August 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 moreAugust 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 […]
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