Monthly Archives: August 2026
Taiwan dollar hits 8-year low on chip sell-off
Written on August 15, 2026 at 10:55 am, by josephine
The Taiwanese dollar fell to its lowest level since May 2016, trading at 32.786 per dollar before settling at 32.762, down 0.5%. This decline was driven by a sell-off in chip stocks and concerns over a possible isolationist shift in U.S. policy if Donald Trump wins the presidency.
Dollar falters as Fed rate cuts approach
Written on August 15, 2026 at 10:54 am, by josephine
Key points: The dollar experienced a mixed performance on Wednesday following a brief boost from better-than-expected U.S. retail sales data. Traders remained focused on the prospect of Federal Reserve rate cuts potentially as early as September. The New Zealand dollar (NZDUSD) rose as data revealed higher-than-expected non-tradable inflation in the second quarter, despite the headline Continue Reading
NZ dollar rises despite rate cut expectations and high inflation
Written on August 15, 2026 at 10:54 am, by josephine
Key points: The New Zealand dollar strengthened on Wednesday as domestically-driven inflation remained high, though headline figures eased to a three-year low. Despite this, markets continue to expect around three rate cuts by the end of the year. See: Kiwi on the rise, trading at 0.60744 as seen on the VT Markets app. New Zealand’s Continue Reading
Japan’s Nikkei drops 2% on global chip sell-off and surging yen
Written on August 15, 2026 at 10:54 am, by josephine
Japan’s Nikkei share average fell sharply on Thursday, driven by a global sell-off in chip-related stocks and a strengthening yen. See why the Nikkei (NI225) dropped 2% to 40,277.86 by the midday break, dipping earlier to 40,112.56, the lowest since July 2.
Gold prices rise in anticipation of Fed rate cut and economic uncertainty
Written on August 15, 2026 at 10:54 am, by josephine
Gold prices near record highs as anticipation of a US Fed rate cut boosts demand. Find out more about the factors driving the surge in gold.
AUD directionless after mixed jobs report & rate hike uncertainty
Written on August 15, 2026 at 10:54 am, by josephine
AUD remains steady as mixed employment data clouds the outlook for a rate hike. Read how external factors and central bank actions influence trading opportunities.
Gold prices stay steady as optimism about U.S. rate cuts boosts the market
Written on August 15, 2026 at 10:53 am, by josephine
Key points Gold prices have shown resilience, holding their ground at $2,422.12 per ounce as of 0021 GMT. This follows Monday’s peak of $2,449.89 per ounce, the highest level since May 20. In the futures market, U.S. gold dipped by 0.1% to $2,425.60, reflecting a cautious yet optimistic sentiment among traders. See: Gold prices trading Continue Reading
Australian and NZ dollars rise against the yen but fall against the dollar
Written on August 15, 2026 at 10:53 am, by josephine
Key points The Australian dollar climbed 0.2% to 106.98 yen, marking a rebound after four consecutive sessions of declines. This recovery came after suspected intervention from Tokyo last week, which disrupted the popular carry trade, where investors borrow in a low-interest currency like the yen to invest in higher-yielding assets. The intervention saw the Aussie Continue Reading
GBPUSD reaches one-year high on positive UK and negative US economic data
Written on August 15, 2026 at 10:53 am, by josephine
Key Points: The British pound (Symbol: GBPUSD) floated to a one-year high of $1.2985, driven by favourable economic data from both the UK and the US. The pair opened the week with positive momentum as forex traders responded to unexpected growth in the UK and easing inflation in the US. Picture: GPBUSD reaches one-year high, Continue Reading
Japan likely conducting intervention to defend the yen
Written on August 15, 2026 at 10:53 am, by josephine
Key Points: This article is a follow up to: Yen fluctuates with intervention talks Japan appears to have intervened in the foreign exchange market to defend the yen on Friday, according to calculations based on data from the Bank of Japan (BoJ) and private money brokers. The daily projection of BoJ released on Tuesday indicated Continue Reading
