About: josephine
Recent Posts by josephine
Australian and New Zealand dollars face pressure from US growth concerns
Key points: The Australian dollar remained near three-month lows on Friday. Weak U.S. data has increased fears of a sharp slowdown in the world’s largest economy, driving investors to seek safety in the yen and Swiss franc. Aussie slides to near three-month low amid carry trade unwinding Picture: Aussie declines, trading at 0.65137 on the Continue Reading
Japanese yen strengthens on BOJ rate hike speculations
The Japanese yen climbs high at 145 per dollar, driven by BOJ rate hike expectations and weak US jobs data. Explore the market implications and opportunities.
Euro holds near two-and-a-half-month high as softer US yields offset hawkish Fed minutes
EUR/USD climbed near 1.1678 as softer US yields and ECB hike bets outweighed hawkish Fed minutes.
Gold eases as profit-taking takes place, but rate-cut bets provide support
Gold prices eased as profit-taking takes place but worries about recession and rising expectations of US interest rate cuts limited its downside.
Rupee may drop to near 84/USD; RBI intervention likely
The Indian rupee is poised to weaken on Tuesday, with forecasts indicating it could reach an all-time low against the U.S. dollar. The non-deliverable forwards (NDF) market suggests that the rupee (USDINR) will open at 83.97-83.99 to the dollar, slipping past Monday’s close and lifetime low of 83.8450.
