Canadian Dollar pulls back from six-week peak before Fed and BoC interest rate decisions
On Monday, USD/CAD made a comeback, breaking a seven-day downward trend as traders adjusted their positions ahead of important monetary policy announcements from both the Federal Reserve (Fed) and the Bank of Canada (BoC) this week. Currently, the currency pair is trading around 1.4023, after dipping to a low of 1.3969 on Friday, which was […]
US Dollar Index Price Prediction: DXY maintains positive outlook above 101.50 before FOMC
US Dollar Index Shows Modest Gains, Traders Await Federal Reserve Signals The US Dollar Index (DXY), which measures the Greenback against a range of currencies, is seeing some buying interest around the 101.60-101.55 level this Monday. This comes after a recovery on Friday from a three-week low. While the index is managing to maintain slight […]
What is causing the Australian Dollar to fall even with warnings of rate hikes from the RBA?
The AUD/USD pair has weakened after seeing slight gains in the previous session, currently trading around 0.7030 during Asian trading hours on Monday. That said, the Australian Dollar (AUD) might find some support due to comments from Sarah Hunter, an Assistant Governor at the Reserve Bank of Australia (RBA), who issued warnings recently. On Sunday, […]
USD/CHF Price Outlook: Dollar picks up some strength and nears 0.8250
The US Dollar (USD) is recovering some lost ground against the Swiss Franc (CHF) on Friday. This slight bounce back seems to come amidst a risk-off atmosphere influenced by rising oil prices, which has countered the downward pressure created by decreasing US Treasury yields. Currently, the USD/CHF is rising from around the 0.8200 support level […]
Forex Today: US Dollar continues to drop as US yields go lower
Key Highlights for Thursday, October 22 The US Dollar (USD) is struggling to attract demand today, with the USD Index falling to its lowest point in three weeks, hovering around 101.50. On the economic front, the US is set to release weekly Initial Jobless Claims data, alongside preliminary Consumer Confidence figures for October from the […]
New Zealand Dollar reduces its gains around 0.5700 following weaker CPI inflation figures.
NZD/USD Steady Amid Soft CPI Data The NZD/USD pair is holding stable around 0.5705 during Thursday’s early trading in Asia. The New Zealand Dollar has lost some ground against the US Dollar following the release of weaker-than-anticipated Consumer Price Index (CPI) inflation figures. Investors are also awaiting the jobless claims report from the US, which […]
Forex Today: Pound increases on positive employment figures, US Dollar falls as yields decline
What You Need to Know on Tuesday, October 20 The British Pound is gaining traction against major currencies early on Tuesday, buoyed by positive labor market data. Meanwhile, the US Dollar (USD) is facing challenges, struggling for demand as US Treasury yields are failing to maintain Monday’s recovery. Market participants are keeping a close eye […]
Australian Dollar retains losses as PBOC rates remain unchanged.
AUD/USD Movement and Economic Insights The AUD/USD dipped slightly after two consecutive days of gains, trading around 0.6970 in Asian trading on Tuesday. The Australian Dollar (AUD) has been under pressure following the recent interest rate announcement from the People’s Bank of China (PBOC), which kept its benchmark Loan Prime Rates unchanged—3.00% for the one-year […]
Australian Dollar targets 0.70 as unexpected China GDP boosts rally
The Australian Dollar has seen two consecutive days of gains against the US Dollar, currently trading at 0.6980, reflecting an increase of over 0.50%. This rise comes amid improved risk appetite, bolstered by strong data regarding China’s GDP and Retail Sales. AUD/USD climbs as positive Chinese economic indicators and risk sentiment boost buyers On Monday, […]
US Dollar Index Price Prediction: Stays under 102.00, nine-day EMA
The US Dollar Index (DXY) is seeing a slight decline after starting the day with a positive gap, hovering around 102.00 during the Asian trading hours on Monday. In the short term, the outlook appears optimistic as the Dollar Index stays above the 50-day Exponential Moving Average (EMA) and is testing the nine-day EMA, which […]