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The Canadian Dollar gains as Oil rally offsets jobs gloom
The Loonie gains some traction versus the Greenback, while the latter posts modest losses, as US and Canadian financial markets remain closed in observance of Labour Day. Nevertheless, the USD/CAD edges lower by some 0.15%, trading at 1.3813 at the time of writing.
Fxstreet
Mon, Sep 7
South Korean Won: Authorities signal pause in KRW strength – ING
ING’s Chris Turner reports that USD/KRW rebounded from 1335 after news that Korea’s National Pension Service may halt or reverse its forward-market Dollar selling. Authorities appear comfortable with recent Won gains after a 15% USD/KRW drop since June.Fxstreet
Mon, Sep 7
Mexican Peso stumbles as traders brace for US inflation week
The Mexican Peso loses some ground versus its North American counterpart, the US Dollar, as the USD/MXN rises over 0.25% at 16.93, even though the Greenback edges lower against a basket of six currencies, the so-called US Dollar Index.
Fxstreet
Mon, Sep 7
The Euro waits for the sentence after the rate hike
EUR/USD holds above 1.1600 after a Monday that covered 28 pips. The Eurozone revised second-quarter growth up to 0.6% against a 0.4% consensus, the Sentix investor survey jumped to 5.1 from 0.9, and the pair added a tenth of a percent.
Fxstreet
Mon, Sep 7
Nobody has unwound the Japanese Yen carry trade yet
The Ministry of Finance was not in the market on Monday, and on the most recent positioning data the carry trade did not close either. USD/JPY trades just above 154.00 after giving up close to two Yen, its weakest in six months. What has repriced is the cost of the funding leg.Fxstreet
Mon, Sep 7
British Pound climbs as USD fades, Hormuz risk keeps Fed in play
The Pound Sterling rises by over 0.23% amid thin trading conditions, as US markets remained closed for the Labour Day weekend, while the US-Iran conflict escalated, with both countries exchanging strikes around the Strait of Hormuz. The GBP/USD trades at 1.3541.Fxstreet
Mon, Sep 7
USD/CHF Price Forecast: Pair consolidates around the 50-day SMA
USD/CHF trades with a downside bias on Monday as the US Dollar (USD) stays on the defensive, largely due to broad Japanese Yen (JPY) strength. At the time of writing, the pair trades around 0.8091 after retreating from an intraday high of 0.8110.
Fxstreet
Mon, Sep 7
Japanese Yen: September BoJ decision shapes path – HSBC
HSBC highlights that markets now expect the Bank of Japan (BoJ) to tighten policy more quickly, with overnight index swaps implying about 75bp of cumulative hikes by April 2027 and assigning odds to a move at the 18 September meeting.Fxstreet
Mon, Sep 7
Japanese Yen hits six-and-a-half-month high on hawkish BoJ bets
USD/JPY extends its steep decline on Monday as the Japanese Yen (JPY) rallies against the US Dollar (USD), supported by hawkish Bank of Japan (BoJ) expectations, capital repatriation and the unwinding of Yen-funded carry trades.Fxstreet
Mon, Sep 7
Canadian Dollar finds support from Oil surge despite Fed rate hike bets
USD/CAD trades around 1.3810 on Monday at the time of writing, down 0.15% on the day. The pair comes under some pressure as the sharp rise in Oil prices supports the Canadian Dollar (CAD), although underlying strength in the US Dollar (USD) limits the downside.Fxstreet
Mon, Sep 7
GBP/JPY Price Forecast: Six-month lows at the 209.20 area under pressure
The British Pound (GBP) has resumed its bearish trend against a stronger Japanese Yen (JPY) on Monday, as comments from Japanese officials hinting at a steeper Bank of Japan (BoJ) monetary tightening cycle have provided a fresh boost to the Yen.
Fxstreet
Mon, Sep 7
EUR/USD Price Forecast: Remains sticky to 20-day EMA
The Euro (EUR) is marginally higher to near 1.1625 against the US Dollar (USD) during the European trading session on Monday. The major currency pair trades broadly sideways amid an extended weekend in the United States (US) due to Labor Day.Fxstreet
Mon, Sep 7
EUR/GBP Price Forecast: Testing support at previous highs at the 0.8585 area
The Euro (EUR) is trading lower against the British Pound (GBP) following mixed Eurozone macroeconomic figures on Monday. The EUR/GBP pair is testing support at a previous resistance area, at 0.8585 ahead of the US session opening, after failing to find acceptance above the 186.00 area last week.
Fxstreet
Mon, Sep 7
154.06: Japanese Yen hits fresh six-month highs amid hopes of steeper BoJ hikes
The Japanese Yen (JPY) resumes its uptrend against the US Dollar (USD) on Monday, as the dust from a bright US Nonfarm Payrolls (NFP) report settles, and Japanese officials hint at some steepening of the Bank of Japan’s (BoJ) tightening cycle ahead.Fxstreet
Mon, Sep 7
Euro tumbles as Japanese Yen benefits from BoJ rate hike bets
EUR/JPY falls 1.11% on Monday and trades around 179.45 at the time of writing. The sharp decline in the cross mainly reflects the strong appreciation of the Japanese Yen (JPY), supported by growing expectations of monetary policy tightening by the Bank of Japan (BoJ).
Fxstreet
Mon, Sep 7
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