Monday morning open levels – indicative forex prices – USD a touch stronger – ForexLive
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ForexLive Asia-Pacific FX news wrap: USD carried on weaker – ForexLive
AUD TRADERS NOTES – Reserve Bank of Australia Deputy Governor Hauser is due to speak on the economic outlook tomorrow. US Commerce Secretary Gina Raimondo Announces $25 Billion Indo-Pacific Infrastructure Plan Keep an eye on Treasury Secretary Yellen’s speech on Thursday Bank of Japan Governor Nakamura: If consumption weakens, inflation may not reach 2% after […]
Poll predicts some mild weakness ahead for the USD – ForexLive
According to a Reuters poll, here are the future outlooks for the US Dollar, Japanese Yen and Euro: USD/JPY is expected to be around 145.00 in 12 months EUR/USD expected to hit 1.08 in 6 months and 1.10 in 12 months Reuters reported the comments from UBS Global Wealth Management. “We expect the dollar to […]
Forexlive Americas FX news wrap 9 May: USD reverses to the downside after weaker claims – ForexLive
The North American session was initially highlighted by the number of new weekly unemployment claims. Estimates were 231,000 to 215,000, beating expectations. This was the highest level since November 2023. It’s only been a week, and the spikes tend to be somewhat seasonal. Easter was early this year, so that may have had an effect. […]
US Dollar Dominance: Why USD Is the World's Reserve Currency – Bloomberg
This currency is large, stable, and entrenched in the global economy. That is also what makes this currency such an attractive target. Written by Saleh Mohsin and Ben Purvis Illustrations by Joy Fulton May 1, 2024, 12:01 a.m. UTC The US dollar is the closest thing to a world currency. It is the payment method […]
USD/JPY reaches monthly high, threatens breakout on USD “impregnability” – FXStreet
With the Japanese yen losing its appeal as a safe-haven asset amid easing tensions in the Middle East, the USD/JPY pair is inching towards its April high. Geopolitical risks have not completely disappeared, and new Omicron variants pose an external threat. Friday is likely to be an important day for USD/JPY due to the Bank […]
Markets Week Ahead: Gold Overreacts, Sterling Sinks and USD Advances – DailyFX
Suggesting the possibility of a change in momentum with the golden whipsaw Precious metals rallied phenomenally following the FOMC meeting and summary of the latest economic forecasts. The US dollar acted as a vent for all the hawkish sentiment that was priced into the market. Some in the market feel obligated to remove one interest […]
Forexlive Americas FX news wrap 22 Mar. USD moves higher while yield move lower. – ForexLive
The US dollar ended the day mostly higher, gaining against all major currencies except the Japanese yen and Swiss franc (-0.16% and -0.06%, respectively). From the strongest to the weakest of the major currencies The US dollar appreciated the most against the AUD (+0.84%), NZD (+0.79%) and CAD (+0.59%). The day also saw solid gains […]
Japanese Yen sticks to modest intraday gains against USD, upside potential seems limited – FXStreet
The Japanese yen strengthened following the release of Japan’s consumer inflation statistics. Uncertainty over the Bank of Japan’s future policy measures does not allow for meaningful upside. A moderate USD strength could help limit losses on the USD/JPY pair. The Japanese yen (JPY) has shown a modest recovery after hitting a year-to-date low on Friday […]
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. […]