Australian Dollar strengthened broadly in Asian session today after stronger-than-expected October employment report reinforced confidence in the resilience of Australia’s labor market. The robust job data numbers confirmed that while the labor market is cooling, the adjustment is happening only gradually. The results also vindicated RBA Governor Michele Bullock’s view that September’s weak figures were […]
Sterling fell mildly across the board today as weak UK labor market data reinforced expectations that the BoE would deliver a rate cut in December. Yet, as seen in comments from MPC member Megan Greene, not all policymakers are convinced, leaving December’s decision finely balanced. The data comes just days after a closely divided 5–4
Global markets traded with a mild risk-off tone today as investors favored defensive plays. With no major data releases scheduled, sentiment rather than fundamentals set the tone, pushing the Japanese Yen to the top of the performance board while the Australian and New Zealand Dollars lagged. Yen’s strength was also supported by another round of
Dollar climbed across the board today, defying dovish rhetoric from Fed Governor Stephen Miran. The greenback’s resilience suggests that Miran’s influence on expectations is limited, with investors noting that he represents the dovish edge of a divided policy spectrum. The broader committee remains split. Kansas City Fed President Jeffrey Schmid argued recently against imminent rate
Dollar extended its rebound as North American trading got underway, gaining further momentum following Wednesday’s hawkish Fed rate cut. The greenback’s strength came as markets continued to digest the Fed’s divided decision and Chair Jerome Powell’s pushback against expectations for another cut in December. U.S. Treasury yields also climbed, with the 10-year yield breaking above
Australian Dollar is staying the day’s top performer, rallying after the RBA kept its cash rate unchanged but leaned hawkish in tone. Later at the press conference, Governor Michele Bullock avoided any firm guidance on future cuts, telling reporters she would not “predict what the interest rate is going to be in the next three
U.S. equities closed higher overnight, but Asian markets turned mixed on Thursday as risk sentiment remained muted. Nvidia’s stronger-than-expected earnings beat on both revenue and profit dominated headlines but failed to deliver a sustained boost to risk appetite. In currency markets, Dollar softened as this week’s rebound lost steam. Overall trading remained subdued with no
USD/CHF trims intraday losses as Fed Governor Lisa Cook defied President Donald Trump. Fed Governor Cook said she would not step down and will continue fulfilling her duties. Stronger Swiss employment data and easing inflation fuel expectations of additional SNB rate cuts. USD/CHF extends its gains for the second successive session, trading around 0.8060 during
Dollar continued to stay soft in Asian session today, carried over from Tuesday’s post US CPI weakness. US Treasury Secretary Scott Bessent added to the policy discussion by urging Fed to consider a 50bps rate cut in September to “make up for the delay” in starting its easing cycle earlier this year. Bessent argued that
After a week of volatility, the forex markets settled into a quieter rhythm during the Asian session on Friday. Swiss Franc stabilized somewhat, but remains the weakest performer this week after a heavy blow from Washington. Switzerland’s diplomatic efforts fell short as the harsh 39% US tariff on Swiss imports officially kicked in. The import
Global markets were broadly steady on Monday, despite ongoing conflicts in the Middle East. The Nikkei led Asian bourses with a 1.26% while European indexes also opened higher. Even with Israel and Iran continuing to exchange military strikes, investor sentiment remained resilient. US equity futures are also treading water, suggesting cautiousness rather than panic ahead
USD/CHF depreciates as the safe-haven demand increases amid rising tensions between Israel and Iran. CBS journalist reported that US officials have been told that Israel is fully prepared to launch an operation into Iran. US Consumer Price Index climbed 2.4% YoY in May, coming in slightly below the expected 2.5% rise. USD/CHF extends its losses
The currency markets remain largely listless today, with all major pairs and crosses still trapped within last week’s ranges. Euro edged slightly lower following the release of Eurozone CPI data, which showed inflation falling below the ECB’s 2% target for the first time since September last year. The core measure also softened notably, reinforcing the
Risk sentiment remains fragile as the US session gets underway, with equity markets under pressure from renewed tariff threats. European stocks are particularly heavy after US President Donald Trump threatened to double tariffs on imported steel. UK equities, however, are finding some support from Prime Minister Keir Starmer’s announcement of increased defense spending. In the
Market sentiment took another bearish turn today following renewed rhetoric from US President Donald Trump, who accused China of having “totally violated” its preliminary trade agreement with the U.S. The comments, delivered via social media, were echoed by Trade Representative Jamieson Greer in a CNBC interview, where he expressed concern over China’s delayed compliance. Greer
Aussie softened modestly following the RBA’s widely expected 25bps rate cut to 3.85%. But selling was contained as broader market sentiment remained supportive. While the move itself was no surprise, the updated economic forecasts leaned dovish, notably with headline CPI now seen at just 3.0% by year-end, down from the previous 3.7% projection. This downward
Both Swiss Franc and Euro are under some selling pressure today, especially against Sterling. The Franc suffered after SNB Chair Martin Schlegel signaled the willingness to reintroduce negative interest rates if deflationary risks persist. Meanwhile, Euro came under pressure as fresh political instability emerged in Germany CDU/CSU leader Friedrich Merz’s failure to secure a parliamentary
