Australian Dollar rises amid hawkish RBA guidance – FXStreet
AUD/USD strengthens as RBA Governor Michelle Bullock emphasizes the need to maintain a restrictive interest rate stance. The US presidential election remains the main driver for AUD/USD ahead of the Trump and Harris elections. Trump's victory is expected to be detrimental to the Australian dollar, as he has promised to raise tariffs on China. In […]
Australian Dollar holds gains due to hawkish sentiment surrounding the RBA – FXStreet
The Australian dollar is Hawkish sentiment surrounding the RBA's policy outlook. The Australian dollar could face challenges due to increased risk aversion amid concerns about a potential resurgence of inflation in the US. The yields on US 2-year and 10-year bonds are 4.02% and 4.19%, respectively. The Australian dollar (AUD) reversed recent losses against the […]
Australian Dollar defends position due to hawkish sentiment surrounding the RBA – FXStreet
The Australian dollar has strengthened as strong employment data makes it less likely that the Reserve Bank of Australia will cut interest rates in 2024. In the third quarter, China's gross domestic product reported growth of 4.6% year-on-year (previously measured at 4.7%). Strong US retail sales data supported the US dollar and raised the possibility […]
Forex Today: Hawkish FOMC Minutes lift US Dollar ahead of key inflation data – FXStreet
Here's what you need to know on Thursday, October 10th. After remaining relatively quiet since the beginning of the week, the US dollar (USD) gained bullish momentum during Wednesday's US trading session, with the USD index rising to its highest since mid-August around 103.00. The European Central Bank (ECB) will announce the results of its […]
EUR/JPY depreciates to near 156.00 as BoJ holds hawkish stance – FXStreet
EUR/JPY fell after the Bank of Japan hinted at further interest rate hikes if the economic outlook meets expectations. The Bank of Japan may raise interest rates to 0.5% by the end of 2024, according to a Fitch Ratings report. ECB policymaker Joachim Nagel said core inflation was heading in the right direction. EUR/JPY fell […]
USD/JPY surrenders modest intraday gains to 143.00 after BoJ Tamura’s hawkish remarks – FXStreet
USD/JPY is attracting fresh sellers following an intraday rally towards the 143.00 level. Bank of Japan's hawkish comments push up the yen, putting downward pressure on the currency pair. A strong recovery in US dollar demand and an upbeat mood in the market are providing some support. The USD/JPY pair has failed to capitalize on […]
Japanese Yen remains stronger due to hawkish mood surrounding the BoJ, US data eyed – FXStreet
The Japanese yen strengthened as further interest rate hikes by the Bank of Japan became more likely. The yen could face challenges due to political uncertainty, with Prime Minister Fumio Kishida not seeking re-election in September. The US dollar is facing pressure from falling Treasury yields and growing expectations of a Fed rate cut. The […]
Australian Dollar advances further due to rising odds of RBA adopting a hawkish stance – FXStreet
The Australian dollar fell after the RBNZ delivered an unexpected 25 basis points interest rate cut on Wednesday. The Australian dollar could face challenges as safe-haven inflows amid rising geopolitical tensions in the Middle East. The US dollar weakened following weak producer price data on Tuesday. The Australian dollar (AUD) fell against the US dollar […]
‘Oh My’: CNN’s Harry Enten Says Americans Becoming More ‘Hawkish’ On Illegal Immigration Benefits Trump
CNN senior data reporter Harry Enten said on Tuesday that Americans increasingly opposing illegal immigration benefits former President Donald Trump while hurting President Joe Biden in the upcoming election. Over 60% of Americans approve deporting “all” illegal immigrants from the U.S., including most men, women, independents, conservatives, moderates, Republicans, individuals with a four-year college degree, […]
Dollar hovers near one-week high on hawkish Fed minutes; kiwi firm – Yahoo Finance
By Kevin Buckland TOKYO (Reuters) – The dollar hovered near a one-week high on Thursday after hitting its highest level this month against major peers after minutes of the last Federal Reserve meeting showed some officials were keen to raise interest rates. The New Zealand dollar extended gains after a surprise increase in domestic retail […]