The GBP/USD pair attracts some dip-buyers near the 1.3200 mark during the Asian session on Tuesday, stalling the previous day’s rejection slide from the 100-period Simple Moving Average (SMA) on the 4-hour chart. Spot prices, however, remain confined in a familiar range held over the past three weeks or so, warranting some caution before positioning […]
Contributor: Currency Hedger | Market Analysis: Louis Roche, Today Markets The Indonesian rupiah remains vulnerable to external dollar strength and domestic inflation pressures, with USD/IDR trading around IDR 17,900 per US dollar in the supplied market snapshot. Ahead of key US inflation data, the direction of the dollar and changes in global risk sentiment are […]
Contributor: Currency Hedger | Market Analysis: Louis Roche, Today Markets The South Korean won has retreated towards 1,342 per US dollar after reaching its strongest level since October 2024, as renewed dollar strength and rising energy prices challenge the currency’s recovery. The move highlights South Korea’s exposure to imported energy costs at a time when […]
USD/CHF gains ground after two days of losses, trading around 0.8310 during Asian hours on Monday. The currency pair is finding upward support as the Swiss Franc (CHF) remains under pressure from short positions. This weakness stems from market expectations that other major central banks will continue monetary tightening, while the Swiss National Bank (SNB) […]
The Euro (EUR) is marginally higher at around 1.1208 against the US Dollar (USD) during the Asian trading session on Monday. The major currency pair gets slight relief from the announcement of an energy ceasefire between Russia and Ukraine, which has put some pressure on oil prices. Over the weekend, US President Donald Trump announced […]
Contributor: Currency Hedger | Market Analysis: Louis Roche, Today Markets The Indian rupee has strengthened to around 95.82 per US dollar, recovering from near-record lows after the Reserve Bank of India (RBI) introduced new measures designed to ease depreciation pressures. The central bank’s intervention targets a major source of dollar demand from state-owned oil companies, […]
Contributor: Currency Hedger | Market Analysis: Louis Roche, Today Markets The South Korean won is trading around 1,333 per US dollar, reaching its strongest level since October 2024 as record export performance, robust semiconductor shipments and a trade surplus strengthen the currency’s outlook. South Korea’s technology-driven export growth is providing a solid fundamental foundation for […]
Contributor: Currency Hedger | Market Analysis: Louis Roche, Today Markets Mexican Peso Outlook: Monetary Easing and the US Rate Differential in Focus The Mexican peso faces renewed downside pressure as expectations of further interest-rate cuts by the Bank of Mexico (Banxico) weigh on its yield advantage over the US dollar. Trading near 18.44 per US […]
Contributor: Currency Hedger | Market Analysis: Louis Roche, Today Markets The Japanese yen faces continued downside pressure as the wide interest-rate differential between the United States and Japan supports USD/JPY, while declining Japanese government bond yields limit the currency’s ability to recover. With the pair reported near 158.30, the dollar remains supported by elevated US […]
Contributor: Currency Hedger | Market Analysis: Louis Roche, Today Markets The Chinese yuan remains in focus as Beijing pushes back against claims that its currency is undervalued, arguing that China’s export strength reflects industrial competitiveness rather than exchange-rate manipulation. The policy message comes amid growing trade tensions with the European Union, renewed scrutiny of China’s […]