EUR/USD trades with a mild negative bias to around 1.0415 in Friday’s Asian session. The US Initial Jobless Claims declined to the lowest in a month last week. The dovish ECB bets might weigh on the Euro in the near term. The EUR/USD pair drifts lower to around 1.0415 during the Asian trading on Friday. Trading…
The Bank of Japan (BoJ) board members shared their views on the monetary policy outlook on Tuesday, per the BoJ Minutes of the October meeting. Key quotes The policy interest rate remained at 0.25%. The board member emphasized a cautious approach to monetary policy amid domestic and global uncertainties. If inflation trends align with expectations, gradual rate hikes…
The Indian Rupee holds steady in Wednesday’s Asian session. Outflows from local equities and the widening of India’s November merchandise trade deficit could weigh on the INR. The Fed interest rate decision will take center stage on Wednesday. The Indian Rupee (INR) trades on a flat note on Wednesday after reaching a new record low…
Here is what you need to know on Friday, December 13: The US Dollar (USD) Index continues to push higher early Friday and trades at its strongest level in over two weeks above 107.00 after closing in positive territory every day this week. Eurostat will publish Industrial Production data for October and the US economic…
The Australian Dollar appreciates following the domestic mixed labor market. Australia’s Employment Change rose by 35,600 in November, exceeding the previous 12,100 and the expected 25,000 readings. Traders still expect the Fed to proceed with a quarter-point rate cut in December following the latest US CPI report. The Australian Dollar (AUD) halts its two days…
The Australian Dollar holds losses as RBA Governor Bullock discussed the risks of rising inflation have eased. The RBA decided to hold the Official Cash Rate steady at 4.35% in its final policy meeting in December. The US Dollar continues to gain ground ahead of US Consumer Price Index data due on Wednesday. The Australian…
The Australian Dollar softens in Thursday’s Asian session. Slower-than-expected Australian Q3 GDP and heightened expectations of RBA’s dovish stance exert some selling pressure on the Aussie. The US weekly Initial Jobless Claims and Goods Trade Balance are due later on Thursday. The Australian Dollar (AUD) remains under selling pressure on Thursday. The disappointing Australian economic…
The Indian Rupee extends its downside in Tuesday’s Asian session. Trump’s tariff threat, foreign fund outflows, and a stronger USD weigh on the INR. The US October JOLTs Job Openings will be released on Tuesday. The Indian Rupee (INR) remains under pressure on Tuesday after depreciating to a fresh all-time low in the previous session….
The US Dollar off the lows for this Friday with markets nervous on France’s budget talks possibly toppling the government. Monday’s opening might get choppy if French Prime Minister Michel Barnier is unable to secure a deal with the far-right National Rally party. The US Dollar Index is back above 106.00 and is looking for…
The US Dollar Index receives downward pressure from optimism in bond market. 2-year and 10-year bond yields depreciate to 4.21% and 4.23%, respectively. US data indicated a resilient economy, suggesting that the Fed may adopt caution in 2025. The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six other…