Forex

There is a lot of focus today on whether Banxico will cut its high policy rate to 10.75% from 11.00% when it meets tonight. It has been on hold since it…

Gold price hovers near $2,400 as the US Dollar and bond yields correct. The Fed is expected to cut interest rates by more than 100 bps this year. Investors…

Instead of continuing to advance, USD is more likely to trade between 7.1450 and 7.1900, but further USD weakness is not ruled out. Although, the low near…

The Australian Dollar (AUD) could pullback, but any decline is unlikely to threaten 0.6480. Otherwise, AUD is likely to trade in a 0.6400/0.6600 range for the…

Here is what you need to know on Thursday, August 8: Following a two-day rebound, the US Dollar (USD) seems to be struggling to keep its footing on Thursday,…

USD/CAD extends its decline near 1.3730 in Thursday’s early European session, losing 0.20% on the day.  The risk to consumer spending could be significantly…

USD/CHF loses traction around 0.8590 in Thursday’s early European session, down 0.30% on the day.  The US Fed is expected to cut rates more aggressively…

The Indian Rupee loses traction in Thursday’s Asian session. RBI’s MPC decided to keep the repo rate unchanged at 6.5% in its August meeting on Thursday.…

The Japanese Yen experienced downward pressure after the dovish remarks from BoJ Deputy Governor Uchida. BoJ Summary of Opinions emphasizes targeting a…

Reserve Bank of Australia (RBA) Governor Michele Bullock is delivering a speech titled ‘Economic Conditions in Post-Pandemic Australia with a Regional Lens’ at…