April 18, 2023 9:02 am
AUD/USD rose half a percentage point on Tuesday, following hawkish RBA minutes and data showing China’s economic recovery gained momentum during the first quarter. The Reserve Bank of Australia may tighten monetary policy further, the minutes of its most recent meeting showed, since the purpose of pausing rate hikes this month was to allow time […]
Read moreApril 11, 2023 6:56 am
After a 1% surge on Monday triggered by the latest US employment data, which added to the case for a Fed rate hike in May, USD/JPY eased on Tuesday with US 10-year Treasury yields. Futures markets are now pricing in a 71% chance of the Federal Reserve raising interest rates by another 25 basis points […]
Read moreApril 4, 2023 8:55 am
AUD/USD retreated from a 1 1/2-month high on Tuesday, as the Reserve Bank of Australia held borrowing costs steady after delivering 10 consecutive rate hikes. The RBA left its cash rate without change at 3.60% at its April policy meeting earlier on Tuesday, in line with market expectations. This marked the first pause in the […]
Read moreMarch 28, 2023 9:30 am
USD/JPY edged lower on Tuesday, as concerns over a full-blown banking crisis seemed to have diminished, curbing safe haven demand. The Japanese Yen firmed strongly, driven mostly by flows associated with the end of Japan’s fiscal year on Friday. According to Kristina Clifton, analyst at Commonwealth Bank of Australia, Japanese banks may seek USD funding […]
Read moreMarch 21, 2023 10:05 am
AUD/USD came off recent two-week high on Tuesday, after the minutes of the Reserve Bank of Australia’s latest policy meeting showed the central bank would reconsider the case for a pause next month to reassess macroeconomic conditions. RBA policy makers said monetary policy in Australia was already in restrictive territory amid an uncertain economic outlook […]
Read moreMarch 14, 2023 10:45 am
EUR/USD traded not far from fresh one-month highs on Tuesday, as concerns over a larger systemic crisis in the wake of the collapse of Silicon Valley Bank (SVB) and Signature Bank triggered speculation that the Fed could pause its rate-hiking cycle. The abrupt collapse of startup-focused Silicon Valley Bank, the largest bank failure in the […]
Read moreMarch 7, 2023 9:28 am
AUD/USD registered a fresh 2 1/2-month low on Tuesday, after the Reserve Bank of Australia suggested it might be almost done with policy tightening as consumer spending was slowing and there was lower risk of a wages-driven inflation blow-out. The RBA raised its cash rate by 25 basis points to 3.60% at its March policy […]
Read moreMarch 2, 2023 9:15 am
Having gained 0.9% on Wednesday after a surprise inflation acceleration in Germany mounted more pressure on the European Central Bank to raise interest rates, EUR/USD weakened on Thursday, as the greenback drew support from a surge in US Treasury yields. Investors are now expecting the preliminary CPI inflation data for the Euro Area as a […]
Read moreFebruary 21, 2023 9:56 am
EUR/USD remained a notch weaker on Tuesday following a slew of key macro data from the Euro Area, while the greenback was firm ahead of US data set, due out later in the day, which could provide clues over future interest rates. Preliminary figures by Markit showed earlier on Tuesday that German manufacturing sector activity […]
Read moreFebruary 14, 2023 9:56 am
USD/JPY edged lower on Tuesday after Kazuo Ueda’s surprise nomination to be the next Bank of Japan governor, while market players were expecting the key US CPI inflation data for more hints on the Federal Reserve’s policy outlook. The Japanese government nominated Kazuo Ueda, a former BoJ policy board member and an academic at Kyoritsu […]
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