Dollar

25 July 2024
Yen climbs as investors pull back from risky trades

Key points Yen rose over 0.5% to 152.835 per dollar, its highest in 2.5 months. Australian and New Zealand dollars fell on weak commodity prices. Euro and Sterling also struggled amid broader market risk aversion. On Thursday, the yen experienced …

24 July 2024
Rupee avoids record low on RBI intervention but expected to weaken

The Indian rupee stayed nearly flat on Wednesday, hovering at 83.69 against the U.S. dollar by 11:00 a.m. IST, barely changed from its previous close at 83.6875. This steadiness came despite the currency nearing a record low of 83.7150 on …

24 July 2024
Japan’s Nikkei hits one-month low with mixed US tech earnings and a yen rally

Japan’s Nikkei share average dropped for a sixth consecutive session on Wednesday, closing at a one-month low of 39,154.85, down 1.11%. This marked its longest losing streak since October 2021. The broader Topix index also slid 1.42% to 2,793.12.

22 July 2024
US dollar index loses strength as Fed rate-cut expectations grow 

The US dollar index (Symbol: USDX) as expectations of an interest rate cut grows stronger as the spotlight shifted to economic data for more clues on the monetary policy path of the Federal Reserve.

22 July 2024
Dollar eases as Biden withdraws reelection bid; yuan remains steady after rate cut

The dollar eased on Monday following U.S. President Joe Biden’s decision to end his reelection campaign, which opens the door for another Democrat to challenge Donald Trump. Will Kamala Harris’ bid prove to be sufficient?

19 July 2024
Taiwan dollar hits 8-year low on chip sell-off

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 …

19 July 2024
British pound holds its strength over stable UK inflation and strong wage growth 

The GBPUSD pair reached a one-year high, driven by stable UK inflation and resilient wage growth, while the US dollar faces a challenging week.

18 July 2024
AUD directionless after mixed jobs report & rate hike uncertainty

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.

18 July 2024
Yen soars, investors spooked by intervention fears

Japan’s yen surged to a six-week high on Thursday, sparking rumours of official intervention. Learn how the dollar experienced broad losses as markets anticipate U.S. rate cuts in the near future.

17 July 2024
Dollar falters as Fed rate cuts approach

Key points: The dollar showed mixed performance after U.S. retail sales data, with traders eyeing potential Fed rate cuts in September. The New Zealand dollar gained 0.46% to $0.6078 due to higher-than-expected non-tradable inflation. The dollar experienced a mixed performance …

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