Share: USD/MXN faced a challenge due to risk-off sentiment. Israel-Hamas war could weigh on the Mexican Peso. Mexico’s Retail Sales declined to 0.4% (MoM) in August, while the annual data grew at 3.2%. Greenback receives upward support on improved US Treasury yields. USD/MXN aims to recover recent losses, trading around 18.2500 during the Asian
Share: Indian Rupee trades firmly, supported by the potential aggressive intervention by the Reserve Bank of India (RBI). A rise in US Treasury yields and higher crude oil prices might cap the upside of the Indian Rupee. Investors will focus on the RBI Forex swap maturity, US economic data. Indian Rupee (INR) posts
Share: GBP/USD struggles to extend gains as US Dollar rebounds. UK Retail Sales dipped to 0.9% against the expected 0.1% decline. Upbeat US Treasury yields provide support to underpin the Greenback. GBP/USD struggles to continue the winning streak. trading around 1.2160 during the Asian session on Monday. However, the currency pair encountered a hurdle
Share: AUD/USD recovers its losses ground above the 0.6300 mark in early Monday. Fed Chair Jerome Powell and other officials believe rates will stay on hold and may have peaked unless inflation rises. The latest Australian jobs data showed the labor market is easing. Market players will monitor the preliminary Australian S&P Global
Share: The Greenback lost substantially on Thursday after Powell did not bring anything new to the table. A very light data calendar on Friday offers room for traders to digest past week events. The US Dollar Index strengthened somewhat on Friday amid escalating tensions in the Middle East. The US Dollar (USD) lost
Share: Fed Chairman Jerome Powell will speak before the Economic Club of New York. Powell’s comments on monetary policy and interest rate path will be scrutinized by markets. The US Dollar could show significant reaction to Powell’s speech before the Fed’s blackout period begins on Saturday. Jerome Powell, Chairman of the Federal Reserve
Share: EUR/GBP hovers below the psychological level at 0.8700. The uncertainty over the BoE’s further policy actions put pressure on the Pound Sterling. ECB is expected to hold further interest rate hikes could weigh on the Euro. EUR/GBP trades higher around 0.8680 during the Asian session on Thursday. The uncertainty of the next
Share: Australian Dollar continues to gain post-release of the RBA Meeting Minutes. RBA board members favored to maintain the current interest rates. Australia’s Consumer Confidence declined to 76.4 compared to the previous figure of 80.1. US Dollar faces challenges due to the dovish comments made by multiple Fed members. Fed member Patrick Harker
Share: USD/JPY trades around 149.52, marking a slight gain of 0.02% from Monday. US 10-year Treasury bond yield climbs nine basis points to 4.70%, despite Philadelphia Fed Harker dovish comments. Japanese economic data to feature Balance of Trade; Yen watches for intervention threats. USD/JPY fluctuates at around 149.52 as Tuesday’s Asian session begins
Share: USD/MXN retreats from a two-day winning streak ahead of US economic figures. US Dollar faces a challenge after the weaker preliminary US Michigan Consumer Sentiment Index. Banxico is expected to keep interest rates higher; contributing support for the Mexican Peso. USD/MXN pulls back from the recent gains, trading lower around 18.0160 during the Asian
