The South Korean won depreciated to around 1,440 per dollar, extending declines for a fourth day to its weakest level in almost seven months despite higher than expected domestic inflation. Consumer prices in South Korea climbed 2.4% in October, the fastest pace in over a year and exceeding market forecasts, supporting expectations that the Bank […]
USD
USD
USD
04
Nov
Nov
Yen Rises on Finance Minister Remarks
The Japanese yen strengthened past 154 per dollar on Tuesday, rebounding slightly from nine-month lows after Finance Minister Satsuki Katayama reiterated that authorities are monitoring rising volatility in foreign exchange markets with a strong sense of urgency, warning against sharp, one-sided currency moves. In March, Katayama had suggested the yen’s fair value was around 120–130 […]
04
Nov
Nov
Australian Dollar pares losses following cautious RBA’s Bullock
Australian Dollar (AUD) recovers its daily losses against the US Dollar (USD) on Tuesday, following the cautious remarks from the Reserve Bank of Australia (RBA) Governor Michele Bullock. Bullock spoke at the post-meeting press conference, highlighting the need for less policy easing in this meeting. The Reserve Bank of Australia (RBA) decided to maintain the […]
03
Nov
Nov
Offshore Yuan Stabilizes
The offshore yuan hovered around 7.12 per dollar on Monday, following a two-session decline, as investors weighed disappointing factory activity data against US-China trade developments. A private survey showed that China’s manufacturing PMI slowed more than expected in October, after official data last week indicated that manufacturing activity had contracted for the longest stretch in […]
03
Nov
Nov
USD/CHF trades firmly near 0.8050 ahead of Swiss inflation data
The USD/CHF pair demonstrates strength near an over two-week high around 0.8050 during Monday’s Asian session. The Swiss Franc pair trades firmly as the US Dollar (USD) holds onto gains due to receding speculation for further monetary policy easing by the Federal Reserve (Fed) this year. At the press time, the US Dollar Index (DXY), which tracks the […]
03
Nov
Nov
USD/CAD treads water above 1.4000 due to cautious Fed policy outlook
USD/CAD remains steady after two days of gains, trading around 1.4010 during the Asian hours on Monday. The pair struggles as the Canadian Dollar (CAD) gains ground on higher Oil prices. It is important to note that Canada is the largest crude exporter to the United States (US). West Texas Intermediate (WTI) Oil price holds gain […]
03
Nov
Nov
Australian Dollar receives support as traders expect RBA to maintain policy rates
Australian Dollar (AUD) advances against the US Dollar (USD), halting its three-day losing streak on Monday. The AUD/USD pair may continue to lose ground as the US Dollar (USD) gains amid dampening expectations of a US Federal Reserve (Fed) interest rate cut in December. The AUD failed to draw any impact from the release of economic data […]
03
Nov
Nov
USD/JPY sits near multi-month peak
The Japanese Yen (JPY) is seen consolidating last week’s heavy losses against a bullish US Dollar (USD) and remains close to its lowest level since February 14, touched last Thursday. Traders remain uncertain about the timing of the next rate hike by the Bank of Japan (BoJ) amid speculations that Japan’s new Prime Minister Sanae […]
03
Nov
Nov
USD/INR trades firmly as US Dollar strengthens on easing Fed dovish bets
The Indian Rupee (INR) opens on a flat note against the US Dollar (USD) near its over two-week high around 88.95 at the start of the new month on Monday. The USD/INR pair aims to extend its six-day winning streak as the Indian Rupee (INR) continues to underperform due to Foreign Institutional Investors (FIIs) selling in the […]
31
Oct
Oct
EURUSD Heads Towards 1.15 Amid Diminishing Chances of a December Fed Cut
The dollar is preparing for a positive close not only this week but also this month. The EURUSD pair is breaking local lows from mid-month today and is heading towards the 1.1500 level amid diminishing chances for interest rate cuts in the United States. The dollar is strengthening against every G10 currency today. The probability of a […]
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