August 2, 2022 9:09 am
AUD/USD retreated sharply from recent 1 1/2-month peak on Tuesday, as market players trimmed bets on how far and how fast interest rates in Australia would ultimately rise. The Reserve Bank of Australia (RBA) raised its cash rate by 50 basis points to 1.85% at its policy meeting earlier today, in line with expectations, while […]
Read moreAugust 1, 2022 9:04 am
USD/JPY registered a fresh six-week trough on Monday, as market players continued betting on less aggressive policy tightening by the Federal Reserve amid risks of recession. “U.S. interest rate expectations appear to have peaked (for now) in June,” Jefferies strategists wrote in a research note, cited by Reuters. “On all our measures, the dollar appears […]
Read moreJuly 26, 2022 8:33 am
Having touched a two-week low last Friday, USD/JPY remained mostly flat in early European session on Tuesday, as markets awaited another interest rate hike from the Federal Reserve tomorrow. Futures data hints at a 75 basis point rate hike and a 10% risk of a 100 basis point move. Market players have also been trying […]
Read moreJuly 25, 2022 9:27 am
Having advanced to a two-week peak last week after the European Central Bank’s first rate hike since 2011, EUR/USD was again under pressure on Monday, as global recession concerns kept the safe haven US Dollar supported. Federal Reserve officials have indicated a 75 basis point rate hike at the central bank’s policy meeting this week, […]
Read moreJuly 19, 2022 8:57 am
AUD/USD advanced for a third straight trading day on Tuesday, rebounding from last week’s 25 1/2-month low, after the Minutes of the Reserve Bank of Australia’s July policy meeting showed interest rates in the country were still too low for an economy with a tight labor market and facing a period of high inflation. RBA […]
Read moreJuly 18, 2022 9:10 am
NZD/USD extended a rebound from a 26-month trough on Monday, after New Zealand’s CPI inflation reached a three-decade peak, while exceeding market expectations and adding to the possibility of a huge interest rate hike from the Reserve Bank of New Zealand. The country’s annual consumer price inflation was reported at 7.3% in the second quarter, […]
Read moreJuly 12, 2022 8:33 am
The common currency extended losses against the US Dollar on Tuesday and came another step closer to parity due to concerns an EU energy crisis could drive local economies towards recession. At the same time, the greenback continued to be underpinned by expectations of more aggressive interest rate hikes by the Federal Reserve compared to […]
Read moreJuly 11, 2022 8:55 am
Safe-haven flows stemming from global growth concerns drove the US Dollar to a fresh 20-year peak against its major peers last Friday, while the US currency traded within striking distance from that level on Monday. The Dollar Index was gaining 0.65% on the day to 107.593, after climbing as high as 107.786 on Friday – […]
Read moreJuly 5, 2022 9:21 am
AUD/USD remained pressured near the two-year low from last week even after the Reserve Bank of Australia raised interest rates for a third consecutive month at its policy meeting earlier on Tuesday and signaled further tightening ahead in an attempt to bring surging inflation back under control. The RBA raised its cash rate by 50 […]
Read moreJuly 4, 2022 9:00 am
The US Dollar remained firm and risk-sensitive currencies were under pressure and in proximity to multi-year lows on Monday, as investors sought the relative safety of haven assets amid concerns over slowing global economic growth. Trade volumes are likely to remain thin on Monday due to the Independence Day holiday in the United States. The […]
Read more