-- Most Asian currencies firmed on Monday with the Japanese yen rising sharply amid increasing bets that the Federal Reserve will cut interest rates in September, which put the dollar at 13-month lows.
The US Dollar continues to go back and forth at this point in time, as the markets are trying to figure out whether or not the carry trade can come back into vogue. The next couple of weeks, I suspect it is only a matter of time before we have
The Aussie dollar has been bullish again this week, as we are looking at this range being stretched. The market is close to the highs of this range, and with the Jackson Hole Symposium speeches going on, it makes a lot of sense that the markets will be volatile.
The USD/JPY pair continues to see a lot of back and forth action in the early hours of Friday. This is a pair that will continue to see a lot of noise as we are waiting to see what Jerome Powell has to say at Jackson Hole.
The Aussie dollar has risen a bit in the early hours of the Friday session, as the markets continue to pay close attention to the Jackson Hole Symposium, and the statement that is coming from Jerome Powell. Furthermore, we will have to look at the weekend as a time that
- The U.S. dollar slipped lower in early European trade Friday, as a rebound from seven-month lows faltered, ahead of Fed Chair Jerome Powell’s eagerly-anticipated...
The U.S. dollar slipped lower in early European trade Friday, as a rebound from seven-month lows faltered, ahead of Fed Chair Jerome Powell’s eagerly-anticipated speech at the Jackson Hole symposium. This weakness followed concerns about a weakening economy and on expectations the Federal Reserve is close to cutting interest rates. The focus is now squarely on an address by Powell at the Jackson Hole Symposium later on Friday, where he is expected to provide more cues on interest rates and the economy.
The dollar’s sharp decline against most currencies continued this week.
Bank of Japan Gov. Kazuo Ueda reaffirmed that the bank plans to continue raising rates, after recent communications confused market players about its future policy path. Earlier this month, speculation about tighter BOJ rate policy and concern about the U.S. economic outlook hit Tokyo stocks and sharply boosted the yen. Market players took Ueda's message more calmly on Friday, as the governor promised to pay close attention to market developments.
-- Most Asian currencies firmed on Friday as a rebound in the dollar cooled before an upcoming address by Federal Reserve Chair Jerome Powell, where he is expected to...
