July 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 moreJuly 25, 2023 9:26 am
Key points USD/KRW off one-week peak South Korea’s Q2 GDP growth exceeds market expectations FOMC rate outlook in focus South Korean Won extended gains against the US Dollar on Tuesday, after preliminary data showed South Korean economy grew at a faster rate than anticipated in the second quarter despite weaker consumer and business spending. South […]
Read moreJuly 25, 2023 7:40 am
Key points GBP/JPY trades near levels last seen in early July Bank of Japan’s YCC decision will be closely watched UK private sector growth the slowest since January – PMI survey The Japanese Yen remained under pressure against major peers, including the British Pound, on Tuesday, as market focus sets on the Bank of Japan’s […]
Read moreJuly 24, 2023 10:04 am
Key points USD/ZAR rebounds from recent 3 1/2-month trough Fed, ECB rate decisions in focus ZAR traders await South Africa PPI data The South African Rand extended a pullback from last week’s 3 1/2-month high against the US Dollar on Monday, as investor focus sets on major central bank policy decisions later in the week. […]
Read moreJuly 24, 2023 8:06 am
Key points EUR/JPY trades near levels last seen in September 2008 Bank of Japan’s YCC decision will be closely watched ECB expected to hike by 25 bps, focus on signals around September meeting EUR/JPY traded not far from Friday’s 179-month high at the start of a week featuring a slew of central bank policy meetings, […]
Read moreJuly 21, 2023 7:58 am
Key points GBP/CAD rebounds from two-week trough UK retail sales growth adds to case for more BoE rate hikes Canada retail sales data now in focus The British Pound firmed against the Canadian Dollar on Friday, looking to snap a four-day streak of losses, after UK retail sales grew more than expected in June despite […]
Read moreJuly 20, 2023 9:18 am
Key points USD/ZAR falls to fresh 15-week trough South Africa inflation slows to 19-month low of 5.4% in June SARB expected to keep main rate intact at 8.25% later today The South African Rand advanced to a fresh 15-week high against the US Dollar on Thursday ahead of a rate decision by the South African […]
Read moreJuly 20, 2023 7:31 am
Key points AUD/JPY at 1-week highs Robust employment growth in June puts more pressure on RBA to continue rate hikes China leaves benchmark lending rates unchanged Japan records first trade surplus in June after 22 months of shortfalls The Australian Dollar surged over 0.5% against the Japanese Yen on Thursday, after Australian jobs data for […]
Read moreJuly 19, 2023 10:56 am
Key points Slower CPI deceleration in New Zealand underpins kiwi dollar, RBNZ rate cut prospects pushed further into future Australian employment data now in focus, to provide clues over RBA rate outlook The New Zealand Dollar was holding gains against its Australian counterpart on Wednesday, after the latest New Zealand CPI inflation report pushed investor […]
Read moreJuly 19, 2023 8:44 am
Key points Rupee edges down with Chinese Yuan as China recovery concerns weigh Equity inflows may cap Rupee losses India’s Rupee was a notch weaker against the US Dollar on Wednesday amid a Yuan-driven retreat in Asian currencies. The offshore Yuan was looking at a fourth straight day of losses against the US Dollar, undermined […]
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