Forex

5 July 2024
Canadian dollar rises to one-month peak before domestic jobs report

The loonie strengthened to a one-month high against its U.S. counterpart on Thursday. This rise occurred as the greenback posted broad-based declines ahead of domestic jobs data, which could influence expectations for further interest-rate cuts by the Bank of Canada.

4 July 2024
Brazilian real rebounds with weakness hitting the US dollar 

The Brazilian real strengthens as expectations of a dovish Fed policy rise. Learn about the market implications and key factors influencing the performance of BRL.

4 July 2024
New Zealand dollar rises on Fed rate cut speculation 

The New Zealand dollar (NZD) appreciated to $0.611 against the US dollar (USD) as soft labor market data and weaker-than-expected services activity in the US fueled speculation about potential Federal Reserve rate cuts later in the year.

3 July 2024
USDSGD trading within a range; anticipates economic data release 

The USDSGD currency pair is bound in a range on expectations of the US ISM services PMI and the non-farm payrolls report, scheduled for later today and Friday respectively.

2 July 2024
US yields boost dollar, leaves yen struggling

Key points: The dollar gained strength due to rising U.S. Treasury yields, affecting low-yielding currencies like China’s yuan and Japan’s yen. The yen hit its lowest level since 1986 against the dollar, sparking concerns of potential intervention by Japanese authorities. …

1 July 2024
US dollar slips as inflation data points to rate cuts 

Key points:  The US dollar index fell following PCE inflation data showing unchanged prices in May.  Markets shift focus to the upcoming nonfarm payrolls report for further market direction. Market expectations for Fed rate cuts this year increased after inflation …

1 July 2024
Euro climbs following France’s first-round vote, yen falters

Key points: Euro gains after France’s election, reflecting reduced fears of far-right fiscal policies. Yen declines as Japan’s revised economic data show a larger contraction. On Monday, the euro rose following the first round of France’s snap election, which put …

28 June 2024
Mexican peso nears 15-month low following economic data and political uncertainty 

Key points:  The Mexican peso weakens to 18.4 per USD, nearing 15-month low of 18.75.  Banxico maintains interest rates at 11% with rising inflation.  Unemployment drops to 2.6%, trade surplus at $1.99 billion.  The Mexican peso weakened to 18.4 per …

27 June 2024
Rupee likely to find support from expected inflows as US yields rise

Key points: Rupee poised to open slightly higher, supported by bond inflows. U.S. Treasury yields reach near two-week high, posing challenges for Asian currencies. The Indian rupee is anticipated to open slightly higher on Thursday, driven by expected inflows from …

27 June 2024
Japanese yen nears 38-year low as markets eye intervention and US inflation data 

Key points:  The Japanese yen remains near a 38-year low, hovering around 160 per dollar, raising concerns of possible intervention by Japanese authorities.  US dollar strength continues as markets are in anticipation of its inflation data.  This article is a follow-up …

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