The US greenback remained beneathneath a three-month top on Thursday, as marketplace individuals assessed the timing of capacity hobby fee cuts with the aid of using the Federal Reserve following remarks from Fed officers on inflation statistics. currently released. The yen, even though beneathneath stress this week, did now no longer fall to a three-month low...
The US dollar remained steady on Monday, with limited trading activity due to the holiday in major markets in Asia. Investors are awaiting the release of US inflation data, which is expected to play a key role in shaping the Federal Reserve's interest rate decisions. Upcoming US Consumer Price Index (CPI) data for January, scheduled for release on Tuesday, is in...
The Japanese yen remained near a 10-week low on Friday, with currency markets adjusting expectations around interest rate movements from global central banks. The yen traded slightly changed at 149.315 against the USD, after falling to 149.48 in the previous session, marking its lowest since November 27. Bank of Japan Deputy Governor Shinichi Uchida's comments on...
Most emerging market currencies are not expected to recover this year's losses against the dollar in the coming months, according to a recent poll of foreign exchange strategists. The poll, involving 50 FX strategists, suggests the possibility of aggressive interest rate cuts by the US Federal Reserve, weighing on the performance of these currencies. A basket of...
Most Asian currencies fell sharply in the past two sessions, as the market began to reassess the possibility of the Fed cutting interest rates soon. Higher interest rates for longer reduce the appeal of risky, high-yield assets and also limit foreign capital flows into regional markets. Powell's comments late Sunday reiterated the Fed's earlier message that the...
Fed Chairman Powell participated withinside the American tv program "60 Minutes": With the economic system strong, we sense the want to take into account the timing of hobby price cuts carefully Confidence is rising, however we need to be even greater assured as we take the `very critical step' of beginning to reduce hobby rates Achieving desirable development on...
The US Dollar Index rose to 104.18, its highest level since December 2023. The US jobs report released on Friday (February 2) far exceeded market expectations. This information reinforced Fed Chairman Jerome Powell's statement at the end of the agency's policy meeting last week that an interest rate cut in March 2024 was unlikely. Expert Chris Weston, head of...
Volatility among major currencies was relatively mild ahead of today's European session. The Australian dollar edged up slightly, building on yesterday's sharp recovery during the US session. Notably, AUD/USD bounced off the December low and 100-day moving average at 0.6525-30 but is now returning to its previous accumulation phase near 0.6600 USD/JPY fell to a...
Immediately after better-than-expected inflation data, the Australian dollar fell again. In addition, weakening inflation has also provided the market with more information about the RBA's interest rates in the coming time when the Reserve Bank of Australia has had many difficulties in controlling inflation and has only stopped raising interest rates. interest...
The dollar edged higher in early European trading on Wednesday, heading for its biggest monthly gain since September, while the euro edged lower after weak inflation data. At 04:45 ET (09:45 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 103.352, on track for more than a gain. 2% this...
The US greenback is on course for its maximum giant month-to-month benefit on account that September, with a 2% benefit towards a basket of main currencies as January ended. The boom changed into attributed to marketplace modifications to the tempo and quantity of anticipated hobby fee cuts, stimulated through sturdy US financial facts and competition from...
“The franc is once more overvalued,” stated David Alexander Meier, economist at Julius Baer Group and pinnacle fourth-region FX forecaster in keeping with Bloomberg. Mr. David expects the franc to fall approximately 4% from modern tiers with the aid of using the quit of the yr while the Swiss National Bank (SNB) stops assisting the foreign money. This is extra...
CEO of asset management fund Eurizon SLJ Capital, Mr. Stephen Jen, said that the USDJPY exchange rate could fall to 1 USD for 130 Yen by the end of this year, while the yield on Japanese government bonds with a term of 10 year is likely to increase by 1.5% - 2%. USDJPY traded around 148.10 and the 10-year bond yield was at 0.71% on January 29. According to...
Economic calendar with market-impacting events including the latest Fed and BoE monetary policy decisions, US NFP reports, German and Eurozone fourth-quarter growth, manufacturing PMIs and Chinese services, German and Euro zone inflation data. In addition to the economic calendar, a series of major US technology companies will announce their latest fourth quarter...
In recent developments, bearish bets on several emerging Asian currencies have increased as traders readjust their expectations for an early interest rate cut by the US Federal Reserve. This change has prompted investors to seek refuge in the US dollar. A reassessment of the US Federal Reserve's (Fed) monetary policy trajectory has led to a stronger USD,...
The dollar rose slightly early in the day after being mixed in yesterday's trading. Rising Treasury yields of late have supported the greenback. US stocks also saw late declines, although technology stocks again outperformed as the Nasdaq index closed up 0.4%. The S&P 500 managed to rise 0.1% while the Dow closed down 0.3%. US futures are currently flat. In the...
Most Asian currencies stayed narrow on Wednesday, while the dollar steadied near a six-week high as markets awaited further signals on when the Federal Reserve might start cutting interest rates. The Australian dollar fell 0.1%, even as January PMI data showed some improvement in manufacturing and services activity. The Aussie, often seen as an indicator of...
Most Asian currencies remained weak on Wednesday, with the dollar hovering near a six-week high as markets awaited further signals on when the Federal Reserve would start cutting interest rates. The Australian dollar weakened by 0.1%, although January's PMI data showed improvement in manufacturing and services activity. The Australian dollar, which is often used...