Browsing: Currencies
Gradual upside within capped range against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann see AUD/USD steady near 0.7220 after quiet sessions, with intraday ranges around 0.7205–0.7238. They maintain…
Swiss Franc gives back gains, but US Dollar struggles with Inflation data on tap
The Swiss Franc (CHF) has given back previous daily gains against the US Dollar (USD) in a calm trading session on Thursday, as the USD/CHF pair…
ECB expected to hike interest rates in September amid rising inflation, energy risks
The European Central Bank (ECB) is expected to raise the interest rate on the Main Refinancing Operations and the Deposit Facility by 25 basis points…
Neutral stance inside narrower band against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann keep a neutral view on GBP/USD around 1.3545, noting recent sideways trade between 1.3531 and 1.3567. They now…
Japanese Yen remains firm against US Dollar amid hawkish BoJ bets, US PPI data eyed
The Japanese Yen (JPY) holds onto an over-a-week-long upside run against the US Dollar (USD) on Thursday. As of writing, the USD/JPY pair trades…
Holds above 0.7200 as US inflation data looms
The AUD/USD pair holds steady above the 0.7200 mark through the Asians session on Thursday and remains close to its highest level since May 14…
Gold holds steady above $4,400 as traders await US inflation data
Gold (XAU/USD) attracts some buyers after a modest Asian session dip to sub-$4,400 levels. The upside, however, seems limited as traders might…
British Pound rises as US Dollar weaken ahead of PPI data
GBP/USD extends its winning streak for the fifth consecutive day, trading around 1.3540 during the Asian hours on Thursday. Market participants are…
Canadian Dollar steadies as oil gains offset USD bounce before PPI
The USD/CAD pair struggles to capitalize on the previous day’s modest gains and consolidates just above the 1.3800 mark during the Asian session on…
BoJ to raise rates to 1.25% this month — Reuters poll
A Reuters poll showed the Bank of Japan (BoJ) will hike interest rates to 1.25% at its September policy meeting and then to 1.75% in the second…