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Key Points: GBPUSD fell 1% after US dollar strength was fueled by lower-than-expected jobs data. The US economy added 142,000 jobs in August, below the consensus estimate of 164,000. Markets now anticipate volatility leading up to the Fed’s interest rate …
Key Points: AUDUSD dips below $0.666 due to weak consumer and business sentiment in Australia. Traders exercise caution ahead of key U.S. inflation data and potential Federal Reserve rate cuts. RBA keeps rates steady, focusing on managing inflation and labor …
Key points: Dollar stays within range: USD remains steady with the DXY index at 101.21. Yen drops: USDJPY fell 0.26% to 142.65, paring last week’s gains. The dollar held steady on Monday as investors remained uncertain about the size of …
Key Points: NZDUSD remained stable at $0.6221 U.S. jobs data expected to determine the likelihood of a 50-basis-point Fed rate cut in September. The Reserve Bank of New Zealand is forecasted to cut rates again in October, but improved confidence …
Key Points: The Indian rupee is expected to remain near its weakest of 84 due to limited volatility. U.S. jobs data will likely determine whether the Federal Reserve will cut rates by 25 or 50 basis points in September. RBI …
The U.S. dollar dipped on Thursday as traders raised their expectations of an outsized rate cut from the Federal Reserve later this month. Concerns over the U.S. economy’s growth outlook, following weaker-than-expected data, have pushed investors toward safe-haven currencies like …
The Mexican peso fell to its lowest level since December 2022, driven by political uncertainties surrounding constitutional reforms and growing economic challenges. Investor confidence wavers as concerns over judicial independence and weak economic data persist. -vtmarkets.com
The foreign exchange reserves of South Korea increased to $415.9 billion in August, driven by higher securities holdings and a stable IMF position. USD/KRW showed relative stability despite significant shifts in reserve composition. -vtmarkets.com
The USDJPY pair continues its upward trajectory as the dollar gains strength, despite flatlining inflation data. -vtmarkets.com
The U.S. dollar stayed firm near a two-week high against the yen and euro on Tuesday, reflecting cautious investor sentiment ahead of an influx of economic data, including Friday’s highly anticipated U.S. payrolls report. -vtmarkets.com
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