Canadian Dollar weakens amid renewed risk aversion
The Canadian dollar decreased against the US dollar on Tuesday. After the holiday weekend, the US market opened with a clear risk-averse sentiment. New PMI data from both the US and Canadian markets highlighted rising concerns over tariffs. On Tuesday, the Canadian Dollar (CAD) experienced a notable decline against the US Dollar (USD), sliding to […]
Dollar feels the strain as traders come back after the Labor Day holiday
Currency Movements: Sterling and Yen Decline Amid Economic Concerns SINGAPORE – The British pound and Japanese yen slipped on Tuesday, driven by increasing investor apprehension regarding government finances. This shift allowed the dollar to regain some value after five consecutive days of losses. With rising pressure in the bond market, the UK’s 30-year borrowing costs […]
British Pound loses ground to US Dollar before US Manufacturing PMI report.
Pound Sterling is expected to dip to around 1.3480 against the US dollar as the Greenback gains traction before the US market opens. Market watchers are keeping an eye on the US ISM manufacturing PMI data, which is anticipated to show a further decline. The Bank of England is not likely to lower interest rates […]
Australian Dollar falls as US Dollar rebounds amid Fed uncertainty
Aussie Dollar Weakens Against US Dollar The Australian dollar is losing value as the US dollar strengthens, despite the potential for a Federal Reserve rate cut. High inflation figures in Australia for July have lessened the chances of an immediate interest rate cut by the Reserve Bank of Australia (RBA). According to the CME FedWatch […]
US Dollar Index rises above 97.50 before the release of US ISM Manufacturing PMI
The US dollar index is expected to rise to approximately 97.80 during early Tuesday trading in Asia. Ongoing geopolitical tensions are driving safe-haven demand, which is supportive of the US dollar. Speculations about potential rate cuts by the Fed might diminish the benefits for DXY. The US Dollar Index (DXY), which measures the USD against […]
Canadian Dollar ends winning streak on competing market holiday Monday
The Canadian Dollar took a dip against the US Dollar on Monday. Both Canadian and US markets are facing down times due to the long weekend holidays. September kicks off with a hint of potential, but it’s fading fast. The Canadian Dollar (CAD) slipped against the US Dollar (USD) on Monday, dipping just under 1%. […]
Copper reaches a one-month high due to positive factory data from China and a weak dollar.
Copper Prices Hit Monthly Highs Copper prices rose to their highest level in over a month on Monday, driven by favorable manufacturing data from China, a major consumer, alongside a weaker dollar. The three-month copper contract on the London Metal Exchange experienced a slight dip of 0.2%, settling at $9,886 per metric tonne after peaking […]
Rupee drops 17 paise to 88.26 versus the U.S. dollar in early trading.
Rupee Depreciates Amid Investor Concerns The rupee fell by 17 paise to 88.26 in early trading on Monday, September 1, 2025, primarily influenced by investor sentiment. Forex traders noted that the rupee started off weak today, with pressures stemming from tariffs imposed by the US and foreign portfolio investment (FPI) outflows impacting the local currency. […]
US Dollar Prediction: DXY May Face Decline if NFP Falls Short This Week
Authorities are urging caution as severe weather conditions are expected to impact several regions. Residents should prepare for heavy rainfall and strong winds that could lead to flooding and power outages. Local officials are advising that, if possible, people stay indoors during the worst of the storm. In some areas, emergency services are on high […]
Forex Today: US Dollar steadies before important PCE inflation figures
What You Need to Know on Friday, August 29th US Dollar (USD) The US dollar is showing some signs of recovery after experiencing three days of losses. Market participants will be keeping a close eye on upcoming consumer price index (CPI) data from Germany and the personal consumption expenditures (PCE) price index from the US, […]