July 12, 2023 7:56 am
Key points NZD/USD trades not far from 1-month peak RBNZ holds interest rates in July after 12 successive hikes US CPI inflation report in focus The New Zealand Dollar touched a fresh one-month high against its US counterpart on Wednesday, after the Reserve Bank of New Zealand left the official cash rate without change at […]
Read moreJuly 11, 2023 9:27 am
Key points GBP/AUD at levels not seen since May 2020 Robust wage growth in UK puts more pressure on BoE to keep raising rates NAB business confidence index improves in June The British Pound rose to a fresh 38-month high against the Australian Dollar on Tuesday, as higher-than-expected wage growth in the UK mounted more […]
Read moreJuly 11, 2023 7:35 am
Key points USD/ZAR pulls back from Friday’s 1-month high South Africa manufacturing and mining data for May awaited for clues over economy The South African Rand extended a pullback from last week’s 1-month low on Tuesday ahead of South African manufacturing production figures that could provide further clues over the nation’s economic health. Meanwhile, the […]
Read moreJuly 10, 2023 9:35 am
Key points AUD/USD reverses a 1% gain from last Friday Disappointing CPI and PPI data from China hints at need for more government support Aussie reacts as China is Australia’s top trading partner The Australian Dollar, a liquid proxy for China’s Yuan, retreated more than 0.5% against its US counterpart on Monday, after data showed […]
Read moreJuly 10, 2023 7:35 am
Key points USD/INR comes off a six-week high it registered last Thursday June NFP growth, though slower than expected, does not affect Fed hike prospects US, India CPI inflation figures in focus India’s Rupee was mostly steady against the US Dollar on Monday, following a 0.2% gain last Friday on the back of smaller-than-expected Non-Farm […]
Read moreJuly 7, 2023 9:32 am
Key points USD/ZAR at 1-month high Recent US macro data bolsters the case for more Fed tightening US employment data now eyed for clues on labor market strength The South African Rand remained pressured near recent one-month low against the US Dollar on Friday amid risk-off market mood. Yesterday the Rand plummeted 1.8% after the […]
Read moreJuly 7, 2023 7:19 am
Key points NZD/USD heads for weekly gain as traders look to RBNZ meeting US Dollar firm, US bond yields near recent peaks after data indicates resilient labor market US Non-Farm Payrolls report in focus NZD/USD was set to snap a two-day streak of losses on Friday and eyed a 0.54% weekly gain as investors bet […]
Read moreJuly 6, 2023 9:32 am
Key points USD/JPY hovers above one-week low of 143.553 Flight to safety boosts Japanese Yen FOMC June minutes hint at further policy tightening this year Japan’s Yen strengthened on Thursday, while hitting a one-week high against the US Dollar, as it was underpinned amid broad risk aversion in Asia. Usually, the Yen, along with the […]
Read moreJuly 6, 2023 7:32 am
Key points USD/INR at fresh one-month peak Latest FOMC minutes release suggests more rate hikes likely US labor market, services PMI data in focus India’s Rupee registered a fresh one-month low on Thursday on the back of a stronger US Dollar and a surge in US bond yields. Asian currencies retreated after the minutes of […]
Read moreJuly 5, 2023 7:43 am
Key points USD/INR near fresh three-week peak Demand for cash dollars and for future payments weighs on Rupee FOMC June minutes in focus India’s Rupee retreated against the US Dollar on Wednesday, pressured by strong demand for dollars from importers for immediate and future payments. “Since open, from our side, there has been a demand […]
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