EUR / USD did not show much of a reaction to the recently released FOMC Minutes and continues to trade just above 1.1900. The Minutes showed that the Fed maintains optionality with respect to adjustments to its QE program, which may reinforce expectations for action in December. The EUR/USD it continues to trade not far […]
Tag: Foreign exchange
AUD / USD cuts losses and returns to the 0.7360 area
AUD / USD is moving sideways around 0.7350, consolidating at 12-week highs. The Aussie rally loses steam as risk appetite wanes. The Australian dollar looks set to break 0.7400 – UOB. The Australian dollar’s pullback from intraday highs of 0.7375 seen in early trading on Wednesday has been contained at 0.7325, before rebounding to the […]
USD / CAD falls below 1.3000 ahead of FOMC Minutes
USD / CAD lost traction after rebounding to 1.3030. The US dollar index fell below 92.00 after the release of mixed macroeconomic data. WTI is trading at new multi-month highs near $ 46. The pair USD / CAD it rose to 1.3030 early in the US session, but lost its traction due to renewed USD […]
NZD / USD returns above 0.7000 and hits new multi-year highs
The NZD is one of the best performing G10 currencies on Wednesday, with the NZD / USD crossing back above 0.7000 amid a weakening of the USD. End-of-month flows are likely to be a factor helping the NZD, as are recent suggestions for the RBNZ to include house price inflation in its inflation scope. The […]
GBP / USD recovers towards 1.3400 and ignores pessimistic news on Brexit
GBP / USD has rallied in recent trading as the London correction approaches, despite the lack of progress in Brexit talks. The pair has risen to new highs for the day above 1.3380 and is targeting a test of 1.3400. GBP / USD awaits retest of multi-month highs With GBP / USD rebounding above 1.3380 […]
USD / ZAR bounces away from 9-month lows near 15.10
USD / ZAR falls further and is approaching 15.00. South Africa’s CPI rose 0.3% month-on-month in October. The global stimulus continues to support the ZAR and other emerging market currencies. The South African rand spreads its monthly gains and drags the USD / ZAR to new 9-month lows around 3pm on Wednesday. USD / ZAR […]
EUR / USD rises slightly after US data, remains in the 1.1900 zone
EUR / USD rises slightly after US data, remains in the 1.1900 zone EUR / USD bounces after falling to 1.1880, remains in zone of recent highs. US data not helping the dollar, Wall Street negative. The EUR / USD rose to 1.1915 following the release of several US economic reports, approaching the Asian session […]
USD / MXN bounces after failing to break 20.00
The Mexican peso maintains a trend in favor of the dollar, but loses strength in the short term. USD / MXN remains close to 20.00 and with the bearish bias dominating. USD / MXN is rising modestly on Wednesday and operates around 20.06, after having fallen hours ago to 19.95. Once again, the Mexican peso […]
USD / CHF struggles near 0.9100, awaiting Fed Minutes
USD / CHF encountered new offers at higher levels and was affected by a combination of factors. The revival in safe-haven demand benefited the CHF and put some pressure amid sustained USD sales. The USD remained depressed after the mixed US data, as the focus now shifts to the minutes of the FOMC meetings. It […]
AUD / USD remains stuck in a range close to 0.7350 after the first batch of US data.
AUD / USD continues to trade lower early in the US session. Investors largely ignore the US mixed macroeconomic data releases. The US dollar index is struggling to rebound. The pair AUD/USD It failed to break out of its daily trading range after the first batch of US data and was last seen losing 0.2% […]
