Following poor Chinese PMI data, where manufacturing fell to 49.2 in July, falling short of forecasts, AUD/USD is still muted. The Australian Dollar is under pressure as weak Q2 inflation has effectively eliminated the possibility of an August RBA rate hike. The US Dollar appreciates even as risk aversion diminishes, influenced by recent diplomatic developments. … Read more
AUD/USD may depreciate as the US Dollar could find support, as three policy members dissented in favour of a rate hike. Australia’s 10-year yield decreased to 4.9% following a decline in June inflation, which has subsequently tempered expectations for rate hikes. Markets have reduced the likelihood of a 2026 RBA rate increase to 50% in … Read more
EUR/USD is currently positioned at approximately 1.1450, having reached about 1.1480 — the highest point since June 17 — following a second-quarter euro area GDP announcement that surpassed all previously published projections. The pair experienced a notable increase on Wednesday following the Federal Reserve’s decision to maintain interest rates at their current levels. This prompted … Read more
Sterling traded at $1.3298 against the dollar on Wednesday, up 0.09%, holding a shade under the 1.3300 handle for a second consecutive session. Tuesday’s entire range spanned under 40 pips, between a floor above 1.3250 and a ceiling fractionally above 1.3300. That is a market that has stopped moving, and it has stopped moving directly … Read more
The dollar traded at 163.6710 against the yen on Wednesday, down 0.10% from the previous session, holding within a whisker of the weakest level the Japanese currency has seen since December 1986. That forty-year low was printed at 163.99 last week. The pair has consolidated between roughly 163.55 and 163.90 since, refusing to either break … Read more
AUD/USD appreciates to approximately 0.7010 during the Asian session on Thursday. Australia’s unemployment rate remained stable at 4.4% in June, aligning with expectations. Iran issued a warning regarding a potential response should the United States act on Trump’s threats to dismantle infrastructure. The AUD/USD pair maintains a favourable position close to 0.7010 during the Asian … Read more
During Wednesday’s early Asian session, AUD/USD gains momentum to about 0.7010. Increasing oil prices may solidify a fourth rate increase by the RBA this year, contingent upon the resolution of US-Iran conflicts in the coming weeks. The US has initiated the 11th night of strikes against Iran as diplomatic efforts continue to falter. The AUD/USD … Read more
EUR/USD traded near 1.1411 on Wednesday, reflecting a slight increase of 0.11% during the session, yet remaining close to one-year lows. The pair has continued a week and a half of directionless fluctuations within the range of approximately 1.1380 and 1.1480. The euro remains indecisive, primarily due to traders’ hesitance ahead of Thursday’s European Central … Read more
AUD/USD has experienced a rally for the second consecutive day, reaching one-month highs above 0.7020. Investors’ optimism regarding a potential ceasefire in Iran is exerting downward pressure on the US Dollar. Increased speculation regarding a potential rate hike by the RBA later this year lends further support to the Australian dollar. The Australian Dollar is … Read more
GBP/USD traded near 1.3450 Tuesday, maintaining its position in the upper half of the late-June-to-July recovery range. The pair navigated the implications of softer recent US inflation data while weighing the firmer energy-led inflation risks, alongside the upcoming central-bank decisions at the end of the month. Cable has rebounded from a June low near 1.3150 … Read more
