July 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 […]
Read moreJuly 18, 2023 9:23 am
Key points NZD/JPY retreats for a second day, trades near 1-month trough New Zealand Q2 CPI inflation figures eyed for rate outlook clues Bank of Japan meeting also on traders’ radar The New Zealand Dollar extended losses against the Japanese Yen on Tuesday, as market players awaited New Zealand’s quarterly CPI inflation report due out […]
Read moreJuly 18, 2023 7:27 am
Key points AUD/CAD slightly stronger, not far from recent 1-month high of 0.9056 RBA minutes reveal case for further policy tightening Canada CPI inflation data now eyed The Australian Dollar was slightly firmer against its Canadian counterpart on Tuesday, after the minutes of the Reserve Bank of Australia’s latest policy meeting did not offer any […]
Read moreJuly 17, 2023 9:28 am
Key points USD/ZAR extends last week’s losses, hovers above 14-week trough South Africa CPI data for June in focus SARB expected to keep main rate intact at 8.25% in July The South African Rand edged up against the US Dollar on Monday, looking to extend the prior week’s gains, ahead of South African CPI inflation […]
Read moreJuly 17, 2023 7:16 am
Key points USD/INR falls after a 0.7% rally last week US Treasury yields surge on higher one-year inflation expectations China GDP growth well below market consensus India’s Rupee began the new week on the back foot against the US Dollar, following a 0.68% rally in the prior week, as US bond yields rose and weak […]
Read moreJuly 14, 2023 7:43 am
Key points AUD/USD near fresh 1-month peak, set for best week since November Easing US inflation bolsters investor bets that US interest rates may soon peak Aussie shows little reaction to Michele Bullock’s appointment as RBA Governor The Australian Dollar was holding gains against its US counterpart on Friday and looked set to register its […]
Read moreJuly 13, 2023 9:20 am
Key points USD/ZAR retreats for 5th day, hovers above 12-week trough South Africa mining data for May awaited for clues over economic health The South African Rand advanced for a fifth straight trading day on Thursday against the US Dollar, reaching a 12-week peak, ahead of South Africa mining production data release. Yesterday the South […]
Read moreJuly 13, 2023 7:24 am
Key points USD/CHF just above lows last seen in January 2015 US headline, core CPI inflation slows to levels unseen since 2021 US inflation data prints add to expectations of Fed rate peak in July USD/CHF registered a fresh 8 1/2-year low on Thursday, after market players considered a surprisingly slow US CPI inflation as […]
Read moreJuly 12, 2023 9:53 am
Key points USD/INR extends losses, but may find support within 82.20-82.30 area US, India CPI inflation figures eyed for clues over monetary policy India’s Rupee extended gains from early this week against the US Dollar ahead of US and India CPI inflation figures, but upside was seen as limited. The Rupee has reached a resistance […]
Read more