The USD/INR pair extends its sideways consolidative price move through the Asian session on Monday and remains confined in a familiar range held over the past two weeks or so. Spot prices currently trade around the 88.75 region, down less than 0.10% for the day and well within striking distance of the all-time high, touched […]
USD/CHF continues to gain ground for the second successive session, trading around 0.7950 during the Asian hours on Monday. The pair appreciates as the US Dollar (USD) gains amid diminishing likelihood of a Federal Reserve (Fed) interest rate cut in December. Traders are preparing for a wave of delayed United States (US) economic data after the government’s […]
EUR/USD extends its losses for the second successive session, trading around 1.1610 during the Asian hours on Monday. The pair appreciates as the US Dollar (USD) receives support from cautious remarks given by US Federal Reserve (Fed) officials, diminishing the likelihood of an interest rate cut in December. Kansas City Fed President Jeffery Schmid said on Friday that […]
The GBP/USD pair declines to near 1.3155 during the early Asian session on Monday. The Pound Sterling (GBP) softens against the US Dollar (USD) amid concerns about the UK’s fiscal debt and weak economic data from the UK. Bank of England (BoE) External Member Catherine Mann is set to speak later on Monday. The pound loses […]
USD/CAD edges higher after registering modest losses in the previous session, trading around 1.4030 during the Asian hours on Monday. The pair advances as the commodity-linked Canadian Dollar (CAD) struggles amid lower crude Oil prices. West Texas Intermediate (WTI) Oil price retreats after posting more than 2% gains in the previous session, trading around $59.30 […]
The Australian dollar weakened to around $0.652 on Monday, reversing gains from the previous week as a stronger greenback weighed on the currency. The US dollar appreciated after Fed officials expressed doubts about the need for a December rate cut, with some dismissing the possibility outright. Markets now assign roughly a 46% chance of a […]
The Japanese yen slipped to around 154.6 per dollar on Monday, staying close to its lowest level since February despite stronger-than-expected growth data. Japan’s economy contracted 0.4% quarter on quarter in the three months to September, reversing a 0.6% expansion in Q2 but beating market forecasts for a 0.6% decline. The currency remains under pressure […]
The New Zealand dollar fell to around $0.565, giving back some of last week’s gains, as expectations of an imminent rate cut from the Reserve Bank overshadowed the US decision to roll back tariffs on Kiwi exports. Food prices declined for the second straight month, while the services sector remained in contraction, reinforcing expectations for […]
EUR/USD is trimming gains on Friday, following a seven-day rally and trades at 1.1615 at the time of writing, still on track for a 0.45% weekly appreciation. The fairly positive Eurozone Gross Domestic Product and the upbeat Trade Balance reports have failed to support the Euro, which has lost steam, weighed down by a negative market sentiment. Eurozone GDP has […]
The Swiss franc continued to appreciate toward 0.79 per USD, holding close to its highest since July 2011, boosted by safe-haven demand amid lingering global economic uncertainty despite the end of the US government shutdown. The currency also remained supported by expectations of accelerating domestic inflation. SNB officials have expressed confidence that inflation will increase […]