[ad_1] Investing.com– Most Asian currencies rose on Wednesday as less hawkish signals from Federal Reserve officials ramped up hopes for an early interest rate cut in 2024, which put the dollar near four-month lows. The was the best performer for the day, rallying nearly 1% after the Reserve Bank of New Zealand , but flagged
[ad_1] © Reuters. FILE PHOTO: Woman holds U.S. dollar banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Jamie McGeever ORLANDO, Florida (Reuters) -The rise in U.S. rate cut expectations for next year seems to have prompted hedge funds to cool their optimism on the dollar, potentially weakening a key plank of
[ad_1] US DOLLAR FORECAST – EUR/USD, GBP/USD, AUD/USD The U.S. dollar extends losses, sinking to its weakest point since early August Meanwhile, EUR/USD, GBP/USD and AUD/USD break out to the topside, clearing key price levels in the process This article focuses on the technical outlook for top forex pairs Trade Smarter – Sign up for
[ad_1] © Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Brigid Riley and Alun John TOKYO/LONDON (Reuters) -The U.S. dollar hit a three-month low against a basket of peers on Tuesday before steadying, as traders continued to unwind long dollar positions before this week’s
[ad_1] Share: GBP/USD Forecast: Bulls maintain the pressure, aim for 1.2700 and beyond The British Pound retains its strength against the US Dollar, with GBP/USD comfortably trading above the 1.2600 threshold after peaking on Monday at 1.2644, its highest since last August. On the one hand, the GBP benefited from hawkish comments from
[ad_1] AUD/USD ANALYSIS & TALKING POINTS Australian retail sales figures show high interest rate environment may be weighing negatively on consumers. US economic data and Fed speakers under the spotlight later today. AUD/USD 200-day MA break could expose long-term trendline resistance once more. Elevate your trading skills and gain a competitive edge. Get your hands
[ad_1] © Reuters. In recent currency market movements, the US dollar has softened, touching its lowest point for November. The Bloomberg Dollar Spot Index (BBDXY), which tracks the greenback against a basket of other major currencies, has descended to a nadir for the month. The Japanese yen, on the other hand, has seen appreciation amid
[ad_1] The dollar remains in a vulnerable spot once again, with USD/JPY eyeing a potential drop below 148.00 and inching back towards a retest of the October low at 147.27. Meanwhile, the antipodeans are off to a strong start this week with AUD/USD and NZD/USD both climbing above their respective 200-day moving averages in sealing
[ad_1] © Reuters. Investing.com – The U.S. dollar drifted lower Monday at the start of a data-packed week, while sterling gained on a degree of confidence returning to U.K. consumers. At 04:00 ET (09:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, fell 0.1% to 103.262, heading for
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