Australian Dollar Strengthens on Improved Risk Sentiment The Australian Dollar (AUD) continued its upward trend for the fourth consecutive session on Monday, driven by growing optimism surrounding the Reserve Bank of Australia (RBA). This positive sentiment is underpinning the AUD’s
Treasury Rally Faces $125B Barrier Bond traders welcomed signs of a cooling US labor market, sparking a surge in US Treasuries on Friday. The government report indicating unexpected softness in job and wage gains last month contributed to a late-week
USD/JPY Ends Three-Day Slide Above 153.50 as Yellen Warns on Currency Intervention The USD/JPY pair staged a notable reversal during Monday’s Asian trading session, breaking a three-day losing streak. This upward movement was fueled by a modest recovery in the
Japanese Yen Nears Multi-Week High, Poised for Further Gains Against USD The Japanese Yen continued to attract buyers for the third consecutive day on Friday, reaching a nearly three-week high against the US Dollar during the Asian trading session. This
Oil Industry Flush with Cash Shows Reduced Appetite for Debt In the last year, the oil industry witnessed a significant decline in profits compared to previous years, with a notable decrease across the board in oil and gas companies as
EUR/USD Nears 1.0750 as Risk Appetite Rebounds The EUR/USD pair continued its upward momentum, marking a third consecutive day of gains as it hovered around the 1.0730 level during Friday’s Asian session. This surge in the currency pair was fueled
WTI Falls to Seven-Week Low, Dips Below $80 Amid Unexpected Crude Inventory Increase Western Texas Intermediate (WTI), the benchmark for US crude oil, dropped to a seven-week low, trading around $79.20 on Thursday. This decline was influenced by an unexpected
Ex-Official: Japan’s FX Intervention Marks ¥160 Threshold Columbia University academic and former finance ministry executive Takatoshi Ito indicated that Japanese authorities likely intervened in the currency market, viewing ¥160 to the dollar as a critical threshold. Ito, who has connections
Asian Stocks Rise Post-Fed Decision; Yen Declines Resume Most Asian stocks rose following comments from Federal Reserve Chair Jerome Powell, which tempered expectations for further interest-rate hikes. Meanwhile, the yen weakened after briefly surging, indicating possible intervention. In market movements,
Australian Dollar Gains Ahead of Fed Rate Decision The Australian Dollar (AUD) has seen a slight recovery driven by a potential shift towards risk-on sentiment among investors. Despite this uptick, the AUD/USD pair encountered downward pressure in the early trading
Powell Expected to Indicate Rate Cuts Hinge on Further Inflation Reduction Following three consecutive inflation reports that exceeded expectations, Federal Reserve officials have become increasingly cautious about the likelihood of interest rate cuts this year. As they conclude their latest
USD/CAD Rises Above 1.3750 as Markets Await Fed Rate Decision The USD/CAD currency pair was trading positively around 1.3778 on Wednesday during the early trading hours in Asia. The pair gained strength, influenced by weaker economic indicators from Canada and