July 24, 2023 10:04 am
Key points USD/ZAR rebounds from recent 3 1/2-month trough Fed, ECB rate decisions in focus ZAR traders await South Africa PPI data The South African Rand extended a pullback from last week’s 3 1/2-month high against the US Dollar on Monday, as investor focus sets on major central bank policy decisions later in the week. […]
Read moreJuly 24, 2023 8:06 am
Key points EUR/JPY trades near levels last seen in September 2008 Bank of Japan’s YCC decision will be closely watched ECB expected to hike by 25 bps, focus on signals around September meeting EUR/JPY traded not far from Friday’s 179-month high at the start of a week featuring a slew of central bank policy meetings, […]
Read moreJuly 21, 2023 7:58 am
Key points GBP/CAD rebounds from two-week trough UK retail sales growth adds to case for more BoE rate hikes Canada retail sales data now in focus The British Pound firmed against the Canadian Dollar on Friday, looking to snap a four-day streak of losses, after UK retail sales grew more than expected in June despite […]
Read moreJuly 20, 2023 9:18 am
Key points USD/ZAR falls to fresh 15-week trough South Africa inflation slows to 19-month low of 5.4% in June SARB expected to keep main rate intact at 8.25% later today The South African Rand advanced to a fresh 15-week high against the US Dollar on Thursday ahead of a rate decision by the South African […]
Read moreJuly 20, 2023 7:31 am
Key points AUD/JPY at 1-week highs Robust employment growth in June puts more pressure on RBA to continue rate hikes China leaves benchmark lending rates unchanged Japan records first trade surplus in June after 22 months of shortfalls The Australian Dollar surged over 0.5% against the Japanese Yen on Thursday, after Australian jobs data for […]
Read moreJuly 19, 2023 10:56 am
Key points Slower CPI deceleration in New Zealand underpins kiwi dollar, RBNZ rate cut prospects pushed further into future Australian employment data now in focus, to provide clues over RBA rate outlook The New Zealand Dollar was holding gains against its Australian counterpart on Wednesday, after the latest New Zealand CPI inflation report pushed investor […]
Read moreJuly 19, 2023 8:44 am
Key points Rupee edges down with Chinese Yuan as China recovery concerns weigh Equity inflows may cap Rupee losses India’s Rupee was a notch weaker against the US Dollar on Wednesday amid a Yuan-driven retreat in Asian currencies. The offshore Yuan was looking at a fourth straight day of losses against the US Dollar, undermined […]
Read moreJuly 18, 2023 9:23 am
Key points NZD/JPY retreats for a second day, trades near 1-month trough New Zealand Q2 CPI inflation figures eyed for rate outlook clues Bank of Japan meeting also on traders’ radar The New Zealand Dollar extended losses against the Japanese Yen on Tuesday, as market players awaited New Zealand’s quarterly CPI inflation report due out […]
Read moreJuly 18, 2023 7:27 am
Key points AUD/CAD slightly stronger, not far from recent 1-month high of 0.9056 RBA minutes reveal case for further policy tightening Canada CPI inflation data now eyed The Australian Dollar was slightly firmer against its Canadian counterpart on Tuesday, after the minutes of the Reserve Bank of Australia’s latest policy meeting did not offer any […]
Read moreJuly 17, 2023 9:28 am
Key points USD/ZAR extends last week’s losses, hovers above 14-week trough South Africa CPI data for June in focus SARB expected to keep main rate intact at 8.25% in July The South African Rand edged up against the US Dollar on Monday, looking to extend the prior week’s gains, ahead of South African CPI inflation […]
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