NZD/USD Nears Daily Low in Mid-0.6100s, Losses Curbed by Weakening USD
NZD/USD Nears Daily Low in Mid-0.6100s, Losses Curbed by Weakening USD The NZD/USD pair is edging towards its daily low in the mid-0.6100s, with a softer USD providing a buffer against further declines. Since the last session, the pair has seen a marked sell-off, with the drop originating from the 0.6200 mark. During Wednesday’s Asian
Read moreGBP/JPY Hits 183.00, a Level Unseen Since December 2015; Recession Fears Curb Gains
GBP/JPY Hits 183.00, a Level Unseen Since December 2015; Recession Fears Curb Gains On Tuesday, during the early European trading session, the GBP/JPY pair rose to 183.00, a level not seen since December 2015. However, traders are waiting for a sustained break above this level before initiating new bullish positions. The Japanese Yen (JPY) remains
Read moreJapan’s Top Currency Diplomat Warns Against Weakening Yen
Japan’s Top Currency Diplomat Warns Against Weakening Yen Masato Kanda, Japan’s leading currency diplomat, has raised concerns over the weakening yen, asserting that Japan will contemplate all possible measures to address excessive currency fluctuations. Kanda stressed the importance of stable currency movements that mirror economic fundamentals, as the yen recently depreciated beyond ¥143 against the
Read moreDollar Exhibits Initial Indications of Bottoming
Dollar Exhibits Initial Indications of Bottoming Yesterday, several central banks, including the Bank of England, Norges Bank, Swiss National Bank, and the Central Bank of Turkey, took center stage as they grappled with higher-than-expected inflation. This inflation surge was partly due to a robust job market driving increased demand. Interestingly, even with more substantial interest
Read moreUS Yields Climb as Fed’s Powell Reinforces Commitment to Addressing Inflation
US Yields Climb as Fed’s Powell Reinforces Commitment to Addressing Inflation Following Federal Reserve Chair Jerome Powell’s speech, which reinforced the central bank’s dedication to addressing inflation and achieving the 2% target, US Treasury yields experienced a rise. The yield curve inversion between two-year and 10-year Treasury notes intensified, implying that investors expect further rate
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