Currency News

USD/SEK scales two-week peak ahead of US jobs test

The USD/SEK currency pair held in proximity to a fresh two-week high of 10.3370 on Wednesday ahead of a string of macro data that may provide more clues over the US interest rate cut trajectory this year. Today’s focus will likely be on US job openings data. The number of job openings probably fell to […] Read more

USD/SGD confined in tight range ahead of US jobs data string

The USD/SGD currency pair remained mostly flat on Wednesday ahead of a string of macro data that may provide more clues over the US interest rate cut trajectory this year. Today’s focus will likely be on US job openings data. The number of job openings probably fell to 8.100 million in July from 8.184 million […] Read more

CAD/CHF eases from 2-week high with BoC decision in focus

The CAD/CHF currency pair pulled back from a two-week peak of 0.6322, while holding below the 0.6300 mark on Tuesday, after Swiss macro data and ahead of the outcome of the Bank of Canada’s policy meeting. The Bank of Canada is expected to lower its benchmark interest rate by 25 basis points to 4.25% at […] Read more

USD/ZAR scales 1 1/2-week peak ahead of US data deluge

The USD/ZAR currency pair traded near a fresh 1 1/2-week peak of 17.9767 on Tuesday ahead of a series of high-tier US macro data this week, including the Non-Farm Payrolls report, which could affect the size of an interest rate cut by the Federal Reserve in September. The US job openings data on Wednesday and […] Read more

USD/CAD rises to 1 1/2-week high with 25 bps BoC cut eyed

The USD/CAD currency pair traded not far from a fresh 1 1/2-week high of 1.3530 on Tuesday ahead of the outcome of the Bank of Canada’s policy meeting. The Bank of Canada is expected to lower its benchmark interest rate by 25 basis points to 4.25% at its September policy meeting. This would extend the […] Read more

USD/CHF trades at 1-week high ahead of US labor market data

The USD/CHF currency pair held in proximity to a fresh one-week high of 0.8537 on Tuesday, after data revealed the Swiss economy had registered the fastest quarterly expansion since the second quarter of 2022, while annual CPI inflation had eased to its lowest level since March in August. The US Dollar remained firm ahead of […] Read more

USD/KRW trades near 1-week high on 25 bps Fed rate cut bets

The USD/KRW currency pair held close to a one-week high of 1,341.15 on Monday, as market players trimmed bets on aggressive monetary policy easing by the Federal Reserve. Since the closely watched US PCE inflation has held stable in July, this reduced the need for a substantial Fed interest rate cut in September. Markets are […] Read more

Italy’s unemployment rate at over 16-year low

The unemployment rate in Italy has decreased to its lowest level since March 2008 in July, the latest data by the National Institute of Statistics showed. The jobless rate was reported at 6.5% in July, down from 6.9% in June. In comparison, market consensus had pointed to a rate of 7%. The number of unemployed […] Read more

Euro Area CPI inflation lowest since July 2021

Annual consumer price inflation in the Euro Area has decelerated to 2.2% in August from 2.6% in July, in line with market consensus, preliminary data by Eurostat showed. It has marked the lowest CPI inflation since July 2021. The latest figure indicated that further progress had been made towards the European Central Bank’s 2% inflation […] Read more

Japan’s July unemployment rate hits 1-year high

The unemployment rate in Japan was reported at 2.7% in July, up from 2.5% in the prior month, data by the Ministry of Internal Affairs & Communications showed. It has been the highest jobless rate since August 2023. The number of unemployed persons went up by 110,000 to 1.87 million in July, while the number […] Read more