Monthly Archives: August 2026
Gold eases as profit-taking takes place, but rate-cut bets provide support
Written on August 15, 2026 at 11:02 am, by josephine
Gold prices eased as profit-taking takes place but worries about recession and rising expectations of US interest rate cuts limited its downside.
Emerging Asian currencies and stocks surge anticipating Fed decision
Written on August 15, 2026 at 11:01 am, by josephine
Emerging Asian currencies and stocks experienced gains on Wednesday as traders awaited the US Federal Reserve’s policy decision. The South Korean won and the Thai baht led the way among currencies, rising by 0.6% and 0.5%, respectively.
Australian dollar drops to 3-month low as market anticipates rate cuts
Written on August 15, 2026 at 11:01 am, by josephine
The Australian dollar fell to a three-month low on Wednesday following a softer reading on core inflation. This change in data dampened expectations for further rate hikes and caused a surge in bond futures.
Aussie and Kiwi hold steady as bond rally fuels rate cut hopes
Written on August 15, 2026 at 11:01 am, by josephine
The Australian dollar (AUDUSD) held at $0.6540, recovering from a three-month low of $0.6480 overnight. Support lies around $0.6466, with resistance at $0.6580.
Rupee edges higher with Asian peers; forward premiums increase
Written on August 15, 2026 at 11:01 am, by josephine
The rupee (USDINR) stood at 83.70 against the U.S. dollar as of 11:00 a.m. IST, up from its previous close of 83.72. On Wednesday, the currency had hit a record low of 83.7450. Asian currencies rose between 0.1% and 0.8%, while the dollar index (DXY) was at 104 after declining 0.4% on Wednesday.
Japanese market shakes as BOJ policy shift hits Nikkei
Written on August 15, 2026 at 11:01 am, by josephine
Thursday saw Japan’s Nikkei share average take a sharp tumble as the yen surged following the Bank of Japan’s (BOJ) historic monetary policy meeting on Wednesday.
Dollar and yen remain steady as markets await BOJ and Fed decisions
Written on August 15, 2026 at 11:00 am, by josephine
The Japanese yen took a breather from its recent rally as the BOJ began its two-day meeting on Tuesday. Last week, the yen surged over 2% against the dollar.
Gold remains sluggish as Fed meeting approaches
Written on August 15, 2026 at 11:00 am, by josephine
Spot gold was down 0.1% at $2,380.31 per ounce, as of 0156 GMT. U.S. gold futures were little changed at $2,377.30.
Rupee to decline alongside Asian currency weakness and central bank decisions
Written on August 15, 2026 at 11:00 am, by josephine
Indian rupee likely to maintain a depreciation bias as Asian currencies slip and focus shifts to central bank policy decisions.
Base metals prices see uptick due to softer dollar
Written on August 15, 2026 at 11:00 am, by josephine
Nonferrous metals prices experienced an uptick on Wednesday, bolstered by a weaker dollar. However, the overall monthly trend points to a decline due to subdued demand from China.
