How Asian Currencies Reacted to U.S. Political Uncertainty and Upcoming Inflation Data
Facebook LinkedIn Asian Currencies Rise as Dollar Weakens Post-U.S. Presidential Debate; Key Inflation Data Awaited On Wednesday, most Asian currencies strengthened as the U.S. dollar retreated following a heated U.S. presidential debate. Market attention is now turning to crucial inflation data expected later in the day. Japanese Yen Leads Gains Amid Safe Haven Demand The […]
Asian Currencies Hold Steady as U.S. Dollar Gains Ahead of Key Inflation Data
Facebook LinkedIn On Tuesday, most Asian currencies showed little movement, while the U.S. dollar inched higher ahead of crucial U.S. inflation data that could impact interest rate decisions by the Federal Reserve. Over the past week, regional currencies have been under pressure due to growing concerns over global economic conditions. However, speculation around potential U.S. […]
SNB Prepares for Extended Monetary Easing Due to Cooling Inflation
Facebook LinkedIn The Swiss National Bank (SNB) may extend its monetary easing cycle due to a surprising slowdown in Switzerland’s inflation and the ongoing strength of the Swiss franc, according to a report by Gavekal Research. In August 2024, Switzerland’s inflation rate dropped to 1.1% year-on-year, down from 1.3% in July, and below the expected […]
How Market Volatility and Rate Cuts Affect U.S. Dollar-Yen Dynamics
Facebook LinkedIn The U.S. dollar is making efforts to stabilize amid market volatility, as participants observe erratic movements. Currently, the 145-yen level seems to be acting as a pivot for price action. Whether the market will find support at this level remains uncertain, but a rebound could indicate that sellers are being held off. It’s […]
U.S. Dollar Hits Two-Week High Against Euro as Investors Eye Key Data, Including U.S. Payrolls Report
Facebook LinkedIn The U.S. dollar surged to a two-week high against the euro, as investors braced for a crucial week of economic data releases, highlighted by the upcoming U.S. payrolls report on Friday. As of 18:40 EST (22:40 GMT), the EUR/USD pair remained stable at 1.1046, while USD/JPY slipped slightly by 0.1% to 145.31. This […]
Dollar Strengthens as Investors Await Key U.S. Economic Data
Facebook LinkedIn The U.S. dollar edged higher on Tuesday, holding near a two-week peak, as investors anticipate crucial economic reports, including Friday’s U.S. payroll data. This data could significantly impact the Federal Reserve’s decision on the size of an expected interest rate cut. Euro and Sterling Weaken Against the Dollar The euro slipped 0.16% to […]
Global Central Banks Prepare to Lower Interest Rates, Ending an Era of High Borrowing Costs
Facebook LinkedIn This fall, central banks across the globe are poised to either initiate or continue a series of interest rate cuts, signaling the end of an era characterized by historically high borrowing costs. In September, the U.S. Federal Reserve is widely expected to join other major institutions like the European Central Bank, the Bank […]
Kiwi Rallies on Improved Economic Sentiment; U.S. Inflation Report Anticipated
Facebook LinkedIn The New Zealand dollar (NZD) posted strong gains on Thursday following an optimistic business outlook survey, while the U.S. dollar (USD) struggled to maintain its momentum ahead of a crucial U.S. inflation report set for Friday. The upcoming release of the core Personal Consumption Expenditures (PCE) price index, the Federal Reserve’s preferred inflation […]
Australian Dollar Rises on Strong Inflation Figures, Asian Currencies Edge Lower as U.S. Dollar Rebounds.
Facebook LinkedIn On Wednesday, most Asian currencies slipped as the U.S. dollar continued to recover from its recent losses, while the Australian dollar emerged as a notable exception, buoyed by stronger-than-expected inflation data that reinforced the case for a hawkish Reserve Bank of Australia (RBA). Despite the U.S. dollar’s recovery, the decline in Asian currencies […]
Asian Currencies Weaken as Canadian Trade Tariffs Heighten Trade War Fears
Facebook LinkedIn Asian currencies broadly weakened on Tuesday amid escalating trade tensions between China and Canada. New Canadian tariffs on Chinese imports sparked fears of a renewed trade war, causing a ripple effect across regional markets. Japanese Yen Rally Stalls After Soft Inflation Data The Japanese yen (USD/JPY) edged up by 0.1% to 144.78, slightly […]