Tag Archives: Forex

The U.S. dollar climbed to a one-month high against the yen, supported by robust job numbers, while the yen weakened after Japan signalled no urgency for rate hikes. Meanwhile, the euro remains under pressure amid geopolitical tensions and expectations of an ECB rate cut. -vtmarkets.com

The New Zealand dollar (Symbol: NZDUSD) has regained some ground, edging closer to $0.63, after sharp declines on Monday. The fall, a result of heightened risks stemming from Iran’s missile attacks on Israel, spooked traders globally. -vtmarkets.com

The Australian dollar (Symbol: AUDUSD) found strong demand as its retail sales figures for August 2024 exceeded forecasts, providing support to the currency amid a global backdrop of cautious sentiment. -vtmarkets.com

The U.S. dollar gained strength on Tuesday, rising against its major peers after Federal Reserve Chair Jerome Powell dampened market expectations for more aggressive interest rate cuts. With traders adjusting their outlook on future monetary policy moves, the greenback saw renewed stability, while other currencies responded to key domestic and international developments. -vtmarkets.com

The yen made a strong move last Friday after Shigeru Ishiba, a critic of aggressive monetary easing, won the leadership of Japan’s ruling party. The yen pushed to a one-week high of 141.75 against the dollar in the Asia session on Monday. -vtmarkets.com

Traders now expect 73 basis points of easing for the remainder of the year, with CME Group’s FedWatch Tool indicating a 51% probability of another half-percentage-point cut. This cautious outlook stems from the Federal Reserve’s focus on supporting the labour market while moderating inflation risks. -vtmarkets.com

The Indian rupee faces challenges breaking past key resistance as traders focus on Fed Chair Powell’s comments and U.S. inflation data. Discover the short-term forecast for USDINR and market implications. -vtmarkets.com

The EURUSD pair nears a 14-month high following the Fed’s 50bps rate cut, but faces key resistance levels. Learn about the implications for traders and market outlook. -vtmarkets.com

Key points: We saw the Australian dollar climbing to $0.6890, coming close to the $0.6908 mark, a level not touched since early 2023. Breaking these levels has opened the door for further movement towards $0.7030 and $0.7088. This momentum has been largely driven by hopes that China’s latest round of stimulus will provide a much-neededContinue Reading

The euro dropped on weak PMI data in Germany and France, raising expectations of ECB rate cuts. Investors now foresee 44 basis points in reductions by year-end. -vtmarkets.com