USD/JPY was trading around the psychological level of 149.10 in Asia on Wednesday, hovering just below its high since November. The market cautiously increased U.S. bond yields, supporting the dollar…
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The U.S. dollar index consolidated after breaking through the 106.00 mark The Fed’s “longer-term interest rate hike” argument supports the U.S. dollar index Weekly mortgage applications and durable goods orders…
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Yesterday we believed that “downside risks to GBP are limited.” We expected it to trade in the 1.2170/1.2245 range. Contrary to range trading, GBP fell to a low of 1.2154.…
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USD/CNH hovers around 7.3125 after Chinese data China Conference on Chamber of Commerce Consumer Confidence Index rose to 103.0 in September from the previous value of 108.7 China’s industrial profits…
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After the euro fell sharply to a low of 1.0572 on Monday, we emphasized yesterday that “there is room for the euro to fall further to 1.0555 before it is…
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USD/MXN strengthened on Tuesday’s upbeat U.S. economic data. The Federal Reserve is expected to raise interest rates before the end of the year; the dollar strengthens. Traders will focus on…
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In Asia on Wednesday, the USD/INR did not extend its gains over the past two days and remained within a narrow range. USD/INR is currently trading just below the monthly…
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During the Asian session on Wednesday, the NZD/USD exchange rate traded in negative territory for two consecutive days. A stronger U.S. dollar and risk aversion supported the pair’s gains. The…
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In Asia on Wednesday, GBP/USD continued its downward trend since September 20, trading below 1.2150. Better U.S. economic data weighed on GBP/USD. The Conference Board’s consumer confidence index released on…
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AUD/USD fell for the third day in a row despite poor Australian inflation data. However, AUD/USD failed to gain ground on rising Australian consumer prices as the market maintained a…