Tag Archives: Policy
policy
Week ahead: Markets test ground before Symposium
On Tuesday, August 20, the Canadian Consumer Price Index (CPI) is forecasted to rise by 0.40% month-over-month, a reversal from the previous decline of -0.10%. This data release could exert downward pressure on the USD/CAD if the pair has not already tested its low support areas.
Dollar eases on weak U.S. inflation data; kiwi plummets following rate cut
The U.S. dollar started Wednesday on shaky ground after tumbling overnight against major currencies, driven by a surprisingly benign reading on U.S. producer prices. This report has amplified expectations that the Federal Reserve might lean towards rate cuts later this year.
Australian dollar rises on hawkish hold from the RBA
The Australian dollar appreciates to near one-week high after RBA maintains cash rate at 4.35% and warns inflation remains high. US Fed rate cuts also influence the Aussie.
Japanese yen strengthens on BOJ rate hike speculations
The Japanese yen climbs high at 145 per dollar, driven by BOJ rate hike expectations and weak US jobs data. Explore the market implications and opportunities.
Dollar and yen remain steady as markets await BOJ and Fed decisions
The Japanese yen took a breather from its recent rally as the BOJ began its two-day meeting on Tuesday. Last week, the yen surged over 2% against the dollar.
Week ahead: Volatility anticipated for US markets
This week, expect some additional volatility in the US as a slew of important data releases hover in the horizon. Before we delve into that, we take a quick a look at some of the key observations this week. The Nasdaq 100, heavily influenced by tech stocks, continued its descent as earnings reports from majorContinue Reading
What forex traders need to know about BRICS’ de-dollarisation efforts
The dollar is king, but it is at risk of losing its throne.
Rupee edges higher with Asian peers; India awaits budget
The Indian rupee saw a modest rise on Tuesday, trading at 83.6250 against the U.S. dollar as of 09:30 a.m. IST, up slightly from its previous close of 83.6575.
Dollar eases as Biden withdraws reelection bid; yuan remains steady after rate cut
The dollar eased on Monday following U.S. President Joe Biden’s decision to end his reelection campaign, which opens the door for another Democrat to challenge Donald Trump. Will Kamala Harris’ bid prove to be sufficient?
Week ahead: Fed eyes rate cut amid economic shift
Fed Chair Jerome Powell recently emphasised that the latest inflation figures boost confidence in reaching the 2% inflation target, suggesting a potential rate cut in September. June retail sales in the US, excluding autos, rose by 0.4%, surpassing expectations.
