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GBPUSD reaches a 2024 high, driven by positive UK economic data and a weaker US dollar ahead of the Jackson Hole event. Explore market implications and short-term trader insights.
The Indian rupee is likely to start Thursday’s session with little change, despite the U.S. Federal Reserve’s dovish minutes failing to provide a lift to Asian currencies. The 1-month non-deliverable forward (NDF) suggests the rupee (USDINR) will open close to …
Key Points: The Indian rupee is expected to open flat against the U.S. dollar, following its best day in nearly two months as the dollar index remains near its lowest level of the year. Importers are likely to take advantage …
The JPY gains strength against the U.S. dollar, supported by expectations of a Fed rate cut and robust Japanese economic data. Read more for insights on the monetary policy of BoJ.
The New Zealand dollar continued its recovery, as markets anticipate upcoming Federal Reserve rate cuts. Focus shifts to the FOMC Minutes and Powell’s speech at Jackson Hole for further guidance.
The Chinese yuan advanced on Monday, supported by a weakening U.S. dollar as the markets anticipate upcoming Federal Reserve rate cuts. However, weak Chinese economic data may limit further gains.
The Australian dollar (AUD) experienced a modest uplift on Thursday, touching $0.6609, following an unexpected surge in employment figures. The 58,200 jobs added in July far surpassed market forecasts of a 20,000 gain, indicating a resilient labour market despite broader …
The Indian rupee is set to open on a stronger note on Wednesday, buoyed by rising confidence that the Federal Reserve will implement a series of rate cuts this year.
The Australian dollar nudged higher on Tuesday, brushing up against resistance as a rally in Japanese stocks bolstered risk sentiment across the market.
Key Points Asian currencies gained 0.1%-0.2%, and equities rose following strong US jobless claims data, easing recession fears. Despite positive Asian cues, the Indian rupee remains among the worst performers this month, reflecting strong US dollar demand. The rupee’s divergence …
