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Dollar Holds Steady as Fed Outlook Mulled
USD
Dollar Holds Steady as Fed Outlook Mulled
The dollar index held above 99 on Monday after rebounding slightly in the previous session, supported by stronger-than-expected US jobs data that reinforced expectations of a Federal Reserve interest rate hike in September. Data released Friday showed US nonfarm payrolls rose by 162,000 in August, following a revised increase of 23,000 in July and comfortably […]
by Currency Hedger
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- 2 weeks ago
NZD
New Zealand Dollar Edges Lower
The New Zealand dollar edged down to $0.586 on Monday after falling 0.6% last week, as the Reserve Bank of New Zealand’s cautious approach to further monetary tightening weighed on the currency. The RBNZ raised its official cash rate for a second consecutive meeting last week, but signalled that future increases would be gradual amid […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
AUD
Australian Dollar Holds at 4-Month Top
The Australian dollar held above $0.72, near a four-month high as growing expectations of another interest rate hike by the Reserve Bank continued to support the currency, while the US dollar remained broadly weaker. The greenback struggled to sustain the brief lift it received from a ramp-up in US rate hike bets following Friday’s blowout […]
by Currency Hedger
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- 2 weeks ago
JPY
Yen Holds Rally on Hawkish BOJ Bets
The Japanese yen traded around 156 per dollar on Monday after gaining more than 2% last week, supported by growing expectations that the Bank of Japan will raise interest rates this month. Takuji Aida, an economic adviser to Prime Minister Sanae Takaichi, said the central bank is likely to hike rates in September and deliver […]
by Currency Hedger
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- 2 weeks ago
Institutional
Three Markets to Watch Next Week
The past week brought a major surprise to the markets in the form of the US labour market report (NFP). An increase in employment of 162,000 jobs (against a forecast of just 55,000) drastically altered expectations regarding the outlook for interest rates in the US. This turn of events strengthened the dollar and put immediate […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional
Daily Summary: “Heat” of the NFP Print Cools Market Sentiment
• NFP report as the main driver of market volatility. The U.S. economy created 162,000 nonfarm payroll jobs in August, tripling the market consensus of approximately 55,000. The unemployment rate held steady at 4.1%, while average hourly earnings rose 0.3% month over month. The surprisingly strong data pushed the probability of a Fed rate hike […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
CommerzBank, Institutional
Malaysian Ringgit: BNM hawkish tilt supports MYR – Commerzbank
Commerzbank highlights that Bank Negara Malaysia kept the OPR at 2.75% but shifted to a more hawkish bias, removing language that policy is “appropriate” and signalling vigilance on cost pressures. Strong growth and benign inflation allow patience, yet the bank appears to prepare markets for a possible hike later this year or early 2027, with […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
CHF, USD
USD/CHF Price Forecast: NFP rally stalls at 0.8100, retraces
The USD/CHF registers modest gains of over 0.30% as the Greenback is boosted by a solid US Nonfarm Payrolls report, pushing the pair above the 50-day Simple Moving Average (SMA) to reach a daily high of 0.8126. At the time of writing, trades at 0.8098. USD/CHF Price Forecast: Technical Outlook The USD/CHF trades just above […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional, OCBC
Indonesian Rupiah: Two-way risks around support levels – OCBC
OCBC’s Christopher Wong notes that USD/IDR has pulled back as a softer Dollar and lower UST yields support the Indonesian Rupiah. He highlights Bank Indonesia Governor Destry Damayanti’s emphasis on a stability-first approach, prioritizing Rupiah and macro stability while still supporting growth. Wong sees near-term support for IDR but flags elevated Oil prices and high global yields […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
CommerzBank, Institutional
Chinese Yuan: Services PMI rebound keeps PBoC cautious – Commerzbank
Commerzbank says China’s August Services PMI rebound highlights some resilience in private-sector activity, but weak retail sales, soft inflation and higher unemployment still point to fragile domestic demand. The stronger PMI reduces the urgency for immediate PBoC easing, while leaving room for further support if growth weakens into year-end. Fragile demand keeps PBoC easing options […]
by Currency Hedger
- 0 Comments
- 2 weeks ago