USD/INR trades on a positive note ahead of Fed rate decision – FXStreet
On Tuesday, the Indian rupee lost momentum due to the strength of the US dollar. The Fed is expected to keep interest rates on hold at a range of 5.25% to 5.50% at its March meeting. The US Federal Reserve’s interest rate decision on Wednesday will be the highlight of the week. The Indian rupee […]
Japanese Yen remains heavily offered after BoJ Governor Ueda's remarks, holds above YTD low – FXStreet
After the Bank of Japan announced its policy decision, the Japanese yen depreciated across the board. The Bank of Japan raised interest rates for the first time since 2007 and also abolished the YCC policy. Hawkish expectations from the Fed push the USD to a two-week high, supporting USD/JPY. The Japanese Yen (JPY) saw typical […]
Gold price drops to over one-week low amid reduced Fed rate cut expectations – FXStreet
Gold prices continued to decline for the third consecutive day on Monday, but lacked continued growth. Expectations that the Fed will continue to raise interest rates for an extended period continue to weaken XAU/USD. Geopolitical risks will help limit the downside ahead of the FOMC’s major policy decision on Wednesday. Gold prices (XAU/USD) had a […]
Japanese Yen stands tall near one-month top against USD on hawkish BoJ talks – FXStreet
share: The Japanese yen continues to receive support due to expectations that the Bank of Japan will change its hawkish stance. Bets on Fed June interest rate cut hurt USD and put further pressure on USD/JPY. An upwardly revised version of Japan’s fourth-quarter GDP report contributed to the mood of expectations on Monday. […]
EUR/USD churns below 1.0800 as upside momentum remains thin – FXStreet
share: EUR/USD continues to test the near-term ceiling of 1.0780. European PMIs are due to be released next Thursday, but until then the data is thin. US PPI rose on Friday, pinning the market in the mid-range. EUR/USD remained in place on Friday after briefly testing lower levels, but a weak market pushed […]
Australian Dollar rises despite a stable US Dollar, Aussie Unemployment Rate awaited – FXStreet
share: The Australian dollar stalled as the US dollar strengthened on strong US consumer price index (CPI) numbers. Australia’s ASX 200 index fell. Put pressure on the Australian dollar. The US dollar strengthened as US bond yields rose. Robust US CPI data dashed any chance the Fed would cut interest rates in March. […]
Australian Dollar declines amid an improved US Dollar, awaits US Inflation – FXStreet
share: The Australian dollar has stalled while the US dollar has stabilized. Australian consumer confidence rose 6.2% to 86 in February. The U.S. dollar is holding steady despite low U.S. bond yields. January US CPI year-over-year and month-over-month changes are likely to slow to 3.0% and 0.2%, respectively. Despite the release of improved […]
Australian Dollar moves in a negative zone after trimming intraday gains, US data eyed – FXStreet
share: The Australian dollar widened its losses after cutting intraday losses. The Australian currency strengthened as RBA’s Mr Bullock gave no rulings on future policy action. China’s CPI (YoY) fell by 0.8% against the expected 0.5% decline and the previous 0.3% decline. Fed members pledge to keep raising interest rates until inflation sustainably […]
EUR/USD grinds sideways on Wednesday as pair struggles near 1.0750 – FXStreet
share: Wednesday’s move was thin, with EU/USD showing little momentum. Economic indicators in Europe continue to weaken. An important announcement this week will be Germany’s HICP inflation rate on Friday. EUR/USD rose slightly on Wednesday before turning lower in the US market late, before recovering slightly to the mid-range for the day. The […]
Japanese Yen softens to 148 against USD, BoJ's hawkish tilt could limit losses – FXStreet
share: The Japanese yen has been struggling to take advantage of the recovery from the previous day’s year-to-date low. Hawkish expectations from the Fed will support the USD and further support the USD/JPY pair. Betting on an imminent change in the Bank of Japan’s policy stance will help limit the yen’s downside. The […]