Currencies

25/04/2024
Citi Withdraws from AUD/USD Trade Before Core PCE Data Release

Citi Withdraws from AUD/USD Trade Before Core PCE Data Release

Citi Exits AUD/USD Position as Economic Data Surpasses Expectations Citi has announced its strategic exit from a bullish position in the AUD/USD currency pair, following the […]
25/04/2024
South African Rand Remains Stable Ahead of Producer Inflation Release

South African Rand Remains Stable Ahead of Producer Inflation Release

South African Rand Stabilizes as Market Anticipates Producer Inflation Data JOHANNESBURG – In Thursday’s early trading sessions, the South African rand showed minimal changes, holding steady […]
25/04/2024
Dollar Strengthens Amid Rising U.S. Inflation; Yen Weakens Against Euro and U.S. Currency

Dollar Strengthens Amid Rising U.S. Inflation; Yen Weakens Against Euro and U.S. Currency

U.S. Dollar Experiences Temporary Dip Against Yen Following Lower-than-Expected Economic Growth NEW YORK – In a recent update from the Commerce Department’s Bureau of Economic Analysis, […]
24/04/2024
Dollar Maintains Dominance in FX as U.S. 'Economic Exceptionalism' Persists

Dollar Maintains Dominance in FX as U.S. ‘Economic Exceptionalism’ Persists

US Dollar Rises Amid Continued Economic Strength, Awaited Policy Clarifications The US dollar saw a modest increase on Wednesday, as it continues to dominate global currency […]
24/04/2024
Robust CPI Data Strengthens Australian Dollar, According to ING Analysts

Robust CPI Data Strengthens Australian Dollar, According to ING Analysts

Australian Dollar Climbs as Inflation Surprises to the Upside The Australian dollar (AUD) experienced a surge following the release of unexpectedly high inflation data. Core inflation […]
24/04/2024
BofA Predicts Limited Growth for USD/CAD Given BoC Rate Cut Expectations

BofA Predicts Limited Growth for USD/CAD Given Anticipated BoC Rate Cuts

USD/CAD Exchange Rate: Potential Limit to Growth Amid Canadian Dollar Weakness, Says Bank of America Analysts Recent analysis from Bank of America (BofA) suggests that the […]
24/04/2024

Dollar Bounces Back from PMI Decline, Yen Nears 155 Against Dollar

USD Stabilizes Against Major Currencies, Yen Struggles Despite Warning from Japanese Officials In the recent trading session in London, the U.S. dollar saw a modest recovery, […]
23/04/2024

Canada TSX Records Its Longest Weekly Winning Streak in Over Three Years

(Reuters) – The primary commodity-linked index in Canada, the S&P/TSX composite index of the Toronto Stock Exchange, concluded the trading week with a decline, although it […]
21/04/2024

Swiss Franc and Yen Rise Modestly, Retreat from Peaks as Iran-Israel Tensions Ease

Swiss Franc and Japanese Yen Stabilize as Iran Signals No Retaliation Against Israel In New York, the Swiss franc and the Japanese yen witnessed a reduction […]
17/04/2024
Dollar Dips Slightly; Sterling Rises Following CPI Report

Dollar Dips Slightly; Sterling Rises Following CPI Report

U.S. Dollar Slips While Sterling Gains Amid Unexpected UK Inflation Data Introduction:In early European trading on Wednesday, the U.S. dollar experienced a slight decline from its […]
13/04/2024
U.S. Leads Global Bitcoin Holdings with $14.7 Billion

U.S. Leads Global Bitcoin Holdings with $14.7 Billion

The U.S. government holds the largest amount of Bitcoin among nations, with assets totaling approximately $14.7 billion. In addition to Bitcoin, the U.S. also possesses substantial […]
09/04/2024
Asia FX muted ahead of US inflation data; USDJPY nears 152

Asia FX muted ahead of US inflation data; USDJPY nears 152

Asian currencies showed minimal movement on Tuesday, with the dollar stabilizing as investors awaited crucial U.S. inflation data later in the week. Despite repeated government warnings […]
06/04/2024
Asia FX Remains Subdued, Yen Stabilizes as Dollar Gains Ahead of Nonfarm Payrolls

Asia FX Remains Subdued, Yen Stabilizes as Dollar Gains Ahead of Nonfarm Payrolls

Most Asian currencies saw minimal movement on Friday, with the Japanese yen stabilizing near two-week highs, while the dollar gained ground amid cautious anticipation of key […]
02/04/2024
US stocks retreat; Tesla delivery weakness, reduced rate cut expectations weigh

US stocks retreat; Tesla delivery weakness, reduced rate cut expectations weigh

Tesla stock plunged 6% after the electric vehicle manufacturer reported disappointing first-quarter delivery numbers, falling well short of expectations. The company delivered 386,810 vehicles, significantly below […]
01/04/2024
South Korea March consumer inflation +3.1% y/y, matching forecast

South Korea March consumer inflation +3.1% y/y, matching forecast

SEOUL (Reuters) – Official data released on Tuesday revealed that South Korea’s consumer prices increased by 3.1% in March compared to the same month the previous […]
01/04/2024
US futures rise at start of Q2, fresh record for gold- what's moving markets

US futures rise at start of Q2, fresh record for gold- what’s moving markets

U.S. futures signaled a positive start on Wall Street as the second quarter commenced, with gold prices surging to a new record amidst expectations for Federal […]
31/03/2024
Japanese authorities inspect second Kobayashi Pharma factory after deaths

Japanese authorities inspect second Kobayashi Pharma factory after deaths

TOKYO (Reuters) – Health authorities conducted a second inspection at a Kobayashi Pharmaceutical factory in western Japan on Sunday following reports of five deaths possibly linked […]
31/03/2024

China’s March factory activity expands for first time in six months

SHENZHEN, China (Reuters) – China’s manufacturing activity expanded for the first time in six months in March, according to an official factory survey released on Sunday. […]
28/03/2024
Japan repeats verbal warning to yen bears, BOJ keeps dovish tone

Japan repeats verbal warning to yen bears, BOJ keeps dovish tone

TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida stated on Thursday that the government remains open to all options to address excessive movements in the currency […]
28/03/2024
Brazil central bank's June decisions will be more data dependent, says governor

Brazil central bank’s June decisions will be more data dependent, says governor

BRASILIA (Reuters) – Brazil’s central bank is facing uncertainty regarding its policy decisions at the upcoming June meeting, with governor Roberto Campos Neto stating on Thursday […]
28/03/2024
India central bank keen to further build up record high FX reserves, say sources

India central bank keen to further build up record high FX reserves, say sources

MUMBAI (Reuters) – India’s central bank intends to continue bolstering its forex reserves, leveraging strong inflows into the country’s equity and debt markets, according to two […]
27/03/2024
Yuan theforex24

Analysis-As yuan skids, markets bet more depreciation is in store

SINGAPORE (Reuters) – The Chinese yuan is experiencing a downward trend, prompting speculation that authorities are deliberately orchestrating a gradual depreciation. This strategy aims to complement […]
27/03/2024

Japan’s yen hits 34-year low, sparking intervention warnings

NEW YORK/LONDON (Reuters) – On Wednesday, the yen hit its lowest level since 1990 before experiencing a slight rebound following a meeting among Japan’s top monetary […]
25/03/2024
SWIFT planning launch of new central bank digital currency platform in 12-24 months

SWIFT planning launch of new central bank digital currency platform in 12-24 months

LONDON, March 25 (Reuters) – SWIFT, the global bank messaging network, has informed Reuters that it plans to develop a new platform within the next one […]
25/03/2024

Yen gains after intervention warning, dollar dips

NEW YORK, March 25 (Reuters) – The yen strengthened on Monday as Japan’s top currency diplomat cautioned against speculative efforts to weaken the currency, while China’s […]