July 11, 2023 7:35 am
Key points USD/ZAR pulls back from Friday’s 1-month high South Africa manufacturing and mining data for May awaited for clues over economy The South African Rand extended a pullback from last week’s 1-month low on Tuesday ahead of South African manufacturing production figures that could provide further clues over the nation’s economic health. Meanwhile, the […]
Read moreJuly 10, 2023 12:28 pm
Key points Spot Gold trades in narrow range Traders await US CPI inflation report for more clues on rate hike trajectory Firmer USD weighs on dollar-priced Gold Spot Gold remained confined within a tight trading range on Monday after a sharp gain witnessed last Friday, as the US Dollar firmed, recouping part of Friday’s losses. […]
Read moreJuly 10, 2023 9:35 am
Key points AUD/USD reverses a 1% gain from last Friday Disappointing CPI and PPI data from China hints at need for more government support Aussie reacts as China is Australia’s top trading partner The Australian Dollar, a liquid proxy for China’s Yuan, retreated more than 0.5% against its US counterpart on Monday, after data showed […]
Read moreJuly 10, 2023 7:35 am
Key points USD/INR comes off a six-week high it registered last Thursday June NFP growth, though slower than expected, does not affect Fed hike prospects US, India CPI inflation figures in focus India’s Rupee was mostly steady against the US Dollar on Monday, following a 0.2% gain last Friday on the back of smaller-than-expected Non-Farm […]
Read moreJuly 7, 2023 12:43 pm
Key points Business activities at Gifhorn plant to be phased out by 2027 At least half of jobs at site to be affected Shares up 21.86% year-to-date after 2022 slump Hanover-based Continental AG on Friday announced plans to phase out business activities at its Gifhorn facility by the end of 2027. At least 450 out […]
Read moreJuly 7, 2023 9:32 am
Key points USD/ZAR at 1-month high Recent US macro data bolsters the case for more Fed tightening US employment data now eyed for clues on labor market strength The South African Rand remained pressured near recent one-month low against the US Dollar on Friday amid risk-off market mood. Yesterday the Rand plummeted 1.8% after the […]
Read moreJuly 7, 2023 7:19 am
Key points NZD/USD heads for weekly gain as traders look to RBNZ meeting US Dollar firm, US bond yields near recent peaks after data indicates resilient labor market US Non-Farm Payrolls report in focus NZD/USD was set to snap a two-day streak of losses on Friday and eyed a 0.54% weekly gain as investors bet […]
Read moreJuly 6, 2023 12:08 pm
Key points WTI Crude with small gains OPEC+ supply cuts, US crude oil stock drop support market Macroeconomic outlook uncertainty continues weighing on oil prices Futures on US West Texas Intermediate Crude Oil gained slightly on Thursday, as market players weighed tighter supply against concerns over global economic downturn. Saudi Arabia, OPEC+ largest producer, said […]
Read moreJuly 6, 2023 9:32 am
Key points USD/JPY hovers above one-week low of 143.553 Flight to safety boosts Japanese Yen FOMC June minutes hint at further policy tightening this year Japan’s Yen strengthened on Thursday, while hitting a one-week high against the US Dollar, as it was underpinned amid broad risk aversion in Asia. Usually, the Yen, along with the […]
Read moreJuly 6, 2023 7:32 am
Key points USD/INR at fresh one-month peak Latest FOMC minutes release suggests more rate hikes likely US labor market, services PMI data in focus India’s Rupee registered a fresh one-month low on Thursday on the back of a stronger US Dollar and a surge in US bond yields. Asian currencies retreated after the minutes of […]
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