United States Dollar Index jumps to near 100.70 as Fed maintains hawkish rhetoric
The US Dollar reflects strength on Wednesday amid firm expectations that the Federal Reserve (Fed) will deliver more interest rate hikes this year.
Currencies
Indian Rupee declines after two-day gain as hawkish Fed narrative dominates
The Indian Rupee (INR) trades lower against the US Dollar (USD) on Wednesday after rising in the past few trading days.
USD/IDR Price Forecast: Falls toward moving averages near 17,800 ahead of BI decision
USD/IDR extends its losses for the second successive day, trading around 17,820 during Asian hours on Wednesday. Technical analysis of the daily chart suggests the pair remains within the ascending channel, indicating a…
WTI Price Forecast: Eyes further losses near $88.50, two-week low amid easing supply risk
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – retains a negative bias for the fifth straight day on Wednesday, flirting with an over two-week low touched on Tuesday. The commodity trades near mid-$8…
ACCC blocks IAG’s proposed acquisition of RAC Insurance
Australia is weeks away from a regulatory decision that could leave just one independent motoring club-owned insurer operating in the country. With the Australian Competition and Consumer Commission's (ACCC) determinati…
Japanese Yen softens on BoJ's lack of hawkish guidance, potential intervention eyed
The USD/JPY pair gathers strength to around 157.60 during the early Asian trading hours on Wednesday. The Japanese Yen (JPY) extends the decline due to a lack of explicitly hawkish guidance from the Bank of Japan (BoJ) …
Australian Dollar remains subdued as Fed and RBA hawks collide
The Aussie Dollar is poised to end Tuesday’s session unchanged versus the Greenback amid renewed hopes for an end of the Middle East conflict, while Federal Reserve officials struck a hawkish tone in their speeches. The…
The British Pound sets a new September low as Fed officials argue for more
1.3400 has capped GBP/USD in every session since the Fed raised rates on September 16. The pair went through that level on the day of the decision and has failed to get back above it four times since. On Tuesday it fell…
Canadian Dollar seems vulnerable as Iran diplomacy hopes weigh on oil prices
The USD/CAD pair attracts buyers for the third straight day and trades around the 1.4070-1.4075 area during the Asian session on Wednesday, near its highest level since July 29, touched the previous day. Moreover, the f…
The New Zealand Dollar dips to a new low and bounces as Crude Oil gets cheaper
Four weeks of selling have taken NZD/USD from just under 0.6000 to its lowest since early July. On Tuesday the pair dipped under 0.5700, then climbed back into the 0.5700 to 0.5800 range it has traded in since September…
USD/JPY Holds a Bullish Bias as Intervention Risk Caps the Upside
Japan’s Yen Battle Takes Another Unexpected TurnThe BoJ just hiked rates, yet the yen moved lower. The disconnect highlights a bigger problem: a rate hike means little if markets see the path ahead as too cautious. With…
The Japanese Yen spikes and unwinds as Iran offers to reopen Hormuz
Cheaper Crude Oil should help the Yen, since Japan buys almost all of its Crude Oil abroad, and on Tuesday it helped only briefly. USD/JPY dropped close to 157.00 after reports that Iran has offered to reopen the Strait…
49.3: Australia’s S&P Global Manufacturing PMI declines in September
The preliminary reading of Australia's S&P Global Manufacturing Purchasing Managers Index (PMI) eased to 49.3 in September versus 52.0 prior, the latest data published by S&P Global showed on Wednesday.
Activist Jana Partners calls for Six Flags sale- WSJ
Travis Kelce, the Kansas City Chiefs tight end and fiance of Taylor Swift, sparked jokes and hopes this week when he announced his investment in the embattled amusement park company Six Flags Entertainment.
WTI extends decline as Trump signals progress in talks with Iran
West Texas Intermediate (WTI) Oil extends its decline on Tuesday as traders assess fresh Middle East developments, keeping energy prices under pressure for a fifth straight day. At the time of writing, WTI trades around…
Chinese Yuan: RMB gains hinge on PBoC fix – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong note that the Renminbi (RMB) has extended gains, with USD/CNY breaking below 6.70 as the People's Bank of China (PBoC) strengthened the fix for nine straight sessions …
South Korean Won: Export surge supports KRW recovery – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong report that the Korean Won (KRW) strengthened alongside gains in tech equities, lower Oil prices and strong export data, including a surge in semiconductor shipments. …
Chinese Yuan: Gradual decline within tight bands – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann expect USD/CNH to edge lower intraday but stay confined to a narrow 6.6890–6.6960 range, with a clear break below 6.6890 seen as unlikely. Over one t…
Forex Today: Advanced PMIs in the limelight, but what about the UN General Assembly?
The US Dollar (USD) has extended its recovery on Tuesday, climbing to new multi-week highs on the back of steady bets for extra Fed tightening, while increasing hopes of a potential deal to unlock the US-Iran-Hormuz con…
US Dollar Index pushes higher on the case for another Fed increase
The Dollar Index trades near 100.70, its highest level since late July. It has climbed through five straight sessions of falling Crude Oil, the opposite of how the war has moved it for most of this year. The Fed is the …
Asia FX: AI-driven support for regional currencies – MUFG
MUFG’s Michael Wan notes that improved risk sentiment and AI optimism around Meta’s Muse supported a slightly stronger Dollar and stable DM yields. He argues that Asia FX and rates could benefit from continued infrastru…
Fed’s Barkin backs rate hike, stays unsure on more increases
Richmond Federal Reserve (Fed) President Thomas Barkin said on Tuesday that the Federal Open Market Committee (FOMC) decided to raise interest rates last Wednesday because inflation risks outweighed those to maximum emp…
Japanese Yen: Turning point with BoJ shift – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong argue that intervention risks and a more hawkish Bank of Japan (BoJ) are key for the Japanese Yen (JPY). They see faster BoJ policy tightening gradually supporting JPY…
Trump signals diplomatic push on Ukraine and Iran as diesel ban looms
US President Donald Trump is figuring out a solution to end the war between Russia and Ukraine, after meeting with Ukrainian President Volodymyr Zelenskyy. Furthermore, he added that Russian President Vladimir Putin is …