USD/CHF falls to new low in months on renewed dollar weakness. Diminishing odds of an aggressive Fed continue to weigh on the dollar. The USD/CHF pair falls for the fourth day in a row and hit a four-month low during the European session. Price shows resilience around 0.9400 and cut losses but unable to break […]
Tag: RiskAppetite
USD/JPY falls below 132.50
USD/JPY moves lower for the second day in a row on Thursday amid fresh dollar selling. Diminishing odds of a further Fed rate hike in September continue to weigh on the dollar. The divergence between the monetary policies of the Fed and the Bank of Japan and risk appetite could weigh on the safe-haven JPY. […]
GBP/USD rises to 1.2230 area amid renewed USD selling bias
GBP/USD attracts buying at the 1.2180 area amid fresh selling around the USD on Thursday. Diminishing odds of a further Fed rate hike in September and risk appetite weigh on the USD. The bulls might wait for some continuation buying before positioning themselves for a further move higher. The pair GBP/USD recovers almost 50 pips […]
AUD/USD approaches 0.7100, focus on Wednesday’s two-month high
AUD/USD attracts some buying on Thursday and is back towards the 0.7100 level. Risk appetite weighs on the safe-haven dollar and benefits the risk-sensitive Aussie. Recession fears and aggressive comments from Fed officials the day before could limit USD losses. A sustained move above the 0.7100 level is needed to support the prospects for further […]
Fed: We don’t want to declare victory over lower inflation – Mary Daly
“Mary Daly, President of the San Francisco Fed, did not rule out a third consecutive interest rate hike of 0.75 percentage point at the central bank’s next policy meeting in September, though signaled initial support for the Fed slowing the pace of its interest rate hikes“, says the Financial Times (FT) with the latest interview […]
Forex Today – Asian Session: The dollar collapses on the decline in inflation
What to watch for on Thursday, August 11: The USD slumped on the back of US inflation figures, ending the day lower against major rivals. The consumer price index for July contracted more than expected, falling to 8.5% year-on-year from 9.1% in June. Most importantly, the core reading held steady at 5.9%, better than the […]
AUD/USD hangs on to gains after US CPI, trades above 0.7050
AUD/USD gets aggressive bids amid broad dollar sell off by US CPI. Weaker data shatters expectations of a further Fed rate hike and weighs on the dollar. The risk appetite boost further undermines the dollar and benefits the risk-sensitive Aussie. The pair AUD/USD rises to its highest level since June 16 in reaction to softer […]
USD/CHF bounces back after hitting one-week lows at 0.9515 area
USD/CHF falls for the second day in a row and hits one-week lows. Market with limited ranges awaiting the US inflation data on Wednesday. The USD/CHF extended the decline to the 0.9515 zone reaching the lowest level in a week. After this it bounced back cutting losses and climbed to 0.9540. The dollar managed to […]
AUD/USD jumps to 0.7000 zone, trades on multi-day highs
AUD/USD gains strong positive traction on Monday and is supported by a combination of factors. Falling US bond yields undercut the dollar and offer support to the aussie amid boosting risk appetite. Aggressive Fed expectations could limit dollar losses ahead of Wednesday’s US CPI report. The pair AUD/USD it hits a four-day high during the […]
AUD/USD bounces back above 0.6950, upside seems limited
AUD/USD attracts fresh buying on Monday and recovers from a more than two-week low. A positive risk tone offers support to the risk-sensitive AUD amid a modest decline in the USD. Recession fears, US-China tensions and Fed expectations could limit dollar losses. The pair AUD/USD extends Friday’s late bounce from 0.6870 zone, 2-week low, and […]
