15.08.2022
Chicago 12, Melborne City, USA
Politics

Dollar Rose, Yen Fell as Traders Adjusted Bet on Fed Hikes

The strong set of job market data seemed to have cleared much concern over recession in the US, and set the tone for the financial markets. Benchmark treasury yields jumped as traders added bets on the Fed continuing with the current pace of tightening beyond neutral. Stocks markets were resiliently firm despite that and look […]

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Politics

Yen, Swiss Franc and Dollar Turn Softer on Slightly Upbeat Sentiment

Yen, Swiss Franc and Dollar turn softer with other markets trading in a slightly upbeat tone. Traders are back to business as usual, after no substantial actions from China during the time US House Speaker Nancy Pelosi visited Taiwan. Australian Dollar is leading Canadian and Sterling higher. Euro is mixed for now. Focuses will turn […]

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Business

Japanese Yen Scores Notable Comeback As US-China Tensions Trigger Fears

The Japanese yen (JPY) has recorded one of its aggressive rallies against the US dollar (USD) in a long time, as the USD/JPY pair touched the 130.39 low. The solid performance in the yen comes amid rising US-China tensions over a Taiwan visit by US Representative Speaker Nancy Pelosi. Worries over the outcome of this […]

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Politics

Yen Overwhelmed Dollar on Falling Benchmark Yields

Dollar ended broadly lower last week, as the worst performer, as hammered by the events of FOMC meeting and GDP release. In short, the Fed chair has signaled a slower tightening pace ahead and the message was reinforced by another quarterly GDP contraction print. Whether the US was already in recession or not, Fed is […]

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Politics

Dollar, Yen and Franc Soft in Quiet Cautious Markets

Markets continue to be very quiet in the Asian session today. Investors are clearly holding their bets ahead of tomorrow’s FOMC rate hike. Dollar is a softer one together with Yen and Swiss Franc. On the other hand, Canadian Dollar is firmer together with Aussie. Euro and Sterling are mixed. Generally speaking, most major pairs […]

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Business

Japanese Yen to Maintain Bearish Descent as BoJ Remains Ultra-Dovish

The Japanese yen (JPY)’s woes continued through the recently concluded week as it weakened further against its major counterparts. This weakness has been the yen’s theme for most of 2022 as the Bank of Japan (BoJ) remains unwilling to adopt a more hawkish stance in the wake of record inflation, like other central banks. Given […]

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Politics

Yen Extends Decline Against Dollar and Canadian

Yen’s selloff continues in Asian session today, on expectation of further divergence in BoJ’s policy with other major central banks. BoC’s mega 100bps hike overnight prompted talks that the Fed could follow later in the month, given that headline consumer inflation is showing no sign of even plateauing. Dollar remains the strongest one for the […]

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Politics

Yen Selloff Resumes, RBNZ and BoC to Hike This Week

Yen’s selloff resumes in Asian session with USD/JPY making new recent high. The ruling coalition of Liberal Democratic Party and its junior partner Komeito scored a strong victory in Japan’s upper house elections. There might be sympathetic votes for the tragic death of former Prime Minister Shinzo Abe. But it’s also seen as a nod… […]

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Politics

Aussie Showing Resilience, Dollar and Yen Staying Firm

The stock markets are starting to show some resilience, despite the hawkish FOMC minutes. US stocks managed to close higher after initial selloff. Nikkei is also showing some strength in the Asian session. Dollar and Yen are retreating mildly while Aussie and Kiwi are trading higher. As for the week, Euro and Sterling remain the […]

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Politics

Euro and Sterling Staying Weak, Dollar and Yen to Decide the Real Winner Soon

Recession fear is currently the main theme in the markets, with Euro and Sterling hardest hit in the currency markets. Canadian Dollar is somewhat a distant third weakest, as dragged down by oil prices. Nevertheless, Aussie and Kiwi are relatively resilient. Yen and Dollar are at par in strength for now. But they could soon… […]

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