Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
India M3 Money Supply: 11.6% (December 15) vs 11.2%
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
USD/CHF experiences downward pressure on improved sentiment, trades around 0.8430
Share: USD/CHF trades lower as the Greenback weakens on improved risk appetite. Lower US bond yields indicate a strong bias toward easing of Fed’s tightening. Swiss Franc gains ground on heightened risk aversion due to Middle East conflict. … [Continue reading]
USD/INR loses traction amid thin holiday trading
Share: Indian Rupee holds positive ground despite the mild recovery of the USD. RBI’s Das said that India is one of the world’s fastest-growing major economies with a rising potential growth profile. The December’s US Chicago Purchasing Managers’ … [Continue reading]
USD/CAD digs in for a Thursday rebound from 1.3200
Share: USD/CAD bounced back from multi-month lows near 1.3200. CAD getting dragged down by a pullback in Crude Oil. Broad-market risk appetite sours after surprise bump in Treasury yields. The USD/CAD climbed back over the 1.3200 handle on … [Continue reading]
AUD/USD churns around 0.6850 heading into the year-end
Share: The Aussie sees some rough sideways action in year-end trading. Broad-market US Dollar sell-off flows keeping AUD/USD pinned near the top. US data dominates the docket to wrap up 2023. The AUD/USD briefly touched multi-month highs just … [Continue reading]
USD/CAD to fall to around 1.3% next year – SocGen
Share: If the US Dollar weakens in general, it is likely to do so against the CAD, too, economists at Société Générale report. Fed and BoC to ease monetary policy at a similar pace to each other The biggest drivers of USD/CAD will probably be the … [Continue reading]
EUR/CHF: Franc to retreat from multi-year highs against other G10 crosses – ANZ
Share: The Swiss Franc finishes 2023 as the top G10 performer. Economists at ANZ Bank analyze CHF outlook. Weaker EU growth is associated with a stronger CHF TWI on a broader time horizon We think the SNB will be less concerned with supporting CHF … [Continue reading]
Australian Dollar pulls back toward a major level ahead of US data releases
Share: Australian Dollar continues to reach fresh highs on the subdued US Dollar. Australian robust economic conditions influence the RBA to maintain its hawkish stance. China's NDRC's Chairman, Zheng Shanjie mentioned that China will strive to … [Continue reading]
EUR/USD holds above the 1.1100 mark, US Jobless Claims data eyed
Share: EUR/USD drifts higher to the highest since July above 1.1100 on Thursday. The evidence of cooling inflation helped to convince policymakers about the rate cuts next year. Lagarde added that the ECB should not lower the guard and central … [Continue reading]