The US Dollar trades mildly up as the possible escalation in the Middle East conflict drives flows towards the Greenback. Fed speakers are starting to align with market expectations for gradual to no rate cuts this year. The US Dollar … [Continue reading]
DXY: Rejected at 200-DMA – OCBC
The Dollar Index (DXY) drifted lower, tracking the decline in UST yields. DXY was last at 103.60 levels, OCBC’s FX analyst Frances Cheung and Christopher Wong note. DXY pullback is not ruled out “Softer housing data was the trigger. Elsewhere, Fed’s … [Continue reading]
USD/INR edges lower on softer US Dollar
The Indian Rupee strengthens in Monday’s Asian session. Substantial equity outflows could undermine the INR, but likely RBI intervention might cap its losses. Investors await Fedspeak on Monday for fresh impetus. The Indian Rupee … [Continue reading]
EUR/USD hovers near 1.0850, downside seems possible due to shift in policies outlook
EUR/USD may face challenges due to market perception changes regarding central banks’ policy outlooks. The US Dollar gained ground due to the fading likelihood of an aggressive rate cut by the Fed in November. The ECB may accelerate its pace of … [Continue reading]
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XRP rally likely as SEC appeal does not contest legal clarity of Ripple’s token
XRP traders around $0.55 on Friday, gains less than 1% on the day. SEC’s appeal in Ripple lawsuit is now publicly available and does not raise a question on the altcoin’s legal status. SEC vs. Ripple lawsuit’s July 2023 ruling provided … [Continue reading]
Gold hits all-time highs on concerns about Middle East, US elections
Gold rises 0.98%, reaching $2,720 as geopolitical tensions and US election concerns drive demand for safe-haven assets. Falling US Treasury yields and the weakening US Dollar further boost Bullion prices, with the US Dollar Index dropping to 103.45. … [Continue reading]
EUR/USD snaps four-day losing streak, but its a long way up
EUR/USD rebounded on Friday, clipping a week-long losing streak. A last-second recovery in Fiber bids came from broad-market Greenback weakness. The Euro remains poised for further losses after another rate cut from the ECB this week. EUR/USD … [Continue reading]
Mexican Peso ends day with losses, down over 3% weekly
Mexican Peso gained 0.90% earlier on Friday but erased gains amid a weaker US Dollar. US Dollar Index hit a two-month high before retreating to 103.48, down 0.23% on Friday. China's stimulus measures provided brief support to the Peso. The Mexican … [Continue reading]
GBPUSD extends meager recovery from 1.30
GBP/USD found the gas for a thin rally on Friday. Upbeat UK Retail Sales figures helped the Pound find its footing. A broad-market pivot out of the Greenback further aided Dollar pairs. GBP/USD extended a near-term recovery rally to wrap up the … [Continue reading]