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Swiss Franc declines as US Dollar strengthens on rising Fed hike bets
CHF, USD
Swiss Franc declines as US Dollar strengthens on rising Fed hike bets
USD/CHF gains ground for the third consecutive day, trading around 0.8140 during the Asian hours on Friday. The pair appreciates as the US Dollar (USD) gains ground as expectations grow for a Federal Reserve (Fed) rate hike in September. According to the CME FedWatch Tool, markets are currently pricing in a greater than 72% probability […]
by Currency Hedger
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- 1 week ago
EUR, JPY, Technical Analysis
EUR/JPY Price Softens to near 179.00, bearish bias remains intact below 100-day SMA
The EUR/JPY cross trades in negative territory around 179.10 during the early European session on Friday. The expectation of a Bank of Japan (BoJ) rate hike next week provides some support to the Japanese Yen (JPY) against the Euro (EUR). Analysts polled by Reuters anticipate the BoJ to raise the interest rate to 1.25% at the September 17-18 […]
by Currency Hedger
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- 1 week ago
Institutional
Iran and Gulf states will meet to secure deal for Strait of Hormuz shipping — FT
Iran and Gulf states are set to hold a meeting aimed at securing buy-in for a temporary deal to manage shipping through the Strait of Hormuz, the Financial Times reported on Friday. The gathering is scheduled to be held on Monday in Salalah, the report said, citing two people briefed on the matter. Regional states seek a […]
by Currency Hedger
- 0 Comments
- 1 week ago
Institutional, JPY, Technical Analysis
Currency Hedger – Pick of The Week – USD/JPY
If you want to trade a volatile asset class right now, foreign exchange, specifically yen crosses and USD/JPY, is the place to find it. The yen has seen a huge uplift in its volatility in recent days, and is higher by more than 1.5% so far this week. A story of intervention The yen is […]
by Currency Hedger
- 0 Comments
- 1 week ago
Institutional, Metals
Copper Holds Decline as Tariff Fears Ease
Copper futures traded around $6.45 per pound on Friday after plunging nearly 5% in the previous session, pressured by reports that the US is reconsidering plans to impose import tariffs on refined metals. US officials were reportedly concerned that the proposed levies could push domestic copper prices even higher and increase manufacturing costs. The metal […]
by Currency Hedger
- 0 Comments
- 1 week ago
Energies, Institutional
US Heating Oil Surpasses $5
US heating oil prices climbed to around $5.12 per gallon, their highest level on record, amid persistent tight distillate supplies. EIA data showed that US distillate stockpiles, which include diesel and heating oil, rose by 2.1 million barrels in the week ended September 4, but remained 13% below the five-year average, indicating that inventories remain […]
by Currency Hedger
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- 1 week ago
Commodities
Soybeans Trade Above $13
Soybean futures traded above $13 per bushel, near their highest level since December 2023, supported by a fresh wave of Chinese buying of US supplies ahead of Friday’s widely anticipated USDA supply-and-demand report. China has bought around 1 million metric tons of US soybeans this week, including 340,000 tons of purchases confirmed by the USDA, […]
by Currency Hedger
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- 1 week ago
Energies
European Gas Climbs as Gulf LNG Disruptions Persist
European natural gas prices rose above €82/MWh on Friday, their highest level since December 2022, amid persistent disruptions to LNG supplies from the Persian Gulf. Fighting between the US and Iran has intensified over the past two weeks, centering on who controls the Strait of Hormuz. The ongoing blockade has already disrupted around 20% of […]
by Currency Hedger
- 0 Comments
- 1 week ago
Commodities, Institutional
Corn Hovers Near 3-Year High
Corn futures hovered above $5.1 per bushel, near their highest since mid-2023, supported by tightening global supply as disruptions to Ukrainian exports reshape trade flows. Argentina is on track for record corn exports as buyers turn to its supplies following disruptions to Ukrainian shipments caused by Russian attacks on Black Sea ports. Argentina is expected […]
by Currency Hedger
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- 1 week ago
INR
Rupee Extends Slide to Two-Week Low
The Indian rupee fell to around 95.7 per dollar, extending losses for a fourth consecutive session to two-week lows as surging crude oil prices and higher US Treasury yields weighed on the currency. Brent crude climbed nearly 12% this week, approaching $110 a barrel as intensifying Middle East tensions disrupted shipping through the Strait of […]
by Currency Hedger
- 0 Comments
- 1 week ago