July 7, 2023 9:32 am
Key points USD/ZAR at 1-month high Recent US macro data bolsters the case for more Fed tightening US employment data now eyed for clues on labor market strength The South African Rand remained pressured near recent one-month low against the US Dollar on Friday amid risk-off market mood. Yesterday the Rand plummeted 1.8% after the […]
Read moreJuly 7, 2023 7:19 am
Key points NZD/USD heads for weekly gain as traders look to RBNZ meeting US Dollar firm, US bond yields near recent peaks after data indicates resilient labor market US Non-Farm Payrolls report in focus NZD/USD was set to snap a two-day streak of losses on Friday and eyed a 0.54% weekly gain as investors bet […]
Read moreJuly 6, 2023 9:32 am
Key points USD/JPY hovers above one-week low of 143.553 Flight to safety boosts Japanese Yen FOMC June minutes hint at further policy tightening this year Japan’s Yen strengthened on Thursday, while hitting a one-week high against the US Dollar, as it was underpinned amid broad risk aversion in Asia. Usually, the Yen, along with the […]
Read moreJuly 6, 2023 7:32 am
Key points USD/INR at fresh one-month peak Latest FOMC minutes release suggests more rate hikes likely US labor market, services PMI data in focus India’s Rupee registered a fresh one-month low on Thursday on the back of a stronger US Dollar and a surge in US bond yields. Asian currencies retreated after the minutes of […]
Read moreJuly 5, 2023 7:43 am
Key points USD/INR near fresh three-week peak Demand for cash dollars and for future payments weighs on Rupee FOMC June minutes in focus India’s Rupee retreated against the US Dollar on Wednesday, pressured by strong demand for dollars from importers for immediate and future payments. “Since open, from our side, there has been a demand […]
Read moreJuly 4, 2023 8:09 am
Key points AUD/JPY recovers from earlier losses RBA skips rate hike, but says more tightening needed to rein in inflation Yen vulnerable to more weakness as investors on watch for possible Japan FX intervention AUD/JPY touched an intraday low of 96.069 on Tuesday after the Reserve Bank of Australia surprisingly kept interest rates on hold […]
Read moreJuly 3, 2023 9:33 am
Key points EUR/JPY trades at levels last seen in September 2008 USD/JPY near 8-month peak Japan may intervene in the market to bolster Yen Japan business sentiment improves in Q2, signaling steady economic recovery The Japanese Yen remained pressured near lows unseen since September 2008 against the Euro on Monday, as market players were on […]
Read moreJuly 3, 2023 7:24 am
Key points USD/INR at fresh two-month low Dollar selling, debt and equity inflows boost Rupee US ISM Manufacturing PMI data in focus India’s Rupee advanced to highs unseen since early May against the US Dollar on Monday, supported by inflows and dollar selling by foreign banks. According to a report by Reuters, citing an unnamed […]
Read moreJune 30, 2023 9:28 am
Key points USD/RUB trades near highest level since March 2022 Rouble pressured by Russia political risk fears, lack of support drivers USD firm on Fed rate hike prospects ahead of PCE data The Russian Rouble plummeted to a fresh 65-week trough against the US Dollar on Friday on lingering local political risk concerns and a […]
Read moreJune 30, 2023 7:29 am
Key points USD/INR set for 2nd week of gains, Rupee still encounters resistance below 82.0000 Latest US data adds to case for more Fed tightening US PCE data in focus USD/INR was heading for a second straight week of gains, as the Rupee was pressured by firmer dollar on expectations of further policy tightening by […]
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