What Traders Should Watch as EUR/USD and Silver Surge Amid Weak US Dollar
Facebook LinkedIn EUR/USD Hits Yearly High, Silver Reaches 5-Month Peak Amid Weakening US Dollar The EUR/USD currency pair reached a yearly high of 1.1215 before retreating by around 80 pips, driven by stronger-than-expected US home sales data. Similarly, XAG/USD benefited from the weaker dollar, hitting a 5-month peak at $32.50. Fundamental Analysis As we approach […]
U.S. Dollar Holds Steady After Rally as Traders Focus on Fed’s Next Move
Facebook LinkedIn Dollar Holds Steady After Strong Rally as Traders Await Fed Policy Clues The U.S. dollar remained firm on Thursday, following its strongest rally since early June. Traders are closely watching upcoming speeches from Federal Reserve policymakers for insights into the pace of future interest rate cuts. Dollar Rebounds Amid Uncertainty Over U.S. Rate […]
Australian and New Zealand Dollars Hit Multi-Month Highs as China’s Stimulus Boosts Risk Appetite
Facebook LinkedIn The Australian dollar (AUD) and New Zealand dollar (NZD) surged to multi-month peaks on Wednesday, driven by China’s aggressive stimulus package, which has fueled investor risk appetite. Meanwhile, the Chinese yuan (CNY) also hit its strongest level in over a year, as markets reacted positively to the latest economic support measures from China. […]
Asian Currencies Hold Steady as Traders Eye Federal Reserve and U.S. Inflation Data
Facebook LinkedIn Asian Currencies Hold Steady as Traders Eye Federal Reserve and U.S. Inflation Data On Monday, most Asian currencies traded within a narrow range, while the U.S. dollar stabilized following recent losses. Market participants are now looking ahead to key signals from the Federal Reserve and upcoming U.S. inflation data. Australian Dollar Gains Ahead […]
How Recent Central Bank Decisions Are Shaping Asian Currency Trends
Facebook LinkedIn Most Asian currencies strengthened on Friday, while the U.S. dollar faced losses following a significant rate cut by the Federal Reserve, marking the beginning of an easing cycle. Japanese Yen Gains as BOJ Holds Rates and Signals Inflation Rise The Japanese yen was among the strongest performers, with the USD/JPY pair dropping 0.2% […]
Asian Currencies Struggle as Dollar Strengthens After Fed Rate Cut
Facebook LinkedIn On Thursday, most Asian currencies traded in a flat-to-low range, weighed down by a sharp rise in the U.S. dollar following a significant interest rate cut by the Federal Reserve. Despite the cut, the Fed signaled a less dovish stance on future rate decisions, which pressured currencies across Asia. Japanese Yen Among the […]
US Economy in Decline? Exploring Recession Signals and Investor Strategies
Facebook LinkedIn Economist Steve Hanke, a professor of applied economics at Johns Hopkins University, has raised concerns about the Federal Reserve’s delayed action in cutting interest rates, signaling a potential economic downturn for the US. He pointed out that the US money supply has been shrinking since July 2022, an occurrence that has historically led […]
U.S. Dollar Weakens Ahead of Fed Rate Cut, Impacting Global Currency Markets in 2024.
Facebook LinkedIn Dollar Trades Near 2024 Lows Ahead of Expected U.S. Rate Cut As the U.S. dollar hovers near its lowest levels of 2024, market speculation intensifies around the Federal Reserve’s anticipated rate cut. On the eve of the Fed’s decision, traders are betting on an easing cycle that could kick off with a significant […]
Asian Currencies Steady as Markets Anticipate Federal Reserve Rate Cut and Bank of Japan Policy Shift
Facebook LinkedIn Asian Currencies Stay Steady as Dollar Slips Ahead of Federal Reserve Meeting In Monday’s holiday-thinned trade, most Asian currencies remained relatively stable, while the U.S. dollar saw a slight decline. Market participants are awaiting a key Federal Reserve meeting, where the central bank is expected to cut interest rates, potentially setting the stage […]
Asian Currency Movements Driven by Inflation Data and Regional Economic Trends
Facebook LinkedIn Asian Currencies Struggle Amid Strong U.S. Dollar and Fed Rate Concerns On Thursday, most Asian currencies traded in a flat-to-lower range, while the U.S. dollar gained strength following robust U.S. consumer inflation data. This development has dampened hopes for significant interest rate cuts by the Federal Reserve. Japanese Yen Declines as Inflation Data […]