Dollar slips off six-month high, yuan boosted by China data By Reuters

© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Elizabeth Howcroft LONDON – The U.S. dollar was just below a six-month high in early European trading on Friday, having strengthened overnight following U.S. economic data, while the yuan got a boost from better-than-expected Chinese

New Zealand Dollar After US CPI; NZD/USD, EUR/NZD, AUD/NZD Price Action

NZD/USD, AUD/NZD, EUR/NZD – Outlook: NZD/USD is holding above channel support, but there is no sign of reversal of the downtrend. AUD/NZD remains well within its recently established range; EUR/NZD’s downside could be limited. What is the outlook for NZD/USD, EUR/NZD, and AUD/NZD? Recommended by Manish Jaradi Building Confidence in Trading NZD/USD: Holding the above

ECB hawks trying to keep the door open for more rate hikes

This might be what is helping the euro a little so far today, as the FT is reporting that several of the ECB’s more hawkish members are of the view that there could be another rate hike in December if wages and inflation pressures continue to persist. It cites three policymakers in saying that: “I

How Will the US Dollar React to Fed Rate Decision Next Week?

US Dollar Scenarios Ahead of FOMC – Talking Points: The US dollar’s short-term uptrend remains intact ahead of the FOMC meeting. The Fed is highly likely to keep rates unchanged next week. The Statement of Economic Projection could be particular interest. How is the greenback likely to react? Recommended by Manish Jaradi Traits of Successful

Asia FX rises on China optimism, dollar at 6-mth high By Investing.com

© Reuters. Investing.com– Most Asian currencies rose on Friday as more stimulus measures and positive economic readings from China helped boost risk appetite, while the dollar traded near six-month highs. China announced another cut to its reserve requirements for local banks, unlocking more liquidity to support a slowing economic recovery. and data also read higher

Bulls have the upper hand, could aim to test all-time peak near 83.45

Share: USD/INR is seen consolidating in a narrow band just above the 83.00 mark. The technical setup favours bulls and supports prospects for additional gains. Any meaningful corrective slide is likely to get bought into and remain limited. The USD/INR pair struggles to capitalize on its modest gains registered over the past two