Australian Dollar stays muted after China’s CPI report
Australian Dollar Insights Amid Economic Shifts The Australian Dollar is seeing some support as the chances of cuts to the RBA rates seem to be easing. China’s Consumer Price Index (CPI) showed a decrease of 0.4% year-on-year, with inflation dropping to 0% in August. Revisions to U.S. non-farm salary figures indicate that total agricultural employment […]
USD/JPY rebounds from four-week low as US jobs revision boosts dollar
The USD/JPY pair seems set to reverse its recent four-week low, spurred by a revision in US employment figures that boosted the US dollar. The updated assessment from the Bureau of Labor Statistics indicates salary figures were overstated by 911,000 jobs through March 2025, suggesting a more significant decline in the labor market. The market […]
Pound Sterling reaches a three-week high against the US Dollar.
The pound sterling is projected to rise to around 1.3580 against the US dollar, as demand for US jobs is decreasing. Market participants are looking forward to the significant revisions in the US Non-Farm Payroll (NFP) reports and a speech by BOE’s Briden. There’s a sense among investors that the Fed might lower interest rates […]
US Dollar Index aims to strengthen around 97.30 before the US NFP benchmark revision data
The US Dollar Index hit a six-week low of approximately 97.30 on Tuesday. Market participants are looking forward to a significant US Non-Farm Payroll (NFP) Benchmark Revision Report, set for release for the year ending March 2025. Analysts from Standard Chartered Bank anticipate that the Federal Reserve may raise rates by 50 basis points in […]
Forex Today: US Dollar continues to weaken before NFP revisions
What to Know on Tuesday, September 9th The US Dollar (USD) is having a tough time early on Tuesday, struggling to attract buyers after a decline against major currencies on Monday. Today, the August NFIB Business Optimism Index is set to be released, which is listed on the US Economic Calendar. More significantly, the Bureau […]
Australian Dollar stays strong after Westpac Consumer Confidence report
Australian Dollar Strengthens Amid Economic Signals The Australian Dollar is bolstered by reduced expectations of further RBA rate cuts. Westpac’s consumer confidence in Australia dips 3.1% to 95.4 in September from 98.5 in August. The US dollar continues to weaken as speculation on Federal Reserve rate cuts rises. The Australian Dollar (AUD) is gaining traction […]
EUR/USD climbs as the US Dollar loses strength, with a confidence vote in France approaching
The EUR/USD has reached its highest point since late July, hovering around 1.1750. French Prime Minister François Bayrou is facing a critical confidence vote today, with expectations pointing towards defeat, creating a cloud of political uncertainty over the euro. The ECB is anticipated to maintain interest rates at 2.00% during Thursday’s meeting, with close attention […]
Sending money to India? Will the rupee remain weak against the US dollar and UAE dirham?
Rupee Woes for Indian Expatriates in the UAE Dubai: Indian nationals residing in the UAE are feeling anxious about the rupee’s performance. Last week, it plummeted to a historic low of ₹88.17 per US dollar, while the exchange rate against the UAE Dirham reached ₹24.05. This downturn makes it increasingly challenging for families sending remittances […]
EUR/USD rises to 1.1714 as poor employment figures weaken the US Dollar
August’s non-farm payroll data indicates a decline in employment, an increase in unemployment rates, and stable wage growth. The US two-year Treasury yields are projected to drop as markets fully anticipate interest rate cuts in September, with the DXY declining by 0.70% to 97.57. Traders will look to the upcoming US CPI report for insights, […]
LARRY KUDLOW: What’s happening with King Dollar?
The recent employment report is a letdown, revealing that private sector jobs have stagnated over the last three months. In fact, we’ve seen a conservative decline in manufacturing jobs over the past four months. Some might say it’s a Stall Speed Job Report, echoing Chris Waller’s sentiments, but it doesn’t quite indicate a recession. On […]