December 6, 2022 10:02 am
AUD/USD recouped part of yesterday’s losses on Tuesday, after the Reserve Bank of Australia lifted its cash rate to a decade-high and stuck with guidance of further policy tightening, while quashing any view it was nearing a hike pause. The RBA raised its cash rate by 25 basis points to 3.1% at its December policy […]
Read moreNovember 28, 2022 9:57 am
AUD/USD, a liquid proxy for risk, retreated over 0.7% on Monday, as market sentiment was roiled by protests in China against the government’s zero-COVID policy, which underpinned the safe-haven US Dollar. Following an apartment fire that led to the death of 10 people in Urumqi, the capital of China’s Xinjiang Uyghur Autonomous Region, hundreds of […]
Read moreNovember 21, 2022 10:15 am
EUR/USD hovered just above a fresh one-week low on Monday, as market sentiment was dampened by a surge in new COVID-19 infections in China and tighter restrictions in some cities there, while bolstering safe haven demand. Two deaths were reported in the capital city of Beijing on November 20th, while residents of the city’s most […]
Read moreNovember 15, 2022 9:51 am
AUD/USD scaled a fresh two-month peak on Tuesday following the release of the latest Reserve Bank of Australia’s policy meeting minutes. It showed that RBA policy makers remained open to either pause the cycle of tightening, or to go back to larger rate hikes, depending on incoming macro data. RBA Deputy Governor Michelle Bullock has […]
Read moreNovember 7, 2022 9:52 am
The Euro extends a rebound from a two-week low against the US Dollar on Monday, while moving closer to parity, as investors expect the European Central Bank will continue its policy tightening cycle to curb persistently high inflation. ECB President Lagarde said last week interest rates should keep rising, despite the higher probability of the […]
Read moreOctober 31, 2022 9:25 am
USD/JPY extended a rebound from recent three-week lows on Monday, as the US Dollar firmed on cooling investor bets that the Federal Reserve could indicate a slowdown in its aggressive monetary policy tightening cycle. “Markets have been kind of expecting a Fed pivot on monetary policy. I think that is too premature, given how resilient […]
Read moreOctober 27, 2022 8:53 am
EUR/USD was trading near a fresh six-week high on Thursday ahead of the ECB policy meeting later in the day, while the US Dollar weakened amid rising hopes the Federal Reserve will implement less aggressive policy tightening to temper recession risks. “Fundamentally, there are factors that are still favouring the U.S. dollar: rate differentials, the […]
Read moreOctober 24, 2022 8:51 am
The Japanese Yen received only a brief support against the US Dollar on Monday as a result of a suspected Bank of Japan intervention in the market. The USD/JPY pair reached an intraday high at 149.70 during the early phase of the Asian trading session, after which it plunged to 145.28 in a matter of […]
Read moreOctober 18, 2022 8:55 am
AUD/USD extended a rebound from last week’s 30-month trough on Tuesday, after Reserve Bank of Australia’s Deputy Governor Michele Bullock said the central bank would raise interest rates further during the upcoming months and it could keep up with the tightening cycle of its peers across the globe with more frequent, smaller rate increases. Meanwhile, […]
Read moreOctober 17, 2022 9:04 am
Having reached a 32-year peak of 148.86 last Friday on firm US Dollar and surging US Treasury yields, the USD/JPY pair was trading just below that level at the start of the new week. The Japanese currency remains at risk of depreciating further to the psychological level of 150, which market players believe may prompt […]
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