September 28, 2023 8:08 am
The AUD/JPY pair was mostly flat on Thursday, while trading within a narrow range, with the Aussie Dollar shrugging off the latest retail sales data out of Australia. Retail sales grew 0.2% month-over-month in August, preliminary data showed earlier on Thursday, which compared with market expectations of a 0.3% increase. The modest growth rate indicated […]
Read moreSeptember 27, 2023 7:41 am
AUD/USD plunged to a three-week low on Wednesday, as the prospects of higher-for-longer US interest rates pushed bond yields up to multi-year highs and also underpinned the greenback. The US Dollar Index scaled a fresh 10-month peak of 106.321 earlier on Wednesday and was last little changed at 106.203. The Federal Reserve left the target […]
Read moreSeptember 26, 2023 10:23 am
The South African Rand retreated sharply against a stronger US Dollar on Tuesday on prospects that US interest rates may remain elevated for longer. The benchmark 10-year US Treasury yield rose as high as 4.56% earlier on Tuesday, a level not seen since October 2007. The US Dollar Index was last inching up 0.05% on […]
Read moreSeptember 26, 2023 8:01 am
The USD/INR currency pair firmed on Tuesday, as a surge in US Treasury yields underpinned the US Dollar. The Rupee retreated alongside other Asian currencies, with the South Korean Won leading losses. A combination of resilient macro data, hawkish comments from Federal Reserve officials and a budget deficit to be funded through borrowing pushed the […]
Read moreSeptember 25, 2023 8:02 am
Having retreated more than 0.8% last week following policy decisions by the Bank of England and the Bank of Japan, the GBP/JPY currency pair was mostly steady on Monday, but not far from recent 1 1/2-month trough. The Bank of England left its benchmark interest rate without change at 5.25% at its September meeting, with […]
Read moreSeptember 22, 2023 8:38 am
The Japanese Yen retreated against the Euro on Friday, after the Bank of Japan maintained its ultra-accommodative policy and again pledged to keep monetary support until Japan’s inflation sustainably reaches the 2% target. The BoJ left its benchmark short-term interest rate without change at -0.10% at its September policy meeting and also kept a 0% […]
Read moreSeptember 21, 2023 9:33 am
The Norwegian Krone firmed to an intraday high against the US Dollar on Thursday, after Norway’s central bank hiked interest rates at its September meeting and said it would likely raise them once again in December. Norges Bank raised its key policy rate by 25 basis points to 4.25% earlier on Thursday, in line with […]
Read moreSeptember 21, 2023 7:31 am
The Australian Dollar retreated to a fresh one-week low against its US counterpart on Thursday, after the Federal Reserve left interest rates intact, but toughened a hawkish monetary policy stance. As a result, the US Dollar scaled a fresh six-month peak against a basket of major peers and US Treasury yields surged to levels unseen […]
Read moreSeptember 20, 2023 7:29 am
The British Pound hovered just above a 5-month trough against the Canadian Dollar on Wednesday, as lower-than-expected CPI inflation in the UK raised some questions about the Bank of England’s rate outlook. Annual consumer inflation in the United Kingdom decelerated to 6.7% in August from 6.8% in July, while confounding market expectations of an increase […]
Read moreSeptember 19, 2023 7:10 am
The AUD/JPY pair remained stuck within a narrow range on Tuesday ahead of the outcome of the Bank of Japan’s policy meeting on Friday, while the minutes of the Reserve Bank of Australia’s September meeting were shrugged off. The Bank of Japan’s September meeting will be closely watched for clues over when its negative interest […]
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