According to WinThin, Global Director of Currency Strategy at BBH, The US dollar receives some support from safe-haven flows on Tuesday, amid rising diplomatic tensions in the wake of US House Speaker Nancy Pelosi’s planned visit to Taiwan. In addition, it maintains its bullish outlook for the dollar in the medium term, pending the Fed […]
Tag: RiskAppetite
NZD/USD weakens further below the 0.6300 level
NZD/USD sees fresh selling on Tuesday and breaks a four-day gain streak to hit a multi-week high. Cautious market sentiment puts pressure on the risk-sensitive NZD amid a modest USD rebound. Diminishing odds of aggressive Fed rate hikes and falling US bond yields could cap dollar gains. Investors are turning their attention to US job […]
USD/JPY near two-month lows below 131.00 level
USD/JPY continues to lose ground for the fifth day in a row and falls to an almost two-month low. The narrowing of the yield spread between the US and Japan, along with the cautious sentiment, benefits the JPY and puts pressure on the pair. A modest bounce in the USD from its lowest level since […]
USD/JPY falls towards 1.5 month low but finds support at 132.00 level for now
USD/JPY falls to a 1.5-month low and is under pressure from a combination of factors. The dollar weakens near a multi-week low amid expectations for a gradual Fed tightening path. The narrowing of the US-Japan rate spread and softer risk sentiment benefit the safe-haven Japanese yen. The USD/JPY remains under pressure for the fourth consecutive […]
USD/CHF flirts with a one-month low around the 0.9500 level
USD/CHF falls to a one-month low on Monday amid the selling bias around the dollar. Diminishing odds of more aggressive rate hikes from the Fed continue to weigh on the dollar. A softer risk tone benefits the safe-haven CHF and contributes to the pair’s modest decline. The pair USD/CHF continues its recent downward trend, observed […]
ECB: The depreciation of the euro has been one of the factors of high inflation – Luis de Guindos
“The depreciation of the euro has been one of the factors of high inflation“, said the vice-president of the European Central Bank (ECB), Luis de Guindosduring an interview with local outlet Postimees late on Thursday. Featured Comments At the ECB we do not have the exchange rate as our objective. But it is a very […]
Forex Today – Today Asian Session: Bulls Resurface All Over After Fed Decision
What to watch for on Thursday, July 28: The US dollar slumped on Wednesday following the US Federal Reserve’s monetary policy decision. The central bank complied with expectations and raised the main reference interest rate by 75 basis points. Financial markets reacted to Fed Chairman Jerome Powell’s words, which shed quite a bit of light […]
USD/CHF loses steam near multi-week lows around 0.9600
USD/CHF is seeing some selling on Wednesday amid modest dollar weakness. Encouraging US economic data fails to impress or lend support to dollar bulls. The decline appears cushioned ahead of the long-awaited FOMC decision. The pair USD/CHF dipped during the early American session and is now flirting with the daily low, around the 0.9600 round […]
GBP/USD remains above 1.2050 after US data, attention remains on FOMC
GBP/USD has gotten fresh offers on Wednesday amid the appearance of some dollar selling. The boost in risk appetite is proving to be a key factor undermining the safe-haven dollar. US Durable Goods Orders, which are positive, could not provide a significant boost. The focus remains on the FOMC policy decision, which will be released […]
USD/CAD approaches 1.2800 zone amid modest dollar weakness, attention remains on FOMC
USD/CAD is lower again on Wednesday amid the onset of fresh dollar selling. The risk appetite boost turned out to be a key factor weighing on the greenback as a haven. Falling oil prices could undermine the loonie and limit losses ahead of the FOMC. The pair USD/CAD meets a new offer on Wednesday and […]
