NZD/USD falls below 0.5750 due to increased risk aversion, awaits FOMC monetary policy
The New Zealand dollar (NZD) fell sharply against the US dollar (USD) on Monday, slipping below the 0.5750 mark, as global markets grappled with increased risk aversion ahead of the Federal Reserve’s monetary policy decision. The NZD/USD pair extended losses as traders sought safe-haven assets, bolstering the greenback’s strength. Concerns over slowing global growth and […]
Pound sterling steadies as Uk inflation meets expectations
The pound sterling has steadied in early trading today as UK inflation figures for November came in line with expectations. The annual inflation rate remained at 4.1%, according to official data, unchanged from October. This marks a crucial moment for the UK economy as investors look for signs of economic stabilization following months of high […]
Australian Dollar depreciates as US Dollar remains solid ahead of Fed decision
The Australian Dollar weakened against the US Dollar on Tuesday, pressured by market caution ahead of the Federal Reserve’s upcoming policy decision. Investors gravitated toward the US Dollar as a safe haven, bolstered by robust economic data that reaffirmed expectations of the Fed maintaining higher interest rates for longer. While the Australian Dollar faced selling […]
PBOC sets USD/CNY reference rate at 7.1880 vs. 7.1891 previous
The People’s Bank of China (PBOC) set the USD/CNY reference rate at 7.1880 on Wednesday, marginally stronger than the previous fix of 7.1891. The move reflects Beijing’s continued efforts to stabilize the yuan amid broader economic pressures and market fluctuations. Analysts view the slight strengthening as a signal of PBOC’s calibrated approach to maintaining currency […]
NZD/USD weakens to near 0.5750 as traders brace for Fed rate decision
The NZD/USD pair slipped closer to 0.5750 as market participants positioned themselves ahead of the Federal Reserve’s rate decision. The decline reflects a cautious sentiment as traders assess the Fed’s next move amid recent inflation data and global economic uncertainties. The U.S. dollar maintained strength, supported by expectations that the Fed will leave interest rates […]
Mexican Peso retreats as market focus on Fed, Banxico meetings
The Mexican peso softened against the U.S. dollar as investor focus shifted to upcoming policy decisions from the Federal Reserve and Mexico’s central bank, Banxico. Uncertainty surrounding interest rate trajectories heightened, prompting cautious market sentiment. Traders are bracing for the Fed’s decision, with expectations of a pause but hints of hawkish undertones that could influence […]
EUR/GBP extends losses as UK jobs data boosts pound
EUR/GBP continues its decline, extending losses to around 0.8250 following the release of the UK employment data. The Pound Sterling (GBP) gained strength as the UK labor market showed resilience, with the unemployment rate holding steady at 4.3% and jobless claims falling unexpectedly. However, employment growth slowed, adding only 173,000 new workers, down from the […]
USD/CHF gains momentum as markets eye fed rate cut
USD/CHF trades higher near 0.8955 on Tuesday, gaining 0.16% in early European trade as renewed demand for the US Dollar supports the pair. Traders remain focused on Wednesday’s highly-anticipated Federal Reserve meeting, where a 25 basis points rate cut is expected, bringing the federal funds rate to 4.25%-4.50%. Markets will closely scrutinize the Fed’s Summary […]
Ripple reveals official launch for RLUSD, XRP eyes new all-time high at $4.75
Ripple has officially announced the launch of its stablecoin RLUSD, scheduled for Tuesday, sparking optimism for a potential surge in XRP’s price. Market analysts believe Ripple’s native token could hit a new all-time high of $4.75, building on renewed investor confidence in the network’s broader ecosystem. This move comes as Ripple positions itself to leverage […]
Australian dollar depreciates following a report of capital outflows from China
The Australian dollar weakened on Tuesday, pressured by renewed concerns over capital outflows from China. Reports revealed significant investor withdrawals, fueling fears over China’s economic stability and its ripple effects on major trading partners like Australia. The currency dropped to $0.65, reflecting its vulnerability to China’s economic headwinds. The capital flight comes amid sluggish growth […]