NZD / USD registers a modest bounce from multi-month lows amid a modest USD retracement. Risk appetite drives USD profit taking and benefits the higher perceived risk NZD. Any significant rally seems elusive, warranting caution on aggressive bulls. The pair NZD / USD has risen near the daily highs, around the 0.6980-85 region, during Thursday’s […]
Tag: Foreign exchange
SNB leaves the monetary policy rate unchanged at -0.75%, as expected
The SNB leaves monetary policy rates unchanged at -0.75% in its quarterly policy review on Thursday. The decision does little to sway the Swiss franc or give USD / CHF a boost. The Swiss National Bank (SNB) announced its latest monetary policy decision this Thursday and has left its demand deposit interest rate unchanged at […]
USD / JPY rises to new weekly highs and looks for a move above the 109.00 level
USD / JPY gains traction for the second day in a row on Wednesday. The optimistic US economic outlook continues to support the dollar. Positive risk sentiment weighs on the safe-haven JPY and supports the pair’s upward move. The pair USD / JPY has risen to new weekly highs at the start of the European […]
EUR / USD risks further decline – UOB
In the opinion of the currency strategists at UOB Group, EUR / USD is now poised to extend the pullback In the next weeks. Key Comments: 24 hour view: “Our expectation of the EUR ‘falling further towards 1.1800’ did not fully materialize as it fell to 1.1807 before closing at 1.1812 (- 0.31%). While the […]
GBP / USD declines returning below 1.3700 while the dollar remains bullish
GBP / USD continues to fall victim to the widespread strength of the US dollar and has recently fallen below 1.3700 again. GBP underperformed in the G10 on Wednesday, perhaps due to soft CPI data. The US dollar continues to rise and this is putting pressure on the GBP/USD. The pair continues to trade within […]
USD / JPY fails to break above 109.00, appears to post modest daily gains
USD / JPY remains on track to end the day in positive territory. The US Dollar Index is stable around 92.50 on Wednesday. 10-Year US Treasury Yield Erases Early Recovery Gains After spending most of the day in a relatively tight range, the pair USD/JPY it gained traction early in the US session and hit […]
AUD / USD struggles to gain momentum, continues to fluctuate above 0.7600
AUD / USD is still on track to close the day with little change. The US Dollar Index clings to daily gains around 92.50. RBA’s Debelle says a rate hike is unlikely until 2024. The pair AUD/USD It fell to its lowest level in more than a month at 0.7584 on Wednesday, but managed to […]
NZD / USD moves away from lows but still struggling to regain key 0.7000 level
The NZD / USD has rebounded from lows at 0.6950, but is struggling to regain the 0.7000 level amid a buoyant dollar. The pair continues to feel the weight of this week’s housing announcement from the New Zealand government. The NZD / USD It is far from the lows of 0.6950, but continues to struggle […]
USD / CAD falls further below 1.2550 as WTI rises above $ 60
Higher stock and crude oil prices boost the loonie. USD / CAD extends the correction from weekly highs below 1.2550. The USD / CAD it is trading at daily lows near 1.2540. It fell further during the US session due to an improvement in risk sentiment and rising crude prices. Earlier on Wednesday, USD / […]
USD / TRY turns negative, descends from highs near 8.0500
USD / TRY returns to levels below 8.0000 after previous highs. The pair reached daily highs near 8.05, but then fell back. The sell-off of the lira shows no signs of improving so far. The Turkish lira now finds a breather and advances moderately against the dollar, pushing the USD/TRY back to the 7.9000 region […]
