August 2, 2023 7:27 am
Key points New Zealand jobless rate at 2-year high Data may not prompt RBNZ to continue rate-hiking campaign BoJ decision last week not a prelude to exit from ultra-easy policy – Deputy Governor The New Zealand Dollar retreated over 1% against the Japanese Yen on Wednesday, after data showed New Zealand’s unemployment rate had risen […]
Read moreAugust 1, 2023 9:26 am
Key points Weaker-than-expected Chinese manufacturing data reinforce the case for economic stimulus CAD traders look to Canadian manufacturing data for clues over economic health The risk-sensitive New Zealand Dollar weakened against its Canadian counterpart on Tuesday, after a private survey showed China’s factory activity had shrunk for the first time since April in July, as […]
Read moreAugust 1, 2023 7:29 am
Key points RBA keeps rates on hold for second straight month Traders speculate RBA cash rate peak likely reached Yen volatile after BoJ steps toward policy shift The Australian Dollar retreated against the Japanese Yen on Tuesday, after the Reserve Bank of Australia kept interest rates steady for a second consecutive month, which triggered speculation […]
Read moreJuly 31, 2023 9:35 am
Key points USD/ZAR set for 6% monthly drop South African trade data for June in focus US Dollar Index heads for over 1% monthly loss The South African Rand looked set to register its best monthly performance since November 2022 ahead of South African trade balance report for June. The report, due out at 12:00 […]
Read moreJuly 28, 2023 9:32 am
Key points EUR/JPY trades not far from levels last seen in mid-June ECB hikes rates, to follow “data-dependent approach” to future policy decisions BoJ keeps key rates unchanged, but pledges yield curve control flexibility EUR/JPY bounced off a fresh six-week low on Friday, but was still heading for a 2.9% weekly loss, the largest since […]
Read moreJuly 28, 2023 7:22 am
Key points AUD/JPY hovers above fresh 8-week trough BoJ keeps key rates unchanged, but pledges yield curve control flexibility BoJ decision considered by traders as preparation for exit from ultra-easy monetary policy The Japanese Yen rallied decisively against the Australian Dollar in volatile trade on Friday, after the Bank of Japan took steps in order […]
Read moreJuly 27, 2023 9:35 am
Key points Aussie gains as risk sentiment improves Euro waits for ECB rate decision and September guidance The risk-sensitive Australian Dollar strengthened against the Euro on Thursday, as prospects that the global monetary policy tightening cycle could be nearing an end lifted market sentiment. The Federal Reserve raised the target range for the federal funds […]
Read moreJuly 27, 2023 8:02 am
Key points USD/JPY hovers above one-week low of 139.378 Fed delivers 25 bps hike, as expected Dollar weakens on speculation Fed may be close to end of tightening cycle BoJ expected to maintain ultra-easy policy stance tomorrow The Japanese Yen was holding gains against a weaker US Dollar on Thursday, after the Federal Reserve delivered […]
Read moreJuly 26, 2023 9:25 am
Key points USD/ZAR bounces off fresh 24-week low FOMC meeting outcome in focus Rand may be vulnerable to losses after recent advance – RMB The South African Rand pulled back from a fresh 24-week high against the US Dollar on Wednesday ahead of the outcome of the Federal Reserve’s policy meeting, which could leave the […]
Read moreJuly 26, 2023 7:24 am
Key points Australian CPI inflation slows more than expected in Q2 Odds of 25 bps RBA rate hike in August trimmed CAD traders now look to Bank of Canada’s July meeting minutes The Australian Dollar weakened against its Canadian counterpart on Wednesday, after data showed inflation in Australia had decelerated more than anticipated in the […]
Read more