Forex
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New Zealand Dollar struggles after China’s Trade Balance data
NZD/USD depreciates following China’s August trade data, which showed weaker-than-expected import growth of 28.2%. Disappointing Chinese import expansion weighs heavily…
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AUD/JPY Weakens below 111.00, remains capped below 100-day SMA
AUD/JPY weakens to near 110.75 in Tuesday’s early European session. The cross keeps a negative tone under the 100-day SMA,…
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EUR/JPY Price Slips below 178.50 within oversold territory
EUR/JPY could test the lower boundary of the descending channel around 177.70. The 14-day Relative Strength Index at 23.09 indicates…
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Japanese Yen rises to seven-month high on BoJ rate hike bets
USD/JPY tumbles to near 153.50 in Tuesday’s early European session. Expectations that the BoJ could raise interest rates next week…
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Euro holds steady above 1.1600 as markets brace for US inflation data and ECB rate decision
EUR/USD flatlines near 1.1625 in Tuesday’s early European session. Markets are in a “wait-and-see” mode ahead of key US inflation…
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Rupee Retreats on Oil, Importer Demand
The Indian rupee fell to around 94.61 per dollar, retreating from more than two-month highs as rising oil prices and…
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Offshore Yuan Steady Near 2023 Peak
The offshore yuan held steady around 6.70 per dollar on Tuesday, remaining near its strongest level since January 2023, as…
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Australian Dollar remains steady following China’s Trade Balance data
AUD/USD moves little as China’s August Trade Balance came in at $119.09 billion, almost in line with $119.1 billion. Westpac…
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US Dollar Index (DXY) struggles below 99.00, two-week low as traders eye US inflation data
DXY drifts lower for the second straight day – also marking the fourth day of a fall in the previous…
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Canadian Dollar gains as US Dollar struggles despite rising Fed rate hike bets
USD/CAD struggles as the US Dollar declines despite growing expectations of a Fed rate hike in September. Canadian Dollar strengthens…
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