August 8, 2023 9:40 am
Key points Aussie dollar weighed down by disappointing Chinese trade figures CAD traders now look to Canadian trade balance data for June The Australian Dollar lost ground against its Canadian counterpart on Tuesday, after the latest macro data out of China provided more evidence of a faltering economic recovery. Data by the General Administration of […]
Read moreAugust 8, 2023 7:33 am
Key points EUR/AUD near highs unseen since May 2020 Aussie dollar weighed down by weak Chinese trade figures Germany’s annual inflation confirmed at 6.2% in July The Australian Dollar retreated to a fresh 39-month low against the Euro on Tuesday, weighed down by disappointing trade data out of China. Data by the General Administration of […]
Read moreAugust 7, 2023 8:47 am
The South African Rand extended last week’s 4.77% loss against the US Dollar on Monday, as the risk-sensitive currency may be affected by the release of key inflation figures out of major economies later in the week. The Rand’s retreat last week came amid a broad risk aversion stemming from the US credit rating downgrade. […]
Read moreAugust 7, 2023 7:15 am
India’s Rupee pulled back from recent 11-week low against the US Dollar and traded within a narrow range on Monday ahead of key US CPI inflation data and a rate decision by the Reserve Bank of India, both expected on Thursday. Last Friday, the Rupee gained 0.29% as the US Dollar softened and US Treasury […]
Read moreAugust 4, 2023 9:29 am
Key points USD/ZAR trades near recent 3-week high, set for best week since April 2022 Rand pressured amid risk-off mood US NFP data in focus for more clues over labor market conditions The South African Rand was mostly steady against the US Dollar on Friday. However, the exotic currency was heading for its largest weekly […]
Read moreAugust 4, 2023 7:23 am
Key points Peso registers fresh 6-week low against US Dollar Philippine inflation slows in July, but still above BSP target BSP ready to tighten policy if needed The Philippine Peso registered a fresh six-week low against the US Dollar on Friday, after data showed Philippine inflation still remained above the central bank’s target. Bangko Sentral […]
Read moreAugust 3, 2023 9:22 am
Key points Rupee registers fresh 10-week low amid risk-off mood Safe haven buying, macro data boost US Dollar RBI probably sold dollars at 82.75-82.80 Rupee levels – media report India’s Rupee extended losses against the US Dollar on Thursday, while hitting a fresh 10-week low, amid a broad risk aversion stemming from the US credit […]
Read moreAugust 3, 2023 7:26 am
Key points GBP/JPY trades in tight range, not far from four-week peak of 183.248 Bank of England expected to hike rates to 15-year high of 5.25% today Market players still assessing Bank of Japan’s policy decision last week The GBP/JPY currency pair traded within a narrow range on Thursday, while holding in proximity to a […]
Read moreAugust 2, 2023 7:27 am
Key points New Zealand jobless rate at 2-year high Data may not prompt RBNZ to continue rate-hiking campaign BoJ decision last week not a prelude to exit from ultra-easy policy – Deputy Governor The New Zealand Dollar retreated over 1% against the Japanese Yen on Wednesday, after data showed New Zealand’s unemployment rate had risen […]
Read moreAugust 1, 2023 9:26 am
Key points Weaker-than-expected Chinese manufacturing data reinforce the case for economic stimulus CAD traders look to Canadian manufacturing data for clues over economic health The risk-sensitive New Zealand Dollar weakened against its Canadian counterpart on Tuesday, after a private survey showed China’s factory activity had shrunk for the first time since April in July, as […]
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