Euro: Extends rebound as yields stabilize against US Dollar

Danske Research Team notes that EUR/USD has extended its rebound towards 1.1600 as European yields remain elevated while US Treasury yields stabilize after the recent spike. The team argues markets are pricing too many ECB rate hikes, suggesting scope for European rates to move lower, while upcoming FOMC Minutes remain the key catalyst for further […]

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 […]