Forex

Key Points The unemployment rate of New Zealand increased, but less than expected, in the second quarter, which provided some relief to the market. Employment figures showed growth, and while annual wage inflation continued to slow for the fifth consecutive …

GBPUSD forming potential double bottom after the rate cut decision from the BoE. Explore market impacts and short-term trading opportunities in the British pound.

The dollar held its ground on Wednesday, while the yen retreated from a seven-month peak. Currency markets stabilised after a turbulent start to the week driven by recession fears and the unwinding of carry trades. 

EURUSD surged 1.3% as weak US nonfarm payrolls data fueled expectations of a significant Fed rate cut. Read more to understand the market opportunities and risks.

The Indian rupee is poised to weaken on Tuesday, with forecasts indicating it could reach an all-time low against the U.S. dollar. The non-deliverable forwards (NDF) market suggests that the rupee (USDINR) will open at 83.97-83.99 to the dollar, slipping …

The Japanese yen climbs high at 145 per dollar, driven by BOJ rate hike expectations and weak US jobs data. Explore the market implications and opportunities.

Key points: Australian dollar near three-month lows amid U.S. slowdown fears. New Zealand dollar holds steady, supported by favourable inflation data. The Australian dollar remained near three-month lows on Friday. Weak U.S. data has increased fears of a sharp slowdown …

Key points: Yen and Swiss franc near multi-month highs due to U.S. manufacturing slump. Sterling hits one-month low as Bank of England starts rate-cutting cycle. The Japanese yen and Swiss franc traded close to multi-month highs against the dollar on …

The rupee (USDINR) stood at 83.70 against the U.S. dollar as of 11:00 a.m. IST, up from its previous close of 83.72. On Wednesday, the currency had hit a record low of 83.7450. Asian currencies rose between 0.1% and 0.8%, …

The Australian dollar (AUDUSD) held at $0.6540, recovering from a three-month low of $0.6480 overnight. Support lies around $0.6466, with resistance at $0.6580.