The recent U.S. presidential debate between Kamala Harris and Donald Trump had a noticeable impact on Asian currencies, with most of them gaining ground as the dollar retreated. One of the biggest beneficiaries of this trend was the Japanese yen, which saw increased safe-haven demand following the debate. The yen reached its strongest level since
Forex
Citi, a well-known brokerage firm, has recently expressed its perspective on the future of the US dollar. Despite maintaining a bullish stance on the currency for the next one to two months, Citi anticipates a further weakening of the US dollar in the near term. The brokerage firm believes that the current market conditions do
UBS’s recent advice to investors to sell any potential short-term gains in the US dollar reveals a growing bearish sentiment towards the currency. The firm’s analysis suggests that a corrective rebound may occur in September, especially if the Federal Reserve’s cautious approach to interest rate cuts persists. This trend aligns with historical data that shows
The currency markets in Asia have seen little movement on Tuesday as investors remain cautiously optimistic amidst a backdrop of global economic uncertainty. Regional currencies have been grappling with losses over the past week, dampening risk appetite. However, hopes of potential U.S. interest rate cuts have provided some support, limiting overall losses in the currency
The Swiss National Bank (SNB) is grappling with unexpected challenges as Switzerland’s inflation rate unexpectedly drops to 1.1% year-on-year in August, below both July’s figure of 1.3% and the projected rate of 1.2%. This decline indicates a significant slowdown in inflation, putting the SNB in a difficult position as it strives to meet its 1.5%
The U.S. dollar has been facing challenges in the market recently, with weak economic data contributing to a decline in its value. Investors are concerned about the possibility of an outsized interest rate cut by the Federal Reserve in response to disappointing economic indicators. The Dollar Index, which measures the dollar against a basket of
The U.S. dollar has recently hit a two-week high against the euro as investors gear up for a week packed with significant data releases, notably the U.S. payrolls report scheduled for Friday. The EUR/USD pair remained relatively stable at 1.1046, while the USD/JPY pair experienced a slight decrease to 145.31. The upcoming jobs report is
The U.S. dollar has experienced a slight decline recently but remains near its highest point in almost two weeks. Investors are closely watching for the upcoming U.S. jobs report set to be released at the end of the week. At 18:40 EST (22:40 GMT), the U.S. dollar index was down by 0.1% at 101.64, with
The U.S. dollar experienced a slight decline in trading on Monday, with investors eagerly awaiting key labor market data to determine the possibility of Federal Reserve interest rate cuts. The Dollar Index, which measures the dollar against a mix of other currencies, dropped 0.1% to 101.577, after hitting 101.79 earlier in the day. The upcoming
The US dollar is facing increasing downward pressure in the upcoming months, with analysts at UBS expressing a bearish outlook for the greenback. This negative forecast is driven by multiple factors, including narrowing interest rate differentials, concerns over the growing US fiscal deficit, and shifting global monetary policies. As a result, UBS has downgraded the