Forex

4 October 2024
USDCNH on the Move Amid Beijing’s Stimulus

Beijing’s stimulus package is boosting Chinese stocks, but its effect on the yuan is under scrutiny as USDCNH continues its bullish momentum. Traders are closely watching the interplay between China’s economic recovery efforts and U.S. economic data for market direction. …

3 October 2024
Rupee Under Pressure as Dollar Gains Strength

The Indian rupee is expected to open near 83.92-83.94, pressured by a stronger U.S. dollar driven by robust jobs data and reduced expectations for a large Fed rate cut. Rising oil prices due to Middle East tensions add further downside …

3 October 2024
Aussie Hits 2-Month High Against Yen, Kiwi Struggles

The Australian dollar surged 2% overnight to reach 101.25 yen, breaking through the 100.00 resistance barrier. This surge came as Japan’s newly appointed Prime Minister, Shigeru Ishiba, signalled opposition to further interest rate hikes, a shift in stance from his …

3 October 2024
Dollar Strengthens on Solid U.S. Job Data

The U.S. dollar climbed to a one-month high against the yen, supported by robust job numbers, while the yen weakened after Japan signalled no urgency for rate hikes. Meanwhile, the euro remains under pressure amid geopolitical tensions and expectations of …

2 October 2024
Kiwi Rebounds as Military Actions from Iran Start Easing

The New Zealand dollar (Symbol: NZDUSD) has regained some ground, edging closer to $0.63, after sharp declines on Monday. The fall, a result of heightened risks stemming from Iran’s missile attacks on Israel, spooked traders globally. -vtmarkets.com

1 October 2024
Australian Dollar Climbs as Retail Sales Data Beat Expectations

The Australian dollar (Symbol: AUDUSD) found strong demand as its retail sales figures for August 2024 exceeded forecasts, providing support to the currency amid a global backdrop of cautious sentiment. -vtmarkets.com

1 October 2024
Dollar Firms as Traders Assess Federal Reserve’s Rate Path

The U.S. dollar gained strength on Tuesday, rising against its major peers after Federal Reserve Chair Jerome Powell dampened market expectations for more aggressive interest rate cuts. With traders adjusting their outlook on future monetary policy moves, the greenback saw …

30 September 2024
Dollar Declines as China Introduces Stimulus Measures

The yen made a strong move last Friday after Shigeru Ishiba, a critic of aggressive monetary easing, won the leadership of Japan’s ruling party. The yen pushed to a one-week high of 141.75 against the dollar in the Asia session …

27 September 2024
Dollar Drifts as Risk-Sensitive Currencies Rise on China Optimism

Traders now expect 73 basis points of easing for the remainder of the year, with CME Group’s FedWatch Tool indicating a 51% probability of another half-percentage-point cut. This cautious outlook stems from the Federal Reserve’s focus on supporting the labour …

26 September 2024
Rupee Stalls as Markets Await Cues from Powell and U.S. Inflation Data

The Indian rupee faces challenges breaking past key resistance as traders focus on Fed Chair Powell’s comments and U.S. inflation data. Discover the short-term forecast for USDINR and market implications. -vtmarkets.com

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