A combination of factors dragged USD/CAD lower for the second day in a row on Monday. Reducing bets on an aggressive Fed interest rate hike and positive risk tone weighed on the dollar. The rally in oil prices underpinned the loonie and put additional pressure on the pair. The pair USD/CAD extended last week’s sharp […]
Tag: RiskAppetite
AUD/USD hits 1-week highs and approaches 0.6850
AUD/USD gained traction for the second day in a row amid the ongoing USD corrective pullback. As the chances of the Federal Reserve raising rates more aggressively diminished, the boost in risk appetite weakened the dollar. The breakout of the downtrend channel contributed to the strong positive intraday move. Traders are now keeping an eye […]
USD/JPY dips below 138.00 amid dollar weakness, downside looks limited
USD/JPY is witnessing some selling for the second day in a row amid modest dollar weakness. The divergence between the monetary policy of the Fed and the Bank of Japan, together with a positive risk tone, weighs on the yen and limits the pair’s losses. Also, investors may refrain from opening aggressive positions ahead of […]
PBoC: China to step up ‘prudent’ monetary policy
“China’s economy faces downward pressure due to COVID-19 and external shocks, and the central bank will ‘increase the implementation of prudent monetary policy’ to support the real economyGovernor Yi Gang of the People’s Bank of China (PBoC) told Reuters over the weekend. The news adds that PBoC Governor Yi made the remarks via video conference […]
GBP/USD clings to modest gains below 1.1800, moves little after US retail sales.
GBP/USD gained some positive traction on Friday amid muted USD price action. Dollar bulls were unimpressed by the monthly US retail sales data. Weakening US bond yields and a positive risk tone undermined the dollar as a safe haven. The pair GBP/USD it maintained its modest intraday gains below the 1.1850 area during the early […]
USD/JPY holds on to modest intraday gains above 137.00, focus on US CPI.
A combination of factors help USD/JPY regain positive traction on Wednesday. The divergence between the monetary policies of the Fed and the Bank of Japan, along with the positive risk tone, weigh on the safe-haven JPY. Investors await the US CPI report for further directional momentum. The pair USD/JPY attracts new purchases on Wednesday and […]
USD/CHF: Bulls remain in control, awaiting a sustained move above 0.9800
USD/CHF gains traction for the eighth day in a row and rises to a new multi-week high. Fed expectations continue to support the USD and provide a good boost to the pair. Risk-off sentiment supports the safe-haven CHF and caps the pair’s gains. The pair USD/CHF extends its almost two-week uptrend from levels below 0.9500 […]
USD/CAD approaches 1.3000 again amid falling oil prices and USD strength
A combination of factors help USD/CAD regain positive traction on Monday. The drop in oil prices weakens the CAD and offers its support amid a stronger USD. Expectations of an aggressive Fed rate hike and a softer risk tone push the USD closer to 20-year highs. The pair USD/CAD attracted fresh buying near the 1.2940 […]
USD/CAD pulls away from highs after US and Canadian jobs data, returns around 1.3000
USD/CAD rose in reaction to the positive NFP report from the US and the mixed jobs report from Canada. The rally in oil prices underpinned the loonie and continued to act as a headwind for the pair. Sustained strength beyond the 1.3075-1.3080 barrier is needed to confirm a breakout to the upside. The pair USD/CAD […]
USD/CHF rises to a three-week high around the 0.9800 level ahead of the NFP
Sustained buying interest around the dollar pushes USD/CHF to a fresh multi-week high on Friday. Cautious market sentiment supports the safe haven CHF and caps the pair’s upside. Furthermore, investors are reluctant to open aggressive positions ahead of the release of the US NFP jobs report. The pair USD/CHF has extended its recent strong bounce […]
