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Australian Dollar weakens against Japanese Yen as chances of RBA rate hikes fall
The AUD/JPY cross declines to around 113.65 during the early European session on Thursday. The pair currently trades 0.65% lower on the week as the likelihood of the Reserve Bank of Australia (RBA) raising interest rates has fallen.
AUD/JPY
Fxstreet
Thu, Jul 30
Japan’s Katayama says official proposed no ceiling on next year’s budget requests
Japan's Finance Minister Satsuki Katayama said that officials proposed no ceiling on next year’s budget requests.
USD/JPY
Fxstreet
Thu, Jul 30
New Zealand Dollar rises as ANZ Business Outlook Index jumps in July
NZD/USD extends its gains for the third consecutive day, trading around 0.5810 during the Asian hours on Thursday. The currency pair climbs higher as the New Zealand Dollar (NZD) receives support from a sharp rise in domestic business confidence.
NZD/USD
Fxstreet
Thu, Jul 30
Australian Dollar gains despite cooling domestic Inflation, hawkish Fed hold
AUD/USD inches higher after two days of losses, trading around 0.6960 during the Asian hours on Thursday. The currency pair may face potential downside pressure as the US Dollar (USD) could gain strength following a hawkish interest rate pause by the Federal Reserve (Fed).
AUD/USD
Fxstreet
Thu, Jul 30
New Zealand ANZ Business Confidence climbed from previous 36.6 to 56.1 in July
Fxstreet
Thu, Jul 30
South Korea BOK Manufacturing BSI: 82 (August) vs 79
Fxstreet
Thu, Jul 30
Japan Foreign Investment in Japan Stocks rose from previous ¥-79.6B to ¥912.1B in July 24
Fxstreet
Wed, Jul 29
No soft target: Warsh vows to return inflation to 2%
The Fed left interest rates unchanged at 3.50%-3.75%, but the decision carried a distinctly hawkish edge as three officials voted for an immediate 25-basis-point increase.
Fxstreet
Wed, Jul 29
Bank of Japan: Gradual tightening path and neutral rate debate – ING
ING analysts Chris Turner and Padhraic Garvey see the Bank of Japan maintaining its tightening bias after June’s move to 1.00%, with most board members viewing Japan’s neutral rate near 2.00%.
Fxstreet
Wed, Jul 29
Federal Reserve: Hawkish hold may offer US Dollar limited support – BNY
BNY’s Geoff Yu highlights that markets face a genuinely live Federal Reserve (Fed) decision, with futures implying about a 35% chance of a hike and a hold still the base case.
US Dollar Index
Fxstreet
Wed, Jul 29
Federal Reserve set to hold interest rates steady, yet a hike can’t be ruled out
The United States (US) Federal Reserve (Fed) announces its interest rate decision on Wednesday, another pivotal meeting for markets to gauge the stance of policymakers as they assess how rising crude Oil prices could impact the inflation outlook.
US Dollar Index
Fxstreet
Wed, Jul 29
Swiss National Bank: Rates seen on prolonged hold – Commerzbank
Michael Pfister of Commerzbank argues that subdued imported inflation and low exchange rate pass-through give the Swiss National Bank (SNB) little reason to tighten policy.
Fxstreet
Wed, Jul 29
Singapore Dollar: Range guidance around NEER band – UOB
UOB’s SGD NEER model shows the index at 1.68% above the midpoint of the policy band, after ending the previous session 171 basis points above it. The model is expected to remain between 1.40% and 1.90% above the midpoint today, implying a USD/SGD trading range of 1.2898–1.2963.
USD/SGD
Fxstreet
Wed, Jul 29
Trump vows fresh strikes on Iran after missiles targeting US forces are intercepted
According to Reuters, United States (US) President Donald Trump said in a phone interview with Fox News on Wednesday that the US would carry out further strikes against Iran in response to attacks targeting US positions in Jordan.
Fxstreet
Wed, Jul 29
Australian Dollar: Softer CPI keeps RBA on hold – TD Securities
TD Securities strategists note that Australia’s Q2 Consumer Price Index (CPI) and June headline inflation came in below expectations, easing pressure on the Reserve Bank of Australia (RBA).
AUD/USD
Fxstreet
Wed, Jul 29
Federal Reserve: Hawkish hold could restore Dollar support – BBH
Brown Brothers Harriman’s Elias Haddad expects the Federal Open Market Committee to keep the federal funds target range unchanged at 3.50%-3.75% for a fifth consecutive meeting.
US Dollar Index
Fxstreet
Wed, Jul 29
Swiss Franc: Moderate pass-through weigh on CHF against Euro – Commerzbank
Commerzbank’s Michael Pfister analyses how the Swiss National Bank’s recent shift toward tolerating a weaker Swiss Franc affects inflation and EUR/CHF.
EUR/CHF
USD/CHF
Fxstreet
Wed, Jul 29
United States MBA Mortgage Applications down to -6.4% in July 24 from previous 1.9%
Fxstreet
Wed, Jul 29
Yemen's Houthis mulls imposing fees on vessels transiting Southern Red Sea route
According to a Reuters report, Yemen's Houthis are considering imposing fees on commercial ships sailing through the Southern Red Sea. The report also shows that Houthis might exempt China's shipping fleet from any fee system.
Fxstreet
Wed, Jul 29
Federal Reserve: Extended pause guidance – UOB
UOB Global Economics & Markets Research notes that the Federal Reserve is widely expected to keep the Federal Funds Target Rate at 3.50%-3.75% at the July FOMC meeting.
Fxstreet
Wed, Jul 29
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