Australian Dollar ticks up from intra-week lows with all eyes on Fed minutes
The Australian Dollar (AUD)has bounced up from intra-week lows against the US Dollar (USD) on Friday, although the daily chart remains negative. The AUD/USD pair struggles to regain a previous support area above 0.7080 at the time of writing, after finding support at the 0.7065 area earlier on the day. The Greenback is giving away […]
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 […]
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 […]
Japanese Yen stays on the back foot despite hawkish BoJ expectations
USD/JPY extends its sideways movement below the 160 psychological mark on Tuesday as the US Dollar (USD) struggles to gain traction. Receding expectations of a Federal Reserve (Fed) interest-rate hike at the upcoming meeting weigh on the Greenback, even as tensions in the Middle East keep the monetary policy outlook uncertain. At the time of […]
LNG inflows key for prices – Commerzbank
Commerzbank’s Norman Liebke argues that European gas storage will depend on higher LNG imports over winter, as current inflows of 8 bcm per month would see storages trend toward 0% by March. He considers 10 bcm realistic, but warns that delayed import recovery, strong Asian demand and missing Qatari LNG raise upside risks for European […]
British Pound dips to fresh lows near 1.3520 after mixed UK employment data
The British Pound (GBP) extends its reversal against the US Dollar (USD) on Tuesday as June’s UK unemployment data fails to convince investors in an already risk-off market, as tensions in the Middle East rise. The GBP/USD trades at 1.3522 at the time of writing, following rejection at the 1.3570 area on Monday. UK ILO […]
Gold dips as oil-fueled inflation risks and US-Iran tensions lift USD
Gold (XAU/USD) attracts some sellers following a modest Asian session uptick on Tuesday, stalling a two-day move higher from the $4,300 neighborhood. The US Dollar (USD) builds on the overnight bounce from a two-month trough as inflation risks stemming from higher crude oil prices underpin prospects for at least one interest rate hike by the […]
Australian Dollar gains as US Dollar struggles amid fading Fed rate hike bets
AUD/USD extends its gains for the third successive day, trading around 0.7110 during the Asian hours on Tuesday. The currency pair continues to appreciate as the US Dollar (USD) remains subdued amid fading expectations for further rate hikes by the Federal Reserve (Fed). A recent, unexpected decline in July US Nonfarm Payrolls, combined with last […]
