Swiss Franc strengthens as US Dollar falls on fading Fed rate hike expectations

USD/CHF depreciates after registering modest gains in the previous day, trading around 0.8120 during the Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) weakens amid easing expectations of a US interest rate hike next month. Recent economic data showed that US Retail Sales dropped in July for the first time in […]

New Zealand Dollar slips as USD firms on yields before FOMC Minutes

The NZD/USD pair is seen extending this week’s retracement slide from the 0.5925 area, or the highest since June 3, and drifting lower for the second straight day on Wednesday. Spot prices dropped back closer to mid-0.5800s, hitting fresh weekly low during the Asian session amid a firmer US Dollar (USD) as the focus remains […]

Bearish Won view with 1,400 support – TD Securities

TD Securities turns bearish on the Korean Won, arguing USD/KRW is likely to find support around 1,400 as prior KRW strength fades. They have entered short KRW positions versus both the Dollar and Japanese Yen via NDFs, citing stretched valuation, waning momentum and negative correlation to AI equities, while flagging unhedged foreign inflows as the […]