June 22, 2023 9:22 am
Key points USD/CHF seesaws after SNB policy decision, remains near 1-month trough SNB hikes rates for fifth time in a row to highest level since 2002 SNB Chairman says more work remains to be done amid inflationary pressures USD/CHF continued trading in proximity to an over 1-month trough on Thursday, after the Swiss National Bank […]
Read moreJune 22, 2023 7:25 am
Key points USD/INR still supported in the area around 81.9000 Fed Chair Powell’s testimony delivers no surprises to markets GBP/INR traders now await the outcome of BoE’s policy meeting India’s Rupee was holding gains against the US Dollar on Thursday, but its advance was restrained by a well established level of resistance around 81.90. The […]
Read moreJune 21, 2023 9:42 am
Key points GBP/USD rises immediately after UK CPI data release, then erases gains, distancing from recent 60-week peak UK Core CPI inflation accelerates in May, still well above Bank of England’s inflation target BoE expected to hike for 13th time on Thursday GBP/USD initially surged to an intraday high of 1.2802 on Wednesday after the […]
Read moreJune 21, 2023 7:39 am
Key points NZD/USD with small gains after a two-day streak of declines Fed Chair Powell to begin testimony before Congress at 14:00 GMT New Zealand’s May trade balance report expected at 22:45 GMT NZD/USD looked set to snap a two-day streak of losses on Wednesday ahead of New Zealand’s trade figures for May and Federal […]
Read moreJune 20, 2023 9:45 am
Key points USD/JPY trades not far from fresh 30-week peak of 142.251 Rising rate differentials between Japan and other developed nations mount pressure on Yen Japan Forex policy will not change after US removes country from monitoring list USD/JPY traded in proximity to a fresh 30-week high registered earlier on Tuesday, after the Bank of […]
Read moreJune 20, 2023 7:40 am
Key points AUD/USD extends pullback from Friday’s 4-month peak RBA policy makers fret over upside inflation risks, June Minutes showed China disappoints with smaller LPR cut AUD/USD extended losses from the prior trading day on Tuesday, retreating almost 0.6%, after the Reserve Bank of Australia noted in its June policy meeting minutes that the decision […]
Read moreJune 19, 2023 9:35 am
Key points GBP/USD trades in proximity to Friday’s 60-week peak UK CPI numbers for May, Bank of England’s policy meeting outcome in focus Dollar eyes Fed Chair Powell’s testimony GBP/USD was mostly steady on Monday, being not far from recent 60-week peak, as market players were expecting congressional testimonies by Fed Chair Jerome Powell later […]
Read moreJune 19, 2023 7:24 am
Key points USD/INR trades just above a five-week low Rupee tracks weakness in other Asian currencies Markets await key congressional testimonies by Fed Chair Jerome Powell for rate path clues USD/INR edged higher on Monday, with the rupee tracking a drop in other Asian currencies, while market players were on the lookout for clues regarding […]
Read moreJune 16, 2023 9:32 am
Key points EUR/USD trades in proximity to 1-month peak European Central Bank delivers 8th consecutive rate hike, deposit facility rate at 22-year high ECB flags more policy tightening to bring inflation back down to 2% target US Dollar Index gains restrained after soft US data string EUR/USD scaled a fresh one-month peak on Friday, after […]
Read moreJune 16, 2023 7:23 am
Key points USD/JPY trades within area near recent 29-week peak of 141.504 The Bank of Japan keeps short-term interest rate intact at -0.10%, maintains 0% cap on 10-year bond yields BoJ move in sharp contrast to ECB policy decision US Dollar gains limited after soft US economic data USD/JPY gained ground decisively on Friday, while […]
Read more