Dollar Heads for 3rd Straight Weekly Rise
USD
Dollar Heads for 3rd Straight Weekly Rise
The dollar index strengthened above 102 on Friday and was on track for a third consecutive weekly gain, supported by robust US economic strength, elevated Treasury yields and heightened geopolitical uncertainty in the Middle East. Treasury yields surged to their highest levels since 2002 this week, widening the dollar’s interest-rate differential over other major currencies. […]
by Currency Hedger
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- 1 week ago
Energies, Technical Analysis
European Gas Prices SLIDE Below €73 as LNG Supplies Rise but Winter Risks Loom
European natural gas prices fell below €73/MWh on Friday, giving back part of their recent gains as softer Asian LNG demand and higher U.S. supplies provided some relief to the European market. U.S. LNG exports rose to 10.9 million tonnes in September, with Europe receiving 5.91 million tonnes, or 54% of total shipments, as buyers […]
by Currency Hedger
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- 1 week ago
JPY, Market Analysis, Technical Analysis, USD
Yen Steadies After Hot Tokyo Inflation Data
The Japanese yen strengthened slightly below ¥158 per U.S. dollar on Friday, trimming recent losses after data showed Tokyo’s core inflation accelerated to 2.7% in September. The reading exceeded the Bank of Japan’s 2% target for the first time in nine months, strengthening the case for continued monetary-policy normalization. However, the yen’s recovery remained limited […]
by Currency Hedger
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- 1 week ago
AUD, Market Analysis, Technical Analysis, USD
Aussie Dollar Under Pressure: AUD Heads for 4th Weekly Loss Despite RBA Rate Hike
The Australian dollar remained little changed below $0.70, trading near multi-month lows as a stronger U.S. dollar and surging Treasury yields continued to weigh on the currency. The Aussie is heading for a fourth consecutive weekly decline despite the Reserve Bank of Australia raising its cash rate to a 15-year high of 4.6% in September. […]
by Currency Hedger
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- 1 week ago
Metals, Technical Analysis
Palladium Slides to 1-Year Low
Palladium futures fell to around $1,170 per ounce, reaching a one-year low as a stronger U.S. dollar and elevated Treasury yields increased pressure on the precious metal. Investors are awaiting U.S. payrolls data for further clues on the Federal Reserve’s interest-rate path, while the dollar climbed to a 17-month high and 10-year Treasury yields reached […]
by Currency Hedger
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- 1 week ago
IDR, Market Analysis, Technical Analysis, USD
Indonesian Rupiah Under Pressure as Dollar Strength Drives Third Weekly Decline
The Indonesian rupiah remained under pressure around IDR 17,900 per U.S. dollar on Friday, struggling to recover after touching the IDR 18,000 level earlier in the week. Persistent dollar strength continued to weigh on the currency, while expectations for further Federal Reserve tightening, elevated inflation and geopolitical uncertainty kept demand for the greenback firm. Bank […]
by Currency Hedger
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- 1 week ago
Treasury Yields Steady After Pullback
The yield on the US 10-year Treasury note held around 5.26% on Friday after retreating from multi-decade highs, as concerns over France’s fiscal and political outlook boosted demand for safe-haven assets. However, Treasury yields remained near their highest levels since 2002 amid expectations of further Federal Reserve tightening, signs of resilience in the US economy […]
by Currency Hedger
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- 1 week ago
ING, Institutional
British Pound: Potential EU re-engagement supports Sterling – ING
Chris Turner at ING discusses the British Pound as EUR/GBP moves noticeably lower, suggesting emerging Euro weakness and a changing UK narrative. He highlights UK Prime Minister Andy Burnham’s speech on moving closer to Europe, including a possible push to rejoin the EU after the next election. Turner notes markets would likely view EU re-entry […]
by Currency Hedger
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- 1 week ago
Institutional, Rabobank
Bank of Japan cautious on further hikes – Rabobank
Rabobank Research Global Economics & Markets reports that the Bank of Japan (BOJ) is reluctant to continue rapid rate hikes, with September meeting notes revealing internal divisions and concerns over weak private consumption. BOJ balances growth and tightening risks “The BOJ doesn’t want to keep raising rates rapidly, the September meeting notes showing some hawks […]
by Currency Hedger
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- 1 week ago
Deutsche Bank, Institutional
Brent Oil: Conflict-driven surge shapes bond stress – Deutsche Bank
Deutsche Bank’s Jim Reid highlights that Brent Oil has surged sharply in Q3 as the US–Iran conflict re-escalated, driving a major global bond selloff and higher long-end yields. The report notes fresh gains in Brent and WTI, warns about benchmark roll effects on front contracts, and flags strength further out the futures curve, reinforcing inflation […]
by Currency Hedger
- 0 Comments
- 1 week ago