Share: USD/CHF prolongs its two-month-old uptrend and climbs to its highest level since late June. The Fed’s hawkish outlook, rising US bond yields underpin the USD and remain supportive. Investors now look to the SNB policy meeting for some impetus ahead of the US macro data. The USD/CHF pair touches its highest level
Share: AUD/USD gains positive traction on Friday and snaps an eight-day losing streak to the YTD low. Hope for more stimulus from China prompts intraday short-covering amid a mildly weaker USD. The Fed’s hawkish outlook and looming recession risks limit the USD losses and cap the major. The AUD/USD pair builds on the
Share: NZD/USD bounces off the two-month lows and holds ground near 0.6060 on Wednesday. The downbeat Chinese trade data exerts some pressure on the Kiwi. The US trade deficit narrowed sharply in June; Imports fell to the lowest level since November 2021. Investors await Chinese inflation data, New Zealand inflation expectations report. The
Share: NZD/USD consolidates in a narrow trading band through the early Asian session on Monday. The US wage inflation and employment data showed mixed results on Friday. The Federal Reserve (Fed) is likely to maintain tightening monetary policy far beyond 2024. The US Consumer Price Index (CPI) for July will be the key event to watch
Share: GBP/USD edges lower for the second straight day on Tuesday, albeit lacks follow-through. The USD climbs to a fresh multi-week top and turns out to be a key factor exerting pressure. The downside seems limited ahead of the BoE on Thursday and the US NFP report on Friday. The GBP/USD pair remains
Share: USD/CAD loses momentum following the Federal Reserve (Fed) meeting. The Fed hiked its rate by 25 basis points (bps) to a target range of 5.25%–5.5%. Market players anticipated that the BoC will likely not see the need to raise rates further this year. Investors await preliminary Q2 US GDP growth. The USD/CAD
