August 8, 2023 7:33 am
Key points EUR/AUD near highs unseen since May 2020 Aussie dollar weighed down by weak Chinese trade figures Germany’s annual inflation confirmed at 6.2% in July The Australian Dollar retreated to a fresh 39-month low against the Euro on Tuesday, weighed down by disappointing trade data out of China. Data by the General Administration of […]
Read moreAugust 7, 2023 12:12 pm
Futures on US West Texas Intermediate Crude Oil retreated on Monday following a sustained rally, as Saudi Arabia and Russia announced supply cuts extension through September. WTI Futures have already registered six consecutive weeks of gains, mostly due to supply tightening. Last week, top producer Saudi Arabia extended its voluntary oil production cut of 1 […]
Read moreAugust 7, 2023 8:47 am
The South African Rand extended last week’s 4.77% loss against the US Dollar on Monday, as the risk-sensitive currency may be affected by the release of key inflation figures out of major economies later in the week. The Rand’s retreat last week came amid a broad risk aversion stemming from the US credit rating downgrade. […]
Read moreAugust 7, 2023 7:15 am
India’s Rupee pulled back from recent 11-week low against the US Dollar and traded within a narrow range on Monday ahead of key US CPI inflation data and a rate decision by the Reserve Bank of India, both expected on Thursday. Last Friday, the Rupee gained 0.29% as the US Dollar softened and US Treasury […]
Read moreAugust 4, 2023 12:25 pm
EV maker Fisker Inc on Friday revised down its full-year production forecast, citing supply chain issues. The company now expects to assemble between 20,000 and 23,000 EVs this year, compared with a range of 32,000 to 36,000 vehicles it forecast in May. The electric SUV maker reported its first quarterly revenue from sales, as it […]
Read moreAugust 4, 2023 9:29 am
Key points USD/ZAR trades near recent 3-week high, set for best week since April 2022 Rand pressured amid risk-off mood US NFP data in focus for more clues over labor market conditions The South African Rand was mostly steady against the US Dollar on Friday. However, the exotic currency was heading for its largest weekly […]
Read moreAugust 4, 2023 7:23 am
Key points Peso registers fresh 6-week low against US Dollar Philippine inflation slows in July, but still above BSP target BSP ready to tighten policy if needed The Philippine Peso registered a fresh six-week low against the US Dollar on Friday, after data showed Philippine inflation still remained above the central bank’s target. Bangko Sentral […]
Read moreAugust 3, 2023 12:05 pm
Key points WTI Crude Futures pull back from April highs US crude stockpiles drop the most on record last week – EIA US credit rating downgrade weighs on risk sentiment Futures on US West Texas Intermediate Crude Oil extended a pullback from over three-month peak on Thursday, after a US government credit downgrade cooled investor […]
Read moreAugust 3, 2023 9:22 am
Key points Rupee registers fresh 10-week low amid risk-off mood Safe haven buying, macro data boost US Dollar RBI probably sold dollars at 82.75-82.80 Rupee levels – media report India’s Rupee extended losses against the US Dollar on Thursday, while hitting a fresh 10-week low, amid a broad risk aversion stemming from the US credit […]
Read moreAugust 3, 2023 7:26 am
Key points GBP/JPY trades in tight range, not far from four-week peak of 183.248 Bank of England expected to hike rates to 15-year high of 5.25% today Market players still assessing Bank of Japan’s policy decision last week The GBP/JPY currency pair traded within a narrow range on Thursday, while holding in proximity to a […]
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