USD/CAD attracts some dip-buying on Friday amid a modest pickup in the USD demand. The prospects for additional Fed rate hikes, elevated US bond yields benefit the greenback. The recent rally in oil prices could underpin the loonie and keep a lid on any further gains. The USD/CAD pair rebounds a few pips from the… Read More »
USD/JPY gains traction on Friday and moves away from over a one-week low set the previous day. The Fed-BoJ policy divergence and a positive risk tone undermine the JPY and act as a tailwind. The recent hawkish remarks by Fed officials help revive the USD demand and remain supportive. The USD/JPY pair builds on the… Read More »
USD/JPY struggles to gain any meaningful traction and remains confined in a narrow band. The Fed-BoJ policy divergence acts as a tailwind amid a goodish pickup in the US bond yields. Recession fears offer support to the safe-haven JPY and cap gains amid modest USD weakness. The USD/JPY pair refreshes its daily high during the… Read More »
USD/JPY is seen oscillating in a narrow trading band around the 135.00 mark on Tuesday. Recession fears, US-China tensions underpin the safe-haven JPY and seem to cap the pair. The Fed-BoJ policy divergence acts as a tailwind ahead of the US CPI report on Wednesday. The USD/JPY pair extends its sideways consolidative price move through… Read More »
Gold regains positive traction on Monday amid retreating US bond yields, a weaker USD. The risk-on impulse, along with hawkish Fed expectations, should cap any further gains. The market focus would remain glued to the US consumer inflation data on Wednesday. Gold manages to attract fresh buying on Monday and builds on its steady intraday… Read More »
AUD/USD gains strong positive traction on Monday and is supported by a combination of factors. Sliding US bond yields undermine the USD and offer support to the aussie amid the risk-on impulse. Hawkish Fed expectations could limit losses for the USD ahead of the US CPI report on Wednesday. The AUD/USD pair climbs to a… Read More »
USD/CAD witnesses fresh selling on Monday amid modest USD weakness. Retreating US bond yields, the risk-on impulse weighs on the safe-haven USD. Bearish oil prices could undermine the loonie and help limit any further losses. The USD/CAD pair attracts fresh selling on the first day of a new week and retreats further from a nearly… Read More »
USD/JPY witnesses a modest pullback from over a one-week high touched earlier this Monday. Retreating US bond yields keep the USD bulls on the defensive and act as a headwind for the pair. The Fed-BoJ policy divergence should help limit the downside amid a bullish technical setup. The USD/JPY pair surrenders its modest intraday gains… Read More »
A combination of factors assists NZD/USD to catch fresh bids on the first day of a new week. Retreating US bond yields undermines the USD and offers support amid a positive risk tone. Recession fears, larger Fed rate hike bets could limit the USD losses and cap gains for the pair. The NZD/USD pair regains… Read More »
