AUD/USD maintains its losses as the US Dollar strengthens amid ongoing concerns regarding energy-driven inflation in the United States. Traders are anticipating the release of the US September jobs data, with expectations for Nonfarm Payrolls to decelerate to an increase of 90,000 positions. CBA anticipates that the RBA’s rate hikes have reached a temporary halt; … Read more
The CAD experiences a decline as decreasing crude oil prices exert pressure on the currency associated with commodities. Ongoing concerns regarding stable inflation in the United States, coupled with anticipated increases in interest rates, are providing sustained support for the US Dollar. Traders are closely monitoring the upcoming US September Nonfarm Payrolls data for indications … Read more
EUR/USD has declined to approximately 1.1325 on Thursday. US PCE inflation increased at a rate below expectations in August, leading to a decrease in the anticipation of a Federal Reserve rate hike this month. ECB’s Lagarde emphasised that the central bank ought to implement a “measured response” in light of the absence of evidence indicating … Read more
AUD/USD softens to near 0.6945 in Thursday’s early Asian session. Australia’s trade surplus has contracted significantly to AUD$495 million in August. Markets currently assign a probability of 38.2% to the likelihood of a Federal Reserve rate hike in October. The AUD/USD pair is experiencing slight declines, trading at approximately 0.6945 during the early hours of … Read more
The Reserve Bank of Australia increased its cash rate by 25 basis points to 4.60%, aligning with market expectations. The US Dollar strengthens as rising oil prices intensify inflation worries, supporting the case for additional tightening by the Federal Reserve. The CME FedWatch Tool indicates a 70% probability of a Federal Reserve rate increase in … Read more
USD/JPY is experiencing slight upward movement, hovering around 157.40 during the early hours of Tuesday’s Asian session. Japan’s Katayama concurred with Bessent regarding the enhancement of cooperation during discussions held over the phone on September 25. Markets have assigned a probability of approximately 70.3% to the likelihood of a 25 basis points rate increase from … Read more
GBP/USD has weakened to approximately 1.3250 on Tuesday. Elevated US bond yields, coupled with strong fundamentals in the US economy, bolster the US Dollar. BoE’s Ramsden indicated that there may be justification for raising the Bank Rate should the inflation outlook persist in its upward trajectory. The GBP/USD pair experiences a decline, approaching 1.3250 in … Read more
GBP/USD advances on US Dollar weakness despite increasing market expectations for an October Federal Reserve rate hike. Geopolitical uncertainty persists in the aftermath of President Trump’s dismissal of Iran’s recent proposal concerning the Strait of Hormuz. The British Pound is experiencing an uptick as Bank of England policymakers indicate the possibility of rate hikes in … Read more
The Canadian Dollar experiences a decline as oil prices fall, influenced by reports regarding US-Iran discussions aimed at reopening the Strait of Hormuz. Geopolitical tensions endure as Iran calls for the cessation of port blockades, while the United States upholds its resolute position. The US Dollar has appreciated in value as the CME FedWatch data … Read more
The SNB is anticipated to maintain its policy rate at 0% on September 24, although projections may still be subject to change. The US Dollar halted its three-day rally and relinquished daily gains, even as hawkish expectations from the Federal Reserve persist. Robust US manufacturing data elevates the likelihood of an October Fed rate hike … Read more
