Further depreciation seen against US Dollar – Commerzbank
Commerzbank FX analyst Tatha Ghose highlights persistent inflation pressures and renewed current account deterioration as key drivers for continued weakness in the Turkish Lira against the Dollar. The bank’s forecasts show USD/TRY rising from 48.00 in September 2026 to 57.00 by December 2027, reflecting expectations of ongoing depreciation despite tight monetary policy and heavy FX […]
CPI-driven moves point to near-term stability – MUFG
Lee Hardman at MUFG reports that the US Dollar’s initial post-CPI weakness quickly reversed, with the dollar index returning to around 100.00 as markets trimmed but did not abandon expectations for a September Fed hike. July CPI matched consensus, with energy driving headline gains while core inflation remains contained. MUFG expects the Fed to leave […]
British Pound drifts away from 1.3500 as weak UK Industrial Production offsets bright GDP data
The British Pound (GBP) treads water against the US Dollar (USD), trading practically flat, a few pips below the 1.3500 level on Thursday’s early London session. The bright UK second quarter Gross Domestic Product (GDP) release has been offset by downbeat factory output figures, while the US Dollar keeps wavering within range, as Federal Reserve (Fed) […]
XAG/USD wobbles around $65.40, easing hawkish Fed bets strengthen outlook
Silver price (XAG/USD) trades in a tight range at around $65.40 during the Asian trading session on Thursday. The Silver price struggles for a direction; however, an expected slowdown in United States (US) inflationary pressures in July has improved its outlook. On Wednesday, the US Bureau of Labor Statistics reported that the headline Consumer Price […]
50-day SMA caps sideways trading
The GBP/JPY holds firm on Wednesday at around 215.00, as neither buyers nor sellers are reluctant to open fresh directional bets amid fears of renewed intervention in the FX markets by US and Japanese authorities to propel the Yen. At the time of writing, the cross-pair hovers below the 50-day Simple Moving Average (SMA), barely […]
Fading bullish momentum puts focus on 1.1500 support
EUR/USD edges lower on Wednesday, reversing earlier gains as the US Dollar (USD) shrugs off in-line US Consumer Price Index (CPI) data. At the time of writing, the pair trades around 1.1521 after touching an intraday high of 1.1563. The US Dollar weakened immediately after the inflation report as headline and core CPI eased to […]
Indian Rupee falls further as oil prices extend surge, India-US CPI awaited
The Indian Rupee (INR) extends its decline against the US Dollar (USD) on Wednesday as the former continues to face pressure due to surging oil prices. In the opening session, USD/INR trades slightly higher to near 95.45. The MCX Crude Oil contract expiring on August 19 trades 1% higher to near Rs. 8,040. Currencies from […]
RBA keeps door open – Rabobank
Rabobank’s Senior Macro Strategist Bas van Geffen reports that the Australian Dollar (AUD) slipped briefly after the RBA left its policy rate unchanged, as markets interpreted the statement and downgraded growth and inflation forecasts as dovish. Governor Bullock later stressed that another hike is “quite possible” and that the economy remains above capacity, while Rabobank’s […]
Aussie spikes down below 0.7050 as RBA’s Bullock speaks
The Australian Dollar (AUD) has reacted with moderate declines against the US Dollar (USD) following Reserve Bank of Australia Governor Michelle Bullock’s speech on Tuesday. The AUD/USD spiked down below 0.7050, from Monday’s highs near 0.7075, as Bullock addressed the press, following the bank’s monetary policy decision, to regain lost ground shortly afterwards. The RBA […]
Japanese Yen holds range in thin holiday trading amid intervention speculations
USD/JPY moves little after posting nearly 1% gains in the previous day, trading around 159.30 during the Asian hours on Tuesday. The pair moved little today, trading in tight ranges as market volumes remained thin with Japanese markets closed for the Mountain Day holiday. The Japanese Yen (JPY) has retraced about half of the gains […]
