June 29, 2023 9:26 am
Key points USD/ZAR encounters resistance near last Friday’s two-week high Dollar firm as Fed Chair Powell says two more rate hikes likely ZAR traders await South Africa PPI data The South African Rand was a notch weaker against the US Dollar on Thursday, as market players looked to South African PPI report later in the […]
Read moreJune 29, 2023 7:47 am
Key points NZD/USD trades in proximity to fresh three-week low Fed Chair Powell says two more rate hikes likely this year New Zealand businesses “cautiously optimistic” – ANZ survey New Zealand’s Dollar largely shrugged off an ANZ Bank survey that showed business confidence in New Zealand had improved in June, while reaching its highest level […]
Read moreJune 28, 2023 9:43 am
Key points AUD/JPY trades near two-week low Australian CPI data boosts the case for RBA rate pause Japan may intervene in the market to prop up Yen BoJ Governor Kazuo Ueda to speak at ECB Forum in Sintra, Portugal AUD/JPY hovered above a fresh two-week low on Wednesday after a sudden slowdown in Australia’s inflation […]
Read moreJune 28, 2023 7:44 am
Key points EUR/JPY trades at levels last seen in September 2008 USD/JPY near 7-month peak Japan may intervene in the market to prop up Yen Central bank chiefs to speak at ECB Forum in Sintra, Portugal The Japanese Yen traded in proximity to a fresh 15-year trough against the Euro on Wednesday, since Japanese authorities […]
Read moreJune 27, 2023 9:35 am
Key points USD/CAD trades near fresh 41-week low of 1.3117 Loonie traders look to Canadian CPI data for May US data string eyed for clues on future policy tightening Oil price surge additionally supports Canadian Dollar USD/CAD was hovering above a fresh 41-week trough on Tuesday, as market players eyed incoming US and Canadian macro […]
Read moreJune 27, 2023 7:21 am
Key points Rupee gains but upside still limited by well defined resistance area Yuan gains as China’s state-owned banks sell dollars in the offshore spot Forex market Rupee’s low implied volatility benefits options sellers India’s Rupee firmed against the US Dollar on Tuesday, as Asian currencies recovered driven by China’s Yuan on indications China’s central […]
Read moreJune 26, 2023 9:48 am
Key points USD/ZAR trades below Friday’s two-week peak Investors watching for potential ripple effects of the short-lived mutiny in Russia ZAR traders await key South Africa data The South African Rand strengthened against the US Dollar on Monday, with the USD/ZAR pair distancing from recent two-week peak, as market players were on watch for ripple […]
Read moreJune 26, 2023 7:27 am
Key points USD/RUB trades near highest level since April 2022 Wagner group mercenaries return to bases after short-lived mutiny, leader Prigozhin to move to Belarus Developments revive old fear over Russia’s nuclear arsenal security USD/RUB traded in proximity to a fresh 64-week peak on Monday in response to an aborted mutiny by Russian mercenaries led […]
Read moreJune 23, 2023 9:40 am
Key points USD/JPY trades near fresh 32-week peak of 143.450 Flight to safety after hawkish central bank moves boosts US Dollar Japan’s core inflation slows at a lesser pace than anticipated in May Japan’s inflation still above BoJ target, challenging the central bank’s ultra-easy stance USD/JPY held close to a fresh 7 1/2-month high on […]
Read moreJune 23, 2023 7:38 am
Key points GBP/USD heads for first loss in four weeks, further distancing from recent 60-week high Hawkish central bank moves bring forth growth concerns, boosting US Dollar Fed Chair Powell says interest rates will be moved at a “careful pace” The Sterling did not manage to maintain gains after the Bank of England’s policy decision […]
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