Tag Archives: Dollar

The Indian rupee is likely to start Thursday’s session with little change, despite the U.S. Federal Reserve’s dovish minutes failing to provide a lift to Asian currencies. The 1-month non-deliverable forward (NDF) suggests the rupee (USDINR) will open close to 83.9225, nearly unchanged from the previous session.

The JPY gains strength against the U.S. dollar, supported by expectations of a Fed rate cut and robust Japanese economic data. Read more for insights on the monetary policy of BoJ.

On Tuesday, the U.S. dollar hovered near its lowest point in seven months, driven by increasing expectations that the Federal Reserve may begin cutting interest rates as soon as next month.

The New Zealand dollar continued its recovery, as markets anticipate upcoming Federal Reserve rate cuts. Focus shifts to the FOMC Minutes and Powell’s speech at Jackson Hole for further guidance.

The Chinese yuan advanced on Monday, supported by a weakening U.S. dollar as the markets anticipate upcoming Federal Reserve rate cuts. However, weak Chinese economic data may limit further gains.

The U.S. dollar struggled to gain momentum on Monday, trading within a tight range against its major peers. Investors are holding their breath as they await key events later this week that could offer new insights into the future path of U.S. interest rates.

The U.S. dollar continued to demonstrate resilience after a string of positive economic data reinforced confidence in the U.S. economy, calming earlier recession anxieties.

The Australian dollar (AUD) experienced a modest uplift on Thursday, touching $0.6609, following an unexpected surge in employment figures. The 58,200 jobs added in July far surpassed market forecasts of a 20,000 gain, indicating a resilient labour market despite broader economic challenges. 

The U.S. dollar started Wednesday on shaky ground after tumbling overnight against major currencies, driven by a surprisingly benign reading on U.S. producer prices. This report has amplified expectations that the Federal Reserve might lean towards rate cuts later this year.

The Australian dollar nudged higher on Tuesday, brushing up against resistance as a rally in Japanese stocks bolstered risk sentiment across the market.