13h ago
EUR/USD in the Red: Fed Rate, IPO and Geopolitics Support the Dollar
EUR/USD fell to 1.1170 on Tuesday, marking its fourth consecutive day of decline. Investors are bracing for a busy week of macroeconomic data and the Federal
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Stay updated on forex market news covering major, minor, and emerging market currency pairs. Follow central bank decisions, interest rate changes, inflation data, economic reports, and geopolitical developments that impact exchange rates and global currency markets.
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2d ago
Canadian dollar steadies after posting longest daily winning streak in four years
The Canadian dollar steadied against its US counterpart on Monday after seven straight days of gains, but the move was limited ahead of interest rate decisions this week by the Federal Reserve and the...
10-16
Aussie dollar sinks to threemonth low as weaker jobs data dampens chance of RBA rate hike
The Australian dollar sank to its lowest level since early July following weaker jobs data, which has dramatically cooled expectations for the Reserve Bank of Australia (RBA) to hike rates again in November.
10-15
Global Market: Asian currencies slide as hot US inflation fuels Fed rate hike bets; won hits twoweek low
Emerging Asian currencies weakened as hotter-than-expected US inflation revived Federal Reserve rate hike concerns, boosting the dollar and triggering a sell-off in AI-linked stocks. South Korea's won, Taiwan dollar, Philippine peso and Indonesian rupiah came under pressure amid capital outflows and rising borrowing costs.
10-15
Dollar pulls back from 18month high as Treasury yields fall; Fed hike bets ease
The dollar slipped from an 18-month peak on Thursday in choppy trading as a sharp drop in Treasury yields weighed on the greenback, while cautious remarks from Federal Reserve officials tempered...
10-15
Rupee Strengthens to 94.92 Against Dollar
The Indian rupee opened at 94.92 against the US dollar, up 23 paise from the previous session's close of 95.15. The currency drew support as US Treasury yields pulled back after September inflation data came in stronger than expected, cooling expectations for a Federal Reserve rate hike in October. The Reserve Bank of India has introduced a 20% Foreign Exchange Risk Reserve requirement on specified rupee derivative contracts exceeding $2 million.
10-15
Dollar retreats from 18month high despite hot CPI as Fed officials temper hike bets
The dollar has fallen back after peaking at an 18-month high, fueled by stronger than expected inflation data. Expectations of an October rate hike were moderated by prudent remarks from Federal Reserve officials. With Treasury yields decreasing, the dollar slipped against key currencies like the euro and sterling. Traders are now closely monitoring the upcoming US producer price and retail sales figures to gauge future market movements.
10-14
South African rand slides as US inflation print boosts Fed tightening bets
The South African rand weakened sharply on Wednesday after a hotter-than-expected US inflation reading boosted expectations that the Federal Reserve could raise interest rates later this month.
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10-14
Ringgit opens marginally higher against US$ on weaker DXY
KUALA LUMPUR: The ringgit opened marginally higher against the US dollar on Wednesday, supported by a weaker US Dollar Index (DXY) as investors reassessed the outlook for US interest rates following signals that the Federal Reserve may adopt a less aggressive monetary policy stance.
10-1
Indian rupee set to slip as oil gains and US yields stay high, fading October Fed hike bets offer limited support
The Indian rupee faced renewed depreciation pressure on Thursday as rising oil prices and elevated U.S. Treasury yields weighed on the currency. Brent crude’s December contract rose nearly 2% on Wednesday, taking its September gain to around 14%, while the 10-year U.S. yield climbed near its highest level since 2007. Softer-than-expected August U.S. inflation data and cooling expectations for an October Federal Reserve rate hike did little to lift sentiment.
