Stories tagged “Forex.”
30 stories
Sterling today: Pound dips on firm dollar; EUR/GBP at 16-month low
Sterling traded lower against a firm dollar, while the euro fell to a 16-month low against the pound, influenced by rising oil prices and French fiscal concerns.
Euro faces political, fiscal reckoning as it hovers near 17-month low
The euro is struggling near a 17-month low against the dollar and British pound, pressured by political uncertainty and high debt levels in the euro zone, particularly France, while the dollar strengthens on elevated US Treasury yields.
Dollar edge lower after softer-than-expected U.S. payrolls data
The U.S. dollar edged lower following softer-than-expected nonfarm payrolls data, easing fears of aggressive rate hikes, while the Japanese yen firmed on strong Tokyo inflation figures.
Citi sees euro downside risk to 1.0850 on peripheral widening
Citi maintains its 0-3 month EUR/USD forecast at 1.1350 but identifies tactical downside risk to 1.0850. This potential move reflects an overshoot of fair value if peripheral bond widening and European bank selling continue without changes in relative interest rates.
Sterling today: Pound slips as oil-fuelled dollar demand builds
The British pound and euro both declined against the dollar as stalled US-Iran talks pushed Brent crude prices higher, strengthening demand for the U.S. currency.
Asian currencies mixed as dollar holds high, Aussie slips after RBA hike
Asian currencies showed mixed performance as the U.S. dollar maintained a two-month high, driven by elevated Treasury yields and Fed tightening expectations. The Australian dollar slipped after a widely anticipated RBA rate hike, while the Japanese yen weakened despite in…
Dollar holds near two-month high as oil, data bolster Fed rate bets
The U.S. dollar is holding near two-month highs, poised for its strongest monthly gain since June, driven by surging oil prices and robust economic data that reinforce expectations for higher Federal Reserve interest rates.
Dollar rises to nearly two-month high on firmer Fed rate hike bets, rout in bonds
The U.S. dollar strengthened to a nearly two-month high, driven by increased Federal Reserve rate hike expectations following robust U.S. economic data and hawkish comments from a policymaker, alongside a steep bond sell-off.
Sterling today: Pound slips as hawkish Fed talk lifts dollar broadly
The British Pound and Euro both weakened against the U.S. dollar following hawkish comments from Federal Reserve officials, reinforcing broad dollar strength across G10 currencies.
Canadian dollar weakens against major currencies in the week ending September 18
The Canadian dollar experienced a significant weekly decline against major currencies, with USD/CAD reaching a one-month high, as a hawkish U.S. Federal Reserve and global risk aversion overshadowed commodity price support.
Dollar consolidates ahead of Fed rate decision and Warsh signals
The U.S. dollar eased slightly but held near recent highs as foreign exchange markets awaited the Federal Reserve's interest rate decision and guidance from Chair Kevin Warsh.
Sterling today: Pound fall as UK jobs data disappoints, dollar firm
The British Pound extended losses against a firm U.S. dollar after disappointing UK jobs data, while the euro also eased ahead of the Federal Reserve's decision.
Citi says NOK/SEK can continue to work despite recent gains
Citi is taking profit on its Norwegian krone versus Swedish krona position as the currency pair approaches a key technical threshold, but believes it can still track energy markets and geopolitical risks.
Sterling today: Pound slips as oil-driven dollar rally weighs
The British pound and euro both declined against the dollar, driven by rising oil prices and expectations of a hawkish Federal Reserve rate hike.
Speculators turn bullish on yen for first time since February
Speculators have turned net long on the Japanese yen for the first time since February, driven by expectations of accelerated Bank of Japan rate hikes and potential asset repatriation.
Sterling today: Pound steady as UK GDP beats, dollar firms on CPI bets
Sterling held steady despite stronger-than-expected UK GDP data, while the euro slipped, as investors focused on upcoming U.S. inflation figures expected to solidify the case for a Federal Reserve rate hike.
Asian currencies weaken as yen slips, dollar holds near weekly high
Asian currencies were mostly subdued, with the Japanese yen weakening for a second day, as the U.S. dollar held near a one-week high ahead of key U.S. inflation data and central bank decisions.
Citi expects BOJ rate hike to 1.25%, says political votes and Fed hold key to yen
Citi Research anticipates the Bank of Japan will raise its key policy interest rate to 1.25% soon, but the yen's trajectory hinges on internal political votes and the Federal Reserve's next rate decision.
Asian currencies gain as yen hits seven-month high, dollar stays subdued
Asian currencies largely strengthened against the U.S. dollar, with the Japanese yen reaching a seven-month high, while the dollar remained subdued ahead of key U.S. inflation data.
Sterling Today: Pound Edges Up as Dollar Stays Soft on Fed Rate-Hike Bets
The British pound saw a modest rise against the dollar on Monday, as the greenback weakened amid anticipation of U.S. inflation data and a light trading session due to the Labor Day holiday.
Canadian dollar falls after jobs shock as strong US payrolls boost dollar
The Canadian dollar weakened significantly after Canada reported a sharp drop in employment, contrasting with a stronger-than-expected U.S. jobs report that boosted the U.S. dollar.
Asian currencies mixed as dollar steadies, yen holds strong weekly gain
The U.S. dollar steadied as Federal Reserve Governor Christopher Waller cooled September rate hike expectations, while the Japanese yen achieved its strongest weekly gain since late July.
Sterling today: Pound firms as dollar softens on Fed rate-hike doubts
The British Pound strengthened against a broadly softer US Dollar, which was impacted by a sharp USD/JPY slide and slightly eased expectations for a September Fed rate hike. The euro also gained, though its outlook is complex ahead of the European Central Bank meeting.
Asian currencies rise as yen surges toward 158, intervention risk returns
Asian currencies showed mixed performance as the Japanese yen surged towards 158 per dollar, fueling speculation about potential intervention by Japanese authorities. Investors are closely watching the Federal Reserve's rate outlook and renewed U.S.-Iran tensions.
Dollar ascendancy leaves rivals fragile as bond yields surge to multi-year peaks
The U.S. dollar strengthened to two-week highs as global bond yields surged, driven by expectations of further Federal Reserve rate hikes, leaving other major currencies vulnerable.
Canadian dollar slips as trade tensions, Fed outlook keep loonie under pressure
The Canadian dollar weakened significantly, heading for its steepest weekly decline in over two months, primarily due to a strengthening U.S. dollar following hawkish Federal Reserve remarks and escalating Canada-U.S. trade tensions.
Dollar muted near 1-wk high ahead of Warsh Jackson Hole speech
The U.S. dollar remained steady at a one-week high as investors awaited Federal Reserve Chair Kevin Warsh's speech at the Jackson Hole symposium for policy clues. Meanwhile, the Korean won and Australian dollar strengthened following local central bank actions and strong …
Can Warsh stop the dollar selling at Jackson Hole?
Citi does not expect Federal Reserve Chair Kevin Warsh's remarks at Jackson Hole to reverse the dollar's selling trend, arguing that risks to this view stem more from valuation and positioning than any fundamental case for a hawkish surprise.
Sterling today: Pound slips as dollar policy jitters, Iran sanctions weigh
Sterling and the euro eased against the dollar on Monday, influenced by market anticipation of new U.S. policy signals, including fresh Iran sanctions, a potential fiscal consolidation plan, and upcoming Federal Reserve commentary.
Asia FX rangebound, dollar holds near 3-mth lows amid U.S. debt, Iran risks
Asian currencies barely moved on Monday as the U.S. dollar hovered near its weakest level since mid-May, with investors weighing Treasury buyback plans, U.S.-Canada tariff escalation, and pending Iran sanctions.