Australian Dollar Stabilizes as US Dollar Slips Slightly; Market Eyes US PPI Data
Facebook LinkedIn Australian Dollar Gains Momentum After Employment Data as US Dollar Strength Looms The Australian Dollar (AUD) halted its two-day losing streak against the US Dollar (USD) on Thursday, bolstered by mixed domestic employment data that showcased resilience in the Australian labor market. The seasonally adjusted employment change for November revealed an increase of […]
Australian Dollar Struggles as Strong US Dollar Awaits Key CPI Data
Facebook LinkedIn AUD/USD Struggles Ahead of Key US CPI Data Release The Australian Dollar (AUD) remains under pressure against the US Dollar (USD) on Wednesday, as the pair faces headwinds from the USD’s broad-based strength. Market participants are closely watching the release of the crucial US Consumer Price Index (CPI) data for November, scheduled later […]
“Indian Rupee Nears Record Low Amid Key Challenges and USD/INR Trends
Facebook LinkedIn Indian Rupee Weakens Near Record Low Amid Global and Domestic Challenges The Indian Rupee (INR) is trading near a fresh record low as multiple headwinds weigh on the currency. A stronger US dollar (USD), outflows of foreign funds, and declining performance among Asian currencies are putting sustained pressure on the INR. While the […]
Japanese Yen Remains Range-Bound as USD/JPY Holds Below the 150.00 Level
Facebook LinkedIn Japanese Yen Struggles Amid GDP Revision and BoJ Rate Hike Uncertainty The Japanese Yen (JPY) remains under pressure against the US Dollar (USD), extending its sideways movement during the Asian trading session on Monday. Despite an upward revision to Japan’s Q3 GDP figures, lingering doubts about the Bank of Japan’s (BoJ) willingness to […]
EUR/GBP edges lower as Sterling performs strongly across the board.
Facebook LinkedIn EUR/GBP Edges Lower as GBP Strengthens Amid BoE Policy Outlook The EUR/GBP currency pair dipped to around 0.8285 during Friday’s North American session, retreating after failing to sustain Thursday’s recovery above the critical 0.8300 resistance level. The pair’s decline comes as the British Pound (GBP) gains broad-based strength, fueled by market expectations that […]
USD/INR drifts lower after RBI keeps repo rates unchanged at 6.50%
Facebook LinkedIn Indian Rupee Recovers After RBI Maintains Repo Rate at 6.50% in Latest Monetary Policy The Indian Rupee (INR) showed signs of recovery on Friday, rebounding from its all-time low in the previous session. This comeback followed the Reserve Bank of India’s (RBI) announcement of its fifth monetary policy review for the financial year […]
How Global and Domestic Factors Are Shaping the Indian Rupee’s Path
Facebook LinkedIn Indian Rupee (INR) Holds Steady After All-Time Low Amid Mixed PMI Data On Friday, the Indian Rupee (INR) traded flat after hitting a record low of 84.50 against the US Dollar (USD) in the previous session. The HSBC India Manufacturing Purchasing Managers Index (PMI) dipped slightly to 57.3 in November, compared to 57.5 […]
What’s Driving AUD/JPY’s Rally Amid Economic and Geopolitical Uncertainty?
Facebook LinkedIn AUD/JPY Extends Gains Amid Tepid Japanese Yen and Stable Australian Dollar The AUD/JPY pair continues its winning streak, trading near 101.20 during Asian market hours on Wednesday. The upward movement is primarily driven by a subdued Japanese Yen (JPY), influenced by uncertainty surrounding the timing of the next interest rate hike by the […]
Global Economic Events Shaping the Forex Market
Facebook LinkedIn The US Dollar (USD) saw a correction lower to begin the week, driven by a lack of high-tier economic data. Financial markets remain volatile as investors wait for key economic events, including the Bank of England’s (BoE) Monetary Policy Hearings and Canada’s Consumer Price Index (CPI) data. Later in the day, the US […]
Impact of BoJ Uncertainty and ECB Policy Signals
Facebook LinkedIn The EUR/JPY pair experiences upward momentum, trading near the 163.00 level during the early European session on Monday. This move is driven by a weaker Japanese Yen (JPY) amidst ongoing uncertainty surrounding the Bank of Japan’s (BoJ) future rate-hike plans, coupled with upcoming European Central Bank (ECB) speeches. BoJ’s Kazuo Ueda Keeps Markets […]