Canadian Dollar Slips While Bond Yields Edge Higher
The Canadian dollar weakened slightly against the U.S. dollar on Wednesday, while yields on Canadian government bonds moved higher. The loonie declined by 0.2%, trading at C$1.3985 to the U.S. dollar, equivalent to 71.51 U.S. cents. Throughout the session, it fluctuated within a range of C$1.3951 to C$1.3999. Canada’s 10-year government bond yield rose by […]
Asian Currencies Slide as Dollar Holds Near One-Year High
Asian currencies weakened on Thursday, while the U.S. dollar remained close to a one-year high amid growing uncertainty about a potential interest rate cut by the Federal Reserve in December. The dollar’s strength has been supported by persistent inflation in October, signals of economic resilience from the Federal Reserve, and expectations of inflationary policies under […]
Asian Currencies Remain Steady as Dollar Holds Near 4-Month High Ahead of U.S. CPI Data
Asian currencies remained relatively unchanged on Wednesday, while the U.S. dollar hovered near recent highs as attention shifted to upcoming U.S. inflation data for indications on potential interest rate movements. The dollar strengthened significantly over the past week, with most Asian currencies losing ground following Donald Trump’s victory in the 2024 U.S. presidential election. Uncertainty […]
UBS Adjusts USD/JPY Outlook, Suggests Possible Surge to 160
UBS has updated its forecast for the USD/JPY exchange rate, signaling potential fluctuations over the next year. The bank now anticipates the currency pair reaching 155 by December 2024, then 152 in March 2025, followed by 150 in June, and 147 by September. By the close of 2025, UBS expects USD/JPY to reach 145, revising […]
Sterling Suffers Biggest Weekly Drop Since January
The British pound is on track for its largest weekly loss since January, weighed down by disappointing UK economic data and the rising strength of the US dollar, which has been bolstered by investor confidence in U.S. economic policies. Economic reports released on Friday revealed that the UK economy unexpectedly shrank in September, with growth […]
Dollar Surges, Euro Slips After Trump Wins U.S. Presidential Election
The U.S. dollar climbed to its highest point in four months on Wednesday after Donald Trump secured victory in the U.S. presidential election. This win has fueled expectations that his proposed policies on immigration, taxes, and trade could accelerate economic growth and inflation in the United States. Trump defeated Democratic candidate Kamala Harris to regain […]
Japan Invested $20.7 Billion in Currency Stabilization on July 11
Japan allocated 3.168 trillion yen (about $20.7 billion) for currency intervention on July 11, followed by an additional 2.367 trillion yen on July 12, as detailed in quarterly data from the Ministry of Finance (MOF) released on Friday. This breakdown is part of the larger 5.53 trillion yen intervention conducted from June 27 to July […]
Top 3 Emerging Market Currency Trades to Watch
Following the recent U.S. presidential election, Alpine Macro (BCBA) has highlighted three emerging market (EM) currency trades that could gain traction, particularly if heightened protectionist policies take hold under the current administration. The suggested pairs include shorting the Mexican peso (MXN) against the Brazilian real (BRL), the Chinese yuan (CNY) against the Japanese yen (JPY), […]
Euro Drops to Seven-Month Low Against Dollar Amid Trade Tariff Concerns
The euro fell to a near seven month low against the U.S. dollar on Monday as investor concerns grew over potential trade tariffs from the incoming U.S. administration, which could negatively impact the eurozone economy. Since last week’s U.S. presidential election victory by Donald Trump, the euro has gradually weakened, with fears intensifying around possible […]
Asian Currencies Show Little Movement as China’s Stimulus Falls Short; Dollar Holds Steady with Inflation Data Ahead
Asian currencies traded within a narrow range on Monday, as investors reacted coolly to China’s latest fiscal spending efforts. Meanwhile, the U.S. dollar held steady, with traders eyeing key consumer inflation data expected later this week. Asian currencies have faced significant losses in recent sessions as the dollar strengthened following Donald Trump’s victory in the […]