Canadian Dollar Weakens as US-Canada Rate Differential Widens
CAD, Market Analysis, Technical Analysis, USD
Canadian Dollar Weakens as US-Canada Rate Differential Widens
USD/CAD is extending its advance for a sixth consecutive session, trading around 1.4150, as the Canadian Dollar remains under pressure from expectations that the interest-rate gap between the United States and Canada will widen further. The Bank of Canada kept its policy rate unchanged at 2.25% at its September meeting, while expectations for another Federal […]
by Currency Hedger
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- 1 month ago
Energies, Market Analysis, Technical Analysis
WTI sticks to modest gains above $92.00 amid Middle East jitters
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on a modest gap-up open on Monday as traders opt to wait for further developments surrounding the Middle East crisis before placing fresh bets. Nevertheless, the commodity retains its positive bias through the Asian session and currently trades just above […]
by Currency Hedger
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- 1 month ago
Market Analysis, NZD, Technical Analysis, USD
New Zealand Dollar Holds Near Three-Month Low as Dollar Strength Dominates
The New Zealand Dollar is trading around $0.566, close to its lowest level since late June, as a firm US Dollar continues to outweigh growing expectations for further Reserve Bank of New Zealand tightening. The immediate pressure on NZD/USD is coming from the US side of the interest-rate equation. Robust US economic data and increasingly […]
by Currency Hedger
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- 1 month ago
Bank of Japan Eyes Preemptive Rate Moves: July Minutes
It was appropriate for the Bank of Japan to continue raising policy interest rates and gradually adjust monetary accommodation, July minutes showed, as underlying CPI inflation neared 2% and financial conditions stayed accommodative. Members stressed preemptive action against upside risks to avoid rapid hikes later, noting the rate remains below the neutral range. One member […]
by Currency Hedger
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- 1 month ago
US 10-Year Yield Holds at 19-Year High
The yield on the 10-year US Treasury note rose to around 5.2% on Monday, staying at its highest level since July 2007 as expectations strengthened that the Federal Reserve will tighten monetary policy further to contain inflation. Data released Friday showed new orders for key US manufactured capital goods rose more than anticipated in August, […]
by Currency Hedger
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- 1 month ago
China’s Commerce Ministry says trade ceasefire with US to be extended to January 2027
China’s Commerce Ministry said on Monday that the United States (US) and Chinese officials confirmed that the bilateral trade truce has been extended by two months, moving the expiration date from November 10 January 10, 2027. Key quotes Importing US coal complements domestic market, offers stable economic returns and jobs for US industry. We look […]
by Currency Hedger
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- 1 month ago
GBP, Market Analysis, Technical Analysis, USD
British Pound Holds Higher as Dollar Weakness Meets a More Hawkish BoE
GBP/USD is advancing for a second consecutive session, trading around 1.3230, as weakness in the US Dollar provides support for the British Pound despite increasingly hawkish expectations for Federal Reserve policy. The currency market is balancing opposing monetary-policy signals. Markets are now pricing a 65.9% probability of a Federal Reserve rate hike in October, up […]
by Currency Hedger
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- 1 month ago
PBOC sets USD/CNY reference rate at 6.7399 vs. 6.7489 previous
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.7399 compared to last Thursday’s fix of 6.7489 and 6.7085 Reuters estimate.
by Currency Hedger
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- 1 month ago
Energies, Market Analysis, Technical Analysis
European Natural Gas Rises as Hormuz Risk Threatens Winter Supply
European natural gas prices are advancing toward €73/MWh, recovering after last week’s decline as renewed uncertainty surrounding the Strait of Hormuz raises concerns over energy supply security. President Donald Trump has rejected Iran’s seven-day proposal to reopen the waterway, arguing that its terms are unacceptable, while also indicating that talks with Tehran could resume this […]
by Currency Hedger
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- 1 month ago
Energies, Market Analysis, Technical Analysis
Heating Oil Rebounds as Winter Demand and Tight Inventories Raise Supply Risks
US heating oil futures have climbed back above $4.70 per gallon, ending a three-session decline as renewed uncertainty surrounding Middle East supply routes outweighs uncertainty over potential US diesel export restrictions. The market is balancing several competing forces. The lack of progress toward reopening the Strait of Hormuz is keeping energy-supply risks elevated, while the […]
by Currency Hedger
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- 1 month ago