USD
EUR, USD
Euro stalls above 1.1600
The Euro (EUR) is trading flat above 1.1600 against the US Dollar (USD) on Friday, with upside attempts capped below the 1.1630 area. Investors are wary of selling the US Dollar ahead of the US Nonfarm Payrolls (NFP) release, which is expected to provide further insight into the outcome of September’s Federal Reserve’s (Fed) monetary policy […]
by Currency Hedger
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- 2 months ago
GBP, Technical Analysis, USD
GBP strengthens above 1.3500 as BoE stays hawkish, traders brace for US NFP data
The GBP/USD pair edges higher to around 1.3530 during the early European trading hours on Friday. Hawkish rhetoric from a Bank of England (BoE) policymaker provides some support to the British Pound (GBP) against the US Dollar (USD). Traders will keep an eye on the US August employment report later on Friday. Bank of England (BoE) Chief […]
by Currency Hedger
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- 2 months ago
INR, Technical Analysis, USD
Indian Rupee trades close to two-month low ahead of US NFP data
The Indian Rupee (INR) opens on a flat note against the US Dollar (USD) on Friday, but is close to its two-month high of 94.29 posted the previous day. The Indian currency strengthens due to strong inflows of foreign funds through the Reserve Bank of India’s Foreign Currency Non-Resident (FCNR) (B) scheme and diminished Federal Reserve (Fed) […]
by Currency Hedger
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- 2 months ago
JPY, Technical Analysis, USD
Japanese Yen retreats from August highs as USD bears turn cautious ahead of US NFP
The USD/JPY pair stages a modest intraday recovery from the vicinity of the August monthly low and climbs back to the 156.50 area during the Asian session on Friday. Spot prices, for now, seem to have snapped a two-day losing streak, though the upside potential seems limited. The US Dollar (USD) attracts some buyers amid […]
by Currency Hedger
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- 2 months ago
CHF, USD
Swiss Franc weakens ahead of Unemployment Rate data
USD/CHF gains ground after registering losses in the previous day, trading around 0.8080 during Asian hours on Friday. The pair appreciates as the US Dollar (USD) holds gains after recovering daily losses; however, the upside of the Greenback could be limited due to easing hawkish sentiment surrounding the Federal Reserve (Fed) policy outlook. Swiss Unemployment Rate would be […]
by Currency Hedger
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- 2 months ago
EUR, Technical Analysis, USD
EUR/USD Price – Strong recovery from 100-day MA ahead of US NFP data
The Euro (EUR) holds onto previous day’s gains at around 1.1630 against the US Dollar (USD) during the Asian trading session on Friday. The major currency pair gained significantly on Thursday as the US Dollar faced sharp selling pressure, following dovish remarks from Federal Reserve (Fed) Governor Christopher Waller. At press time, the US Dollar Index (DXY), which […]
by Currency Hedger
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- 2 months ago
NZD, Technical Analysis, USD
New Zealand Dollar gains momentum to near 0.5900, US NFP data looms
The NZD/USD pair gathers strength to near 0.5895 during the Asian trading hours on Friday. The US Dollar (USD) softens against the New Zealand Dollar (NZD) following Federal Reserve (Fed) Governor Christopher Waller’s remarks. Traders brace for the US August employment report later on Friday. Waller said on Thursday that he is leaning toward keeping interest rates steady at the […]
by Currency Hedger
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- 2 months ago
Technical Analysis, USD
United States Dollar Index weakens as Fed’s Waller signals rate pause
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground for the third consecutive day and trading around 99.00 during Asian hours on Friday. The Greenback is facing notable downward pressure following comments from Federal Reserve (Fed) Governor Christopher Waller, who indicated a preference for keeping […]
by Currency Hedger
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- 2 months ago
AUD, Technical Analysis, USD
Australian Dollar strengthens on RBA hike odds
AUD/USD extends its gains for the third successive day, trading around 0.7210 during the Asian hours on Friday. The currency pair is gaining upward momentum as the Australian Dollar (AUD) finds firm support in robust economic growth data, which has heightened expectations of an imminent interest rate hike. Australia’s economy proved surprisingly resilient in the second […]
by Currency Hedger
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- 2 months ago
CNH, USD
Chinese Yuan Hits 3-1/2-year High
The Chinese Yuan touched 6.71 against the USD, the highest since February 2023. Over the past 4 weeks, US Dollar Chinese Yuan lost 0.49%, and in the last 12 months, it decreased 5.75%.
by Currency Hedger
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- 2 months ago