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USD jumps on Trump tariff threat – Scotiabank
The US Dollar (USD) is tracking higher. Headlines indicating that Trump might cite a national economic emergency as the justification for a new round of broadly applied tariffs is driving the USD higher in early trade, Scotiabank’s Chief FX Strategist Shaun Osborne notes.Fxstreet
Jan 8, 2025
USD: Inflation resurgence concerns to drive a further hawkish tuning in the policy message – ING
Markets have been tempted in the past couple of days to believe there is some truth behind the Washington Post’s report – quickly rebuked by Trump – that US tariffs will be only on selected products.Fxstreet
Jan 8, 2025
NZD/USD: Likely to trade in a 0.5590/0.5705 range for now – UOB Group
Current price movements appear to be part of a range trading phase, expected to be between 0.5615 and 0.5665. In the longer run, NZD is likely to trade in a 0.5590/0.5705 range for now, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.
Fxstreet
Jan 8, 2025
AUD/USD: Downward momentum is likely to result in a lower trading range – UOB Group
Slight increase in downward momentum is likely to result in a lower trading range of 0.6215/0.6265. In the longer run, for the time being, AUD is expected to trade between 0.6180 and 0.6310, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.
Fxstreet
Jan 8, 2025
EUR/USD: Chance to edge lower and test 1.0320 – UOB Group
The Euro (EUR) could edge lower and test 1.0320; the major support at 1.0300 is unlikely to come under threat. In the longer run, bias for EUR is tilted to the upside; any advance is likely part of a higher trading range of 1.0300/1.0465, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.Fxstreet
Jan 8, 2025
GBP/USD: Higher UK rates may support gains – Scotiabank
Soft demand for a 30-year Gilt auction today helped drive UK rates a little higher overall. The 30Y yield reached the highest since 1998 while 10Y yields touched the highest since 2023, Scotiabank’s Chief FX Strategist Shaun Osborne notes.Fxstreet
Jan 7, 2025
CNY: It’s not just about a strong US Dollar – Commerzbank
At the end of last week, USD/CNY broke above 7.30, which previously had been successfully defended in the last days of 2024. Yesterday, the exchange rate even rose to almost 7.33 before falling again in the wake of various reports about the impending US tariffs.
Fxstreet
Jan 7, 2025
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