The NZD/USD pair has been gaining momentum, reaching as high as 0.6280 in the early Asian session, marking its highest level since January 4. This uptick in the New Zealand Dollar (NZD) can be attributed to the recent surge in New Zealand’s Business confidence. According to the ANZ Business Outlook Survey, business confidence in New
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The Indian Rupee has been under pressure in Wednesday’s early Asian session, driven by the weakening of Asian peers and increased demand for the US Dollar. However, positive sentiments in domestic markets and dovish comments from Federal Reserve Chair Jerome Powell at the Jackson Hole meeting may provide some support to the local currency. Investors
The Indian Rupee has weakened in Tuesday’s early Asian session due to month-end USD demand and higher crude oil prices. Traders are anxiously awaiting the US August CB’s Consumer Confidence report, as well as other key events scheduled later this week. According to Anuj Choudhary, a Research Analyst at Sharekhan by BNP Paribas, the rupee
The Dow Jones Industrial Average reached a historic peak on Monday, although major tech companies decided to pause, resulting in a mixed finish for U.S. stock indexes. While the S&P 500 dropped by 0.3%, getting close to its July record which is only 0.9% away, the Nasdaq experienced a 0.9% decline. This decrease can be
The S&P 500 showed signs of recovery after a weak Thursday close, with indications suggesting that interest rate sensitive plays would perform better than large caps on Friday. This shift was seen as a result of rates not posing a threat and growing confidence in a soft landing. The implications of this were evident in
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The AUD/USD pair experienced a drop, adjusting to 0.6950, due to a USD recovery, strong Australian PMIs, and the hawkish views of the Reserve Bank of Australia (RBA). The pair saw a moderate decline on Thursday after a significant rally in the previous sessions. The narrative of monetary policy divergence between the Federal Reserve (Fed)
The Australian Dollar has shown signs of advancing its gains as the Reserve Bank of Australia (RBA) Minutes indicated that current cash rates are likely to remain for a longer period. This suggests that a rate cut in the near future is unlikely. RBA’s August Meeting Minutes have played a significant role in boosting the
The USD/CHF pair has been experiencing a downward trend, currently trading near 0.8620. The weakening US Dollar can be attributed to the market’s expectation of three quarter-point rate cuts by the Federal Reserve this year. This anticipation has put pressure on the USD, resulting in a bearish sentiment for the currency pair. The upcoming speech
In the Asian session on Tuesday, the New Zealand Dollar saw a significant increase in momentum. This rise in the currency was primarily driven by a positive risk sentiment that weighed on the US Dollar and subsequently lifted the NZD/USD exchange rate. Investors were eagerly awaiting the rate decision from the People’s Bank of China
The USD/JPY pair showed signs of gaining some positive traction on Monday but struggled to capitalize on the move. Despite a modest uptick during the Asian session to the 148.00 mark, the pair dropped to a fresh daily low in the last hour of trading. Currently trading just below the mid-147.00s, the pair appears vulnerable
Following the University of Michigan Sentiment figures and housing market data, the US Dollar experienced a decline. Despite this, markets remain confident about a potential rate cut by the Federal Reserve in September. The Greenback has shown sensitivity to data releases, with traders closely monitoring economic indicators for clues about the future direction of the
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