EUR/USD Ticks Higher as US Equities Pull Back
A routine market snapshot shows US equity indexes falling, with the S&P 500 down 0.45% and Dow down 1.21%, while EUR/USD gains 0.22%.
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A routine market snapshot shows US equity indexes falling, with the S&P 500 down 0.45% and Dow down 1.21%, while EUR/USD gains 0.22%.
NZD/USD hovered near a two-month low around $0.571 as a hawkish Federal Reserve rate hike bolstered the greenback. Although New Zealand's Q2 GDP beat expectations by growing 0.2%, persistent US polic…
A routine market snapshot shows US equity indexes lower while EURUSD trades virtually flat with a minor 0.06% decline.
The euro stabilized near one-month lows around $1.155 as the US dollar remained firm ahead of an anticipated Federal Reserve rate hike. Meanwhile, rising market bets on European Central Bank rate inc…
The Japanese yen weakened toward 155 per dollar as the greenback strengthened ahead of the Federal Reserve decision. Rising oil import costs added pressure on the yen, though declines were capped by …
Japan's core machinery orders are projected to dip 1.0% month-over-month in July following a 9.7% surge in June, while expanding 15.3% year-over-year. Underlying corporate capital expenditure remains…
Japan's August trade deficit is projected to widen past ¥1 trillion due to surging commodity import costs amplified by a weak yen. Despite solid export growth in autos and semiconductors, high oil an…
The Japanese yen hovered near 154 per dollar as markets anticipate the Bank of Japan raising interest rates to 1.25% on Friday. Heightened expectations for aggressive BOJ tightening, carry trade unwi…
The Australian dollar declined to a two-week low near $0.71 as hotter US inflation boosted Federal Reserve rate hike expectations. Despite high odds of an RBA rate hike and elevated crude oil prices,…
U.S. consumer prices rose 0.4% in August, pushing annual inflation to 3.4% alongside surging energy costs. The acceleration boosted expectations for a Federal Reserve interest rate hike next week to …
The British pound rose toward $1.352 following stronger-than-expected UK July GDP growth of 0.4%, lifting Bank of England rate hike bets. However, upside remains tempered as the US dollar holds stead…
Japan's foreign exchange reserves plunged by a record $79.6 billion following massive currency interventions to prop up the yen. With reserve depletion limiting future dollar-selling actions, market …
The Swiss franc weakened past 0.81 per USD, pressured by widening US-Swiss interest rate differentials and increasing carry trade selling. With the Swiss National Bank projected to hold rates at 0% w…
A routine market snapshot shows marginal losses across assets, with EUR/USD slipping 0.09% alongside minor declines in major US stock indices.
A routine market snapshot indicates minor declines across US indices and currencies, with EUR/USD dipping 0.07%, the S&P 500 falling 0.48%, and the Dow Jones shedding 0.65%. No underlying news or det…
A routine intraday market snapshot shows modest declines across asset classes, with EUR/USD down 0.14% alongside slight pullbacks in major US equity indices.
Japan's August Corporate Goods Price Index is projected to rise 7.4% year-on-year, its fastest pace since February 2023. Driven by rising energy costs, logistics expenses, and import price pressures,…
Natixis economist Trinh Nguyen expects significant upside for the Japanese yen, citing domestic interest rate hikes, attractive JGB yields, investor capital reshoring, and persistent currency underva…
Markets traded slightly lower, with the S&P 500 down 0.38%, the Dow Jones dropping 0.51%, and EUR/USD slipping 0.11% in routine market action.
Asian shares traded mixed Tuesday following the US Labor Day holiday. The yen strengthened against the US dollar amid ongoing intervention speculation, while crude oil climbed higher on geopolitical …