September 12, 2023 9:38 am
Having touched a 2 1/2-week low on Monday, the AUD/JPY pair was a notch firmer on Tuesday, as the Yen gave back some of its recent gains against major peers. Yesterday the Japanese currency advanced on remarks by Bank of Japan Governor Kazuo Ueda that hinted at a possible end to its era of negative […]
Read moreSeptember 12, 2023 7:33 am
The British Pound steadied against the Canadian Dollar on Tuesday, paring earlier gains in the session, after data showed UK wages had risen at a record rate once again in July, mounting pressure on the Bank of England to continue its policy tightening cycle. Regular pay excluding bonuses in the United Kingdom surged 7.8% year-on-year […]
Read moreSeptember 11, 2023 9:18 am
The South African Rand gained more than 1% against a softer US Dollar on Monday ahead of South African manufacturing production figures that could provide further clues over the nation’s economic health. Meanwhile, the US Dollar weakened against major peers at the start of the week ahead of US CPI inflation report for August due […]
Read moreSeptember 11, 2023 7:35 am
The GBP/JPY currency pair registered a sizable retreat on Monday, after Bank of Japan Governor Kazuo Ueda said the central bank could discontinue its policy of negative interest rates when the 2% inflation target is achieved. “Once we’re convinced Japan will see sustained rises in inflation accompanied by wage growth, there are various options we […]
Read moreSeptember 8, 2023 9:32 am
The South African Rand extended a pullback from recent three-month low against the US Dollar on Friday on prospects of the Federal Reserve keeping borrowing costs without change at its September policy meeting. Although the US Dollar was a notch softer against a basket of major peers on Friday, the currency was still on track […]
Read moreSeptember 7, 2023 7:27 am
India’s Rupee traded little changed against the US Dollar on Thursday, while disregarding a drop in China’s Yuan and other Asian currencies, with investors betting the nation’s central bank will keep intervening to defend the currency. The Reserve Bank of India has been frequently intervening in the non-deliverable forward market to ensure the Rupee does […]
Read moreSeptember 5, 2023 9:02 am
The South African Rand retreated against the US Dollar on Tuesday, as South Africa experienced the most severe power cuts on record. State utility Eskom reinstated the worst rolling blackouts on record, which resulted in up to 12 hours of power cuts for the majority of households per day. “With the increase in generation planned […]
Read moreSeptember 5, 2023 7:22 am
AUD/JPY lost ground sharply on Tuesday after the Reserve Bank of Australia left its cash rate without change at 4.1% at its September meeting, in line with expectations. The central bank extended the rate pause for a third consecutive month, while adding to market speculation its policy tightening cycle could be over. Policy makers noted […]
Read moreSeptember 4, 2023 9:40 am
USD/JPY was a notch firmer on Monday, being not far from last week’s 9 1/2-month high, with trading volumes likely to remain light due to the Labor Day federal holiday in the United States. As the major Forex pair continues to trade in the area around the psychological 145 level, market players are still on […]
Read moreSeptember 4, 2023 7:40 am
USD/CAD was little changed in thinned trading on Monday, as market players mulled the latest US employment data prints, which hinted at certain cooling. Those macroeconomic figures also added to expectations that the Federal Reserve may be nearing the end of its policy tightening cycle. Data showed on Friday that the US economy had added […]
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