There appears to be a state of anxious tranquillity in the foreign exchange market. The US dollar is predominantly trading within narrow ranges, exhibiting minimal changes in levels. The euro is currently experiencing a range of approximately 15 ticks, while the greenback is limited to a movement of less than a quarter of a yen. Read More
The US dollar is predominantly stronger today, yet remains largely confined within the established ranges observed recently against the majority of G10 currencies. The news stream is relatively sparse; however, the United States has intensified its military actions against Iran, and August WTI has returned to approximately $80 per barrel. The eurozone’s May industrial output Read More
On Wednesday, the dollar continued its decline from its two-week high as inflation data came in lower than expected, dampening expectations of a rate hike from the Federal Reserve soon. This was amid worries that rising oil costs could lead to inflation. Against the yen, the dollar fetched 162.08, reflecting a decline of 0.1%. The Read More
The US dollar exhibits a mixed performance. The Japanese government has reportedly decided against a formal overhaul of the allocation of the government’s pension funds, contrary to prior indications before the weekend. As a result, both the yen and JGBs are experiencing a softer performance today. Since last week’s hawkish hold by the Reserve Bank Read More
The US dollar is exhibiting a weaker performance against the majority of currencies today.The primary characteristic is the yen’s recovery, which is not a result of significant intervention but rather a response to the finance minister’s appeal for Japanese pension funds to increase their investments in domestic assets. The Nikkei experienced a rally of 1.2%, Read More
With the uncertainty of the current geopolitical landscape, the US dollar is primarily stabilising, exhibiting a weaker tendency against the G10 currencies. Outside of the New Zealand dollar, which continues to benefit from yesterday’s rate hike, and the Canadian dollar, exhibiting slight weakness, the remaining G10 currencies are experiencing gains of less than 0.15% as Read More
The U.S. dollar maintained its strength against the majority of major currencies on Thursday, as renewed hostilities between the U.S. and Iran spurred safe-haven demand, while rising oil prices intensified expectations for interest rate increases, thereby exerting pressure on the Japanese yen. The dollar fetched 162.425 yen, remaining close to its strongest level in a Read More
The U.S. dollar reached its highest levels in a week during Asian trade on Wednesday, coinciding with renewed strikes on Iran. Meanwhile, New Zealand’s currency experienced a notable increase following the central bank’s decision to raise interest rates and indicate potential further tightening. The greenback strengthened 0.2% to 162.46 yen, marking its fourth consecutive day Read More
The US dollar exhibits strength against the G10 currencies, with the exception of the Japanese yen.It is currently positioned around the JPY162 mark during the European morning, with options amounting to $2.2 billion set to expire later today. Germany reported a 0.9% rise in May industrial output, exceeding expectations and aligning with the largest increase Read More
Two significant developments have emerged this week, both of which are clearly observable today. The first is the ongoing decline in oil prices. August WTI has declined nearly 9% this week, following a similar drop last week and a 5.25% decrease the week prior. It is currently around $69, in contrast to just under $66 Read More
