US 10-Year Yield Holds Decline
US 10-Year Yield Holds Decline
The yield on the US 10-year Treasury note held around 4.94% on Friday after losing almost 10 basis points in the previous session, retreating from 19-year highs as softer oil prices eased inflation concerns. Oil prices fell for a third consecutive session as Saudi Arabia took steps to resume flows through its East-West pipeline, while […]
by Currency Hedger
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- 2 months ago
NZD, USD
New Zealand Dollar Falls Back
The New Zealand dollar slipped to around $0.571 on Friday, moving back near a ten-week low after rising 0.3% in the previous session, as a firmer US dollar continued to weigh on the currency. The greenback clung to a seven-week high after the Federal Reserve hiked rates and signaled further tightening ahead. This outweighed support […]
by Currency Hedger
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- 2 months ago
CNH, Market Analysis, Technical Analysis, USD
Offshore Yuan Hits Four-Year High Near 6.69 as PBOC Signals Stronger CNY Ahead of Trump-Xi Meeting
The offshore yuan strengthened to around 6.69 per US dollar on Friday, extending gains from the previous session and reaching its strongest level since July 2022 as increasingly firm daily yuan fixings from the People’s Bank of China continued to support the currency. The PBOC set its daily midpoint at 6.7521 per dollar, stronger than […]
by Currency Hedger
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- 2 months ago
BoJ Hikes Rate to 31-Year High
The Bank of Japan lifted its key short-term rate by 25bps to 1.25% in a 7-2 vote at its September meeting, marking the highest level since April 1995 and in line with market expectations. The hike, the first in three months, reflected persistent inflationary pressures, including those stemming from higher oil prices, and marked another […]
by Currency Hedger
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- 2 months ago
INR, Technical Analysis, USD
Indian Rupee Rebounds to 95.7 as Lower Oil Prices, NSE IPO Inflows and RBI Intervention Support INR
The Indian rupee rebounded to around 95.7 per US dollar on Friday, recovering from seven-week lows as easing crude oil prices, expected foreign portfolio inflows linked to the $2.3 billion National Stock Exchange IPO, and likely intervention from the Reserve Bank of India helped support the currency. The rupee’s recovery comes despite continued pressure from […]
by Currency Hedger
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- 2 months ago
Market Analysis, Metals, Technical Analysis
Copper Futures Hold Above $6.55 as China Demand Surges, Mine Disruptions Tighten Supply and LME Inventories Rise
Copper futures held above $6.55 per pound on Friday, extending a three-session winning streak as stronger signals from China helped offset concerns about rising exchange inventories and ample near-term availability. The latest move higher has been driven by a combination of stronger Chinese physical demand, long-term consumption expectations from data centers and renewable-energy infrastructure, and […]
by Currency Hedger
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- 2 months ago
Commodities, Market Analysis, Technical Analysis
Coffee Futures Fall to 2.5-Month Low as Record Global Supply Outlook, Brazil Exports and Vietnam Crop Gains Pressure 2026 Coffee Prices
Coffee futures extended their weekly losses on Thursday as the market continued to price in the prospect of abundant global coffee supplies, with December arabica falling to a 2.5-month low. December ICE Arabica Coffee closed at -5.05 points, or -1.79%, while November ICE Robusta Coffee fell -39 points, or -1.14%. The bearish pressure has intensified […]
by Currency Hedger
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- 2 months ago
Commodities, Market Analysis, Technical Analysis
Cocoa Futures Crash Over 3% as Ivory Coast Output Surges and ICE Inventories Hit Two-Year High
Cocoa futures fell sharply on Thursday, with New York cocoa dropping more than 3% and London cocoa nearly 3% as traders focused on improving near-term supplies, rising Ivory Coast production and elevated ICE inventories. The sell-off comes despite significant longer-term concerns over West African crop quality, Ghanaian production and potential El Niño-related supply disruptions. December […]
by Currency Hedger
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- 2 months ago
Commodities, Market Analysis, Technical Analysis
Sugar Futures Crash Over 3% as Long Liquidation Hits Despite 2026/27 Global Sugar Deficit
Sugar futures tumbled to three-week lows on Thursday, with NY sugar falling more than 3% and London white sugar dropping nearly 3% as weak physical demand triggered long liquidation. The sell-off comes despite growing forecasts for a global sugar deficit in 2026/27 and mounting production risks across Brazil, India and Thailand. October NY World Sugar […]
by Currency Hedger
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- 2 months ago
Commodities, Market Analysis, Technical Analysis
Cotton Futures Fall Over 200 Points as Weak US Export Sales Clash With Strong Cotton Shipments
Cotton futures fell sharply across the board on Thursday, with front-month contracts losing more than 200 points as weak new-crop export sales, lower benchmark prices and a decline in crude oil added pressure to the market. Cotton futures posted losses across the board, with front-month contracts declining between 179 and 219 points. Crude oil fell […]
by Currency Hedger
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- 2 months ago