July 17, 2023 7:16 am
Key points USD/INR falls after a 0.7% rally last week US Treasury yields surge on higher one-year inflation expectations China GDP growth well below market consensus India’s Rupee began the new week on the back foot against the US Dollar, following a 0.68% rally in the prior week, as US bond yields rose and weak […]
Read moreJuly 14, 2023 7:43 am
Key points AUD/USD near fresh 1-month peak, set for best week since November Easing US inflation bolsters investor bets that US interest rates may soon peak Aussie shows little reaction to Michele Bullock’s appointment as RBA Governor The Australian Dollar was holding gains against its US counterpart on Friday and looked set to register its […]
Read moreJuly 13, 2023 9:20 am
Key points USD/ZAR retreats for 5th day, hovers above 12-week trough South Africa mining data for May awaited for clues over economic health The South African Rand advanced for a fifth straight trading day on Thursday against the US Dollar, reaching a 12-week peak, ahead of South Africa mining production data release. Yesterday the South […]
Read moreJuly 13, 2023 7:24 am
Key points USD/CHF just above lows last seen in January 2015 US headline, core CPI inflation slows to levels unseen since 2021 US inflation data prints add to expectations of Fed rate peak in July USD/CHF registered a fresh 8 1/2-year low on Thursday, after market players considered a surprisingly slow US CPI inflation as […]
Read moreJuly 12, 2023 9:53 am
Key points USD/INR extends losses, but may find support within 82.20-82.30 area US, India CPI inflation figures eyed for clues over monetary policy India’s Rupee extended gains from early this week against the US Dollar ahead of US and India CPI inflation figures, but upside was seen as limited. The Rupee has reached a resistance […]
Read moreJuly 12, 2023 7:56 am
Key points NZD/USD trades not far from 1-month peak RBNZ holds interest rates in July after 12 successive hikes US CPI inflation report in focus The New Zealand Dollar touched a fresh one-month high against its US counterpart on Wednesday, after the Reserve Bank of New Zealand left the official cash rate without change at […]
Read moreJuly 11, 2023 9:27 am
Key points GBP/AUD at levels not seen since May 2020 Robust wage growth in UK puts more pressure on BoE to keep raising rates NAB business confidence index improves in June The British Pound rose to a fresh 38-month high against the Australian Dollar on Tuesday, as higher-than-expected wage growth in the UK mounted more […]
Read moreJuly 11, 2023 7:35 am
Key points USD/ZAR pulls back from Friday’s 1-month high South Africa manufacturing and mining data for May awaited for clues over economy The South African Rand extended a pullback from last week’s 1-month low on Tuesday ahead of South African manufacturing production figures that could provide further clues over the nation’s economic health. Meanwhile, the […]
Read moreJuly 10, 2023 9:35 am
Key points AUD/USD reverses a 1% gain from last Friday Disappointing CPI and PPI data from China hints at need for more government support Aussie reacts as China is Australia’s top trading partner The Australian Dollar, a liquid proxy for China’s Yuan, retreated more than 0.5% against its US counterpart on Monday, after data showed […]
Read moreJuly 10, 2023 7:35 am
Key points USD/INR comes off a six-week high it registered last Thursday June NFP growth, though slower than expected, does not affect Fed hike prospects US, India CPI inflation figures in focus India’s Rupee was mostly steady against the US Dollar on Monday, following a 0.2% gain last Friday on the back of smaller-than-expected Non-Farm […]
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