The British pound has continued to move lower this week, diverging from the trajectory of UK yields. Deutsche Bank (ETR:) recommends selling the pound based on a broad, trade-weighted basis. The bank noted that the pound has been the worst-performing currency since the beginning of the year, marking a sharp decline similar to the one […]
The Canadian dollar started the week with strong gains but has shown little movement since then. In the European session, USD/CAD is trading at 1.4411, up 0.12% at the time of writing. We could see stronger movement from the Canadian dollar in the North American session, with the release of Canadian and US employment reports.
Investing.com– Most Asian currencies weakened on Friday, while the dollar sat near its strongest level in over two years as traders braced for a potentially strong nonfarm payrolls reading due later in the day. Regional sentiment was also undermined by weak inflation data from China, while traders speculated over a potential interest rate hike by
USD/CHF has been in a strong uptrend since September 2024, largely mirroring the US Dollar Index (DXY). A potential double top pattern is forming around the 0.9137 resistance level. Key support levels to watch are 0.9087, 0.9040, and the psychological 0.9000 handle. A break above the 0.9137 resistance could lead to further gains. Most Read:
The yen is trading quietly on Thursday. In the North American session, USD/JPY is trading at 157.98, down 0.21% on the day. Japan’s base salaries rise but real wages decline Japan’s wage growth for November was a mixed bag, with both good and bad news. On the positive side, base salaries rose 2.7% y/y, the
Investing.com — The yield on United Kingdom (TADAWUL:) government debt, also known as gilts, reached its highest levels since 1998 on Thursday, while the British pound weakened against the dollar. This comes as investors express concerns about the escalating levels of government borrowing and a generally underperforming economy. The yield on the 30-year gilt hit
The Australian dollar has edged lower on Thursday. In the North American session, AUD/USD is trading at 0.6198, down 0.28% on the day. Australian retail sales point to cautious consumers Australian retail sales rose 0.8% m/m in November 2024, higher than the downwardly revised 0.5% gain in October but shy of the market estimate of
By Ankur Banerjee and Greta Rosen Fondahn (Reuters) -The U.S. dollar drew strength from rising Treasury yields on Thursday, adding pressure to the pound and euro, while the yen edged up from recent lows, and the market waited for clarity on possible Trump tariffs. The focus for markets in 2025 has been on U.S. President-elect
The British pound is on a nasty slide and has lost 1.8% since Monday. In the European session, GBP/USD is currently trading at 1.2294, down 0.53%. Earlier, the pound fell as low as 1.2237 (1%), it lowest level since Nov. 2023. BRC shop inflation hits 3.5 year low The latest setback for the pound was
Trump is considering emergency measures to facilitate a new tariff program. An unexpected build in US crude inventories weighed on oil prices. US data showed a drop in private job growth. The USD/CAD forecast shows renewed Trump tariff fears, which have weighed on the Canadian dollar. On the other hand, the US dollar has regained
Investing.com – The US dollar steadied Thursday, underpinned by rising Treasury yields after hawkish comments from the Federal Reserve and strong economic data furthered bets on a slower pace of rate cuts. At 04:35 ET (09:35 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded largely unchanged at
By Himanshi Akhand (Reuters) – Bearish bets on most Asian currencies climbed to multi-month highs as prospects of fewer U.S. interest rate cuts this year continued to boost dollar demand, while the threat of potential U.S. tariffs undermined the appeal of risky Asian assets, a Reuters poll showed on Thursday. Short bets on the Chinese
Franklin Templeton has become the largest user of foreign exchange options among US mutual funds, taking the top spot from Morgan Stanley Investment Management for the first time since the end of 2020. The California-based fund manager increased notional volumes by around $340 million during the third quarter of 2024, taking the total size of
Investing.com– Most Asian currencies drifted lower on Thursday, coming under pressure from a stronger dollar as hawkish comments from the Federal Reserve furthered bets on a slower pace of rate cuts in 2025. The yen was an outlier, benefiting from increased speculation over an interest rate hike by the Bank of Japan after wage data
Global financial markets are preparing for an important year, 2025. Changes in currency markets and commodity prices will bring both challenges and opportunities for investors, traders, and market analysts. This detailed guide looks at five major themes that will shape the markets in 2025, providing useful insights to help you plan and make smart choices.
The Australian dollar is lower for a second straight trading day. In the North American session, AUD/USD is trading at 0.6214, down 0.27% at the time of writing. The Australian dollar dropped as low as 0.60% but has pared much of those losses. Australian headline CPI rises while core CPI falls Australia’s inflation report was
The British pound is under pressure due to Donald Trump’s potential tariff policies, causing volatility in GBP/USD and global markets. GBP/USD is approaching its 2024 yearly low, with potential for further downside if Trump’s tariff rhetoric continues and the US dollar strengthens. GBP/JPY’s price action is uncertain due to conflicting signals from the Bank of
