EUR/USD records slight increases around 1.1620 during the early hours of Tuesday’s Asian session. Germany’s CPI inflation increased to 2.9% year-on-year in August. Traders are increasing their wagers on a potential rate hike following remarks from the Fed’s Warsh regarding the need to address inflationary pressures. The EUR/USD pair is experiencing slight increases, hovering around … Read more
China’s Manufacturing PMI rose to 51.5 in August, bolstering the Australian Dollar. Australian building permits experienced a decline of 3.6% in July, which was an improvement compared to the expected downturn. Rising rate-hike expectations, influenced by comments from the Federal Reserve, limit the upside potential of the AUD/USD pair. AUD/USD appreciates for the second consecutive … Read more
USD/JPY advances to approximately 159.85 during the early European session on Tuesday. Japan’s 10-Year bond yield has reached 3% for the first time since 1996. Bessent anticipates that the Bank of Japan will implement measures to strengthen the Japanese Yen. The USD/JPY pair advances to approximately 159.85 in the early European trading session on Tuesday. … Read more
The USD/CHF experiences a decline as Jan Hatzius anticipates that the Federal Reserve will maintain its current interest rates unless forthcoming inflation data presents an unexpected increase. Jackson Hole remarks elevated September US rate hike expectations from 35% to 57.5%. Swiss rates remain stable, although markets are beginning to factor in possible increases commencing in … Read more
USD/CAD declines to near 1.3890 in Monday’s Asian session. US military forces have conducted strikes on Iranian launchers located on Larak Island. Expectations for a September rate hike by the Federal Reserve have increased in the wake of Warsh’s remarks. The USD/CAD pair declines to approximately 1.3890 during the Asian trading hours on Monday. Renewed … Read more
After China’s mixed NBS Purchasing Managers’ Index results, AUD/USD is still stable. China’s August Manufacturing PMI increased to 49.8, exceeding expectations, whereas the Non-Manufacturing PMI remained unchanged at 49.0. Australia’s TD-MI Inflation Gauge increased to 4.8% year-over-year in August, even as it experienced a monthly decrease to 0.5%. AUD/USD edges higher following a bearish gap … Read more
Japan’s Preliminary Q2 GDP increased by 0.3% on a quarter-over-quarter basis, falling short of the anticipated 0.5% growth. Annualised GDP reached 1.1%, complicating the Bank of Japan’s trajectory toward additional rate hikes. US Retail Sales declined by 0.6% in July, which has dampened market expectations regarding forthcoming Federal Reserve rate increases. USD/JPY experiences a decline … Read more
EUR/USD advances slightly to approach 1.1575 during the early hours of Monday’s Asian session. The probability of a September Federal Reserve rate increase has decreased to 33.1%. The United States and Iran persist in their ongoing conflict and contention regarding the Strait of Hormuz. The EUR/USD pair strengthens to approximately 1.1575 during the early Asian … Read more
RBA’s Kent observed that rate hikes are having an effect, although additional increases could be on the table should new risks arise. Softer US PPI inflation data has tempered expectations for Fed rate hikes, thereby bolstering the AUD/USD pair. Markets have adjusted the likelihood of a September Fed rate hike to 34.8% in light of … Read more
Softer US inflation and flat wholesale prices exert downward pressure on the US Dollar. Expectations for a rate hike by the Federal Reserve in September have decreased to approximately 35%. Swiss inflation has moderated to 0.4%, although expectations for long-term rate hikes by the SNB continue to be factored in. USD/CHF halts its four-day winning … Read more
