The New Zealand dollar slipped to $0.579 but stayed close to a two-month high, amid expectations that the Reserve Bank of New Zealand’s easing cycle may be over. While the central bank cut its cash rate by 25bps last month, its updated projections suggested limited scope for further easing, implying only about a 20% probability […]
The Australian dollar weakened around $0.664 on Thursday, easing from a three-month high, as investors weighed the latest labor market figures for clues on the Reserve Bank’s policy direction. The economy unexpectedly lost 21,300 jobs in November, the most in nine months, driven entirely by full-time positions, while fewer people entered the workforce, keeping the […]
The Japanese yen strengthened toward 155.5 per dollar on Thursday, extending gains from the previous session as the dollar weakened sharply after the US Federal Reserve delivered its third rate cut of the year and signaled a less hawkish outlook than markets anticipated. Investors are also eyeing next week’s Bank of Japan policy meeting, where […]
The South Korean won appreciated to around 1,466 per dollar on Thursday, gaining traction after stabilizing for two consecutive sessions as government efforts to ease concerns over capital outflows continued to support the currency. After the Ministry of Trade, Industry, and Resources unveiled a modular trade agreement framework, focus returned to the FX market, with […]
The EUR/USD pair trades flat around 1.1625 during the early European session on Wednesday. Markets turn cautious ahead of the US Federal Reserve (Fed) interest rate decision later on Wednesday, in which a 25 basis points (bps) rate cut is almost fully priced in. The Fed is expected to deliver a further interest rate cut at its December […]
The GBP/USD pair trades on a firmer note around 1.3305 during the early European session on Wednesday. The Greenback edges lower against the Pound Sterling (GBP) as the US Federal Reserve (Fed) is widely expected to announce another interest rate cut on Wednesday. The UK monthly Gross Domestic Product (GDP) report will be published later on Friday. Markets have priced […]
The USD/CHF pair trades flat around 0.8060 during the late Asian trading session on Wednesday. The Swiss Franc pair consolidates as investors await the monetary policy announcement by the Federal Reserve (Fed), which is scheduled at 19:00 GMT. During the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades flat […]
The Australian dollar traded around $0.664, hovering close to its highest level in nearly three months, supported by the Reserve Bank’s hawkish monetary policy outlook. The central bank held cash rates steady as widely expected at its December meeting, while Governor Michele Bullock took markets by surprise with a sharply hawkish shift on rates by […]
The offshore yuan held its gain around 7.06 per dollar on Wednesday, as elevated consumer inflation tempered expectations of further monetary policy support. China’s consumer prices increased 0.7% year-on-year in November 2025, marking the highest reading since February 2024. Earlier this week, the Politburo pledged to expand domestic demand and support the broader economy in […]
The USD/CAD pair struggles to capitalize on the previous day’s goodish recovery from the 1.3800 mark, or its lowest level since September 22, and edges lower during the Asian session on Tuesday. Spot prices currently trade around the 1.3845-1.3850 region, though traders seem reluctant to place aggressive directional bets amid mixed fundamental cues. The upbeat Canadian employment […]