• posted by IMV |
  • 12/9/2018

Currency Report 12th Sep 2018 Indian rupee continued to bleed for a second straight session, as the domestic currency hit fresh all-time low against the US dollar The Indian rupee touched a new low of 72.74 against the dollar as rising crude oil prices and a wider current account deficit continue to weigh on the local currency. Tracking weakness in the currency, bond yields rose to their highest in four years. The current...

  • posted by IMV |
  • 18/5/2018

The dollar edged higher against the yen and set a fresh four-month high, buoyed by a rise in U.S. Treasury yields that suggests a more upbeat outlook for the world's largest economy. U.S. benchmark 10-year yields hit a high of 3.128 percent in early Asian trade on Friday, the highest in nearly seven years. The U.S. 10-year bond yield has climbed about 15 basis points this week, putting it on track for its biggest weekly rise in...

  • posted by IMV |
  • 16/5/2018

The dollar rallied to hit five-month’s high overnight in Asia, and its momentum remained in early morning. Japan’s GDP figures missed expectation, ending its nine-quarter growth run. The dollar hit 93.32 on Tuesday night in Asia, the highest level this year. As the relations on the Korean peninsula improved and a full-blown trade war between the U.S. and China became less likely, investors turned to U.S. 10-year Treasury yields for cues....

  • posted by IMV |
  • 15/5/2018

The dollar inched up against a basket of currencies from its lowest level in more than a week as hopes for an easing of global trade tensions pushed U.S. bond yields higher. The dollar, which hit a four-month index high of 93.416 last week, has lost steam after soft April U.S. consumer price data raised doubts as to whether the U.S. Federal Reserve would raise interest rates as many as four times in 2018. But some traders remain upbeat...

  • posted by IMV |
  • 14/5/2018

The dollar opened the week slipping against the other major currencies in Asia amid sagging U.S. 10-year Treasury yields. Markets also set eyes on the U.S. retail sales data on Tuesday and Japan’s GDP on Wednesday to look for more directional drivers. Last Friday, the U.S. released softer than expected consumer inflation data that curbed expectations for a third-rate hike by the Federal Reserve later this year. The news pressured...

  • posted by IMV |
  • 11/5/2018

The Bank of England's (BoE) Super Thursday turned out to be a fizzle, as many expected. Following several months of expectations that the UK's central bank would be increasing interest rates this month, a string of worse-than-expected economic figures for the UK's economy has forced the BoE to recant its hawkish stance, and interest rates were left as they are for the time being. Experts are now calling for a rate hike sometime in August...

  • posted by IMV |
  • 10/5/2018

The dollar remained steady against other major currencies in Asia as U.S. United States 10-Yearclimbed above 3%. The U.S. dollar index that tracks the greenback against a basket of six major currencies last stood at 92.95, up 0.01%. The greenback reached this year’s new high on Wednesday at 93.22, then slipped back below the 93 level. On Tuesday, U.S President Donald Trump said the U.S. will back out from the Iran nuclear deal,...

  • posted by IMV |
  • 08/5/2018

The USD/JPY is rebounding in the late Asia session, recovering from a slip into 108.85 on a small giveback in the US Dollar action which has been decidedly Dollar-positive lately, but the pair has rebounded to trade back into the 109.00 handle ahead of the European session. This week is a case of hurry up and wait; traders are awaiting the US CPI figures on Thursday, and there is little else on the economic calendar for most major...

  • posted by IMV |
  • 19/4/2018

Dollar supported as U.S. yields rise to one-month highs The dollar was steady against a basket of its peers today, supported by higher long-term U.S. Treasury yields on improving investor appetite for risk assets, though lingering concerns over U.S.-China trade tensions checked the greenback. The dollar, particularly against the yen, has begun re-establishing a correlation with widening yield differentials this month," said...

  • posted by IMV |
  • 18/4/2018

Forex Alert: Dollar Steady on Bullish Outlook; U.S., Japan Talk Trade and North Korea The dollar remained steady in Asia morning and gained slightly against other major Asian currencies. A hawkish speech from Fed official John Williamson Tuesday reassured rate hikes this year, and eyes are on U.S.-Japan meeting this week to look for cues, with talks over trade and an upcoming summit with North Korea that could ease geopolitical...