August 10, 2023 7:28 am
India’s Rupee was mostly steady near 23-week low against the US Dollar on Thursday, after the Reserve Bank of India kept its benchmark policy repo rate unchanged at 6.5% for a third meeting in a row in August, in line with market expectations. The RBI kept its policy stance of “withdrawal of accommodation” to ensure […]
Read moreAugust 9, 2023 7:38 am
The Australian Dollar registered a fresh one-week high against the Japanese Yen on Wednesday as risk sentiment showed signs of improvement despite another set of weak macro data coming out of China. The National Bureau of Statistics reported on Wednesday that Chinese consumer prices had decreased by 0.3% year-on-year in July, marking the first drop […]
Read moreAugust 8, 2023 9:40 am
Key points Aussie dollar weighed down by disappointing Chinese trade figures CAD traders now look to Canadian trade balance data for June The Australian Dollar lost ground against its Canadian counterpart on Tuesday, after the latest macro data out of China provided more evidence of a faltering economic recovery. Data by the General Administration of […]
Read moreAugust 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 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 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 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 […]
Read more