As the Fed shifts towards tightening the monetary policy, riskier currencies are on the retreat. AUD sank to a new 9-month low at around 0.7127 against USD, falling 3.14% in this week so far. NZD drop...
The meeting minutes on Fed’s meeting from July 27-28 have been released. During the meeting, Fed officials commented that the asset purchasing program might be eased if the economy continues to improv...
RBNZ decided earlier to hold rates constant as the country is still in lockdown. The interest rate is unchanged at 0.25%. RBNZ expressed that, policy direction mostly depends on COVID. Delta variant h...
USD and JPY both rose on Monday against riskier currencies such as AUD, NZD, and CAD. The rising strength of safe-haven currencies has implied some worries over the current political environment. Thou...
USD net longs rose last week to the peak since last March, according to Reuters calculations. The total value of the net long position rose to $3.08 billion last week, compared with $2.11 billion a we...
EURGBP was up on Friday morning in Asia, as the UK released multiple economic data that appeared less promising. UK GDP grew at 4.8% from April to June, bouncing back from -1.8% in the previous quarte...
The latest released US inflation data showed that CPI rose by 0.5% last month, in line with the market expectation. Compared with the 0.9% last month, the data provided some assurance for investors. U...
USD hovers around its four-month high against EUR and five-week high against JPY on Wednesday. Traders are waiting for the US inflation data to test the pressure on Fed. DXY Index has breached the 93-...
USD continues its upward trend on Tuesday morning, maintaining the strong momentum over the expectation that the Fed would begin asset tapering soon. Aside from the nonfarm payrolls released on Friday...
Investors are still digesting the extraordinary nonfarm payrolls released last Friday. DXY Index spiked upon release to nearly 93 but quickly adjusted back. Currently, the Index is trading at 92.767, ...