Forex

10 July 2024
Chinese yuan hits eight-month low with missed inflation data and US dollar rebound 

CNH slid to an eight-month low against the US dollar due to weak inflation data and a rebound of the greenback. Read about the market implications and outlook.

10 July 2024
Dollar strengthens on Powell’s caution; Kiwi weakens post-dovish central bank

Key points: Federal Reserve Chair Jerome Powell’s cautious tone influences the dollar’s rebound. New Zealand dollar weakens as central bank expresses confidence in inflation control, hinting at policy easing. Dollar firms on Powell’s caution See: Dollar index trading at 104.768 …

9 July 2024
Rupee will rely on Powell’s testimony to end deadlock

Key points The rupee’s non-deliverable forwards indicate an opening range of 83.48-83.50 per U.S. dollar. Investors anticipate Powell’s comments for clues on potential rate cuts. The Indian rupee is poised to open largely unchanged on Tuesday as traders eagerly await …

9 July 2024
US dollar declines as job growth slows 

The US dollar weakens in the face of softer job growth and expectations of potential rate cuts. Upcoming testimony by Jerome Powell may provide deeper insights.

8 July 2024
Aussie approaches six-month high despite diverging rate expectations

The Australian dollar (AUD) is nearing a six-month high due to yield differentials and prospects of a Federal Reserve rate cut. The New Zealand dollar (NZD) faces an important central bank policy meeting.

5 July 2024
Indonesian foreign exchange reserves hit record highs 

The foreign exchange reserves of Indonesia surged, driven by robust tax revenues and foreign loan withdrawals. Learn how this helps the economic stability in Indonesia.

5 July 2024
Dollar drops for 3 weeks; Pound steady after UK election

The U.S. dollar hovered near three-week lows on Friday, anticipating the release of payrolls data that could influence the outlook for interest rates. Meanwhile, the pound remained firm as the Labour party seemed poised to secure a significant majority in …

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.

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