January 3, 2023 11:01 am
USD/JPY registered a fresh seven-month low on Tuesday, as the Japanese currency was underpinned by expectations that the Bank of Japan could exit its ultra-accommodative monetary policy. Last month, the BoJ introduced a shift in its policy, while allowing Japan’s 10-year government bond yields to move 50 basis points in either direction from the bank’s […]
Read moreDecember 20, 2022 9:50 am
USD/JPY registered a fresh four-month low on Tuesday, after Bank of Japan unexpectedly tweaked its yield curve control range, as it sought to ease some of the cost of prolonged ultra-accommodative monetary policy. The 10-year government bond yields will now be allowed to move 50 basis points in either direction from BoJ’s 0% target, compared […]
Read moreDecember 13, 2022 10:17 am
EUR/USD held mostly steady on Tuesday ahead of the release of US CPI inflation data, due out at 13:30 GMT, as well as the final Federal Reserve policy decision for the year. Annual core CPI inflation is expected to decelerate to 6.1% in November, while the headline CPI inflation is expected to slow down to […]
Read moreDecember 6, 2022 10:02 am
AUD/USD recouped part of yesterday’s losses on Tuesday, after the Reserve Bank of Australia lifted its cash rate to a decade-high and stuck with guidance of further policy tightening, while quashing any view it was nearing a hike pause. The RBA raised its cash rate by 25 basis points to 3.1% at its December policy […]
Read moreNovember 28, 2022 9:57 am
AUD/USD, a liquid proxy for risk, retreated over 0.7% on Monday, as market sentiment was roiled by protests in China against the government’s zero-COVID policy, which underpinned the safe-haven US Dollar. Following an apartment fire that led to the death of 10 people in Urumqi, the capital of China’s Xinjiang Uyghur Autonomous Region, hundreds of […]
Read moreNovember 21, 2022 10:15 am
EUR/USD hovered just above a fresh one-week low on Monday, as market sentiment was dampened by a surge in new COVID-19 infections in China and tighter restrictions in some cities there, while bolstering safe haven demand. Two deaths were reported in the capital city of Beijing on November 20th, while residents of the city’s most […]
Read moreNovember 15, 2022 9:51 am
AUD/USD scaled a fresh two-month peak on Tuesday following the release of the latest Reserve Bank of Australia’s policy meeting minutes. It showed that RBA policy makers remained open to either pause the cycle of tightening, or to go back to larger rate hikes, depending on incoming macro data. RBA Deputy Governor Michelle Bullock has […]
Read moreNovember 7, 2022 9:52 am
The Euro extends a rebound from a two-week low against the US Dollar on Monday, while moving closer to parity, as investors expect the European Central Bank will continue its policy tightening cycle to curb persistently high inflation. ECB President Lagarde said last week interest rates should keep rising, despite the higher probability of the […]
Read moreOctober 31, 2022 9:25 am
USD/JPY extended a rebound from recent three-week lows on Monday, as the US Dollar firmed on cooling investor bets that the Federal Reserve could indicate a slowdown in its aggressive monetary policy tightening cycle. “Markets have been kind of expecting a Fed pivot on monetary policy. I think that is too premature, given how resilient […]
Read moreOctober 27, 2022 8:53 am
EUR/USD was trading near a fresh six-week high on Thursday ahead of the ECB policy meeting later in the day, while the US Dollar weakened amid rising hopes the Federal Reserve will implement less aggressive policy tightening to temper recession risks. “Fundamentally, there are factors that are still favouring the U.S. dollar: rate differentials, the […]
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