AUD/USD falls as the USD regains strength. RBA holds rates steady but remains hawkish, citing inflation risks. The Fed’s neutral outlook suggests caution regarding future rate cuts. The AUD/USD pair declined by 1.25% to 0.6600 on Friday, continuing its downtrend. The renewed strength of the US Dollar weighs on the pair despite improved risk sentiment….
The Japanese Yen attracts some flows amid fears of a possible government intervention. The BoJ rate-hike uncertainty and the risk-on mood could cap gains for the safe-haven JPY. The emergence of some USD dip-buying could further offers some support to USD/JPY. The Japanese Yen (JPY) reverses a modest Asian session dip and looks to build…
Gold goes out of favor as capital piles into the US Dollar, Bitcoin and Stocks. Donald Trump is now expected almost certainly to be the next US President. Technically, XAU/USD extends its short-term downtrend to key support. Gold (XAU/USD) trades down by half a percent in the $2,720s on Wednesday due to the US Dollar…
EUR/USD climbs to near 1.0900 as the US Dollar faces intense selling pressure ahead of the US presidential election and the Fed’s policy announcement. The latest polls have shown Harris having a slight advantage over Trump. The Fed is expected to cut interest rates again on Thursday, but at a slower pace than the 50…
Mexican Peso tanks as USD/MXN rises over 1.50% weekly, reaching new yearly highs. US Dollar Index climbs as Treasury yields jump, boosting Greenback strength. Mexican economic data shows resilience, but US elections add uncertainty for emerging market currencies. The Mexican Peso depreciated sharply against the Greenback on Friday and recorded new yearly highs of 20.29,…
US Dollar retreated after posting solid gains in recent weeks. Nonfarm Payrolls increased by 12,000 in October, falling short of market expectations. Markets remain almost fully pricing in a 25 bps cut by the Fed next week. The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies,…
The US Dollar recovered modestly after a discouraging Nonfarm Payrolls report sent it sub-104.00. The steady unemployment rate and the uptick in hourly wages have tempered the negative reaction on the USD. The index bounced from an intraday low of 103.68, with technical indicators showing a growing bearish momentum. The US Dollar Index (DXY) has regained…
US Dollar holds its ground at the end of the week, remains in consolidation mode. Fed officials remain cautious on inflation, as Durable Goods Orders miss market expectations. Markets continue to see two cuts by year-end. The US economy remains robust with GDPNow tracking third-quarter growth at 3.4%. The strong economic outlook might push the…
Gold remains elevated amid renewed Middle East hostilities. US election uncertainty adds to gold’s appeal, with polls showing a tight race between Trump and Biden in key swing states. Rising US Treasury yields and a rebounding Dollar cap gains, with DXY up 0.29% and limiting further upside for the yellow metal. Gold price remains firm…
The Japanese Yen edges lower following the release of Tokyo consumer inflation figures. The USD stalls the overnight slide from a multi-month top and lends support to USD/JPY. Traders remain on the sidelines amid the uncertainty ahead of Japan’s general election. The Japanese Yen (JPY) struggles to capitalize on the previous day’s recovery move against…