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 […]
The USD/CHF pair ticks down to near 0.7920 during the late Asian trading session on Friday. The Swiss Franc pair struggles to gain ground after revisiting an over three-week low of 0.7910 posted on Thursday. The pair is under pressure as the US Dollar (USD) underperforms even as traders have trimmed bets supporting an interest rate […]
The South Korean won appreciated past 1,460 per dollar on Friday, rebounding from multi-month lows as policymakers moved to reassure markets and address volatility in the foreign exchange market. Investor sentiment was lifted after senior economic officials convened an emergency policy meeting, signaling a readiness to deploy a wide range of tools and to work […]
The offshore yuan weakened to around 7.09 per dollar on Friday, retreating from a two-week high reached in the previous session as disappointing economic data weighed on market sentiment. Fixed-asset investment fell 1.7% year-on-year in January–October 2025, a sharper decline than both market expectations and the previous month’s reading. In addition, industrial output eased to […]
The New Zealand dollar rose to $0.569 on Friday, heading for a weekly advance, supported by encouraging manufacturing data. The country’s manufacturing sector expanded for a fourth straight month in October, driven by rising new orders and improved demand. The kiwi also benefited from a weaker US dollar as investors worry that the upcoming release […]
07:30 AM BST, Switzerland – Inflation Data for October: Producer inflation data in Switzerland came in noticeably weaker than expected on MoM basis. Although the Swiss franc did not initially react much to the release, over the past hour there has been a significant pullback in the USDCHF pair. Source: xStation The material on this page does not constitute […]
October data from the Australian labour market turned out to be much stronger than expected, with the unemployment rate falling to 4.3% against a forecast of 4.4%. Even more impressive is the increase in jobs – 42,200 new positions, twice as many as the average forecast. The Reserve Bank of Australia would like to see […]
The South Korean won depreciated to around 1,469 per dollar, reaching a seven-month low and nearing levels not seen since March 2009. Governor Rhee Chang-yong indicated on Wednesday that policymakers stand ready to act should market volatility intensify. However, he played down recent losses, suggesting the market is overly reactive to global factors such as […]