USD / JPY gains some traction after the BoJ lowered its growth forecast for the current fiscal year. The rally in US bond yields supports the USD and continues to support the pair’s modest rally. Nervousness over COVID-19 continues to lend some support to the safe-haven JPY and limits the pair’s rally. The pair USD/JPY […]
Tag: Bonds
USD / JPY falls to new weekly lows around the 109.70 region
A combination of factors dragged USD / JPY lower for the second day in a row. Nervousness over COVID-19 benefits the safe haven JPY and puts some pressure on the pair. The pullback in US bond yields keeps USD bulls on the defensive. The pair USD/JPY has continued to lose ground during the first half […]
Members discussed reducing bond purchases at the June meeting
The European Central Bank (ECB) released the minutes of its June monetary policy meeting on Friday, with the main highlights below, as reported by Reuters. They expressed concerns that a sustained rate hike could translate into tighter financial conditions more spacious. It was reiterated that preservation of favorable financial conditions during the pandemic period it […]
USD / JPY rises above 110.00 as US Treasury yields recover.
USD / JPY recovers above the 110.00 level at the start of the European session. 10-year US Treasury yields rebound from levels below 1.30% and are up more than 3% on the day. The US dollar DXY index remains firm and towards the 92.50 level. After moving lower during the Asian session on Friday, fluctuating […]
Lowe says a step back from bond buying does not represent a withdrawal of support
“A step back from buying bonds does not represent a withdrawal of support from the Reserve Bank of Australia (RBA), “Central Bank Governor Phillip Lowe said while speaking on the labor market and monetary policy at a webinar organized by the Economic Society of Australia on Thursday. Additional comments “The condition for the rate increase […]
AUD / USD recovers from yearly lows, jumps to 0.7500 after NFP report
AUD / USD saw a positive rally from multi-month lows following the release of the NFP report. An unexpected spike in the unemployment rate disappointed investors and weighed on the USD. The continued decline in US bond yields further undermined the dollar and continued to act as supportive. The pair AUD/USD it updated daily highs […]
USD / JPY sits near the 15-month highs, just below 111.50 ahead of US data.
A combination of factors helped the USD / JPY gain traction for the second day in a row. Optimistic expectations from the Fed and the recovery in US bond yields continued to support the move. Risk appetite undermined the safe-haven JPY and provided additional boost. The pair USD/JPY it shot to fresh 15-month highs, around […]
USD / CAD trades with modest gains, around 1.2400
USD / CAD is hovering in a range around 1.2400 on Thursday, sideways. Rising oil propped up the loonie. The dollar remains relatively strong, helping to limit downward corrections. The USD / CAD extended the short-term consolidation tone around 1.2400. It peaked at 1.2415 and lowered at 1.2385, and remains in between these extremes, biased […]
USD / CHF clings to gains above 0.9200 amid notable USD strength
A broad-based USD strength helped USD / CHF gain traction for the second day in a row. Concerns about the tightening of the Fed, a strong recovery in US bond yields continued to prop up the USD. The strong opening in the US equity markets weighed on the safe haven CHF. The pair USD/CHF it […]
USD / CHF clings to gains near 0.9200, awaiting Powell’s testimony
USD / CHF regained positive traction on Tuesday and gradually retreated closer to the two-month highs. The Fed’s aggressive turn, a rally in US bond yields, continued to prop up the USD. A generally positive risk tone undermined the safe-haven CHF and continued to act supportive. The pair USD/CHF it maintained its modest intraday gains […]
