July 4, 2023 8:09 am
Key points AUD/JPY recovers from earlier losses RBA skips rate hike, but says more tightening needed to rein in inflation Yen vulnerable to more weakness as investors on watch for possible Japan FX intervention AUD/JPY touched an intraday low of 96.069 on Tuesday after the Reserve Bank of Australia surprisingly kept interest rates on hold […]
Read moreJuly 3, 2023 9:33 am
Key points EUR/JPY trades at levels last seen in September 2008 USD/JPY near 8-month peak Japan may intervene in the market to bolster Yen Japan business sentiment improves in Q2, signaling steady economic recovery The Japanese Yen remained pressured near lows unseen since September 2008 against the Euro on Monday, as market players were on […]
Read moreJuly 3, 2023 7:24 am
Key points USD/INR at fresh two-month low Dollar selling, debt and equity inflows boost Rupee US ISM Manufacturing PMI data in focus India’s Rupee advanced to highs unseen since early May against the US Dollar on Monday, supported by inflows and dollar selling by foreign banks. According to a report by Reuters, citing an unnamed […]
Read moreJune 30, 2023 9:28 am
Key points USD/RUB trades near highest level since March 2022 Rouble pressured by Russia political risk fears, lack of support drivers USD firm on Fed rate hike prospects ahead of PCE data The Russian Rouble plummeted to a fresh 65-week trough against the US Dollar on Friday on lingering local political risk concerns and a […]
Read moreJune 30, 2023 7:29 am
Key points USD/INR set for 2nd week of gains, Rupee still encounters resistance below 82.0000 Latest US data adds to case for more Fed tightening US PCE data in focus USD/INR was heading for a second straight week of gains, as the Rupee was pressured by firmer dollar on expectations of further policy tightening by […]
Read moreJune 29, 2023 9:26 am
Key points USD/ZAR encounters resistance near last Friday’s two-week high Dollar firm as Fed Chair Powell says two more rate hikes likely ZAR traders await South Africa PPI data The South African Rand was a notch weaker against the US Dollar on Thursday, as market players looked to South African PPI report later in the […]
Read moreJune 29, 2023 7:47 am
Key points NZD/USD trades in proximity to fresh three-week low Fed Chair Powell says two more rate hikes likely this year New Zealand businesses “cautiously optimistic” – ANZ survey New Zealand’s Dollar largely shrugged off an ANZ Bank survey that showed business confidence in New Zealand had improved in June, while reaching its highest level […]
Read moreJune 28, 2023 9:43 am
Key points AUD/JPY trades near two-week low Australian CPI data boosts the case for RBA rate pause Japan may intervene in the market to prop up Yen BoJ Governor Kazuo Ueda to speak at ECB Forum in Sintra, Portugal AUD/JPY hovered above a fresh two-week low on Wednesday after a sudden slowdown in Australia’s inflation […]
Read moreJune 28, 2023 7:44 am
Key points EUR/JPY trades at levels last seen in September 2008 USD/JPY near 7-month peak Japan may intervene in the market to prop up Yen Central bank chiefs to speak at ECB Forum in Sintra, Portugal The Japanese Yen traded in proximity to a fresh 15-year trough against the Euro on Wednesday, since Japanese authorities […]
Read moreJune 27, 2023 9:35 am
Key points USD/CAD trades near fresh 41-week low of 1.3117 Loonie traders look to Canadian CPI data for May US data string eyed for clues on future policy tightening Oil price surge additionally supports Canadian Dollar USD/CAD was hovering above a fresh 41-week trough on Tuesday, as market players eyed incoming US and Canadian macro […]
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