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Forex
GBP stays in green against USD as dollar index slips
April 09, 2021 02:37 AM AEST| By AbhijeetSource:CHAINFOTO24, Shutterstock Summary GBP traded higher against USD, maintaining most of its morning gains. The US dollar index retreated more than 0.30 per cent. BoE had fixed a reference exchange rate 1.3788 USD on 7 April. The Grea...
INR puts worst show in 20 months on fears of liquidity glut
April 08, 2021 01:23 AM AEST| By Team Kalkine MediaSource: saisnaps, Shutterstock The Indian Rupee (INR) has put up its worst intra-day show in 20 months on concerns of liquidity glut induced by the Reserve Bank of India’s (RBI) proposed bond buying plans. At the interbank foreign exchange ma...
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Why Are the Australian and NZ Bond Prices Rallying and Currencies Edging Lower?
March 27, 2021 03:10 AM AEDT| By ManikaSource: Andrii Yalanskyi, Shutterstock Summary Australian and NZ bonds rally, but bond yields go down. After holding up for several months, the NZ & the Australian dollars weaken. Low interest rates are being cited as the reason for these...
Dented Risk Appetite Pushes Greenback to Four-Month High
March 24, 2021 11:15 PM AEDT| By DaminiSource: Deacons docs, Shutterstock Summary The US Dollar traded near its four-month high level on Wednesday as global markets’ concerns waned investors’ risk appetite. The potential US tax hikes, shutdowns in Europe and the intensi...
NZ & Australian Dollar Weak Against the USD
March 23, 2021 07:03 PM AEDT| By Manikashowed weakness against the USD, Australian and New Zealand Dollar remained firm Fall in Turkish Lira and softening of crude (oil) prices and iron ore are having an impact on the currency market. Australian dollar and NZ dollar which were...
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How Treasury Yields Fluctuations Swayed the Currency Market
March 10, 2021 07:56 PM AEDT| By DaminiSource: Thanwa photo, Shutterstock Summary The US Treasury yields retreated on Tuesday, driving strong gains in the riskier currencies like the Australian dollar, the New Zealand dollar, and the Canadian dollar. The Treasury yields stabilised...
USD gains against different currencies, but Aussie & Kiwi dollars stay firm
March 06, 2021 12:10 AM AEDT| By Manikafor the FED Chairman’s speech to see the direction bond markets take. The dollar rose yet again against some currencies ahead of the speech by the Fed chief Jerome Powell in mid-March. The speech is likely to signal the direction that the...
Fed’s Dovish Stance Shoots Up Greenback to Three-Month High
March 05, 2021 08:01 PM AEDT| By Daminir currencies like New Zealand and Australian dollars slumped along with equities. Giving an end to growing speculations that the US Federal Reserve will pull back policy support earlier than expected, Fed Chair Jerome Powell recently reiterated...
How Bond Yields are Driving the Forex Market
March 03, 2021 08:20 PM AEDT| By Daminie Australian dollar. The bond market has begun to recover from the recent market sell-off, inducing a fall in the US Treasury yields. Last week, the sudden rise in the US bond yields soothed the enthusiasm of stock participants around the world,...
Loonie Nears 3-Year High As Bank Of Canada Maintains Status Quo
January 22, 2021 03:35 AM AEDT| By Team Kalkine MediaThe Canadian dollar (CAD) jumped to a three-year high level vis-à-vis U.S. dollar (USD) on Wednesday, January 20, after the Bank of Canada took a stance against slashing interest rates. The loonie soared as much as 0.84 per cent to 0.....
Three currency pairs gaining ground, what are chartists looking at in 2021?
January 04, 2021 12:09 PM AEDT| By Kunal SawhneyCurrencies have been a volatile so far over lower interest rate environment and economic meltdown on account of the COVID-19 outbreak. However, since the beginning of the March 2020 quarter many currency pairs have provided investors with superior re...
Brexit deal optimism pushes GBP to 31-month high vs USD
December 18, 2020 05:50 PM AEDT| By Team Kalkine MediaThe Great Britain pound (GBP) held the strength against the US dollar on Thursday after the Chief Brexit negotiator of the European Union Michel Barnier signalled positive development in the ongoing negotiations in the prospective trade arrangement.....
AUD rises as job data lifts FX traders
December 17, 2020 01:16 PM AEDT| By Team Kalkine MediaAustralian Dollar is on an upside run against the US Dollar today. Currency traders are speculating relatively better economic conditions compared to the United States. Interest rate differentials on the sovereign yields of two countries are.....
Australia Dollar Going Strong and Here’s Why
December 09, 2020 02:15 PM AEDT| By Team Kalkine MediaAustralian Dollar has been on a scintillating run this year, specifically after March 2020. On 8 December 2020, the FX rate on AUD/USD contracts clocked around US74 cents, which was recorded in August 2018. Image Source: Shutterstock On Tuesday.....
Will the UK National Security and Investment Bill Restrain FDI?
December 05, 2020 10:46 AM AEDT| By Team Kalkine MediaIn a major development, the UK introduced the National Security and Investment Bill (NSI Bill) in the UK Parliament on 11 November aimed at enhancing the country’s national security apparatus for investments. The NSI Bill enables the governm.....
Kiwi Dollar Reclaims USD 0.7000 Mark, What’s Bolstering the Home Currency?
November 29, 2020 12:00 AM AEDT| By Team Kalkine MediaKiwi dollar once again reclaimed the USD 0.7000 mark after the currency climbed the price ladder swiftly to trade at USD 0.7040 (intraday high on 27 November 2020) in two years. The jump in the domestic currency has been primarily led by a recovery.....
How are the Aussie and the Kiwi Dollar Looking on the Charts?
October 07, 2020 01:31 AM AEDT| By Team Kalkine MediaAUD/USD: Entering Primary Uptrend Corridor AUD/USD broke out of the downward sloping trendline in the last quarter and is now taking support at USD 0.7128 level. The ability of the currency to sustain the present breakout would decide the future d.....
Lens over New Zealand Government debt, what does it mean for the NZD?
October 05, 2020 12:00 AM AEDT| By Team Kalkine MediaNew Zealand is currently facing the worst recession, it has ever seen in the last few decades after the country imposed strict measures to control the spread of coronavirus. On 18 September, Stats NZ disclosed that NZ economy shrank by 12.2% in the.....
How are AUD and Yuan Faring Against the Greenback?
September 22, 2020 03:03 PM AEST| By Team Kalkine MediaWhile the COVID-19 pandemic initially spurred a rally in the US dollar amidst heightening worries over the virus crisis, the greenback seems to be on the brink of ending its long-run bull cycle. The US Dollar index (DXY), which traces the America.....
Chinese Yuan Gaining Strength, what is Pushing the Red Dragon?
September 08, 2020 08:09 PM AEST| By Team Kalkine MediaSummary After a significant increase in exports to the U.S., the Chinese Yuan gained against USD. Since May this year, the appreciation in CNY has been notable, but we could also say USD has depreciated during the period. China is doing all it .....
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