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USD/NOK trades within striking distance of 2 1/2-week high

September 4, 2024 11:04 am
The USD/NOK currency pair traded not far from a fresh 2 1/2-week high of 10.7362 on Wednesday ahead of a string of macro data that may provide more clues over the US interest rate cut trajectory. Today’s focus will likely be on US job openings data. The number of job openings probably fell to 8.100 […] Read more

USD/SEK scales two-week peak ahead of US jobs test

September 4, 2024 9:14 am
The USD/SEK currency pair held in proximity to a fresh two-week high of 10.3370 on Wednesday ahead of a string of macro data that may provide more clues over the US interest rate cut trajectory this year. Today’s focus will likely be on US job openings data. The number of job openings probably fell to […] Read more

USD/SGD confined in tight range ahead of US jobs data string

September 4, 2024 7:42 am
The USD/SGD currency pair remained mostly flat on Wednesday ahead of a string of macro data that may provide more clues over the US interest rate cut trajectory this year. Today’s focus will likely be on US job openings data. The number of job openings probably fell to 8.100 million in July from 8.184 million […] Read more

Gladstone Commercial buys industrial facility in Texas

September 3, 2024 9:16 pm
Gladstone Commercial Corporation (NASDAQ: GOOD) said on Tuesday that it had purchased a 50,102 square foot Class A industrial manufacturing, distribution and service facility in Midland, Texas, in a long-term sale-leaseback transaction with a 15-year absolute NNN lease. The property is entirely leased to a provider of electrical feedthrough connectors, wellhead solutions and related services, […] Read more

CAD/CHF eases from 2-week high with BoC decision in focus

September 3, 2024 12:53 pm
The CAD/CHF currency pair pulled back from a two-week peak of 0.6322, while holding below the 0.6300 mark on Tuesday, after Swiss macro data and ahead of the outcome of the Bank of Canada’s policy meeting. The Bank of Canada is expected to lower its benchmark interest rate by 25 basis points to 4.25% at […] Read more

USD/ZAR scales 1 1/2-week peak ahead of US data deluge

September 3, 2024 11:10 am
The USD/ZAR currency pair traded near a fresh 1 1/2-week peak of 17.9767 on Tuesday ahead of a series of high-tier US macro data this week, including the Non-Farm Payrolls report, which could affect the size of an interest rate cut by the Federal Reserve in September. The US job openings data on Wednesday and […] Read more

USD/CAD rises to 1 1/2-week high with 25 bps BoC cut eyed

September 3, 2024 9:54 am
The USD/CAD currency pair traded not far from a fresh 1 1/2-week high of 1.3530 on Tuesday ahead of the outcome of the Bank of Canada’s policy meeting. The Bank of Canada is expected to lower its benchmark interest rate by 25 basis points to 4.25% at its September policy meeting. This would extend the […] Read more

USD/CHF trades at 1-week high ahead of US labor market data

September 3, 2024 8:06 am
The USD/CHF currency pair held in proximity to a fresh one-week high of 0.8537 on Tuesday, after data revealed the Swiss economy had registered the fastest quarterly expansion since the second quarter of 2022, while annual CPI inflation had eased to its lowest level since March in August. The US Dollar remained firm ahead of […] Read more

USD/KRW trades near 1-week high on 25 bps Fed rate cut bets

September 2, 2024 10:39 am
The USD/KRW currency pair held close to a one-week high of 1,341.15 on Monday, as market players trimmed bets on aggressive monetary policy easing by the Federal Reserve. Since the closely watched US PCE inflation has held stable in July, this reduced the need for a substantial Fed interest rate cut in September. Markets are […] Read more

Spot Gold off record highs on smaller Sep rate cut bets

September 2, 2024 8:03 am
Spot Gold pulled back from levels close to record high on Monday due to a firmer US Dollar and higher Treasury yields, as market players trimmed bets on aggressive monetary easing by the Federal Reserve. Since the closely watched US PCE inflation has held stable in July, this reduced the need for a substantial Fed […] Read more