Stories tagged “Forex.”
30 stories
Sterling today: Pound advance as weak US retail data dims Fed hike bets
The British Pound and Euro advanced against the U.S. Dollar after weaker-than-expected U.S. retail sales data reduced market expectations for a Federal Reserve rate hike in September.
India Central Bank Closes Forex Swap Facility Early After $50 Billion Inflow
India's central bank is closing a discounted forex swap facility for banks early on August 31, ahead of its original September 30 deadline. This decision follows an inflow of over $50 billion.
UBS sets new target for USD/CAD on rate differential outlook
UBS recommends a long position on the USD/CAD currency pair, setting a target of 1.425 and a stop loss at 1.38. This outlook is driven by anticipated rate differentials, despite a neutral view on the Canadian dollar.
Pound dips as dollar bulls rebuild after CPI
Sterling traded lower on Thursday as UK GDP growth slowed in the second quarter, while the euro edged higher, as the dollar found broad support from position rebuilding after this week’s in-line US inflation data failed to shift the Federal Reserve rate outlook.
Asia FX, dollar steady as traders weigh Fed outlook after in-line U.S. CPI
Asian currencies and the U.S. dollar remained largely steady as traders assessed the Federal Reserve's rate outlook following an in-line U.S. inflation report. Geopolitical tensions involving Iran also kept oil prices elevated, raising concerns about imported inflation in…
Sterling today: Pound gains as dollar softens on in-line U.S. CPI
The British pound and euro strengthened against the U.S. dollar after July's U.S. inflation data met forecasts, reducing expectations for an immediate Federal Reserve rate hike.
Sterling today: Pound firms as soft U.S. jobs data weighs on dollar
Sterling and the euro gained against the dollar after weak U.S. payrolls data reinforced expectations that the Federal Reserve will maintain current interest rates through year-end.
South Korean won leads Asian FX losses as dollar edges higher; yen weakens
South Korea's won led Asian FX losses as the dollar edged higher and the yen weakened past 158. Brent near $84 and Strait of Hormuz uncertainty added pressure.
How coordinated currency buying interventions work
Coordinated currency interventions involve multiple governments buying an under-pressure currency to boost demand and signal commitment, as seen in the recent Japan-U.S. effort to strengthen the yen against the dollar.
Why is the bearish yen sentiment still strong?
Bearish sentiment toward the Japanese yen remains firmly entrenched as investors focus on fiscal risks under Prime Minister Sanae Takaichi, perceptions that the Bank of Japan is behind the inflation curve, and persistent structural yen-selling flows.
Sterling today: Pound dips as payroll risk buoys dollar broadly
Sterling traded lower and the euro remained largely unchanged as traders awaited a crucial U.S. non-farm payrolls report, which overshadowed domestic developments.
Asia FX Rangebound, Dollar Firms Amid Iran Peace Uncertainty, U.S. Jobs Caution
Asian currencies traded narrowly as investors awaited U.S. payrolls data. Geopolitical uncertainty surrounding Iran bolstered the U.S. dollar.
Canada’s dollar to hold steady before modest gains, poll shows
A poll of 34 foreign exchange analysts forecasts the Canadian dollar to remain stable over the next few months before posting moderate gains within a year. The poll showed the Canadian dollar is expected to trade at 1.40 per U.S. dollar, or 71.43 U.S. cents, in three months.
Sterling today: Pound slips as dollar steadies ahead of U.S. payrolls
Sterling traded marginally lower on Thursday while the euro fell, as investors adopted a cautious wait-and-see stance ahead of Friday’s US non-farm payrolls report, with hawkish Federal Reserve commentary underpinning the greenback.
Sterling Today: Pound Holds Above $1.34 as Dollar Stays Firm on Fed Hike Risk
The British pound held steady above $1.34 against the US dollar on Wednesday, while the euro edged higher. The dollar's resilience, attributed to lingering Federal Reserve rate hike expectations, capped gains for both currencies despite improved market risk appetite.
Citi Sees Japan Yen Intervention Supporting Currency Recovery
Citi believes U.S. Treasury Department intervention to sell the EUR/JPY signals American support for Japan's efforts to defend the yen. This joint action is expected to influence the Bank of Japan's monetary policy and the government's fiscal strategy, favoring a long-ter…
Yen strengthens after Japan, US coordinated intervention
The yen rose against the dollar and euro on Monday following coordinated intervention by Japan and the United States last week to support the Japanese currency. Japan's Finance Ministry said Monday that Tokyo and Washington conducted coordinated yen-buying intervention an…
Japan may have intervened in FX market by spending $36.58 billion to buy yen
Japan may have spent $36.58 billion to buy yen in the latest action aimed at strengthening the local currency, central bank data indicated on Monday, continuing an effort to bring the yen's value back from historic lows against the U.S. dollar.
BofA sees USD/JPY 155 as critical inflection point for market
Bank of America flags the 155 level in USD/JPY as a critical inflection point shaping the pair's next move, noting that intervention episodes in April and May reinforced 155 as a de facto floor.
Yen climbs as traders watch for further intervention
The yen leapt on Monday, keeping traders on alert for further intervention from authorities to shore up Japan's historically weak currency. The Japanese currency rose 1% in the Asian morning to a high of 155.20 per dollar, its strongest level in about three months.
Japan confirms joint yen intervention with U.S., signaling readiness for more action
Japan and the U.S. conducted coordinated yen-buying intervention and will not hesitate to take further action, the Finance Ministry in Tokyo said. The move "countered excessive volatility and disorderly movements in the Japanese yen in recent months," the statement said.
The commerce and industry ministry is working on a Cabinet note to redefine services by doing away with the condition that mandates service exports from special economic zones (SEZs) to earn foreign exchange when they supply to areas outside the zones, called the domestic…
Russian rouble falls past 80 per dollar for first time since April
The Russian rouble weakened 1.9% against the U.S. dollar on Wednesday, crossing the 80 per dollar mark for the first time since April 3, according to LSEG market data. The currency has declined 14% against the dollar since May 20.
South African rand holds steady ahead of Fed decision
The South African rand showed little movement on Tuesday as a stronger dollar and declining gold prices weighed on the currency before the U.S. Federal Reserve’s upcoming policy decision.
USD/JPY and USD/CAD lead G10 FX volatility as yen hits 40-year low
The yen has hit a 40-year low, with USD/JPY trading above 163. The Canadian dollar is bucking the trend, gaining against the dollar due to a surge in oil prices and strong retail sales.
UBS adds Norwegian krone to top FX picks as oil rally seen capped
UBS expects currency markets to remain sensitive to developments in the Middle East, but believes global oil market adjustments should prevent a sustained surge in crude prices, reducing the need for additional interest rate hikes by major central banks and supporting ris…
Bearish bets push Canadian dollar past yen as world’s most-shorted currency
Speculators increased their bearish positions on the Canadian dollar to the highest level among major currencies in the weeks before U.S. President Donald Trump announced new tariffs on Canada, pushing the loonie to a recent 14-month low.
Large currency options set to expire Wednesday
Several major currency pairs have notable options expiring on Wednesday, July 22, according to data from the Depository Trust & Clearing Corporation.
Zaggle plans to invest up to ₹7.97 Cr in Unobanc, which provides technology infrastructure for digital cross-border payments and remittances, to acquire up to 19.9% stake. The investment strengthens Zaggle's presence in cross-border payments, forex and remittances as it e…
Pound down as Gulf-driven dollar demand offsets UK data beat
Sterling traded lower on Tuesday while the euro held steady, as a dollar bid driven by military escalation in the Gulf overshadowed domestic political developments in both economies.