August 11, 2023 9:42 am
The New Zealand Dollar retreated against its Canadian counterpart for a fourth straight trading day on Friday and was set for a 0.94% weekly loss, as market players were cautious ahead of the Reserve Bank of New Zealand’s policy meeting next week. The central bank is largely expected to leave the official cash rate without […]
Read moreAugust 11, 2023 7:42 am
The GBP/JPY currency pair traded in proximity to a fresh 92-month peak on Friday, after preliminary figures showed the British economy had expanded at a faster rate than anticipated in the second quarter. UK GDP grew 0.2% quarter-on-quarter in Q2, following a 0.1% increase in Q1 and exceeding market consensus of zero growth. Services sector […]
Read moreAugust 10, 2023 9:21 am
The South African Rand pulled back from a one-month low against the US Dollar on Thursday ahead of the key US CPI inflation report as well as South African mining and manufacturing data. Investor focus sets on the US July consumer inflation figures. Annual core CPI inflation is expected to slow to 4.7% from 4.8% […]
Read moreAugust 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 […]
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