USD
AUD, Market Analysis, Technical Analysis, USD
Australian Dollar Hits Nine-Month Low as Fed Rate Hike Expectations Strengthen US Dollar
The Australian dollar fell below US$0.69 on Thursday, reaching its weakest level since late January as renewed US dollar strength and deteriorating domestic economic sentiment weighed on the currency. Expectations of a more aggressive Federal Reserve policy response following stronger-than-expected US inflation have increased pressure on the Aussie, while weakening Australian housing data and falling […]
by Currency Hedger
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- 1 day ago
IDR, Market Analysis, Technical Analysis, USD
Indonesian Rupiah Nears Record Low as Dollar Strength and Political Uncertainty Intensify Pressure
The Indonesian rupiah remained under significant pressure on Thursday, trading near IDR 18,250 per US dollar and approaching its record low of IDR 18,279. Losses extended into a second consecutive session as a stronger US dollar, domestic political uncertainty and concerns over potential foreign capital outflows continued to weigh on sentiment. The US dollar has […]
by Currency Hedger
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- 1 day ago
EUR, Market Analysis, Technical Analysis, USD
Euro Falls Below $1.115 as Fed Rate Hike Expectations and French Political Risks Weigh on Currency
The euro extended its decline below $1.115 on Wednesday, moving closer to its October multi-month lows as a stronger US dollar and growing expectations of further Federal Reserve tightening weighed on the single currency. Hotter-than-expected US inflation has reinforced expectations of another Federal Reserve interest-rate increase in December, with markets also considering the possibility of […]
by Currency Hedger
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- 2 days ago
INR, Market Analysis, Technical Analysis, USD
Indian Rupee rallies further on FIIs return to Indian stock market
The Indian Rupee (INR) continues to outperform the US Dollar (USD) on the back of significant inflow of foreign funds into the Indian stock market and a continued decline in oil prices. As of writing, the USD/INR pair posts a fresh five-month low near 93.70. FIIs buying remains significant in past trading days There has […]
by Currency Hedger
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- 2 days ago
CHF, Market Analysis, Technical Analysis, USD
Swiss Franc declines amid divergent Fed-SNB rate outlooks
USD/CHF extends its gains for the second consecutive day, trading around 0.8260 during early European hours on Wednesday. The currency pair continues to appreciate as the US Dollar (USD) remains firm following the latest US inflation report. The data has reinforced market expectations for a Federal Reserve (Fed) rate hike in December, with the CME […]
by Currency Hedger
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- 2 days ago
EUR, Market Analysis, USD
Euro remains on its back foot as German CPI confirms easing price pressures
The Euro (EUR) extends losses against the US Dollar (USD) for the second consecutive day, on Wednesday, failing to find support in the final German inflation release. The EUR/USD trades at 1.1155, after retreating from session highs just above 1.1250 on Tuesday, although it remains within the previous range, above year-to-date lows at the 1.1110 area. […]
by Currency Hedger
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- 2 days ago
IDR, Market Analysis, Technical Analysis, USD
Indonesian Rupiah Falls Beyond IDR 18,150 as Dollar Strength and Political Uncertainty Hit Sentiment
The Indonesian rupiah weakened beyond IDR 18,150 per US dollar on Wednesday, reversing recent gains as a stronger greenback, domestic political uncertainty and renewed concerns over foreign capital outflows weighed on the currency. The rupiah was among the weakest-performing currencies in the region, facing pressure from hotter-than-expected US inflation and growing expectations of further Federal […]
by Currency Hedger
- 0 Comments
- 2 days ago
Market Analysis, Technical Analysis, USD
United States Dollar Index steadies on Fed rate-hike odds
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining steady after registering over 0.5% gains in the previous day and trading around 102.20 during Asian hours on Wednesday. The Greenback may regain ground as the latest US inflation data cemented market expectations for a […]
by Currency Hedger
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- 2 days ago
Market Analysis, NZD, USD
New Zealand Dollar strengthens despite decreasing RBNZ rate hike odds
NZD/USD inches higher after posting over 0.5% losses in the previous day, trading around 0.5600 during Asian hours on Wednesday. However, the upside for the currency pair could remain capped as the New Zealand Dollar (NZD) faces potential headwinds. A potential decline in oil prices is helping to curb inflationary pressures, which in turn reduces […]
by Currency Hedger
- 0 Comments
- 2 days ago
GBP, Market Analysis, Technical Analysis, USD
GBP/USD Price Forecast: Traders seem hesitant below 1.3300s; 200-SMA on H4 holds the key
The GBP/USD pair struggles to build on modest Asian session uptick beyond mid-1.3300s, though it holds above a one-and-a-half-week trough, touched the previous day. The US Dollar (USD) preserves the previous day’s hot US consumer inflation figures-inspired gains amid odds for a jumbo 50-basis-point (bps) rate hike by the US Federal Reserve (Fed) in December. […]
by Currency Hedger
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- 2 days ago