
NZD/USD gains ground for the second consecutive day, trading around 0.5840 during the Asian hours on Wednesday. During the September Monetary Policy Review, RBNZ Governor Anna Breman stated that the official cash rate (OCR) track remains closely aligned with the May projections. Breman noted that moving the OCR toward a neutral stance remains accommodative, allowing the central […]
by Currency Hedger
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- 1 month ago
EUR, Technical Analysis, USD
EUR/USD Weakens below 1.1600, further consolidation cannot be ruled out
The EUR/USD pair loses traction to near 1.1575 during the early European session on Wednesday. The US Dollar (USD) strengthens against the Euro (EUR) amid hawkish Federal Reserve (Fed) stance and escalating Middle East geopolitical tensions. Traders will keep an eye on the Eurozone Retail Sales and US employment data, which are due on Friday. Iran’s Islamic Revolutionary Guard Corps (IRGC) claimed it […]
by Currency Hedger
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- 1 month ago
AUD, Technical Analysis, USD
AUD/USD Price Slides to over one-week low; 0.7125 confluence holds the key
The AUD/USD pair drops to a one-and-a-half-week low during the Asian session on Wednesday and currently trades around the 0.7135 region, down for the second straight day. The initial market reaction to Australia’s better-than-expected Q2 GDP print fades rather quickly amid some follow-through US Dollar (USD) buying, bolstered by rising US Federal Reserve (Fed) rate hike bets and escalating US-Iran tensions. […]
by Currency Hedger
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- 1 month ago
CHF, USD
Swiss Franc weakens as Fed rate hike fears lift US Dollar
USD/CHF gains for the second successive day, trading around 0.8130 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) advances amid rising bond yields and surging oil prices, which have reignited concerns over persistent inflation and the likelihood of potential interest rate hikes. Driven by a global bond selloff, the […]
by Currency Hedger
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- 1 month ago
Currency Talk, USD
Rupiah Extends Losses Amid Firmer Dollar
The Indonesian rupiah slipped toward IDR 17,780 per U.S. dollar on Wednesday, down for the second session as the dollar index strengthened to a near three-week high amid surging oil prices that stoked inflation concerns and reinforced views of a less accommodative Fed stance. Locally, caution emerged ahead of key domestic data due next week, […]
by Currency Hedger
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- 1 month ago