[ad_1] © Reuters The US dollar is forecasted to maintain its strength through the end of 2023, despite traditional weakness in the November-December period. This strength is driven by US macro outperformance and a hawkish Federal Reserve. High US rates, described as risk-negative events, are positively influencing the dollar while adversely affecting pro-cyclical currencies in
[ad_1] © Reuters. Visa (NYSE:), in collaboration with HSBC and Bank, has completed the first phase of a Central Bank Digital Currency (CBDC) trial in Hong Kong. The trial, backed by Beijing’s central government, achieved “near real-time” transfers using tokenized electronic Hong Kong Dollar (e-HKD) deposits while preserving non-bank users’ information privacy. The pilot functioned
[ad_1] © Reuters. Investing.com– Most Asian currencies advanced on Friday, while the dollar eased further as traders bet that the Federal Reserve was done with its interest rate hikes, although anticipation of key nonfarm payrolls data kept gains in check. Regional trading volumes were also somewhat muted on account of a Japanese market holiday. Rate-sensitive,
[ad_1] © Reuters. FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. REUTERS/Dado Ruvic/Illustration/File Photo By Samuel Indyk LONDON (Reuters) – The dollar fell broadly on Thursday, with risk-sensitive Asia-Pacific currencies leading gains as investors grew more convinced of a likely peak in
[ad_1] RAND TALKING POINTS & ANALYSIS MTBPS, manufacturing PMI and vehicle sales data paint a poor picture of the local economy. US jobs data in focus later today. USD/ZAR finds resistance at 18.50 and 200-day MA. USD/ZAR FUNDAMENTAL BACKDROP Macro-economic fundamentals underpin almost all markets in the global economy via growth, inflation and employment –
[ad_1] © Reuters. FILE PHOTO: Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/Illustration/File Photo By Harry Robertson and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) – The struggling yen rose from a one-year low against the U.S. dollar and a 15-year trough versus the euro on
[ad_1] © Reuters Investing.com– Most Asian currencies strengthened on Thursday, while the dollar fell sharply after mixed signals from the Federal Reserve ramped up bets that the central bank will not raise interest rates further. The was among the best performers for the day, surging 0.7% and blazing past weaker-than-expected . Markets were growing increasingly
[ad_1] FOMC INTEREST RATE DECISION KEY POINTS The Federal Reserve stands pat on monetary policy, keeping interest rates unchanged at 5.25%-5.50% for the second straight meeting Forward guidance leaves the door open for further policy firming Gold and the U.S. dollar display limited volatility after the FOMC statement was released as traders await Powell’s press
[ad_1] Share: Canadian Dollar falls back as broader markets turn into the US Dollar. Canada GDP flattens as economy lags, odds of future rate cuts beginning to rise. Fed’s Wednesday rate call has markets twisting, USD is Tuesday’s best performer. The Canadian Dollar (CAD) has seen a quick end to its almost-rally on
[ad_1] AUD/USD ANALYSIS & TALKING POINTS Weak Chinese factory activity figures limit AUD upside. US CB consumer confidence in focus later today. Bulls attempt upside breakout as descending triangle resistance comes under pressure. Elevate your trading skills and gain a competitive edge. Get your hands on the Australian dollar Q4 outlook today for exclusive insights
