USD/CAD struggled to capitalize on overnight gains amid modest USD weakness. Falling US bond yields turned out to be a key factor weighing on the dollar. A softer tone around oil prices undermined the loonie and helped limit deeper losses. The pair USD/CAD remained on the defensive during the early days of the American session […]
Tag: Fed
NZD/USD rises to 0.6700 zone, two-week highs amid modest USD weakness
NZD/USD gained traction for the third day in a row and soared to a two-week high on Wednesday. Risk-on markets were seen as a key factor benefiting the perceived riskier kiwi. The pullback in US bond yields undermined the USD and continued to support the ongoing upside move. The pair NZD/USD rose further during the […]
USD/JPY modest losses below 115.50, downside looks limited
USD/JPY is moving slightly lower during the first half of the European session on Wednesday. Softer US bond yields keep bulls on the defensive and limit the pair’s upside. Risk appetite weighs on the safe-haven JPY and helps limit any significant declines. The USD/JPY remains on the defensive during the European session on Wednesday, moving […]
AUD/USD helped by strong commodity/stock prices but remains capped below 0.7150 ahead of US CPI.
AUD/USD has been pulling back but remains capped below 0.7150 and within recent ranges. Analysts have cited favorable price action in the base metals space and global equities as benefiting the Australian dollar. However, the pair is likely to remain quite dovish ahead of key US CPI data on Thursday. It’s been a fairly quiet […]
USD/CHF remained sideways below 0.9250, bulls look to US CPI on Thursday for further momentum
USD/CHF witnessed two-way price moves on Tuesday before stabilizing in neutral territory. High US bond yields acted as a tailwind for the USD and helped limit any significant decline. Signs of stability in equity markets undermined the safe-haven CHF and acted as support. The pair USD/CHF flickered between tepid gains and minor losses during the […]
AUD/USD remains on the defensive, decline looks dampened near 0.7100 level
A nice pickup in USD demand caused some selling around AUD/USD on Tuesday. Aggressive Fed expectations and elevated US bond yields continued to act as a tailwind for the USD. Signs of stability in equity markets could help limit losses for the perceived riskier Australian dollar. The pair AUD/USD it traded with a slight negative […]
USD/CAD holds on to gains near 1.2700 amid modest USD strength/retreating oil prices
USD/CAD regained positive traction on Tuesday and was supported by a combination of factors. Falling oil prices undermined the Canadian dollar and extended support amid modest USD strength. The mixed fundamental backdrop could cap any further gains ahead of the US CPI on Thursday. The pair USD/CAD it maintained its bid tone heading into the […]
AUD/USD recovers from initial drop to 0.7100 area, upside looks limited
AUD/USD attracts buying near 0.7100 on Tuesday, although it lacks a continuation. The recovery in risk sentiment is seen as a key factor benefiting the higher perceived risk AUD. A further rise in US bond yields benefits the USD and could limit any significant gains in the pair. The AUD/USD moves slightly higher during the […]
USD/CAD maintains modest intraday gains, lacks continuation above 1.2700
USD/CAD regains positive traction on Tuesday and recoups some of the previous day’s losses. Rising US bond yields help revive demand for the USD and offer support to the pair. Oil prices consolidate below a seven-year high, doing little to weigh on the CAD. The USD/CAD moves with a positive bias during the European session […]
AUD, NZD to face headwinds from Fed aggressiveness and risk sentiment – ​​Goldman Sachs
Analysts at Goldman Sachs have revised down their forecasts for the Australian dollar and the New Zealand dollar in your last note to your clients. Featured Comments “Last week, we placed our AUD and NZD forecasts under review, as Australian labor market and inflation data surprised to the upside and our economists advanced their forecasts […]
