October 10, 2022 8:06 am
EUR/USD retreated for a fourth straight day on Monday, as rising energy prices and geopolitical tension continued weighing on the single currency, while robust US job growth and high CPI inflation forecast added to the case for higher interest rates, underpinning the greenback. Friday’s data string revealed solid growth in US Non-Farm Payrolls and an […]
Read moreOctober 5, 2022 9:19 am
NZD/USD briefly touched a fresh 1 1/2-week high on Wednesday, after the Reserve Bank of New Zealand lifted its official cash rate by 50 basis points to 3.5%, a level unseen since April 2015, at its October meeting. This has been the fifth consecutive 50 basis point hike. RBNZ policy makers considered core CPI inflation […]
Read moreOctober 4, 2022 8:52 am
The Aussie Dollar pared earlier losses against its US counterpart on Tuesday, which it recorded after the Reserve Bank of Australia surprised market players with a smaller-than-anticipated interest rate hike. The RBA raised its cash rate by 25 basis points to 2.60% at its October policy meeting earlier on Tuesday, while confounding market expectations of […]
Read moreOctober 3, 2022 8:21 am
EUR/USD came off recent one-week highs on Monday, as expectations for another sizable interest rate hike by the European Central Bank later in October reinforced concerns the Eurozone economy could enter a recessionary period. Last week, the annual CPI inflation in the Euro Area was reported to have accelerated to 10.0% in September from 9.1% […]
Read moreSeptember 28, 2022 9:11 am
EUR/USD was trading near its weakest level since June 2002 on Wednesday, as rising interest rates globally reinforced recession concerns, propelling the safe haven US Dollar to a new 20-year peak against peers. The yield on benchmark US 10-year Treasuries exceeded 4% for the first time since 2010, while 2-year yield was at 4.28%. “It’s […]
Read moreSeptember 27, 2022 9:28 am
Having touched a fresh 28-month trough on Monday, AUD/USD saw a certain rebound on Tuesday, as oversold investor positions were pared and volatility eased a bit. But since the US Dollar remained firm on expectations US interest rates will probably stay higher for a longer period, risk-sensitive currencies such as the Aussie were still experiencing […]
Read moreSeptember 20, 2022 9:10 am
AUD/USD was trading in proximity to last Friday’s 27 1/2-month low of 0.6670 on Tuesday, as the US Dollar remained strong on expectations of another aggressive interest rate hike by the Federal Reserve this week in an attempt to curb red-hot inflation. The greenback also received support from higher bond yields. The yield on US […]
Read moreSeptember 19, 2022 8:16 am
The Euro was trading mostly below parity with the US Dollar at the start of the new week, with the common currency pressured by poor economic outlook as energy woes persist. Meanwhile, the greenback stood just below September 7th more than two-decade peak of 110.79 against peers ahead of the highly anticipated FOMC policy decision. […]
Read moreSeptember 14, 2022 8:57 am
USD/JPY distanced from a 24-year peak on Wednesday, after the Nikkei website, citing unidentified sources, reported the Bank of Japan had conducted a rate check, while obviously preparing for currency intervention. A BoJ rate check, where central bank officials call up dealers and ask for the price of buying or selling Yen, is considered as […]
Read moreSeptember 12, 2022 8:38 am
EUR/USD climbed to highs not seen in more than three weeks on Monday, as European Central Bank officials added to prospects of further aggressive policy tightening. ECB policy makers said that they would need to raise the benchmark interest rate to 2% or even higher in order to curb record inflation in the Euro Area. […]
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