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Dollar looking lower [Video]
Markets finished last week in risk-on mode after US CPI came out at 2.9%, right in line with expectations. Since there were no surprises in the report, the dollar moved lower, as Powell will most likely be looking to cut rates by 25 basis points this week, with even a chance of a 50 basis point cut.
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luxury serviced apartments in koramangala comfort and convenience
In Bangalore dynamic urban landscape, finding the perfect accommodation that seamlessly blends luxury, comfort, and convenience has become increasingly important for modern professionals and families. Serviced apartments in Koramangala have emerged as the premier choice for those seeking an elevated
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NZD/USD rallies beyond 0.5900 on Dollar weakness, strong China's trade
The New Zealand Dollar approaches three-week highs, buoyed by the US Dollar's weakness.The US Dollar remains pinned near lows as investors brace for a Fed rate cut next week.China's trade surplus beat expectations earlier on Monday, increasing bullish pressure on the NZD. The New Zealand Dollar has
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USD: Resilience of dollar could quickly give way – MUFG
The US dollar has certainly shown some better resilience this week although the gains recorded yesterday have reversed so far today – a possible delayed reaction to the steady stream of weak labour market data ahead of today’s nonfarm payrolls report. The DXY is still a touch stronger this week (0.3
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When dragons break ceilings and giants stumble: Capital’s next great migration
The irony of 2025 is that the market everyone wants to watch isn’t the one that matters most. Wall Street is still the global amphitheater, but the real show has been running in Shanghai. Chinese equities are pressing up against decade-long resistance like a tide that refuses to recede, and their ow
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NZD/USD: Major resistance at 0.5920 is unlikely to come under threat – UOB Group
New Zealand Dollar (NZD) is expected to move higher, but the major resistance at 0.5920 is unlikely to come under threat. In the longer run, the likelihood of NZD breaking above the top of the 0.5820/0.5920 range is increasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. Likelihood o
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AUD/USD rises toward 0.6500 as USD weakens on dovish Powell tone
AUD/USD gathers bullish momentum in the American session on Friday.Fed Chair Powell acknowledged increasing downside risks to the labor market.The US Dollar comes under strong selling pressure heading into the weekend. Following the bearish action seen throughout this week, AUD/USD reversed its dire
