The Australian Dollar maintains its position near the two-month low of 0.6414 recorded on Thursday. AUD/USD came under pressure as the US Dollar strengthened following upbeat S&P Global US PMI data. The CME FedWatch Tool indicates a 74% chance of a September rate cut, down from 82% on Wednesday. The Australian Dollar (AUD) steadies near […]
The Indian Rupee falls marginally to near 87.20 against the US Dollar. India’s flash HSBC PMI expanded at a faster pace in August. FIIs continue to pare stakes from Indian stock markets. The Indian Rupee (INR) ticks down to near 87.20 against the US Dollar (USD) during the European session on Thursday. The USD/INR pair
Gold price recovers slightly from a nearly three-week low amid reviving safe-haven demand. Diminishing odds for a jumbo Fed rate cut underpin the USD and might cap the commodity. Hopes for a Russia-Ukraine peace deal could also act as a headwind for the XAU/USD pair. Gold (XAU/USD) sticks to its modest intraday gains through the
The Indian Rupee drifts higher in Tuesday’s early European session. New tax measures rolled out by PM Modi’s government support the INR, but global uncertainty might cap its upside. Traders await the flash Indian HSBC PMI data on Thursday ahead of the Jackson Hole Economic Policy Symposium. The Indian Rupee (INR) gathers strength on Tuesday.
The Indian Rupee drops against the US Dollar as India’s WPI inflation grew moderately in July. US Treasury Secretary Bessent anticipates a 50-bps interest rate cut by the Fed in September. Investors await India-US producer inflation data for July. The Indian Rupee (INR) falls back against the US Dollar (USD) on Thursday after a two-day
The Euro retreats from weekly highs, and the US Dollar picks up on speculation that Governor Waller might be the next Fed Chair. Fed Bostic warned about the impact of tariffs and cooled hopes of a September rate cut. EUR/USD found resistance at 1.1700 and is correcting lower. The EUR/USD pair slides from one-week highs
Gold price attracts some safe-haven flows in reaction to Trump’s fresh tariff threats. Rising bets for a Fed rate cut in September also benefit the non-yielding commodity. The USD drops to a nearly two-week low and offers additional support to XAU/USD. Gold price (XAU/USD) climbs to the top end of the weekly range during the
The Japanese Yen attracts fresh sellers amid reports of additional US tariffs. Mixed BoJ rate hike cues further undermine the JPY amid a positive risk tone. Rising September Fed rate cut bets weigh on the USD and cap the USD/JPY pair. The Japanese Yen (JPY) remains on the back foot through the Asian session on
The Japanese Yen attracts some dip-buying, though it lacks bullish conviction. Weak real wages data from Japan tempers BoJ rate hike bets and caps the JPY. Rising September Fed rate cut bets weigh on the USD and the USD/JPY pair. The Japanese Yen (JPY) edges higher against its American counterpart during the Asian session on
Gold bounces off intraday lows near $3,350 as US yields and the US Dollar retreat following soft ISM PMI data. US Treasury yields and the US Dollar remain broadly pressured, limiting downside in the Gold as Fed rate cut bets gain traction. Market pricing reflects a 92% chance of an interest rate cut in September.
The Japanese Yen struggles to capitalize on modest Asian session gains against the rebounding USD. Hawkish June BoJ meeting Minutes reaffirmed rate hike bets and should limit the JPY downside. Rising September Fed rate cut bets could act as a headwind for the USD and cap the USD/JPY pair. The Japanese Yen (JPY) remains on
Gold firms above $3,350 as the US Dollar remains under pressure on Monday. The soft July NFP report has heightened market bets on a potential interest rate cut in September. Fears of political interference grow after US President Donald Trump fires BLS Commissioner Erika McEntarfer. Gold (XAU/USD) kicks off the week on a cautious note,
Gold slips below $3,300 on upbeat US economic data, traders stay cautious ahead of the Federal Reserve’s monetary policy decision. The Federal Reserve is widely expected to keep interest rates steady, but forward guidance on rate cuts is the main market driver. Safe-haven demand remains muted amid easing global trade tensions and improving risk appetite.
EUR/USD boosted by signs of imminent US–EU deal ahead of August 1 deadline. US Durable Goods Orders miss, but jobless claims stay strong, supporting Fed hold expectations. ECB holds rates steady; next week’s focus shifts to key Fed policy decision on July 30. The EUR/USD finished the week up by nearly 1% on Friday, yet
The Australian Dollar loses ground as the People’s Bank of China leaves its one-year LPR unchanged at 3.00%. The AUD also faces downward pressure due to ongoing trade tensions between the United States and China. The US Dollar maintains its position as robust economic data tempered Fed rate cut expectations. The Australian Dollar (AUD) loses
Fed’s Waller supports July rate cut, pulling Treasury yields and Dollar lower. UoM survey shows improved sentiment and easing inflation expectations in the US. ECB decision, EU PMIs, and US macro data in focus for the week ahead. The EUYR/USD finished Friday’s session with gains of over 0.26% amid a weaker US Dollar, following dovish
The Australian Dollar rises as the US Dollar struggles following dovish remarks from Fed officials. San Francisco Fed President Mary Daly said that expecting two rate cuts this year is a “reasonable” outlook. US Retail Sales rose by 0.6% MoM, while Retail Sales climbed 3.9% YoY in June. The Australian Dollar (AUD) advances on Friday,
