Dollar

12 September 2024
Dollar firms up as market bets on smaller Fed rate cut

The dollar fueled by smaller Fed rate cut bets following U.S. inflation data. Markets now expect a 25-bps cut, while political factors create added uncertainty for the greenback. -vtmarkets.com

12 September 2024
Australian and New Zealand dollars hold ground as risk sentiment stabilises

The Australian and New Zealand dollars saw a lift on Thursday, as a rebound in global stock markets and the anticipation of a European Central Bank (ECB) rate cut helped stabilise risk sentiment. -vtmarkets.com

11 September 2024
Offshore yuan rebounds as Trump’s election prospects decline

Offshore yuan rebounds past 7.11 per dollar as Donald Trump’s chances of winning the U.S. presidency decline, reducing tariff threats. Traders now focus on U.S. inflation and key Chinese economic data. -vtmarkets.com

11 September 2024
New Zealand dollar holds steady as markets await US CPI data

New Zealand dollar remains steady as investors await US inflation data, which could guide Federal Reserve’s rate decision next week. -vtmarkets.com

11 September 2024
Yen nears a 5-week high as traders focus on the U.S. presidential debate and inflation report

The yen held close to a five-week high on Wednesday, with USD/JPY at 142.18. The dollar was down 0.2% in early trading, and traders are now focused on upcoming U.S. inflation data and the first U.S. presidential debate between Kamala …

10 September 2024
Aussie drops to 3-week low on weak sentiment and domestic data

Key Points: AUDUSD dips below $0.666 due to weak consumer and business sentiment in Australia. Traders exercise caution ahead of key U.S. inflation data and potential Federal Reserve rate cuts. RBA keeps rates steady, focusing on managing inflation and labor …

9 September 2024
Gold prices silences as markets await key Fed decision on rate cuts

Key Points: Gold prices held near $2,500 per ounce as markets speculated on the Fed’s upcoming interest rate decision. Mixed U.S. jobs data, with fewer jobs added than expected, but rising wages and steady unemployment at 4.2%. Market participants are …

9 September 2024
Japan’s Nikkei drops 3% as tech stocks track Wall Street’s decline

Key points: Japan’s Nikkei index fell 3.02%, breaking below 36,000 for the first time since mid-August. Chipmaker Renesas and Lasertec fell sharply by 7.72% and 8.15%, respectively. Japan’s Nikkei 225 index dropped 3.02% on Monday, falling to 35,292.62 as of …

9 September 2024
Dollar holds steady while yen slips amid ongoing Fed rate-cut debate

Key points: Dollar stays within range: USD remains steady with the DXY index at 101.21. Yen drops: USDJPY fell 0.26% to 142.65, paring last week’s gains. The dollar held steady on Monday as investors remained uncertain about the size of …

6 September 2024
NZDUSD holds steady as U.S. jobs data looms

Key Points: NZDUSD remained stable at $0.6221 U.S. jobs data expected to determine the likelihood of a 50-basis-point Fed rate cut in September. The Reserve Bank of New Zealand is forecasted to cut rates again in October, but improved confidence …

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