Most Asian currencies steadied on Friday after clocking sharp gains in the prior session, while the dollar nursed some losses after the Federal Reserve cut interest rates as widely expected. Regional currencies recouped a bulk of their weekly losses after the Fed’s move, with some even turning positive for the week. The dollar, on the […]
Asia FX steadies as dollar slides after Fed cuts interest rates Read More »
Investing.com — With the U.S. presidential election concluding, Alpine Macro (BCBA:BMAm) has suggested three emerging market (EM) currency trades, especially if the Trump administration ushers in heightened protectionism. The key pairs are shorting the Mexican peso (MXN) against the Brazilian real (BRL), the Chinese yuan (CNY) against the Japanese yen (JPY), and the Thai baht (THB) against the Singapore dollar
Investing.com– Most Asian currencies moved in a small range on Monday (NASDAQ:MNDY) as traders took little cheer from more fiscal spending in China, while the dollar steadied ahead of key consumer inflation data this week. Regional currencies were nursing steep losses in recent sessions as the dollar firmed sharply on Donald Trump winning the 2024 presidential elections.
Asia FX muted as China stimulus underwhelms, dollar steady with CPI in focus Read More »
BRASILIA (Reuters) – Brazil’s currency weakened on Monday (NASDAQ:MNDY) as President Luiz Inacio Lula da Silva’s administration postponed the release of long-awaited spending-containment measures, despite earlier signals of an imminent announcement. The real fell about 1% against the U.S. dollar, extending its decline for the year to over 16%. The currency’s drop, which raises import costs and
Brazil’s currency weakens amid government delays in announcing new fiscal measures Read More »
Oil prices closed higher on Wednesday, recovering the losses of the previous trading day, and the monthly spread further recovered, which means that oil prices have passed the most pessimistic moment. The bald positive line boosted morale, but the process was not smooth. After investors vented their disappointment by plunging on the first trading day
After a period of high inflationary pressure, the European Central Bank (ECB) finally announced a rate cut on June 6, and this decision quickly became the focus of global financial markets. After the ECB announced the rate cut, both the euro/US dollar (EUR/USD) and the euro/British pound (EUR/GBP) rose. Money markets indicate that the ECB
Spot gold fluctuated in a narrow range in the Asian session on Friday (June 7), currently trading around $2,378.64 an ounce. Gold prices climbed to a two-week high on Thursday, closing at $2,375.60 an ounce, as weaker-than-expected U.S. jobs data fueled hopes that the Federal Reserve would cut interest rates later this year, and the
On Thursday (June 6), spot gold surged by more than $20, approaching the $2,380/ounce mark during the session. Analysts pointed out that the weakening of the US dollar and geopolitical tensions have become the main driving forces for the surge in gold prices. The Israeli military announced on Thursday that it had completed the deployment
Investors will be watching the May non-farm payrolls report for a clearer picture of whether the Fed will ease its anti-inflation policy. The May non-farm payrolls report will be released at 20:30 Beijing time on Friday, June 7. Economists surveyed by Dow Jones expect the Bureau of Labor Statistics to report an increase of 190,000
This article provides support and resistance levels for gold, crude oil, US dollar index, euro, pound sterling, yen, Swiss franc and Australian dollar.
