The Dollar Index (DXY) has softened a little this week – largely in response to overseas events. Here the third-quarter eurozone growth data and October German price data were stronger than
What’s going on here?Asian currencies faced a tough October as the US dollar strengthened, driven by waning hopes for Federal Reserve rate cuts and uncertainty surrounding the upcoming US presidential
The Australian Dollar depreciates after the release of mixed economic data from Australia and China’s NBS PMI on Thursday. Australian Retail Sales rose by 0.1% MoM in September, against the
Canadian Dollar rises slightly against US Dollar following mixed economic data. Soft US GDP growth and strong ADP Employment Change figure support the USD in Wednesday session. NFP expectations point
AUD/USD rebounds from multi-week lows amid USD weakness. A break above the 200-day SMA at 0.6630 could signal a more positive outlook for the pair. The RBA's cautious tone and
If buyers come in on the first test of this level then look for them to take a run at the multi-month high at 104.799. If sellers drive the index
Underlying inflation in Australia rose 0.8% in Q3, in line with expectations and RBA forecasts Services inflation remains above acceptable levels, goods inflation decelerates Labor market the sticking point preventing
Image used for representative purpose only | Photo Credit: R. Ragu The rupee opened on a flat note and depreciated 2 paise to 84.07 against the U.S. dollar in initial
The Indian Rupee remains steady in Wednesday’s Asian session. Rising US Treasury yields and significant foreign outflows could weigh on the INR; RBI’s intervention might cap its downside. Investors await
FX Empire – Australian Monthly CPI Indicator While softer inflation could pressure the RBA to cut rates, forward guidance will be crucial. In September, RBA Governor Michele Bullock stated that